Sarasota County, Sarasota, FL 34242
3 bd3 ba1,710 sfBuilt 1975
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
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
Systems & condition
Self-reported by the seller. Not inspected.
Property information
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