$600,000
For Sale

523 W OAK STREET

Arcadia, FL 34266
3946 sqft | 5 beds | 4 baths | 0.31 acres | #A4631144
Browse 45 photos
Type:Purchase
Structure:House
Zone:Residential

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.

  • Property Details
      • Exterior MaterialsOther, Private Mailbox, Sidewalk
      • High SchoolDeSoto County High School
      • Property SubtypeSingle Family Residence
      • Elementary SchoolWest Elementary School
      • Utility FeaturesElectricity Connected
      • Middle SchoolDeSoto Middle School
      • FoundationCrawlspace, Slab
      • SubdivisionDAUGHTREYS ADD
      • Sewer InformationPublic Sewer
      • Property TypePurchase
      • Original List Price$600,000
      • MLS #A4631144
      • MLS #A4631144
      • Utility SourcePublic
      • CountyDeSoto
      • Taxes Annual$6,478
      • Cost600000
      • InteriorOther
      • Acres0.31
      • Square Feet3946
      • Year Built1938
      • Days on Market (Cumulative)23
      • Bedrooms5
      • Bathrooms4
      • Full Baths4

Location

Stephanie LeFew | Keys to Castles GroupReal Estate Group
$
years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
$
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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