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618 AVENIDA DE MAYO

Multi-family For Sale
$1,200,000

BTC: 19.54397394

ETH: 687.28522337

129 days
5 bds
2,961 sqft

Overview

Welcome to Old World Siesta Key...this 1940s Bungalow Home was converted approx 40 years ago into a Triplex and a Cottage was added at the rear of the property. Siesta Key is World Renown for it's White Powdery Sand Beaches and is so convenient to the Mainland and all the Attractions Sarasota has to offer such as the Arts, St Armands and Unbelievable Shopping. The Property is located approximately three blocks behind Siesta Key Village, the Hub of Restaurants, Nightlife, and Shops, and there you will find this Graceful Triplex and Cottage. There are several Private Patios as well as Open Areas for Outdoor Entertainment and Relaxation both in the Front and Rear of the Triplex. There are Storage Units for Each Rental and there is a Shared Laundry Area in the middle of the Backyard. Convenience is really key for this Property as you can Walk to the Beach or the Village in 15 Minutes. Island Life is Unique, Exciting, Colorful but can also be Quiet and Slow, it's the perspective of the Offering and it's a sought after way of living. For the past 20 years the units have been long term rentals. Some of the tenants have been there for years and all four would like to stay and continue their Florida Island Lifestyle. Rents shown are the Expected rents that could be charged as the Owner currently charges less... just his way of doing business. There is one option that could change the dynamics and that would be to keep the Triplex as long term rentals and use the rear Cottage as an AirBNB and Owners Use unit. This would drastically change the income stream. The water and internet/cable is currently paid for by the Owner and the Electric is split between the Tenants based on unit size, of course all of this is subject to change based on the New Owner's intentions. This is an Amazing Opportunity to have both Income and Personal Enjoyment all wrapped up with a Special Place we call Siesta Key Living!

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1948
Lot:
0.15 Acres
Heating:
Central
Price/sqft:
$405
Cooling:
Central Air
HOA:
No Data

Highlights

Annual tax
$8,282
2025
All facts and features
  • Heating

    • Central

    Cooling

    • Central Air

    Other interior features

    • Ceiling Fan(s)

    • Eating Space In Kitchen

    Bedrooms and bathrooms

    • Bedrooms: 5

  • Property

    • Levels: Two

    • Exterior Features: Outbuilding / Courtyard / Fenced / Other

    Lot

    • Lot: 0.15 Acres

    Other Property Information

    • Parcel Number: 0082030054

    • Zoning: RSF3

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Quadruplex

  • Utility

    • BB/HS Internet Available

    • Cable Connected

    • Electricity Connected

    • Sewer Connected

  • Other financial information

    • Annual tax amount: $8,283

  • Source details

    • MLS ID: A4680244

    Other facts

    • Construction Materials: Block

    • Foundation Details: Other / Slab

    • Laundry Features: Common Area / Other

    • Patio And Porch Features: Covered / Deck / Front Porch / Rear Porch / Screened

    • Living Area: 2961

    • Water Source: Public

    • Lot Size Dimensions: 50 x 131

    • Subdivision Name: SARASOTA BEACH

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: BLAKELEY & ASSOCIATES REALTY