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Active Residential

170 ROOSEVELT DRIVE 10

Sarasota, FL 34236

STELLAR #A4670924 Updated: Jun 26, 2026, 9:38am
$1,300,000
0 Beds • 4 Baths • 294 SqFt
Property
ActiveResidential
1/27
$1,300,000

170 ROOSEVELT DRIVE 10

Sarasota, FL 34236
0
Beds
4
Baths
294
SqFt
0.9
Acres
STELLAR
#A4670924
Updated: Jun 26, 2026, 9:38am

Property Description

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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Property Details

Highlights
View
Yes
Interior
Building Area Total
1176
Cooling
Central Air
Heating
Central
Interior Features
Ceiling Fan(s)Open FloorplanSolid Wood CabinetsStone CountersThermostatWindow Treatments
Laundry Features
Inside
Living Area
294
Construction
Building Area Source
Public Records
Building Area Units
Square Feet
Construction Materials
Block
Foundation Details
Slab
Living Area Source
Public Records
Living Area Units
Square Feet
Num Timesper Year
52
Number Of Units Total
5
Property Condition
Completed
Roof
Shingle
Year Built
1955
Site & Exterior
Exterior Features
CourtyardFencedGardenStorage
Flood Zone Code
AE
I D X Participation
Yes
Lot Size Acres
0.9
Lot Size Area
39183
Lot Size Square Feet
39183
Lot Size Units
Square Feet
Other Structures
Storage
Public Survey Range
17E
Public Survey Section
35
Road Surface Type
AsphaltConcrete
Sewer
Public Sewer
Total Acreage
1/2 to less than 1
Utilities
Public
View
GardenTrees/Woods
Water Source
Public
Zoning
RMF3
Financials
Association Fee
595
Association Fee Frequency
Monthly
Calculated List Price By Calculated Sq Ft
4421.77
Contract Status Change Date
2025-11-04
Current Price
1300000
Existing Lease Type
Other
Feed Types
BBO
Lease Considered
Yes
Minimum Lease
1 Week
Monthly H O A Amount
595
Owner Name
ON REC ORD
Ownership
Condominium
Parcel Number
2016144010
Public Survey Township
36S
Tax Annual Amount
21500
Tax Book Number
12-7
Tax Legal Description
UNIT 10,11,12, 6 PELICAN GARDENS
Tax Lot
10
Tax Year
2024
Total Annual Fees
7140
Total Monthly Fees
595

Neighborhood & Lifestyle

Community & Association
Additional Lease Restrictions
Check HOA Docs
Association Fee Requirement
Required
Association Name
PMI Capstone
Association Phone
9415548838
Association U R L
View Link
Lease Restrictions
Yes
M L S Area Major
34236 - Sarasota
S W Subdiv Community Name
Pelican Gardens
Subdivision Name
PELICAN GARDENS
Listing provided courtesy of STELLAR via IDX. Updated: Jun 26, 2026, 9:38am.
Joey Lamielle

Listing Agent

RE/MAX ALLIANCE GROUP

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