Price Reduced 38.13%
Price History
$1,600,000
11/4/2025
$990,000
4/20/2026
170 ROOSEVELT DRIVE, #10, Sarasota, FL, 34236
0 beds
1955
294 sqft
Rare Income-Producing Portfolio on South Lido Key – 3 Turnkey STR Units A rare opportunity to acquire a fully operating short-term rental portfolio on South Lido Key, one of Sarasota’s most coveted coastal markets. This offering includes 3 updated studio units within a boutique beachside community just steps from two direct beach access points and a short ride to St. Armands Circle. Each unit is managed, actively listed, and consistently booked, delivering proven performance and strong guest demand year-round. These condos have a long track record as successful Airbnb rentals, with 2024 gross income averaging $38,470 per unit and portfolio-wide net income of $77,953 after HOA, taxes, utilities, and cleaning expenses. This is a cash-flowing, turnkey asset in a high-barrier-to-entry vacation rental market. The property features a community pool and sliding glass access private patios for each unit, creating the indoor/outdoor lifestyle guests expect on Lido. Interiors have been updated over the years and show pride of ownership throughout. Major mechanical systems are in good condition, with recent A/C and hot water tank replacements across the portfolio for peace of mind. Unit Renovation & Mechanical Summary: • Unit 10 – Updated | AC ~2 yrs | WH < 6 yrs • Unit 11 – Updated | AC ~3 yrs | WH < 3 yrs • Unit 12 – Updated | AC ~2 yrs | WH < 3 yrs This type of offering is rarely available — a multi-unit STR package on Lido Key with documented income history, repeat traveler base, and proven operational infrastructure already in place. Keep as a turnkey portfolio, self-manage, or explore value-add improvements and dynamic pricing to further enhance returns. 3 units. One unbeatable coastal investment. Opportunities like this do not come around often.
Status:
Active
Type:
Multi-family
Laundry Remarks:
Inside
Units:
5
Subdivision:
PELICAN GARDENS
Heating:
Central
Cooling:
Central Air
Common Charge:
$595 Monthly
Acreage:
0.9
Est. Taxes:
$21,500
HOA Fee
$595
Construction
Block
Utilities
Public
View Description:
Garden, Trees/Woods
Days on Market:
169
Pet Policy:
No
Min Lease Term:
1 Week
MLS #:
A4670924
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of RE/MAX ALLIANCE GROUP 941-954-5454