523 W Oak St, Arcadia, FL 34266 | For Sale

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For Sale $600,000 ($224.72 per Sq Ft)

$600,000 ($224.72 per Sq Ft)
  • (0)
  • 5 Bedrooms
  • 4 Bathrooms
  • 2,670 Sq Ft
  • 13,460 Sq Ft

Description

**Timeless Elegance with Income Potential in Historic Arcadia**

Step into a piece of history with this exquisitely furnished and beautifully restored 1938 bungalow, where vintage charm meets modern convenience. Located in Arcadia’s historic district, this remarkable property offers a rare opportunity for both comfortable living and income generation, just an hour from Florida’s pristine Gulf and Atlantic beaches.

Nestled beneath sprawling oak trees draped in Spanish moss, this expansive corner-lot property includes not only the main home but also a separate two-unit rental duplex at the rear. Each unit of the duplex is self-contained, making it an ideal income-producing opportunity for short- or long-term rentals.

The main bungalow enchants with its inviting front and back porches, perfect for enjoying tranquil mornings or lively evenings. Relax on the porch swing, host al fresco meals, or gather around the firepit in the backyard for stories under the stars. Inside, the home is thoughtfully adorned with period furnishings, evoking the charm of a bygone era. Modern upgrades include a fully equipped kitchen with stainless steel appliances, central air conditioning, and a convenient laundry room. The two bedrooms and two bathrooms are appointed for comfort, with one bedroom featuring a smart TV for entertainment.

The duplex at the rear expands the property’s potential, whether as an income generator or additional accommodations for guests. With its strategic location and unique offerings, the entire property is well-suited for a bed-and-breakfast or as a sought-after Airbnb destination, offering visitors a chance to experience the charm of Old Florida while enjoying modern comforts.

Conveniently walkable to Arcadia’s vibrant downtown, with its boutique shops, bakeries, and dining options, this property presents a rare blend of historical allure, functional design, and business potential. Gross rental projections are $60k annually.

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Amenities

Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt

Income

Rental Units


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Expenses

Property Details

List Price $600,000
Property Type Single Family Homes
Usable Sqft 2,670
Number of Stories 0 stories
Parking Spots 0 spots
Year Built 1938
Last Sold Unknown
Sold Price Unknown
APN # 363724008101800385
MLS # A4631144
Property ID 315146634
Lot Sqft 13,460
Zoning R-1B
Days on Market 20
Original List Price $600,000
Applicances Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer%
Date Updated December 04, 2024
Date Created December 03, 2024
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Listing Provided By

Rex Glasson an agent of DOUGLAS ELLIMAN.


© 2024 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of December 04, 2024 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.



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