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About This Home
This 0-bedroom, 0-bathroom residential multi family at 170 ROOSEVELT DRIVE in SARASOTA, FL is listed for $1,600,000 ($5,442 per sqft). Built in 1955, the home offers 294 sqft of living space on a 0.90 acres lot.
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 | W
H < 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.
Key Features
- Built in 1955
- 0.90 acre lot
Property Details
Monthly Cost Estimate
$8,557/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
170 ROOSEVELT DRIVE
SARASOTA, FL 34236
PELICAN GARDENS
Features & Amenities
Interior Features
Exterior Features
Property Details
Construction
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 170 ROOSEVELT DRIVE is listed at $1,600,000 ($5,442/sqft). The estimated monthly payment is $6,933 based on 20% down at 6.5% interest.
Key features include: Built in 1955, 0.90 acre lot. Interior Features: Ceiling Fans(s), Open Floorplan, Solid Wood Cabinets. Exterior Features: Courtyard, Fence, Garden.
This property is listed by Joey Lamielle and can be reached at 9413500016 or Joeylamielle@gmail.com.




























