Introduction
Sarasota, located on Florida’s Gulf Coast, is known for its beautiful beaches, thriving arts scene, and warm climate. The city is a popular destination for both tourists and snowbirds, making it an ideal market for short-term rental investments. Let’s explore the top zip codes for investing, highlighting gross yields, annual revenues, and Zillow home values, along with some insights into each area’s appeal.
34237: Downtown & North Sarasota
- Gross Yield: 9%
- Annual Revenue: $28,067
- Zillow Home Value: $316.8K
Zip code 34237 covers parts of downtown and North Sarasota, an area known for its close proximity to cultural landmarks such as the Sarasota Opera and Marie Selby Botanical Gardens. With a gross yield of 9%, investors can expect strong returns in this neighborhood, driven by high tourist activity and the convenience of urban amenities. The annual revenue of $28,067 reflects consistent rental demand, while home values remain relatively affordable at $316.8K, making it a top spot for short-term rental investments.
34234: Indian Beach & Newtown
- Gross Yield: 8%
- Annual Revenue: $24,505
- Zillow Home Value: $300.3K
This zip code includes areas like Indian Beach and Newtown, which offer a mix of historic charm and modern convenience. Located near Sarasota Bay, the region attracts visitors looking for scenic beauty and easy access to cultural institutions like The Ringling Museum. With a gross yield of 8% and an annual revenue of $24,505, the area is a solid investment for those looking to capitalize on Sarasota’s appeal. Home values here average $298.6K, presenting a more budget-friendly option compared to other parts of the city.
34231: Gulf Gate Estates & Siesta Key Access
- Gross Yield: 8%
- Annual Revenue: $31,547
- Zillow Home Value: $409.4K
Zip code 34231 covers neighborhoods like Gulf Gate Estates and provides convenient access to the world-famous Siesta Key Beach. This area is highly sought after by tourists for its stunning waterfront views and vibrant nightlife. With a gross yield of 8% and the highest annual revenue on this list at $31,547, properties in this region can generate significant income. However, the Zillow home value of $409.4K reflects the premium price of being close to the beach and other top attractions.
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34232: Fruitville & Central Sarasota
- Gross Yield: 7%
- Annual Revenue: $28,698
- Zillow Home Value: $387.2K
This zip code includes Fruitville and parts of central Sarasota, offering a suburban feel with easy access to Interstate 75 and downtown Sarasota. With a gross yield of 7% and an annual revenue of $28,698, the area is a reliable choice for investors who want to balance suburban tranquility with proximity to the city’s amenities. The home values, averaging $387.2K, are reflective of the neighborhood’s desirability for both visitors and long-term residents.
34235: The Meadows & Surroundings
- Gross Yield: 7%
- Annual Revenue: $24,550
- Zillow Home Value: $351.7K
Zip code 34235 encompasses The Meadows, a well-known residential and golfing community. This area appeals to retirees and vacationers alike, thanks to its lush landscapes and resort-like amenities. The gross yield of 7% and an annual revenue of $24,550 make it a steady performer in the short-term rental market. Zillow home values are around $351.7K, and the community’s focus on leisure and recreation makes it a popular choice for short-term visitors looking for a relaxing stay.
Conclusion
These zip codes represent some of the best opportunities for short-term rental investments in Sarasota. Each area has its unique attractions and advantages, making Sarasota a diverse and promising market for investors.
