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About This Home
This 6-bedroom, 0-bathroom multi-family at 5228 CALLE MENORCA in SARASOTA, FL is listed for $2,890,000 ($1,446 per sqft). Built in 1965, the home offers 1,998 sqft of living space on a 0.11 acres lot.
Discover an exceptional income-generating property in the heart of coveted Siesta Key! This fully renovated multi-unit compound features two spacious 3-bedroom, 2-bathroom units (one upstairs, one downstairs), with an impressive $393,000 gross income in 2023 and $350,000 in 2024 (despite hurricane-related downtime), this turnkey investment provides immediate cash flow.
The property boasts recent upgrades including brand-new AC (2025), updated flooring (2024-2025), modernized plumbing (2024), electrical (2022), and refreshed hot tubs (2021). What sets this opportunity apart is its CG zoning with a special exemption for nightly rentals—a rare advantage that not only protects your rental business but also unlocks significant development potential.
Future possibilities include constructing an 85-foot building with ground-floor parking, 11 two-bedroom units, and a stunning rooftop pool. Whether you're seeking a high-performing Airbnb rental portfolio or a strategic redevelopment opportunity in one of Florida's most desirable beach destinations, this property delivers both immediate income and long-term appreciation potential.
Absentee owner managed; turnkey operation available at on a 10% management fee with all staff staying in place. Can by purchased as a portfolio along with 6550 Sabal Drive.
Key Features
- Built in 1965
- 0.11 acre lot
- Private pool
Property Details
Amenities
Monthly Cost Estimate
$15,456/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
5228 CALLE MENORCA
SARASOTA, FL 34242
SARASOTA BEACH
Features & Amenities
Interior Features
Exterior Features
Property Details
Construction
Heating
Cooling
Questions & Answers
This 6-bedroom, 0-bathroom multi-family at 5228 CALLE MENORCA is listed at $2,890,000 ($1,446/sqft). The estimated monthly payment is $12,523 based on 20% down at 6.5% interest.
Key features include: Built in 1965, 0.11 acre lot, Private pool. Interior Features: Primary Bedroom Main Floor, Sauna. Exterior Features: Lighting, Outdoor Grill, Outdoor Shower.
This property is listed by Steven Koleno and can be reached at 8442392663 or contact@beycome.com.