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Off market
  • $1,401,300

    145 Cleveland Dr, Sarasota, FL 34236

    --beds
    0baths
    2,515sqft
    Quadruplex
    Built in 1968
    -- sqft lot
    $1,401,300 Zestimate®
    $557/sqft
    $3,077 Estimated rent

    Home value

    $1,401,300

    $1.23M - $1.60M

    $3,077/mo

    Zestimate® history
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    What's special

    Incredible cash flow opportunity! Own a 4-unit investment property with historical charm just a half block to beautiful Lido Beach. Island Dreams Vacation Rentals has been in operation since 2012, with many satisfied repeat guests and season 2021 bookings solidly in place. The new owner can enjoy guaranteed income while establishing themselves in the vacation rental market, by simply taking over the infrastructure already in place - with an opportunity to increase rental returns. Seller will offer buyer support, including providing prior guest info, operational guidance, support staff, and referral of future inquiries. The trade name Island Dreams Vacation Rentals and valuable reviews from a 3rd party listing site can transfer to the new owner. This is a no brainer for immediate cash flow on highly desirable Lido Key! Excellent location right in the heart of Lido Key (the closest island to downtown Sarasota!) - steps to the beach and easy walking distance to both St. Armand's Circle and south Lido park (with its popular kayaking and SUP operators). This property offers 4 rental units in 2 buildings: (1) 2-BR Suite, as well as (3) unique one-BR apartments. The rear building is one of the first structures built on the island (1937), with charming pecky cypress ceilings, pine floors, and stone fireplace - own a slice of Sarasota history! Sale includes all furnishings, décor, kitchen supplies, linens, beach supplies, and seller is offering a 1-year home warranty. Laundry on-site with plenty of parking for your guests (each unit can park 2 cars tandem).

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Originating MLS: Sarasota - Manatee

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Forced air, Wall, Electric
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
    • Laundry: Laundry Closet
    Features
    • Ceiling Fans(s), Living Room/Dining Room Combo, Cathedral Ceiling(s), Master Bedroom Downstairs, Window Treatments, Stone Counters
    • Flooring: Tile, Hardwood
    • Fireplace features: Wood Burning
    Interior area
    • Structure area source: Public Records
    • Total interior livable area: 2,515 sqft

    Property

    Features
    • Levels: Two
    • Patio & porch: Rear Porch, Screened, Side Porch
    • Exterior features: Stucco
    Lot
    • Size: 5,998 Square Feet
    Details
    • Parcel number: 2016110023
    • Zoning: RMF2

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • masonry
    • Foundation: Concrete
    • Roof: Metal
    Condition
    • Completed
    • Year built: 1968

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected, Electricity Connected, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Subdivision: LIDO BEACH DIV B
    Location
    • Region: Sarasota

    Financial & listing details

    • Price per square foot: $557/sqft
    • Tax assessed value: $1,341,000
    • Annual tax amount: $20,384
    • Listing terms: Cash, Conventional
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    7/12/2024Listing removed$1,250,000$497/sqft
    Source: Stellar MLS #A4499887 Report a problem
    5/14/2021Sold$1,250,000$497/sqft
    Source: Public Record Report a problem
    5/5/2021Pending sale$1,250,000+31.6%$497/sqft
    Source: Stellar MLS #A4499887 Report a problem
    11/6/2020Sold$950,000-9.1%$378/sqft
    Source: Stellar MLS #A4476136 Report a problem
    9/21/2020Pending sale$1,045,000$416/sqft
    Source: COLDWELL BANKER REALTY #A4476136 Report a problem
    8/24/2020Listed for sale$1,045,000+0.5%$416/sqft
    Source: COLDWELL BANKER REALTY #A4476136 Report a problem
    4/16/2020Listing removed$1,040,000$414/sqft
    Source: Coldwell Banker Realty - St Armands #A4448363 Report a problem
    3/5/2020Price change$1,040,000-2.3%$414/sqft
    Source: Coldwell Banker Realty - St Armands #A4448363 Report a problem
    1/2/2020Price change$1,065,000-2.7%$423/sqft
    Source: Coldwell Banker Residential Real Estate - St Armands #A4448363 Report a problem
    10/15/2019Listed for sale$1,095,000+173.8%$435/sqft
    Source: COLDWELL BANKER RES R E #A4448363 Report a problem
    10/31/2011Sold$400,000+627.3%$159/sqft
    Source: Public Record Report a problem
    4/26/2004Sold$55,000$22/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$20,384 -3.6%$1,341,000 +1.4%
    2024$21,136 +1.4%$1,322,046 +10%
    2023$20,852 +26%$1,201,860 +10%
    2022$16,551 +31.1%$1,092,600 +38%
    2021$12,624 +15.4%$792,000 +19%
    2020$10,939 -0.2%$665,500 -0.4%
    2019$10,960 $668,500 +9.5%
    2018$10,960 +8.8%$610,600 +6.7%
    2017$10,069 +21%$572,024 +8.1%
    2016$8,325 $529,000 +9.4%
    2015$8,325 $483,400 +23.7%
    2014$8,325 +18.8%$390,700
    2013$7,007 +12.3%$390,700 +10.5%
    2012$6,239 +19%$353,500 +18.5%
    2011$5,244 -8.2%$298,200 -7.4%
    2010$5,715 -59.3%$322,000 -13.2%
    2009$14,035 $370,800 -57.6%
    2008$14,035 -12.9%$875,400 -12.4%
    2007$16,106 $998,800
    Find assessor info on the county website

    Neighborhood: Lido Key

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Southside Elementary
    • Middle: Booker Middle
    • High: Booker High

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $1,401,300
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,401,300