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.
| MLS # | A4670924 |
|---|---|
| Listing Type | For Sale |
| HOA Dues | $595 |
| Sub-Type | For-sale |
| Status | Active |
| Year | 1955 |
| Days On Site | 361 |
| Listing Provided By | RE/MAX ALLIANCE GROUP | Joey Lamielle |
| Bath(s) | 4 |
|---|---|
| SQ Feet | 294 |
| Units | 5 |
| Zoning | RMF3 |
| Acreage | 0.90 |
| Property View | Garden, Trees, Woods |
| Property | 21500 |
|---|
| State | FL |
|---|---|
| County | Sarasota |
| City | SARASOTA |
| Zip Code | 34236 |
| Area | 34236 Sarasota |
| Subarea | Pelican Gardens |
| Community Name | PELICAN GARDENS |
| Listing VS Median (in PELICAN GARDENS) | |
Price: $1,300,000 low | high Med: $337,000 sqft: 294 low | high Med: 319 $ / sqft: $4,422 low | high Med: $1,067 On site: 361 low | high Med: 313 | |
| State | FL |
|---|---|
| County | Sarasota |
| City | SARASOTA |
| Zip Code | 34236 |
| Area | 34236 Sarasota |
| Subarea | Pelican Gardens |
| Community Name | PELICAN GARDENS |
| Listing VS Median (in PELICAN GARDENS) | |
Price: $1,300,000 low | high Med: $337,000 sqft: 294 low | high Med: 319 $ / sqft: $4,422 low | high Med: $1,067 On site: 361 low | high Med: 313 | |