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    1860 Southpointe Dr Sarasota, FL 34231

    Sponsored
    For Sale
    $849,000

    Prime Siesta Key area duplex, two units.

    Property size:
    1,993 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Sarasota duplex presents a compelling investment opportunity, ideally situated near Siesta Key's renowned beaches. The property, built in 1972, encompasses a total of 1,993 square feet across two units, each offering two bedrooms and two bathrooms. Situated on a spacious 12,687 square foot lot (APN 0112140028), this single-story building is zoned RMF1. Beyond the residential units, this property boasts unique features enhancing its appeal and versatility. These include a convenient two-car garage, a rare RV full hookup pad, and access to a community boat dock. The property's location in Sarasota, Florida (34231), at 1860 Southpointe Dr, offers both residential and recreational advantages. This multifamily property is an excellent choice for owner-occupants seeking additional income or investors looking for a strong rental return in a highly desirable location. The property's combination of spacious living areas, desirable amenities, and prime location makes it a truly exceptional investment prospect.

    Property Features for 1860 Southpointe Dr

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,993 SF

    Building Details

    Year Built
    1972
    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • Two units, each with two bedrooms and two bathrooms.
    • RV full hookup pad.
    • Two‑car garage.
    • Access to community boat dock.
    • Close proximity to Siesta Key Beaches.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.5095073
    Latitude
    27.2410142

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    FAQs

    What type of property is this?
    Multifamily property - Prime Siesta Key area duplex, two units.
    Where is this multifamily property located?
    The property is located at 1860 Southpointe Dr Sarasota, FL.
    What is the asking price?
    The asking price for this property is $849,000.
    What are key features of this property?
    This property features: Two units, each with two bedrooms and two bathrooms.; RV full hookup pad.; Two-car garage.
    (941) 923-0535
    Request Owner's contact information
    1860 Southpointe Dr Sarasota, FL 34231
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1860 Southpointe Dr Sarasota, FL 34231
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