Lido Key Income-Producing
For Sale
$1,300,000
170 ROOSEVELT Dr 10, Sarasota, FL 34236
Turnkey short-term rental portfolio on South Lido Key.
Property Size294 SF
Days on Market132
Property Features for 170 ROOSEVELT Dr 10
General Information
Standard status
Active
Size
294 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$21,500
Building Details
Building Size
294 SF
Year Built
1955
Units
5
Listing Agency:
RE/MAX ALLIANCE GROUP
Listed By:
Joey Lamielle · License #3266793
(941) 350-0016
Source:
Elliman
Added: Apr 24
Changed: Aug 23
Last Checked: Sep 1 at 10:45PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
145
Businesses Nearby
Explore this area
Business Placement
Demographics for 34236, FL
14,083
Population
11,661
Households
1.2
Avg Household Size
66
Median Age
62%
College-Educated
96%
High-School Grad
3.6 sq mi
ZIP Area
3,912
Density / Sq Mi
$96,400
Median Household Income
$48,828
Median Earnings
$2,010
Median Rent
$917,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
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 $1,300,000.
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.
