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About This Home

This 0-bedroom, 0-bathroom multi-family at 170 ROOSEVELT DRIVE in Sarasota, FL is listed for $990,000 ($3,367 per sqft). Built in 1955, the home offers 294 sqft of living space on a 0.90 acres lot.

Agent Description

Rare Income-Producing Portfolio on South Lido Key – 3 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 3 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 $77,953 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 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. 3 units. One unbeatable coastal investment. Opportunities like this do not come around often.

Key Features

  • Built in 1955
  • 0.90 acre lot

Property Details

#10
1955

AI Property Insights

Extracted from listing description

Income Potential

Airbnb/Vacation Rental - Fully operating short-term rental portfolio of 5 updated studio units, actively listed on Airbnb with proven performance and strong guest demand (2024 gross income averaging $38,470 per unit; portfolio-wide net income of $113,255 after HOA, taxes, utilities, and cleaning expenses)

Luxury Finishes

Solid Wood Cabinets, Stone Counters

Outdoor Amenities

sliding glass access private patios

Renovations

Recently Renovated - Interiors updated over the years; recent A/C and hot water tank replacements (AC 2-4 yrs, WH <3-6 yrs)

Location Features

beachside community, steps from two direct beach access points

Monthly Cost Estimate

$5,295/mo

20% down · 6.5% · 30 years

Principal$716
Interest$4,290
Insurance$289

Estimates only. Actual payments may vary.

Location

170 ROOSEVELT DRIVE

Sarasota, FL 34236

PELICAN GARDENS

Features & Amenities

Interior Features

Ceiling Fans(s)Open FloorplanSolid Wood CabinetsStone CountersThermostatWindow Treatments

Exterior Features

CourtyardFenceGardenStorage

Property Details

Construction

Block

Heating

Central

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 170 ROOSEVELT DRIVE is listed at $990,000 ($3,367/sqft). The estimated monthly payment is $4,290 based on 20% down at 6.5% interest.

Key features include: Built in 1955, 0.90 acre lot. Interior Features: Ceiling Fans(s), Open Floorplan, Solid Wood Cabinets. Exterior Features: Courtyard, Fence, Garden.

This property is listed by Joey Lamielle and can be reached at 9413500016 or Joeylamielle@gmail.com.

JL

Joey Lamielle

Agent at RE/MAX ALLIANCE GROUP

(941) 350-0016

Listed by RE/MAX ALLIANCE GROUP · View on Broker Site

MLS# A4670924· Source: listhub· Updated 209 days ago

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

170 ROOSEVELT DRIVE, Sarasota, FL 34236

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