Single-family residence buy & hold investment.
Purchase price: $1,100,000
Cash invested: $1,100,000
Stephen David Smith Jr.
Located “West of the Trail” in the coveted Oyster Bay area, this beautiful 4-bedroom family home, has 3 full baths and 2 bonus rooms. Just minutes from the world-renowned Siesta Key Beach, lively Siesta Key Village, the stately, but relaxed Field Club, Southside Village, downtown Sarasota, a plethora of dining options and so much more.
Curious what the annual net rental income earns on something like this? $2.2M in, what's your ARV like? Would love to see more photos, I'm sure there's an untapped market in the highest end luxury stays!
This particular property is being used as a STR with ownership usage blended. I have a condo I represented on Lido Key that has a similar approach by a New York investor I work with but is in a much more premium area on the beach. The Beach condo during the seasonal events/boat races rents for $25k-$30k a month.
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