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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.
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
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
Estimates only. Actual payments may vary.
Location
170 ROOSEVELT DRIVE
Sarasota, FL 34236
PELICAN GARDENS
Features & Amenities
Interior Features
Exterior Features
Property Details
Construction
Heating
Cooling
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.







