185 Faubel St - Income Producing Siesta Key Pool Home

This spacious, beautiful pool home is ideally located on the North End of Siesta Key, just a short bike ride to Siesta Key Village and the number 1 ranked beach in the United States. On it's oversized .35 acre lot, this five bedroom home (one non-conforming) has ample areas for living and entertaining, a large kitchen with stainless steel appliances and a breakfast bar, a backyard with a private pool, hot tub, and plenty of additional space to relax and enjoy the outdoors.
Situated just within city limits, weekly rentals are permitted and provide a huge advantage over many other Siesta rentals. The home is currently leased until September 2024, at which point the new owner could raise rent and continue to lease out long term, convert to an Airbnb (and likely double the income) or move in and use the home as a primary or secondary residence. Perfect for 1031 exchange, owner occupy, or start/add to a portfolio.
Priced on the lower end of the average Siesta Key price per square foot, this is a great investment opportunity. With inventories low and great properties with optionality hard to find, this is sure to sell quickly. If interested, please contact us for more information. Thanks!