Listing provided courtesy of RE/MAX ALLIANCE GROUPas Distributed by MLSGrid- MLS# MFRA4670924MLS Provider

170 ROOSEVELT DRIVE #10SARASOTA, FL 34236

Multi-Family · 294 Sq. ft. | 0.90 Acres
$1,300,000 Active

170 ROOSEVELT DRIVE #10 Overview

Time on Site:
238 days
Visits:
0

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.

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170 ROOSEVELT DRIVE #10 Facts & Features

  • Type Multi-Family
  • Sq. ft. 294
  • Price/Sq.ft. $4,422
  • Lot 0.90 Acres

Details

General

Association/HOA

  • Association Fee: 595
  • Association Fee Frequency: Monthly
  • Association Name: PMI Capstone
  • Association: Yes

Income/Expenses

  • Gross Income: 192350

Building Information

  • New Construction: No
  • Year Built: 1955

Location/Region

  • Country: US
  • County Or Parish: Sarasota
  • MLS Area Major: 34236 - Sarasota
  • Subdivision Name: PELICAN GARDENS
  • Township: 36S

Tax Information

  • Tax Annual Amount: 21500
  • Tax Year: 2024

General Information

  • Listing Terms: Cash,Conventional
  • Ownership: Condominium
  • Parcel Number: 2016144010
  • Pets Allowed: No
  • Property Condition: Completed
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None
  • Zoning: RMF3

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Total: 4
  • Bedrooms Total: 0

Building Interior

  • Building Area Source: Public Records
  • Building Area Total: 1176
  • Building Area Units: Square Feet

General Information

  • Cooling: Central Air
  • Fireplace: No
  • Foundation Details: Slab
  • Heating: Central
  • Interior Features: Ceiling Fans(s),Open Floorplan,Solid Wood Cabinets,Stone Counters,Thermostat,Window Treatments
  • Laundry Features: Inside
  • Living Area: 294
  • Living Area Source: Public Records
  • Living Area Units: Square Feet

Unit Information

  • Unit Number: 10

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Acres: 0.9
  • Lot Size Square Feet: 39183
  • Road Surface Type: Asphalt,Concrete
  • Water Source: Public

Waterfront/View

  • View: Garden,Trees/Woods
  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Block
  • Roof: Shingle

General Information

  • Carport: No
  • Exterior Features: Courtyard,Fence,Garden,Storage
  • Number Of Units Total: 5
  • Other Structures: Storage
  • Pool Private: No
  • Sewer: Public Sewer
  • Utilities: Public

170 ROOSEVELT DRIVE #10 Neighborhood

Community

34236 (SARASOTA) Demographics

67
Median Age
1,633
Population Density (per sq. mile)
64%
College Educated
$80,761
Estimated Median Income
4,713
Estimated Total Home Owners
2,939
Estimated Total Renters
62% / 38%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data unavailable, School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

170 ROOSEVELT DRIVE #10 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

170 ROOSEVELT DRIVE #10 Market Data

Based on the last 30 days in this zip code

$3,322,032
Average List Price
$1,279
Average Price per Square Foot
52
Properties Sold
266
Average Days on Market
584
Properties for Sale
Calculations provided by Reliance Network

170 ROOSEVELT DRIVE #10 History

Date Event Value Agent
6/25/2026Source: My Florida Regional MLS Price Increase
$1,300,000 31.3%
4/20/2026Source: My Florida Regional MLS Price Reduction
$990,000 -38.1%
11/4/2025Source: My Florida Regional MLS Added to Database
November 04, 2025
10/14/2022Source: My Florida Regional MLS Added to Database
October 14, 2022
10/14/2022Source: My Florida Regional MLS Added to Database
October 14, 2022