Features & Amenities

Interior

  • Other Interior Features

    Open Floorplan, Stone Counters

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Central

  • Pet friendly

    No

Exterior

  • Garage

    No

  • Construction Materials

    Block

  • Other Exterior Features

    Courtyard, Garden, Storage

  • Pool

    No

  • Waterfront YN

    NO

  • View

    Garden, Trees/Woods

Area & Lot

  • Lot Size(acres)

    0.9

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

Price

  • Sales Price

    $1,600,000

  • Tax Amount

    $21,500

  • Sq. Footage

    294

  • Price/SqFt

    $5,442

HOA

  • Association

    Yes

  • Association Fee

    $595

  • Association Fee Frequency

    Monthly

  • Association Fee Includes

    N/A

  • Total Monthly Fees

    $595

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Foundation Details

    Slab

  • Ownership

    Condominium

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    6

  • Water Source

    Public

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Location

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Elementary School

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Listing Courtesy of Joey Lamielle , RE/MAX ALLIANCE GROUP

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Rare Income-Producing Portfolio on South Lido Key – 5 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 five 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 $113,255 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 2 – Updated | AC ~4 yrs | WH < 6 yrs
• Unit 6 – Updated | AC ~4 yrs | WH < 6 yrs 
• 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.

5 units. One unbeatable coastal investment. Opportunities like this do not come around often.

170 ROOSEVELT DRIVE 6

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