Lido Key Income-Producing Portfolio

170 ROOSEVELT Dr 10, Sarasota, FL 34236

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For Sale

$990,000

Turnkey short-term rental portfolio on South Lido Key.

Type:Investment

HighLights

Income‑producing: Turnkey short‑term rental portfolio averaging $38,470 gross income per unit in 2024.
Prime Location: Steps from two direct beach access points on South Lido Key, and a short ride to St. Armands Circle.
Updated Units: Includes 3 updated studio units within a boutique beachside community.
Cash‑flowing Asset: Portfolio‑wide net income of $77,953 after expenses.
Community Amenities: Features a community pool and private patios with sliding glass access for each unit.
Recent Mechanical Updates: A/C and hot water tanks have been recently replaced across the portfolio.

We can help!

Listing Contact

Joey Lamielle

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For Sale

$990,000

Turnkey short-term rental portfolio on South Lido Key.

Type:Investment

Added:: Apr 24, 2026
Days on Market:: 56
Last Refresh:: Apr 24 at 3:37 pm

Property Features for 170 ROOSEVELT Dr 10

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 1955

We can help!

Listing Contact

Joey Lamielle

Listing agent Joey Lamielle License #3266793

Listing office RE/MAX Alliance Group

Listing date Apr 24, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Alliance Group

HighLights

Income‑producing: Turnkey short‑term rental portfolio averaging $38,470 gross income per unit in 2024.
Prime Location: Steps from two direct beach access points on South Lido Key, and a short ride to St. Armands Circle.
Updated Units: Includes 3 updated studio units within a boutique beachside community.
Cash‑flowing Asset: Portfolio‑wide net income of $77,953 after expenses.
Community Amenities: Features a community pool and private patios with sliding glass access for each unit.
Recent Mechanical Updates: A/C and hot water tanks have been recently replaced across the portfolio.

Overview

This rare income-producing portfolio is located on South Lido Key and includes 3 updated studio units within a boutique beachside community. The property is 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. 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. The property features a community pool and sliding glass access private patios for each unit. Interiors have been updated. Major mechanical systems are in good condition, with recent A/C and hot water tank replacements across the portfolio. Unit 10 has an AC approximately 2 years old and a water heater less than 6 years old. Unit 11 has an AC approximately 3 years old and a water heater less than 3 years old. Unit 12 has an AC approximately 2 years old and a water heater less than 3 years old. The bike score is 76, indicating it is very bikeable. The walk score is 70, indicating it is somewhat walkable. There is no nearby transit.

Location Intelligence

Current Use by Public Records

Short term rental ...

Suggested Use

Location Insight

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Local Demand

City: Sarasota
County: Manatee
State: Florida
Longitude: -82.5709409
Latitude: 27.3086417

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For sale
Short term rental properties
FL
Sarasota
34236
170 ROOSEVELT Dr 10

What type of property is this?

Short term rental property - Turnkey short-term rental portfolio on South Lido Key.

Where is this short term rental property located?

The property is located at 170 ROOSEVELT Dr 10 Sarasota, FL.

What is the asking price?

The asking price for this property is $990,000.

What are key features of this property?

This property features: Income‑producing: Turnkey short‑term rental portfolio averaging $38,470 gross income per unit in 2024.; Prime Location: Steps from two direct beach access points on South Lido Key, and a short ride to St. Armands Circle.; Updated Units: Includes 3 updated studio units within a boutique beachside community.