Siesta Key Real Estate
Siesta Key is one of the most popular areas in Sarasota to visit with it's world-famous white sugar sand beach and azure clear waters. It also happens to be a great place to live or buy investment property. Investment Opportunities There are only a handful of hotels on Siesta Key. Most vacationers opt to rent a fully furnished condo. The most popular rental condos have an on-site property manager, which handles reservations and unit cleaning and maintenance for guests, much like a hotel. Investors can achieve positive cash flow with units with liberal rental restrictions. The best investments are those that rent weekly or even daily. Some will pay utility bills and condo fees out of rental revenue. Expect a typical in-season beachside (not necessarily right on the beach) can rent for upwards of $5000 per month. Off season during our summer and fall months, we get vacationers from the Tampa and Orlando areas, so the rental m...