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- 170 Roosevelt Drive 6, SARASOTA, FL 34236
- MLS#: A4670924 ( Residential Income )
- Street Address: 170 Roosevelt Drive 6
- Viewed: 172
- Price: $1,600,000
- Price sqft: $1,088
- Waterfront: No
- Year Built: 1955
- Bldg sqft: 1470
- Total Baths: 5
- Days On Market: 69
- Additional Information
- Geolocation: 27.3084 / -82.5713
- County: SARASOTA
- City: SARASOTA
- Zipcode: 34236
- Subdivision: Pelican Gardens
- Provided by: RE/MAX ALLIANCE GROUP
- Contact: Joey Lamielle
- 941-954-5454

- DMCA Notice
-
DescriptionRare 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 Sarasotas 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.
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Property Features
Home Owners Association Fee
- 595.00
Association Name
- PMI Capstone
Association Phone
- 9415548838
Carport Spaces
- 0.00
Close Date
- 0000-00-00
Cooling
- Central Air
Country
- US
Covered Spaces
- 0.00
Exterior Features
- Courtyard
- Fence
- Garden
- Storage
Garage Spaces
- 0.00
Heating
- Central
Insurance Expense
- 0.00
Interior Features
- Ceiling Fans(s)
- Open Floorplan
- Solid Wood Cabinets
- Stone Counters
- Thermostat
- Window Treatments
Legal Description
- UNIT 6
- 2
- 10
- 11
- 12 PELICAN GARDENS
Living Area
- 294.00
Area Major
- 34236 - Sarasota
Net Operating Income
- 0.00
Occupant Type
- Tenant
Open Parking Spaces
- 0.00
Other Expense
- 0.00
Other Structures
- Storage
Parcel Number
- 2016144006
Pets Allowed
- No
Property Condition
- Completed
Property Type
- Residential Income
Roof
- Shingle
Sewer
- Public Sewer
Tax Year
- 2024
Township
- 36S
Utilities
- Public
View
- Garden
- Trees/Woods
Views
- 172
Virtual Tour Url
- https://www.propertypanorama.com/instaview/stellar/A4670924
Water Source
- Public
Year Built
- 1955
Zoning Code
- RMF3
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Listings provided courtesy of The Hernando County Association of Realtors MLS.
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Datafeed Last updated on January 13, 2026 @ 12:00 am
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