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Sold for $520,000 on 03/03/25
  • $520,000

    523 W Oak St, Arcadia, FL 34266

    5beds
    2,670sqft
    Single Family Residence
    Built in 1938
    0.31 Acres Lot
    $500,800 Zestimate®
    $195/sqft
    $2,842 Estimated rent

    Home value

    $500,800

    Estimated sales range

    Not available

    $2,842/mo

    Zestimate® history
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    What's special

    **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.

    Zillow last checked: 8 hours ago

    Listing updated: March 04, 2025 at 07:23am

    Listing Provided by:

    Rex Glasson 941-587-6135,

    DOUGLAS ELLIMAN 941-867-6199,

    Cathy Palmer 678-524-1104,

    DOUGLAS ELLIMAN

    Bought with:

    Sean Lehew, 3306277

    MARINA PARK REALTY LLC

    Source: Stellar MLS,MLS#: A4631144MLS LogoOriginating MLS: Sarasota - Manatee

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    • Full bathrooms: 4
    Primary bedroom
    • Features: Built-in Closet
    • Level: First
    Kitchen
    • Level: First
    Living room
    • Level: First
    Heating
    • Central, Wall Units / Window Unit
    Cooling
    • Central Air, Wall/Window Unit(s)
    Appliances
    • Included: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
    • Laundry: Inside
    Features
    • Other
    • Flooring: Laminate, Hardwood
    • Has fireplace: Yes
    • Furnished: Yes
    Interior area
    • Total structure area: 3,946
    • Total interior livable area: 2,670 sqft

    Property

    Features
    • Levels: Two
    • Stories: 2
    • Exterior features: Other, Private Mailbox, Sidewalk
    Lot
    • Size: 0.31 Acres
    Details
    • Parcel number: 363724008101800385
    • Zoning: R-1B
    • Special conditions: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Bungalow
    • Property subtype: Single Family Residence
    Materials
    • Wood Frame
    • Foundation: Crawlspace, Slab
    • Roof: Metal
    Condition
    • New construction: No
    • Year built: 1938

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected

    Community & neighborhood

    Location
    • Region: Arcadia
    • Subdivision: DAUGHTREYS ADD

    HOA & financial

    HOA
    • Has HOA: No
    Other fees
    • Pet fee: $0 monthly
    Other financial information
    • Total actual rent: 0

    Other

    Other facts
    • Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
    • Ownership: Fee Simple
    • Road surface type: Asphalt, Paved

    Price history

    DateEventPrice
    3/3/2025Sold$520,000-13.3%$195/sqft
    Source: Stellar MLS #A4631144 Report a problem
    1/14/2025Pending sale$600,000$225/sqft
    Source: Stellar MLS #A4631144 Report a problem
    12/3/2024Listed for sale$600,000+282.2%$225/sqft
    Source: Stellar MLS #A4631144 Report a problem
    7/12/2024Listing removed--
    Source: Zillow Rentals Report a problem
    7/9/2024Listed for rent$2,250$1/sqft
    Source: Zillow Rentals Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$6,974 +7.7%$313,825 +9.6%
    2023$6,478 +95.6%$286,306 +103.5%
    2022$3,312 -15.8%$140,678 -15.5%

    Find assessor info on the county website

    Neighborhood: 34266

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: West Elementary School
    • Middle: DeSoto Middle School
    • High: DeSoto County High School

    Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value

    $500,800

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $500,800