170 ROOSEVELT DRIVE 10, SARASOTA, FL 34236
PELICAN GARDENS · Sarasota County
Key Facts
Description
Rare Income-Producing Portfolio on South Lido Key – 4 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 4 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 $85804 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 Unit 6 - Updated AC is 3 years and WH is 3 years 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. 4 units. One unbeatable coastal investment. Opportunities like this do not come around often.
Property Information
Property Type
Residential Income
Sub-Type
Triplex
Year Built
1955
Living Area
1,176 sq ft
Lot Size
0.90 acres
Ownership
Condominium
Zoning
RMF3
Days on Market
234
MLS® Listing#
A4670924
Property Features
Interior
Exterior
Cooling
Heating
Laundry
Construction
Foundation
Roof
Other Structures
Sewer
Water Source
Financial Details
HOA
$595 / Monthly
PMI Capstone
Annual Taxes
$21,500
Tax year 2024
Parcel Number
2016144010
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.
Affordability Calculator
$260,000
Estimated monthly payment
$6,919/mo
Principal $1,040,000 · Est. interest $1,450,893 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in SARASOTA, FL
- $578,029
- Median Listing Price
- 100
- Median Days on Market
- 1,680
- Median Sq Ft
- $325
- Median Price / Sq Ft
- 2,637
- Active Listings
- This home’s price is 125% above the area median.
- Its price per sq ft is 240% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in SARASOTA, FL.
Location
Points of Interest in SARASOTA, FL
Showing the SARASOTA area map.
Nearby Schools
The Out-of-Door Academy
School · 1.7 mi away
Southside Elementary School
Elementary · 2.4 mi away
Newtosha Studio
School · 2.6 mi away
Achievement Center
School · 2.8 mi away
Sarasota High School
Secondary · 2.9 mi away
Brookside Middle School
Secondary · 2.9 mi away
Sarasota School of Arts and Sciences
Secondary · 2.9 mi away
Ringling College of Art and Design
Secondary School · 3.0 mi away
First Presbyterian Preschool
Elementary · 3.1 mi away
Trinity Preschool Sarasota
School · 3.1 mi away
Phillippi Shores Elementary School
Elementary · 3.1 mi away
Suncoast School
Elementary · 3.1 mi away
Sarasota County Schools
School · 3.2 mi away
Education Foundation
Elementary · 3.2 mi away
Westcoast Center
School · 3.3 mi away
Alta Vista Elementary School
Elementary · 3.4 mi away
Angel's Friend Child Development
School · 3.5 mi away
Community Day School
School · 3.6 mi away
Agape Christian School
School · 3.7 mi away
Riverview High School
Secondary · 3.7 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 7712 MOONBEAM AVENUE, SARASOTA, FL | $914,990 | 3 | 4 | 2,399 |
| 12571 NIGHT VIEW DRIVE, SARASOTA, FL | $919,500 | 5 | 4 | 3,092 |
| 3524 S SCHOOL AVENUE, SARASOTA, FL | $925,000 | 4 | 2 | 3,037 |
| 988 BLVD OF THE ARTS 1816, SARASOTA, FL | $925,000 | 2 | 2 | 1,555 |
| 4511 TUSCANA DRIVE, SARASOTA, FL | $925,000 | 4 | 3 | 2,874 |
| 33 S PALM AVENUE 902, SARASOTA, FL | $929,000 | 2 | 2 | 1,397 |
Moving Cost Estimate
EXIT Agents in SARASOTA
Listing Courtesy: RE/MAX ALLIANCE GROUP - 941-954-5454
Last Updated: 2025-11-04