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1150 Windsong Ln - Azure Siesta Key 0.23 Acres of Commercial Land Offered at $2,250,000 in Siesta Key, FL 34242
INVESTMENT HIGHLIGHTS
- Located beach-side with deed beach access and a short walk to the beach on a quiet private lane.
- Can be managed by professional vacation rental company, or internally by the buyer to increase returns.
- Property is located mid-island, close to both north and south villages and bridges.
- RMF Zoning, allows both short- & long-term rentals, greatly increasing the gross rental potential.
EXECUTIVE SUMMARY
PROPERTY FACTS
| Price | $2,250,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.23 AC |
| Property Type | Land | ||
| Zoning | RMF3 - Residential Multi-Family, 3 units per acre | ||
| Price | $2,250,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.23 AC |
| Zoning | RMF3 - Residential Multi-Family, 3 units per acre |
1 LOT AVAILABLE
Lot
| Price | $2,250,000 | Lot Size | 0.23 AC |
| Price Per AC | $9,782,608.70 |
| Price | $2,250,000 |
| Price Per AC | $9,782,608.70 |
| Lot Size | 0.23 AC |
3 units land, Siesta Key, beach side, private deed beach access. RMF-3 zoning/vacation rentals. Sell individual units or keep as investment. Floor plans, elevations renderings and DD materials including appraisal available with NDA. Principals only.
DESCRIPTION
This well located Siesta Key property gives Developers & Investors the opportunity to build 3 luxury vacation rental or condo units beachside with private deeded beach access to America’s #1 beach, and a world class vacation destination! The RMF-3 zoning allows for no minimum stay, greatly increasing gross rental potential. Units can be kept for income, generating above average returns, or sold individually as condos. Recent sales of RMF properties in the area are in excess of $1.1M-$1.3M+ land cost per unit. With entitlements to build 3 RMF zoned units priced at $697k land cost per unit, this opportunity offers substantial upside potential to the Buyer. The current rental home on the property can generate $75K+ annual gross rental income until Buyer is ready to construct new units. Great 1031 exchange candidate. We would consider delivering completed building, should Buyer require. Principals only please.
PROPERTY TAXES
| Parcel Number | 0105-13-0006 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,173,590 |
PROPERTY TAXES
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1150 Windsong Ln - Azure Siesta Key
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