• $990,000List Price
  • ActiveStatus
  • 27Number of Photos
  • 27.308397Latitude
  • 170 Roosevelt DriveAddress
  • Roosevelt DriveStreet
  • 10Unit Number
  • SarasotaTown
  • FLState
  • 34236Zip
  • SarasotaCounty
  • Residential IncomeProperty Type
  • A4670924MLS Number
  • 294Square Feet
  • 1955Year Built
  • 0.9Acreage

Listing Tools

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: o Unit 10 - Updated | AC ~2 yrs | WH < 6 yrs o Unit 11 - Updated | AC ~3 yrs | WH < 3 yrs o 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.

Location

Listings courtesy of StellarMLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of May 15, 2026 4:04 PM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement.

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