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170 ROOSEVELT DRIVE 6 Sarasota, FL $ 1,600,000
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$ 1,600,000 Get more info
170 ROOSEVELT DRIVE 6
$ 1,600,000
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170 ROOSEVELT DRIVE 6

Sarasota, FL, 34236
$ 1,600,000
Baths5.0 Sq 294

Monthly Estimate*

$ 9,982

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Studio

Multi-Family Home for sale in Sarasota, FL

for $1,600,000 with 5 full baths. This 294 square foot home was built in 1955 on a lot size of 0.9.

Rare 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 Sarasota’s 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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Multi-Family Active

Price

$ 1,600,000

Bedrooms

Studio

Full Bath

5

Property Type

Multi-Family

Taxes

$ 21,500

Style

Multi Family

Lot Size

0.9

Year Built

1955

Town/City

Sarasota

County/Region

Sarasota

MLS | Web ID

A4670924
Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Public
Roof Shingle
Zoning RMF3
HOA Fee 595
Construction Materials Block
Pets Allowed No
Year Built 1955
View Garden Trees/Woods
Unit Number 6
Property Subtype Multi Family
Tax Year 2024
Ownership Condominium
Gross Income 192350
Assoc Fee Paid Per Monthly
County Sarasota
New Construction false
Property Type Residential Income
Subdivision Name PELICAN GARDENS
Garage Y/N false
Other Structures Storage
Status Active
Directions Once you are on Lido go around the circle and take the second exit heading to the beach. Stay on that road past beach and turn left on Roosevelt Dr and community is on the right.
City SARASOTA
Association Name PMI Capstone
Senior Community Y/N false
Number Of Units Total 5
MLS Area 34236 - Sarasota
Lot Size Units Square Feet
Lot Size Square Feet 39183
Carport Y/N false
Listing Terms Cash Conventional
Land Lease Y/N false
Tax Annual Amount 21500
Property Condition Completed
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4670924
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 6
Legal Description UNIT 6 2 10 11 12 PELICAN GARDENS
Minimum Lease 1 Week
Water Access Y/N false
Monthly HOA Amount 595
Water View Y/N false
Flood Zone Code AE
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Interior
Interior Amenities Ceiling Fan(s) Open Floorplan Solid Wood Cabinets Stone Counters Thermostat Window Treatments
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Inside
Total Bedrooms 0
Total Baths 5
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Exterior
Exterior Amenities Courtyard Fenced Garden Storage
Water Source Public
Lot Size Area 39183
Foundation Details Slab
Number of Buildings 5
Building Area Total 1470
Lot Size Acres 0.9
Road Surface Type Asphalt Concrete
Private Pool false
Waterfront Y/N false
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* Excluded Features
List By
Re/Max Alliance Group

Broker

Joeylamielle@gmail.com

Email

Affordability Calculator

$11,774
Per Month
85%
15%
0%
Monthly Principal & Interest
$9,982
Monthly Property Taxes
$1,792
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
12/19/2025 $1,600,000 Listed Price

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170 ROOSEVELT DRIVE 6, Sarasota, FL, 34236 is a Multi-Family Home for sale at $1,600,000 with 294 sqft and a lot size of 0.9. 170 ROOSEVELT DRIVE 6 is a studio with 5.0 baths and was built in 1955. The property's zip code is 34236 which is in Sarasota, FL

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