Available
$735,000(ARV: $1,000,000)74% of ARV

Sarasota County, Sarasota, FL 34242

3 bd3 ba1,710 sfBuilt 1975

Just listed

Gross spread$265,000

Description

WATERFRONT CONDO – SOUTH SIESTA KEY Apt #206 Full interior remodel completed. The exterior of the building is undergoing extensive renovations. Quarterly HOA expected to be reduced by 30+% - exact figures to be finalized in November. Building Renovations The majority of the plumbing has been replaced New Roof New Pool Completed Dec 2026 Major stucco repairs + building painted New Elevator Unit Updates Full Renovation New Hot Water Tank New HVAC CAPEX COMPLETED 2026 | PURCHASE PRICE: $735,000 LOCATION: Fisherman’s Haven, South Siesta Key — steps from Turtle Beach and minutes from world-famous Siesta Key Beach. Property must be purchased in a trust or personal name. Building allows long term and monthly rentals. PROPERTY METRICS: Layout: 3 Bedrooms / 2.5 Bathrooms (high-demand rental configuration) Size: 1,700+ Sq. Ft. (spacious, bright, open-concept floor plan) Asset Type: Waterfront condo with private patio and boat/kayak access THE PLAY: Rare 3B/3B footprint on Siesta Key, fully updated inside and out. Perfectly timed for high-season rental yields or an immediate appreciation flip. All heavy lifting—mechanical replacements and community assessments—is behind it. INVESTMENT HIGHLIGHTS & DE-RISKED CAPEX: Turnkey Interior: Fully renovated top-to-bottom. New flooring, redesigned chef’s kitchen, updated modern bathrooms, and premium finishes throughout. Major Mechanicals Replaced (2026): Brand-new HVAC system and new hot water tank installed this year—zero immediate mechanical CAPEX required. Community Equity Boost (Completing October 2026): Master association improvements are fully underway and finishing this month. Includes full pool restoration, building exterior painting, and parking lot repairs. This immediately drives up property valuation and tenant draw without the headache of managing the construction. RESORT AMENITIES & RENTAL DRAW: Heated pool & sundeck Community grilling area Kayak and bicycle storage Elevator access Direct access to boating, kayaking, top-tier dining, and shopping BUYER NOTE: Seller is not providing a repair estimate or ARV. Buyers should rely on their own inspection, contractor bids, and comp analysis. Recent sold comps in Fisherman’s Haven and the South Siesta Key corridor are available upon request to support independent underwriting.

$/sqft vs market

This deal$430/sqft
Market median$299/sqft
Difference+44% above

Median of 8 comparable listings matched on city + property type. A narrow sample moves a lot; read it as context, not as a valuation.

Property

Bedrooms3
Bathrooms3
Square feet1,710
Lot size1.24 ac
Year built1975
ConditionTurn Key
OccupancyVacant
ParkingAssigned

Systems & condition

Roof age1-3 yrs
HeatingOther · 0-5 yrs
Air conditioningCentral AC
FoundationSlab
Foundation conditionExcellent

Self-reported by the seller. Not inspected.

Property information

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