Sarasota's Premier Homes

1761 SIESTA DR & 1760 WISCONSIN LN

SARASOTA , FL 34239

MLS#: A4688518

$2,400,000

Status: Active
Listing number: A4688518
Listing provided by: COLDWELL BANKER REALTY
Listing agent phone: None
Last update: an hour ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1984

Sq.Footage

4,435

7 Rentable Units | 10 Bed, 8 Bath Income Property – Prime Siesta Key Location Exceptional opportunity to acquire a high-performing multifamily investment just minutes from world-renowned Siesta Key Beach. Positioned on Siesta Drive—the gateway to Siesta Key—this offering includes two adjacent triplexes on separate parcels, with the potential to expand to 8 units. Currently 7 rented and rentable units. The property features a diverse unit mix of 1BR, 2BR, 3BR, and studio layouts, designed to maximize rental income and appeal to both long-term tenants and short-term vacation renters. Zoned for weekly rentals (7-day minimum) within city limits, the asset benefits from strong, proven income performance, including established Airbnb 5-star hosting history. Extensive capital improvements have been completed, including newer roofs (2016–2017), updated siding, modern A/C systems, hot water heaters (2021+), appliances, exterior plumbing, fencing, and security lighting with cameras. The property is professionally landscaped and offers on-site laundry, with the ability to add private laundry to each unit. Tenants pay utilities, supported by 7 separate water and electric meters, minimizing owner expenses and enhancing net operating income. Ideally located just blocks from the North Bridge and within walking distance to shopping, dining, and daily conveniences. Situated in an X flood zone, means no flood insurance is required and Level D evacuation zone. The property offers ample on-site parking for up to 17 vehicles, with additional space for boats, kayaks, and recreational equipment. Offering includes both parcels (must be sold together): 1761 Siesta Dr & 1760 Wisconsin Ln Investment Highlights: ~7.45% Cap Rate Under $20K Annual Expenses Projected Gross Income: $175K–$200K+ Significant Upside Potential Do not disturb tenants. Showings by appointment only; listing agent must accompany all showings.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Central, Electric

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block, Concrete

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.29

  • Property Type

    Commercial Sale

  • Property Sub Type

    Mixed Use

Price

  • Sales Price

    $2,400,000

  • Tax Amount

    $9,328

  • Sq. Footage

    4, 435

  • Price/SqFt

    $541

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Foundation Details

    Block

  • Ownership

    Fee Simple

  • Sewer

    Public Sewer

  • Tax Lot

    25

  • Water Source

    Public

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Location

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Sarasota

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Listing Courtesy of Danielle Dietrich, PA , COLDWELL BANKER REALTY

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent Michael Graf

Business Coach | Executive Sales Associate | Realtor®

Michael Graf

Call Michael today to schedule a private showing.

(941) 315-6980

michael@thegrafgroupvip.com


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7 Rentable Units | 10 Bed, 8 Bath Income Property – Prime Siesta Key Location Exceptional opportunity to acquire a high-performing multifamily investment just minutes from world-renowned Siesta Key Beach. Positioned on Siesta Drive—the gateway to Siesta Key—this offering includes two adjacent triplexes on separate parcels, with the potential to expand to 8 units. Currently 7 rented and rentable units. The property features a diverse unit mix of 1BR, 2BR, 3BR, and studio layouts, designed to maximize rental income and appeal to both long-term tenants and short-term vacation renters. Zoned for weekly rentals (7-day minimum) within city limits, the asset benefits from strong, proven income performance, including established Airbnb 5-star hosting history. Extensive capital improvements have been completed, including newer roofs (2016–2017), updated siding, modern A/C systems, hot water heaters (2021+), appliances, exterior plumbing, fencing, and security lighting with cameras. The property is professionally landscaped and offers on-site laundry, with the ability to add private laundry to each unit. Tenants pay utilities, supported by 7 separate water and electric meters, minimizing owner expenses and enhancing net operating income. Ideally located just blocks from the North Bridge and within walking distance to shopping, dining, and daily conveniences. Situated in an X flood zone, means no flood insurance is required and Level D evacuation zone. The property offers ample on-site parking for up to 17 vehicles, with additional space for boats, kayaks, and recreational equipment. Offering includes both parcels (must be sold together): 1761 Siesta Dr & 1760 Wisconsin Ln Investment Highlights: ~7.45% Cap Rate Under $20K Annual Expenses Projected Gross Income: $175K–$200K+ Significant Upside Potential Do not disturb tenants. Showings by appointment only; listing agent must accompany all showings.

1761 SIESTA DR & 1760 WISCONSIN LN

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