Siesta Key Multifamily Investment
1761 SIESTA DR & 1760 WISCONSIN LN, Sarasota, FL 34239
Income property near Siesta Key Beach with expansion potential.
Type:Commercial
Property size:
4,435 SFPrice / SF:
$541/SF- Added:
- Apr 3, 2026
- Days on Market:
- 61
- Last Refresh:
- Apr 3 at 8:08 pm
Property Features for 1761 SIESTA DR & 1760 WISCONSIN LN
General Information
- Standard status
- Active
- Size
- 4,435 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1984
Listing agent DANIELLE DIETRICH, PA
Listing office COLDWELL BANKER REALTY (941) 366-8070
Listing date Apr 3, 2026
Source Corcoran
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 COLDWELL BANKER REALTY
HighLights
- Prime Siesta Key location, minutes from the beach, offering strong rental income potential.
- High‑performing multifamily investment with a diverse unit mix and established Airbnb 5‑star hosting history.
- Zoned for weekly rentals (7‑day minimum) within city limits.
- Extensive capital improvements completed, including newer roofs, updated siding, modern A/C systems, and hot water heaters.
- Low owner expenses due to tenants paying utilities via 7 separate meters.
- Located in an X flood zone (no flood insurance required) and Level D evacuation zone, with ample parking for 17 vehicles plus boats/kayaks.
Overview
This multifamily investment opportunity is located minutes from Siesta Key Beach. Situated on Siesta Drive, the gateway to Siesta Key, the offering includes two adjacent triplexes on separate parcels, with the potential to expand to 8 units. Currently, there are 7 rented and rentable units. The property features a diverse unit mix of 1BR, 2BR, 3BR, and studio layouts, designed to maximize rental income and appeal to both long-term tenants and short-term vacation renters. Zoned for weekly rentals (7-day minimum) within city limits, the asset benefits from strong, proven income performance, including an established Airbnb 5-star hosting history. Extensive capital improvements have been completed, including newer roofs (2016–2017), updated siding, modern A/C systems, hot water heaters (2021+), appliances, exterior plumbing, fencing, and security lighting with cameras. The property is professionally landscaped and offers on-site laundry, with the ability to add private laundry to each unit. Tenants pay utilities, supported by 7 separate water and electric meters. The property is located just blocks from the North Bridge and within walking distance to shopping, dining, and daily conveniences. Situated in an X flood zone, no flood insurance is required and it is a Level D evacuation zone. The property offers ample on-site parking for up to 17 vehicles, with additional space for boats, kayaks, and recreational equipment. The property size is 4435 square feet.
Location Intelligence
Current Use by Public Records
Short term rental ...
Location Insight
- Map
- Local Demand
- City
- Sarasota
- County
- Manatee
- State
- Florida
- Longitude
- -82.5353423
- Latitude
- 27.3037452
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Income property near Siesta Key Beach with expansion potential.
Where is this apartment building located?
The property is located at 1761 SIESTA DR & 1760 WISCONSIN LN Sarasota, FL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Prime Siesta Key location, minutes from the beach, offering strong rental income potential.; High‑performing multifamily investment with a diverse unit mix and established Airbnb 5‑star hosting history.; Zoned for weekly rentals (7‑day minimum) within city limits.
