Siesta Key 2
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Siesta Key

Florida

Listing Type

Potential

Attributes

Pricing

Siesta Key is nestled on a barrier island on the Gulf Coast of Mexico, and is home to one of the top beaches in the U.S.

Step into a world where your dreams of coastal living become reality. Imagine sharing in the pure joy of owning a fully renovated, mid-century $2,250,000 Florida home without the usual financial burden. This isn't your typical timeshare or fractional ownership – it's a groundbreaking revolution in how you experience second home ownership.

At Lifestyle Asset Group, we're thrilled to introduce you to an exclusive opportunity in Siesta Key, FL. Picture yourself as one of the lucky eight families who will embrace this innovative co-ownership model, allowing you to bask in the splendor of this coastal chic residence.

No more worrying about exorbitant expenses, maintenance, or the hassle of managing a second home – it's a seamless, stress-free journey to your coastal haven. This is your chance to unlock a world of luxury living, all for a mere fraction of the cost of going it alone.

Are you ready to make your coastal dreams come true? Join us on this emotional journey of shared ownership, where your slice of paradise awaits.

The Property

4879 Commonwealth Dr. Siesta Key, FL

THIS HOME IS BEING SOLD UNFURNISHED AND WILL BE COMPLETELY INTERIOR DESIGNED UPCOME CLOSING

Presenting an AMAZING opportunity to own a one-of-a-kind, rare mid-century modern open floor plan property with history, character, style, and all the modern upgrades you could ask for. The style of this home reflects the history and character of the original Sarasota School of Architecture and Design. The location is extraordinary - only a few blocks from Roberts Bay and less than a mile to Siesta Key Beach.

This open floor plan home features 2,500 square feet of light and bright, air-conditioned living space, a rarity with most Sarasota School of Architecture homes, which are usually much smaller and have fewer upgrades.

Four bedrooms and three full bathrooms situated on a quiet, private, beautifully landscaped double lot just minutes to world-renowned Siesta Key Beach and shopping and restaurants in Siesta Key Village. A master bedroom suite with a separate door to the exterior of the home includes a master bath that features a free-standing tub and a marble-outlined shower. The primary and en-suite bathrooms are split from the rest of the bedrooms, making this space a tranquil, private retreat.

There are two guest bedrooms on the other side of the property, with a hallway full bathroom decked out with marble accents. The fourth guest bedroom has its own en-suite bathroom as well, matching marble from floor to ceiling, plus a marble wainscot accent behind the vanity for an ultra-luxurious feel to the space. The fourth guest bedroom also has a huge picture-frame window leading out to the back deck and pool, making this space feel like a separate retreat.

The house has been fully renovated with high-impact doors and windows, durable white-oak engineered hardwood flooring, a stunning electric fireplace in the main living area, new kitchen cabinets and quartz waterfall countertops, stunning tongue and groove ceiling accent, and several other modern touches throughout!

The spacious caged and heated saltwater pool welcomes you for exercise and cool enjoyment amid lush tropical landscaping.

Testimonials:
  • 4 bedrooms (4 Kings)
  • 3 bathrooms
  • 2,341 sq. ft.
  • Sleeps 8
  • Fully renovated in 2023
  • New roof
  • New windows & doors (exterior doors and interior doors replaced)
  • New drywall
  • New AC ducting
  • New plumbing throughout
  • New electric throughout
  • New hardwood flooring
  • New kitchen cabinets and counters
  • New tile throughout (kitchen backsplash, bathroom floors and walls, and fireplace)
  • All new light fixtures, inside & out
  • Pool was resurfaced with new tile added and new pool pump / salt water chlorinator
  • New PVC fence added
  • All new landscaping - new plants, irrigation system, and commercial grade weed cloth laid in the entire yard and covered with crushed shells
  • New paint interior & exterior
  • New Tongue & Groove exterior accents under the roof overhangs, as well as new Tongue & Groove throughout the main living space (will be painted white on the interior to match the ultra pure white paint throughout - whereas the exterior tongue and groove will be left as a natural wood color with clear coat stain & sealer)
  • High-end kitchen appliances
  • Heated saltwater pool
  • Close proximity to Siesta Village with fine dining, live music, boutiques, and more
  • Nearby beach access
  • New 6-seater golf cart

The Place

Located on Siesta Key, it is nestled on a barrier island on the Gulf Coast of Mexico, just a short drive from Sarasota

Siesta Key Beach is ranked the #1 Beach in the U.S. in 2020 by TripAdvisor’s Traveler’s ChoiceAwards because of the quartz-crystal powdery sand, the soft Gulf of Mexico waves, and the abundance of sun and fun.

