Welcome to Cocoanut Bungalow, an exceptional residence located just minutes from downtown Sarasota. This property is distinguished by not one, but two structures. The detached studio serves as a versatile Airbnb, presenting an excellent opportunity for additional income, a convenient mother-in-law suite, or a stylish home office. The main structure, being used as a permanent residence, features two bedrooms and one bathroom, and has great Airbnb or long-term rental potential. The additional structure is a studio-style one-bedroom, one-bathroom unit with a remarkable rental history on Airbnb. While the home has undergone many updates, its original charm remains intact. Recent enhancements include a new roof (2020), a fully updated bathroom, upgraded appliances (2020), a completely renovated studio (2020) a partial update to the studio bathroom, new fencing, exterior doors, and landscaping, among many other improvements. Take advantage of the expansive lot to create your ideal outdoor space. This property's prime location is just 5 minutes from the new Bay Front Park, 7 minutes to downtown Sarasota, and a mere 10 minutes to Lido Beach. The combination of functionality and an ideal location makes this property the perfect match for your needs.