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1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
1123 CRESCENT ST #1123/1125
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$1,525,000

1123 CRESCENT ST #1123/1125

4 Beds 4 Baths 1,708 Sq.Ft. 7,500 Sq.Ft.

Description

EXCEPTIONALLY RARE Siesta Key Income Property | Zoned for DAILY Rentals -- a true Siesta Key Unicorn.
This rare 4-bedroom, 4-bath duplex offers a unique opportunity to acquire a short-term rental asset just a short stroll from the world-famous white sands of Siesta Key Beach, one of the most supply-constrained and consistently in-demand vacation markets in Florida.

Configured as two fully renovated 2BR/2BA residences, this property delivers unmatched flexibility--ideal as a high-performing investment, 1031 replacement property, vacation home, or personal residence with income potential. Zoned for DAILY rentals--a highly limited and valuable designation on Siesta Key--the property is currently operated as a professionally managed short-term rental with future bookings in place.

Designed for both guest appeal and operational efficiency, each unit features open-concept living spaces, updated kitchens, in-unit laundry, durable tile flooring throughout, and tasteful coastal furnishings. The property is being sold fully furnished and turnkey, allowing for a seamless transition of ownership with no operational downtime.

Outdoor amenities further support strong occupancy and repeat bookings, including a fenced, heated pool, tropical landscaping, lounging and dining areas, and a private grilling space. Four dedicated off-street parking spaces (two per unit) add a meaningful competitive advantage in this highly desirable beach location.

Professionally operated as a vacation rental since 2020, the property has achieved documented gross rental income approaching $200,000 annually. A temporary decline in late 2024 and early 2025 was event-driven rather than demand-driven, due to regional hurricane-related cancellations. Travel demand to Siesta Key is now rebounding, and bookings are steadily returning--positioning the property for revenue normalization and potential growth consistent with prior peak years.

Whether you are a short-term rental investor, 1031 exchange buyer, or an owner seeking to blend lifestyle with income, this property offers a rare combination of location, zoning, resilience, and upside in one of Florida's most desirable coastal markets.

Detailed income and expense reports available upon request. Buyer to verify exchange eligibility and tax treatment with qualified advisors. Private showings by appointment only.

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Location

1123 CRESCENT ST #1123/1125, SARASOTA, FL 34242

Status

For Sale
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Schedule a Showing

I would love to show you my beautiful property. Please select your preferred date and time below. I will be in touch shortly to confirm your appointment.

Schedule a Showing

I would love to show you my beautiful property. Please select your preferred date and time below. I will be in touch shortly to confirm your appointment.
Thank you for your interest in 1123 CRESCENT ST #1123/1125, SARASOTA, FL 34242. We are reviewing your request and will be in touch shortly!
Christa Spalding

Christa Spalding

TITLE

Realtor®

Property Amenities

Interior
Laundry room Electric Dryer Hookup, Inside, Laundry Room
Total Bedrooms: 4
Other Interior Features Ceiling Fans(s), Living Room/Dining Room Combo, Primary Bedroom Main Floor, Solid Surface Counters, Thermostat, Walk-In Closet(s), Window Treatments
Area & Lot
Total area 2,720 Sq.Ft.
Lot Area 7,500 Sq.Ft.
Living area 1,708 Sq.Ft.
MLS® ID A4678397
Year Built 1968
Type Multi-Family
Status For Sale
Exterior
Stories 1
Pool Heated, In Ground, Lighting
Air conditioning Central Air
Heat type Central
Water Source Public
Sewer Public Sewer
Other Exterior Features Fence, Lighting, Private Yard
Roof Other
Utilities BB/HS Internet Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Finance
Sales Price $1,525,000
Real Estate Tax $13,721 yearly

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WORK WITH CHRISTA

With a passion for service, Christa is ready to help with your home buying and selling needs. As a proud member of Coldwell Banker Realty, Christa carries the values of hard work, integrity, and outstanding client service into everything she does.