
$990,000
170 Roosevelt Drive
Sarasota, FL 34236
Listing updated: April 22, 2026 at 9:57 AM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
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.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history169 days on market
- Status: ActiveNov 4, 2025
- Listed$1,600,000Nov 4, 2025
- Price reduced$990,000
Facts & features
- Property type
- Residential Income
- Sub type
- Triplex
- Status
- Active
- Days on market
- 169
- Subdivision
- Pelican Gardens
- County
- Sarasota
- Year built
- 1955
- Living area
- 294 sq ft
- Price/sq ft
- $3,367
- Building area
- 882 sq ft (Public Records)
- Lot size
- 39,183 sq ft
- Lot category
- 1/2 to less than 1
- Flood zone
- AE (12115C0137G)
- Annual taxes
- $21,500 (2024)
- Parcel #
- 2016144010
- Zoning
- RMF3
- MLS #
- A4670924
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Interior Details
- Bedrooms
- 0
- Interior features
- Ceiling Fans(s), Open Floorplan, Solid Wood Cabinets, Stone Counters, Thermostat, Window Treatments
- Laundry
- Inside
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
HOA & Financial
- HOA fee
- $595 / Monthly
- Monthly HOA
- $595/mo
- Total monthly fees
- $595/mo
- Total annual fees
- $7,140
- HOA name
- PMI Capstone
- CDD
- No
- Min lease term
- 1 Week
- Listing terms
- Cash, Conventional
- Ownership
- Condominium
- Available for lease
- Yes
- Lease restrictions
- Yes
- Additional lease restrictions
- Check HOA Docs
- Approval process
- Check HOA Docs
Exterior & Construction
- Exterior features
- Courtyard, Fence, Garden, Storage
- Construction materials
- Block
- Roof
- Shingle
- Foundation
- Slab
- Road surface
- Asphalt, Concrete
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Public
Community
- Pets allowed
- No
Listing Details
- Listing date
- 2025-11-04
- On market date
- 2025-11-04
- Original list price
- $1,600,000
- Occupant type
- Tenant
- MLS area
- 34236 - Sarasota
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2025-11-04
- Tax legal description
- UNIT 10,11,12 PELICAN GARDENS
Flood risk
FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
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.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of April 22, 2026 at 9:57 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA