Full Description
VALUE ADD OPPORTUNITY ON THE PRESTIGIOUS NORTH END OF SIESTA KEY!!! Step into a rare opportunity on one of the most coveted stretches of Siesta Key. 130 Ogden Street isn’t just a property—it’s a canvas waiting for your vision. This property is uniquely positioned within the city limits, offering the highly sought-after benefit of weekly rentals—ideal for creating a one-of-a-kind vacation home that doubles as an income-producing investment.
Though the home did not have ample time to “mature” into the vacation rental space, the current owners offered the home as a vacation rental for only a couple of years, yet it generated impressive results—grossing over $93,000 in 2023 and more than $100,000 in just nine months of 2024. That proven rental history underscores the property’s incredible earning potential for its next owner.
While the existing home did flood, the potential here is undeniable: reimagine the current residence by remodeling the existing property, or clear the way for a stunning new coastal retreat that captures the essence of island living.
The prior owner invested a significant amount in a major remodel in 2020 with upgrades that included all-new plumbing in the foundation, impact-rated windows, new metal roof, a new pool and spa, and gorgeous tile floors throughout. With these improvements still in place restoring the home to its former beauty, while staying within the 50% rule is realistic and should be achievable to do under $199,980 50 – which is the 50% budget from the City. If reimagining the current home, renovation requirements would include drywall, kitchen, appliances, vanities, electrical, HVAC, etc.
If you choose to rebuild, this property offers an exceptional location on coveted Siesta Key with the rare advantage of legal weekly rentals. With a maximum building height of 35 feet, a new home could capture beautiful water views, as shown in the aerials and demonstrated by the newer build directly next door. Add a rooftop deck, and the views expand even further— creating a truly one-of-a-kind coastal retreat.
The grounds are just as captivating as the location. On an oversized lot of more than 11,000 square feet, on a cul-d-sac street, the property is completely enclosed by a concrete privacy wall with a gated entrance, offering an executive sense of seclusion. Mature tropical landscaping frames the home in lush greenery, while a turf lawn and private putting green make the outdoor space feel like a private resort.
The north end of Siesta Key is beloved for its convenience and location location location! With some of the most expensive real estate on Siesta Key located in this neighborhood, some Location Highlights include
0.2 miles to Shell Beach, 1.9 miles to Siesta Key Village, 2.9 miles to world-famous Siesta Key Beach, 1.8 miles to Publix & Southgate Mall, 3 miles to Southside Village & Sarasota Memorial Hospital, 4.2 miles to Downtown Sarasota
Imagine mornings spent walking on the beach, afternoons lounging by your pool, and evenings enjoying the most spectacular sunsets.
This is more than a home—it’s an opportunity to create the lifestyle so many dream of, with a value-add property in a premier location, surrounded by pristine beaches, boutique shops, fine dining, vibrant nightlife, world-class fishing, and endless water sports. At 130 Ogden Street, your Siesta Key story is ready to be written.
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