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523 W OAK STREET

House For Sale
$600,000

BTC: 6.11620795

ETH: 176.59212517

15 days
5 bds
4 ba
2,670 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

**Timeless Elegance with Income Potential in Historic Arcadia** Step into a piece of history with this exquisitely furnished and beautifully restored 1938 bungalow, where vintage charm meets modern convenience. Located in Arcadia’s historic district, this remarkable property offers a rare opportunity for both comfortable living and income generation, just an hour from Florida’s pristine Gulf and Atlantic beaches. Nestled beneath sprawling oak trees draped in Spanish moss, this expansive corner-lot property includes not only the main home but also a separate two-unit rental duplex at the rear. Each unit of the duplex is self-contained, making it an ideal income-producing opportunity for short- or long-term rentals. The main bungalow enchants with its inviting front and back porches, perfect for enjoying tranquil mornings or lively evenings. Relax on the porch swing, host al fresco meals, or gather around the firepit in the backyard for stories under the stars. Inside, the home is thoughtfully adorned with period furnishings, evoking the charm of a bygone era. Modern upgrades include a fully equipped kitchen with stainless steel appliances, central air conditioning, and a convenient laundry room. The two bedrooms and two bathrooms are appointed for comfort, with one bedroom featuring a smart TV for entertainment. The duplex at the rear expands the property’s potential, whether as an income generator or additional accommodations for guests. With its strategic location and unique offerings, the entire property is well-suited for a bed-and-breakfast or as a sought-after Airbnb destination, offering visitors a chance to experience the charm of Old Florida while enjoying modern comforts. Conveniently walkable to Arcadia’s vibrant downtown, with its boutique shops, bakeries, and dining options, this property presents a rare blend of historical allure, functional design, and business potential. Gross rental projections are $60k annually.

Location

Facts and features

Type:
Residential
Parking:
No Data
Year Built:
1938
Lot:
0.31 Acres
Heating:
Central / Wall Units / Window Unit
Price/sqft:
$225
Cooling:
Central Air / Wall/Window Unit(s)
HOA:
No Data
All facts and features
  • Flooring

    • Laminate

    • Hardwood

    Heating

    • Central

    • Wall Units / Window Unit

    Cooling

    • Central Air

    • Wall/Window Unit(s)

    Appliances

    • Dishwasher

    • Dryer

    • Electric Water Heater

    • Microwave

    • Range

    • Refrigerator

    • Washer

    Other interior features

    • Other

    Bedrooms and bathrooms

    • Bedrooms: 5

    • Full bathrooms: 4

  • Property

    • Levels: Two

    • Exterior Features: Other / Private Mailbox / Sidewalk

    Lot

    • Lot: 0.31 Acres

    Other Property Information

    • Parcel Number: 363724008101800385

    • Zoning: R-1B

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Electricity Connected

  • Other financial information

    • Annual tax amount: $6,478

  • Source details

    • MLS ID: A4631144

    Other facts

    • Construction Materials: Wood Frame

    • Foundation Details: Crawlspace / Slab

    • Laundry Features: Inside

    • Direction Faces: Northeast

    • Architectural Style: Bungalow

    • Fireplace: Yes

    • Living Area: 2670

    • Water Source: Public

    • Subdivision Name: DAUGHTREYS ADD

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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 ©2024-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: DOUGLAS ELLIMAN