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Siesta Sunset Royale, a 7-unit nightly rental 5322 Calle de la Siesta 7 Room Serviced Apartment Sarasota, FL 34242 $4,900,000 ($700,000/Room) 6.63% Cap Rate
Investment Highlights
- 1 Block to the Beach
- Rooftop views
- 1 Block to the Village
Executive Summary
Nightly rentals, a unicorn. This 7-unit investment property is unique in that it operates more similar to hotel than a single family vacation rental. It has years of returning guests and it's one of very few elevated properties allowing the former mentioned, nightly rentals. 2-studios, 2-1 bedrooms, 2-2 bedrooms, and a penthouse suite with wrap around balcony. Your guests will enjoy a great pool area, sizable covered space with a grill, on site laundry, and a roof top deck. It's 1 block to both the Village and beach, guests walk everywhere. Park your car in one of the 7 newly pavered spaces and don't start it again until the vacation is over. Now for you the owner, a private office/guest check in, 2 storage areas for linens housewares etc, and a commercial laundry for turnovers. These types never trade, don't let another 20 years pass before this sells again.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$550,000
|
$121.31
|
| Taxes |
$50,000
|
$11.03
|
| Operating Expenses |
$175,000
|
$38.60
|
| Total Expenses |
$225,000
|
$49.63
|
| Net Operating Income |
$325,000
|
$71.68
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $550,000 |
| Annual Per SF | $121.31 |
| Taxes | |
|---|---|
| Annual | $50,000 |
| Annual Per SF | $11.03 |
| Operating Expenses | |
|---|---|
| Annual | $175,000 |
| Annual Per SF | $38.60 |
| Total Expenses | |
|---|---|
| Annual | $225,000 |
| Annual Per SF | $49.63 |
| Net Operating Income | |
|---|---|
| Annual | $325,000 |
| Annual Per SF | $71.68 |
Property Facts
Amenities
- Balcony
- Pool
- Spa
- High Speed Internet Access
- Patio
- Public Access Wifi
- Fully-Equipped Kitchen
- Multi-Room Suites
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 7 | $443.00 | - |
1 1
Fairly walkable
40/100
Very drivable
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 0082-12-0051 | Total Assessment | $1,533,352 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $50,000 ($11.03/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
0082-12-0051
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$1,533,352 (2025)
Annual Taxes
$50,000 ($11.03/SF)
Tax Year
2026
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Siesta Sunset Royale, a 7-unit nightly rental | 5322 Calle de la Siesta
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