SARASOTA, FL 34236 170 ROOSEVELT DRIVE 6

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Presented By: RE/MAX ALLIANCE GROUP with 941-954-5454. - 941-954-5454
  • MLS# A4670924
  • 11/04/2025
  • Request Tour
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Disclaimer: The information contained in this listing has not been verified by Homepride Group at EXP Realty and should be verified by the buyer.
  • Baths • 5
  • SQFT • 294

Home Details

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.
Presented By: RE/MAX ALLIANCE GROUP with 941-954-5454. - 941-954-5454

Interior Features for 170 ROOSEVELT DRIVE 6

Bedrooms

Total Bedrooms

Bathrooms

Total Baths5

Other Interior Features

LivingAreaSourcePublic Records
Air Conditioning Y/NYes
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesCeiling Fan(s), Open Floorplan, Solid Wood Cabinets, Stone Counters, Thermostat, Window Treatments
Laundry FeaturesInside

General for 170 ROOSEVELT DRIVE 6

Additional Parcels Y/NNo
Assoc Fee Paid PerMonthly
Association NamePMI Capstone
Building Area UnitsSquare Feet
Carport Y/NNo
CitySARASOTA
Construction MaterialsBlock
CoolingCentral Air
CountySarasota
DirectionsOnce 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.
Flood Zone CodeAE
Garage Y/NNo
Gross Income192350
HOA Fee$595
HeatingCentral
Land Lease Y/NNo
Lease Considered Y/NYes
Legal DescriptionUNIT 6, 2, 10, 11, 12 PELICAN GARDENS
Listing TermsCash, Conventional
Living Area UnitsSquare Feet
Lot Size Square Feet39183
Lot Size UnitsSquare Feet
MLS Area34236 - Sarasota
Minimum Lease1 Week
Monthly HOA Amount595
New ConstructionNo
Number Of Units Total5
Occupancy TypeTenant
Other StructuresStorage
OwnershipCondominium
Pets AllowedNo
Property ConditionCompleted
Property SubtypeMulti Family
Property TypeResidential Income
RoofShingle
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NamePELICAN GARDENS
Tax Annual Amount21500
Tax Lot6
Tax Year2024
Unit Number6
UtilitiesPublic
ViewGarden, Trees/Woods
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1955
ZoningRMF3

Exterior for 170 ROOSEVELT DRIVE 6

Building Area Total1470
Exterior AmenitiesCourtyard, Fenced, Garden, Storage
Foundation DetailsSlab
Lot Size Acres0.9
Lot Size Area39183
Number of Buildings5
Private PoolNo
Road Surface TypeAsphalt, Concrete
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Steven Pugh

Broker Associate | Team Leader
Price $1,600,000
MLS#A4670924
List Date 11/04/2025
Property Type Income
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Request Info
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