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523 Oak Street
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PRICED AT ONLY: $600,000

Address: 523 Oak Street, ARCADIA, FL 34266

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 Arcadias historic district, this remarkable property offers a rare opportunity for both comfortable living and income generation, just an hour from Floridas 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 propertys 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 Arcadias 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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  •   Principal & Interest -
  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-

  •   Monthly -
  • MLS#: A4631144 ( Residential )
  • Street Address: 523 Oak Street
  • Viewed: 4
  • Price: $600,000
  • Price sqft: $152
  • Waterfront: No
  • Year Built: 1938
  • Bldg sqft: 3946
  • Bedrooms: 5
  • Total Baths: 4
  • Full Baths: 4
  • Days On Market: 22
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Other, Private Mailbox, Sidewalk
  • Flooring: Laminate, Wood
  • Living Area: 2670.00
  • Roof: Metal
School Information
  • High School: DeSoto County High School
  • Middle School: DeSoto Middle School
  • School Elementary: West Elementary School
Garage and Parking
  • Garage Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Central, Wall Units / Window Unit
  • Sewer: Public Sewer
  • Utilities: Electricity Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Net Operating Income: 0.00
  • Tax Year: 2023
Other Features
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Country: US
  • Furnished: Furnished
  • Interior Features: Other
  • Legal Description: DAUGHTREYS ADD TO ARCADIA W1/2 OF LOT 38 BLK 18 INST:201014007816
  • Levels: Two
  • Area Major: 34266 - Arcadia
  • Occupant Type: Tenant
  • Parcel Number: 36-37-24-0081-0180-0385
  • Style: Bungalow
  • Zoning Code: R-1B

Contact Info

  1. Broker IDX Sites Inc.
  2. A Winning Team
Broker IDX Billing System