$1,300,000
 $6,979 est/mo Sourced by Back At You

170 Roosevelt Dr #10,SARASOTA, FL 34236

SARASOTA, FL 34236

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Description

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.

Details

MLS #A4670924
Listing TypeFor Sale
HOA Dues$595
Sub-TypeFor-sale
StatusActive
Year1955
Days On Site361
Listing Provided ByRE/MAX ALLIANCE GROUP | Joey Lamielle

Features

Bath(s)4
SQ Feet294
Units5
ZoningRMF3
Acreage0.90
Property ViewGarden, Trees, Woods

Taxes

Property21500

Area Information

StateFL
CountySarasota
CitySARASOTA
Zip Code34236
Area34236 Sarasota
SubareaPelican Gardens
Community NamePELICAN GARDENS
Listing VS Median (in PELICAN GARDENS)
Price:
$1,300,000
low | high
Med:
$337,000
100% of Average
sqft:
294
low | high
Med:
319
41.666666666667% of Average
$ / sqft:
$4,422
low | high
Med:
$1,067
100% of Average
On site:
361
low | high
Med:
313
100% of Average
Sourced by Back At You

Market Activity 34236

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 Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of October 31, 2026 at 10:37:06 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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Learn More About This Property

StateFL
CountySarasota
CitySARASOTA
Zip Code34236
Area34236 Sarasota
SubareaPelican Gardens
Community NamePELICAN GARDENS
Listing VS Median (in PELICAN GARDENS)
Price:
$1,300,000
low | high
Med:
$337,000
100% of Average
sqft:
294
low | high
Med:
319
41.666666666667% of Average
$ / sqft:
$4,422
low | high
Med:
$1,067
100% of Average
On site:
361
low | high
Med:
313
100% of Average
Sourced by Back At You
Listing Updated: September 29, 2026 at 6:57:28 AM PDT
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