170 Roosevelt Dr #10
Sarasota, FL 34236
Active
List price
$1,300,000Price cut
Listing courtesy of RE/MAX ALLIANCE GROUP, 941-954-5454 (Joey Lamielle)
MLS# A4670924 Status Active
Listing updated July 21, 2026
- Bathrooms
- 4
- Sq ft
- 294
- Year built
- 1955
HOA and fees $595/mo
About this home
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.
Facts
- Home type
- Triplex
- Year built
- 1955
- Lot
- 0.9 acres
- HOA and fees
- $595/mo
- Annual taxes
- $21,500
- Construction
- Completed
- Subdivision
- Pelican Gardens
- County
- Sarasota
Virtual tour
Location
Map: OpenFreeMap, © OpenMapTiles, © OpenStreetMap contributors
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