Water enthusiasts are spoiled for choice with an array of outdoor adventures, from fishing to boating, parasailing, kayaking, snorkeling, and swimming, while those who are lucky might even spot a pod of majestic dolphins pass by. Divers can enjoy plenty of shore and boat dives, where natural rock formations and artificial reefs make for a thrilling day of underwater adventures, including a chance to see M-10 and M-17, two vessels that sank in1900.

Take a break from sunbathing or sandcastle building for a stroll around Siesta Key Village, where there’s truly something for everyone. Siesta Key Village is located on the northwest side of Siesta Key and features an impressive selection of quaint spas, salons, jewelry, gift and souvenir shops, clothing and swimwear stores, cafés, restaurants, and many other points of interest.

The village is easy to get around by bike, trolley, car, or foot, and there is a shop for anything and everything. Whether you’re looking for a quick lunch before heading back to the beach, a romantic dinner, music and dancing, shopping, or family-friendly activities.

Siesta Key Village is also home to many festivals including the Siesta Fiesta so there is always something new to enjoy with the family.

Located on Siesta Key, it is nestled on a barrier island on the Gulf Coast of Mexico, just a short drive from Sarasota

Siesta Key Beach is ranked the #1 Beach in the U.S. in 2020 by TripAdvisor’s Traveler’s ChoiceAwards because of the quartz-crystal powdery sand, the soft Gulf of Mexico waves, and the abundance of sun and fun.

Water enthusiasts are spoiled for choice with an array of outdoor adventures, from fishing to boating, parasailing, kayaking, snorkeling, and swimming, while those who are lucky might even spot a pod of majestic dolphins pass by. Divers can enjoy plenty of shore and boat dives, where natural rock formations and artificial reefs make for a thrilling day of underwater adventures, including a chance to see M-10 and M-17, two vessels that sank in1900.

Take a break from sunbathing or sandcastle building for a stroll around Siesta Key Village, where there’s truly something for everyone. Siesta Key Village is located on the northwest side of Siesta Key and features an impressive selection of quaint spas, salons, jewelry, gift and souvenir shops, clothing and swimwear stores, cafés, restaurants, and many other points of interest.

The village is easy to get around by bike, trolley, car, or foot, and there is a shop for anything and everything. Whether you’re looking for a quick lunch before heading back to the beach, a romantic dinner, music and dancing, shopping, or family-friendly activities.

Siesta Key Village is also home to many festivals including the Siesta Fiesta so there is always something new to enjoy with the family.

The Co-Ownership Model

Join forces with a select group of families to co-own a luxurious vacation property. This innovative co-ownership model allows each family to contribute only their share of the ownership costs, making luxury vacation home ownership accessible and hassle-free. Discover the ever-growing popularity and practicality of this model and enjoy the benefits of shared luxury.

THE INVESTMENT

Pricing includes the $2,250,000 purchase price, LLC reserves, inspections, title, closing costs, interior design, a syndication fee for bringing the co-owners together, and the creation of the legal contracts for LLC.

Each 1/8th owner will enjoy up to 6 weeks of use annually.

  • One-time LLC capital contribution: $328,000
  • Annual expenses: $11,500 per year

ADDITIONAL BENEFITS:   

  • Defined 8-year exit strategy so everyone knows upfront how and when the co-ownership ends
  • Voting option to extend the term to up to 10 years
  • At the end of the LLC term, the property is sold, all initial capital contributions for the acquisition are returned and net appreciation is shared
  • Zero-hassle ownership and personal travel and concierge services
  • Access to 150+ properties in over 90 destinations through a membership in Elite Alliance
Get the Equity Weekly Values

If this one-of-a-kind investment opportunity resonates with you and your family we encourage you to request more information about this beautiful Siesta Key home before the shares are spoken for.

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This listing is no longer available, but if you are still interested in co-owning a luxury vacation home in the area, please complete the form below, and we will notify you of future offerings.

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