170 Roosevelt Drive #10, Sarasota, FL 34236
Local realty services provided by:Better Homes and Gardens Real Estate Thomas Group
Listed by: joey lamielle
Office: re/max alliance group
MLS#:A4670924
Source:MFRMLS
Price summary
- Price:$990,000
- Price per sq. ft.:$1,122.45
- Monthly HOA dues:$595
About this home
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....
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Home facts
- Year built:1955
- Listing ID #:A4670924
- Added:47 day(s) ago
- Updated:June 09, 2026 at 11:58 AM
Rooms and interior
- Total bathrooms:3
- Kitchen Description:Solid Wood Cabinets, Stone Counters
- Living area:294 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1955
- Building area:294 sq. ft.
- Lot area:0.9 Acres
- Construction Materials:Block
- Exterior Features:Courtyard, Fence, Garden
- Foundation Description:Slab
- Levels:1 Story
Utilities
- Water:Public
- Sewer:Public, Public Sewer
Finances and disclosures
- Price:$990,000
- Price per sq. ft.:$1,122.45
- Tax amount:$21,500 (2024)
Features and amenities
- Laundry features:Inside
- Amenities:Ceiling Fans(s), Open Floorplan, Solid Wood Cabinets, Stone Counters, Thermostat, Window Treatments
- Pool features:Public Pool
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