$2,550,000
5228 Calle Menorca
Sarasota, FL 34242
Listing updated: September 10, 2026 at 12:24 PM ET
Listing courtesy of People'S Trust Realty · Steve Fingerman · MLS #TB8541886 · Active · 727-946-0904Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Discover an exceptional income producing property in the heart of coveted Siesta Key. This fully renovated multi unit compound features two spacious 3 bedroom, 2 bathroom units, one upstairs and one downstairs, making it ideal for short term rental investors. The current owner is available to continue managing the property for the next owner at only a 10 percent fee, offering a seamless, turnkey transition. The property generated $393,000 in gross income in 2023, $350,000 in 2024 (with two months of downtime due to hurricane impact), and $308,977 in 2025 (still down from hurricane related effects), with 2026 year to date income of $214,000 through July, offering strong and proven cash flow. Recent improvements include new AC (2025), updated flooring (2024 to 2025), modernized plumbing (2024), electrical upgrades (2022), and refreshed hot tubs (2021). What truly sets this property apart is its Commercial General (CG) zoning with a special exemption allowing nightly rentals, a rare and highly valuable designation on Siesta Key that protects the short term rental use. This zoning also unlocks significant redevelopment potential, including the possibility to construct an approximately 85 foot building with ground floor parking, 11 two bedroom units, and a rooftop pool. Property is part of a very successful Airbnb portfolio consisting of three duplexes with cap rates exceeding 10 percent. Please inquire for details.
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 history14 days on market
- Status: ActiveAug 27, 2026
- Listed$2,690,000Aug 27, 2026
- Price reduced$2,550,000
Facts & features
- Property type
- Residential
- Sub type
- Half Duplex
- Status
- Active
- Days on market
- 14
- Subdivision
- Sarasota Beach
- County
- Sarasota
- Year built
- 1965
- Living area
- 2,050 sq ft
- Price/sq ft
- $1,244
- Lot size
- 4,565 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- AE (12115C0139G)
- Pool
- Private pool
- Annual taxes
- $13,996 (2025)
- Parcel #
- 0080170029
- Zoning
- CG
- MLS #
- TB8541886
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Interior Details
- Bedrooms
- 6
- Full bathrooms
- 4
- Flooring
- Vinyl
- Appliances
- Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
- Interior features
- Other
- Laundry
- Laundry Room
- Stories / Levels
- Two
- Direction faces
- East
Heating & Cooling
- Heating
- Central, Electric
- Cooling
- Central Air
Parking
- Attached garage
- No
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Min lease term
- No Minimum
- Listing terms
- Cash, Conventional, Owner Financing
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
Exterior & Construction
- Exterior features
- Lighting, Outdoor Grill, Outdoor Shower, Sauna
- Construction materials
- Block, Frame
- Roof
- Shingle
- Foundation
- Slab
- Pool
- Private pool
- Road surface
- Concrete
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Cable Available
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | First | 99x99 |
| Living Room | First | 99x99 |
| Primary Bedroom | First | 99x99 |
Listing Details
- Listing date
- 2026-08-25
- On market date
- 2026-08-27
- Original list price
- $2,690,000
- Occupant type
- Vacant
- MLS area
- 34242 - Sarasota/Crescent Beach/Siesta Key
- Listing AOR
- Suncoast Tampa
- Status changed
- 2026-08-27
- Tax legal description
- LOT 9 LESS S 3 FT THEREOF BLK 15 SARASOTA BEACH
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
From Siesta Village, Ocean Blvd to 4-way stop, left on Canal Rd, immediate right on Calle Menorca. Home 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 September 10, 2026 at 12:24 PM 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.
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