1176 SQ FT

Year 1955

N/A ROOMS

0.9 ACRES

N/A BEDS

/ BATHS

N/A CAR(S)

A4670924

SARASOTA Property for Sale

170 ROOSEVELT DRIVE UNIT 10, SARASOTA FL 34236

Rare Income-Producing Portfolio on South Lido Key – 4 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 4 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 $85804 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 Unit 6 - Updated AC is 3 years and WH is 3 years 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. 4 units. One unbeatable coastal investment. Opportunities like this do not come around often.

Share Property

Amenities & Features

Listing Details

Price

$1,300,000

Year Built

1955

SQ FT

1176

Levels

Lot Size

0.9 ACRES

Tax Key

2016144010

TaxYear

2024

Property Taxes

$21,500

Exclusions

N/A

Property Type

Triplex

Zoning

RMF3

Property Status

Active

MLS#

A4670924

Interior Features

Included Appliances

Interior Features

Ceiling Fan(s)

Open Floorplan

Solid Wood Cabinets

Stone Counters

Thermostat

Window Treatments

Exterior Features

Architectural Style

Construction Materials

Block

Lot Features

Parking Features

Exterior Features

Courtyard,Fenced,Garden,Storage,,,,,,,

Other Structures

Storage,,,,,,,,,,

Storage

Courtyard

Fenced

Garden

Storage

Waterfront Features

Heating & Cooling

Heating

Central

Cooling

Central Air

Utilities

Public

Water Source

Public

Data Source

Propert ID: A4670924
Source: Stellar MLS All Rights Reserved.

Photos, Videos & Tours

$1,300,000

170 Roosevelt Drive Unit 10, Sarasota FL 34236

Listed by RE/MAX ALLIANCE GROUP

SARASOTA

About Sarasota

On Florida’s Southwest Coast, Sarasota offers the best of both worlds, with a combination of big-city living and close access to pristine natural areas and beautiful islands.

Community Population

N/A

Community Area

N/A SQ/MILES

Community Suburb of

Sarasota County

Community Lifestyle

N/A

FOUNDER | CEO

Suzanne Powers

Naples Boutique Broker®

239.682.7476

suzanne@powersrealty.com

Powers Realty Group - Naples / Marco Island

780 Fifth Avenue South, Suite #200
Naples, FL 34102

Suzanne Powers

Request a Showing for

170 ROOSEVELT DRIVE UNIT 10

$1,300,000

We would love to show you this beautiful property. Please select your preferred showing date and time below. An agent from Powers Realty will be in touch shortly to confirm your appointment.

CHANGE YOUR APPOINTMENT

NEW LISTINGS IN NAPLES