170 ROOSEVELT DRIVE # 10, SARASOTA, FL 34236

Description of 170 ROOSEVELT DRIVE # 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.

Property Details for 170 ROOSEVELT DRIVE # 10, SARASOTA, FL 34236

Interior Features

Ceiling Fan(s), Open Floorplan, Solid Wood Cabinets, Stone Counters, Thermostat, Window Treatments

Heating

Central

Cooling

Central Air

Pool Private

No

Property Condition

Completed

Building Information for 170 ROOSEVELT DRIVE # 10, SARASOTA, FL 34236

Building Area Total

1176

Building Area Units

Square Feet

Association

Yes

Association Fee

$595

Association Fee Frequency

Monthly

Pets Allowed

No

Property Information for 170 ROOSEVELT DRIVE # 10, SARASOTA, FL 34236

Lot Size Square Feet

39,183

Waterfront

No

View

Garden, Trees/Woods

Construction Materials

Block

Roof

Shingle

Exterior Features

Courtyard, Fenced, Garden, Storage

Sewer

Public Sewer

Water Source

Public

New Construction

No

Public Records for 170 ROOSEVELT DRIVE # 10, SARASOTA, FL 34236

Parcel Number

2016144010

Tax Annual Amount

$21,500

Tax Year

2024

Tax Legal Description

UNIT 10,11,12, 6 PELICAN GARDENS

Zoning

RMF3

County Or Parish

Sarasota

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