170 Roosevelt Drive, FL
Stellar MLS

$990,000

170 Roosevelt Drive

Sarasota, FL 34236

Listing updated: April 22, 2026 at 9:57 AM ET

Active
0
Beds
3
Baths
294
Sq Ft
0.9
Acres
1955
Built
$3,367/sqft360° tour
Triplex

Property type

1955

Year built

39,183 sqft

Lot size

$3,367

Price / sq ft

$595/mo

HOA dues

169

Days on market

AE

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

Principal & interest$5,006
Property taxes$1,792
Home insurance (est.)$454
HOA dues$595

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

  1. Status: Active
    Nov 4, 2025
  2. Listed$1,600,000
    Nov 4, 2025
  3. 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

High riskFEMA Zone AEPanel 12115C0137G

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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MLS GRID

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