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$1,625,000

Beds
4
Baths
2.0
sq ft
1,392

1141 Sun N Sea Dr, Sarasota, FL 34242

1141 Sun N Sea Dr

SARASOTA, FL 34242

  • 2 days on market
Great investment opportunity! Just steps from Crescent Village and the powdery white sands of Siesta Key Beach, Sun & Sea Island Hideaways presents a rare opportunity to own a fully updated, income-producing duplex in a prime island location. Zoned RMF-3 for short-term rentals, this charming Old Florida retreat offers incredible flexibility—live in one unit while generating income from the other, or optimize returns by renting both units to vacationers year-round. This is being sold turn-key furnished with future bookings in place. The current owner's selective use of the property for family stays suggests even greater income potential for investors seeking to maximize rental revenue. Tucked away on the desirable south end of Siesta Key, this property exudes tropical charm, with beautifully refreshed interiors featuring terrazzo floors, stylish new furnishings and modern updates completed in late 2024—including all-new appliances, a new roof and new AC units for both residences. Each 2BR/1BA unit is thoughtfully designed for comfort, with bright, open living spaces that capture the essence of island living. A shared indoor laundry room adds convenience, while an outdoor shower provides the perfect way to rinse off after a day at the beach. Outside, the spacious, fully fenced backyard offers a private oasis, complete with lush, low-maintenance landscaping, artificial turf and a large composite deck ideal for hosting sunset gatherings, dining al fresco or simply unwinding. There is a community pool next door that is included for the owner and guests to use. Three designated parking spaces provide added convenience for both owners and guests. With a strong rental history and high demand from vacationers, Sun & Sea Island Hideaways is more than just a home—it’s an investment in the ultimate island lifestyle. Whether you’re looking for a lucrative rental property or your own private retreat with income potential, this Siesta Key gem is ready to make your barrier island dreams a reality.

Details

Property type

Est. home value

$1,208,163

Lot size

6,224 sq ft

Price per sq ft

$1,168

Year built

1955

Annual property taxes

$11,222.74

Monthly HOA fee

$94.17

Price History

02/20/2025
StellarMLS

StellarMLS #A4641506

Listed
$1,625,000
+111.45%
06/25/2019
StellarMLS

StellarMLS #A4427924

Sold
$768,500
+0.79%
04/15/2005
StellarMLS

StellarMLS #A272067

Sold
$762,500

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First Home Bank

Loan start date

June 2019

Original loan amount

$500,000

Est. remaining balance

Not provided

Interest rate

3.63%

Loan type

New Conventional, 30 year

Seller

Richard Salerno and Mary Ann Salerno

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 02/23/2025 at 2:10 AM

Listing updated: 02/21/2025 at 1:04 AM

Listed by: Ryan Ackerman, PA, COLDWELL BANKER REALTY Phone #: (941) 383-6411

MLS: StellarMLS #A4641506

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