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For sale
  • Price increase: $310K (6/25)
    $1,300,000

    170 ROOSEVELT DRIVE #10, SARASOTA, FL 34236

    --beds
    4baths
    294sqft
    : 
    $9,044/mo
    Get pre-qualified
    Triplex, Multi Family
    Built in 1955
    -- sqft lot
    $-- Zestimate®
    $4,422/sqft
    $595/mo HOA

    What's special

    Community poolBoutique beachside community
    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.
    273 days
    |
    162
    |
    10
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    Zillow last checked:

    Listing updated:

    Listed by:

    Joey Lamielle 941-350-0016,

    RE/MAX ALLIANCE GROUP 941-954-5454

    Source: Stellar MLS,MLS#: A4670924MLS LogoOriginating MLS: Sarasota - Manatee

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 4
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Laundry: Inside
      Features
      • Ceiling Fan(s), Open Floorplan, Solid Wood Cabinets, Stone Counters, Thermostat
      • Windows: Window Treatments
      • Has fireplace: No
      Interior area
      • Total structure area: 1,176
      • Total interior livable area: 294 sqft
      Video & virtual tour

      Property

      Features
      • Exterior features: Courtyard, Garden, Storage
      • Fencing: Fenced
      • Has view: Yes
      • View description: Garden, Trees/Woods
      Lot
      • Size: 0.9 Acres
      Details
      • Additional structures: Storage
      • Parcel number: 2016144010
      • Zoning: RMF3
      • Special conditions: None

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Triplex, Multi Family
      Materials
      • Block
      • Foundation: Slab
      • Roof: Shingle
      Condition
      • Completed
      • New construction: No
      • Year built: 1955

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Public

      Community & HOA

      Community
      • Pet fee: $0 monthly
      • Subdivision: PELICAN GARDENS
      HOA
      • Has HOA: Yes
      • HOA fee: $595 monthly
      • HOA name: PMI Capstone
      • HOA phone: 941-554-8838
      Location
      • Region: Sarasota

      Financial & listing details

      • Price per square foot: $4,422/sqft
      • Tax assessed value: $218,600
      • Annual tax amount: $21,500
      • Date on market: 11/4/2025
      • Cumulative days on market: 274 days
      • Listing terms: Cash,Conventional
      • Ownership: Condominium
      • Total actual rent: 0
      • Road surface type: Asphalt, Concrete

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,347/mo

        Price history

        DateEventPrice
        6/25/2026Price change$1,300,000+31.3%$4,422/sqft
        Source: Stellar MLS #A4670924 Report a problem
        4/20/2026Price change$990,000-38.1%$3,367/sqft
        Source: Stellar MLS #A4670924 Report a problem
        11/4/2025Listed for sale$1,600,000+431.6%$5,442/sqft
        Source: Stellar MLS #A4670924 Report a problem
        8/15/2022Sold$301,000+0.3%$1,024/sqft
        Source: Public Record Report a problem
        6/13/2022Pending sale$300,000$1,020/sqft
        Source: Stellar MLS #A4537401 Report a problem
        6/6/2022Listed for sale$300,000+174.7%$1,020/sqft
        Source: Stellar MLS #A4537401 Report a problem
        11/12/2013Sold$109,200+992%$371/sqft
        Source: Public Record Report a problem
        10/4/2013Price change$10,000-90.8%$34/sqft
        Source: Auction.com Report a problem
        9/26/2013Listed for sale--
        Source: Auction.com Report a problem
        6/16/2013Listing removed$109,000$371/sqft
        Source: Coldwell Banker Residential Real Estate - Longboat Key #A3908408 Report a problem
        5/30/2013Price change$109,000-8.4%$371/sqft
        Source: Coldwell Banker Residential Real Estate - Longboat Key #A3908408 Report a problem
        3/13/2013Price change$119,000-14.9%$405/sqft
        Source: Coldwell Banker Residential Real Estate - Longboat Key #A3908408 Report a problem
        1/21/2013Price change$139,900-20.1%$476/sqft
        Source: Coldwell Banker Residential Real Estate - Longboat Key #A3908408 Report a problem
        8/25/2012Price change$175,000-20.1%$595/sqft
        Source: Coldwell Banker Residential Real Estate - Longboat Key #A3908408 Report a problem
        8/5/2010Listed for sale$219,000$745/sqft
        Source: NRT Florida #A3908408 Report a problem
        7/2/2010Listing removed$219,000$745/sqft
        Source: NRT Florida #A3908408 Report a problem
        5/30/2009Listed for sale$219,000-8.8%$745/sqft
        Source: NRT Florida #A3908408 Report a problem
        12/29/2005Sold$240,000+127.5%$816/sqft
        Source: Stellar MLS #A283904 Report a problem
        8/22/2001Sold$105,500+111.4%$359/sqft
        Source: Public Record Report a problem
        6/17/1997Sold$49,900+1.8%$170/sqft
        Source: Public Record Report a problem
        4/1/1997Sold$49,000$167/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,474 -8.6%$218,600 -11.3%
        2024$3,803 +5.3%$246,400 +5.6%
        2023$3,612 +31.3%$233,300 +58.5%
        2022$2,750 +22.4%$147,180 +10%
        2021$2,247 -7%$133,800 -5.2%
        2020$2,416 +1.7%$141,100 +1.4%
        2019$2,377 $139,090 -11.7%
        2018$2,377 -0.9%$157,500 +37%
        2017$2,399 +29.3%$114,950 +10%
        2016$1,855 $104,500 +2.5%
        2015$1,855 +9.7%$102,000 +31.4%
        2014$1,691 +12.5%$77,600
        2013$1,503 -7.5%$77,600 -10.4%
        2012$1,625 -13.7%$86,600 -16.3%
        2011$1,884 -8.2%$103,500 -7.6%
        2010$2,051 -9.1%$112,000 -11.5%
        2009$2,257 $126,500 -4.8%
        2008$2,257 -18.5%$132,900 -19%
        2007$2,769 $164,100 -3.9%
        2006-- $170,700 +15.3%
        2005-- $148,058 +17.6%
        2004$2,396 -1.3%$125,900 +2%
        2003$2,428 +23.8%$123,392 +28%
        2002$1,962 +32.6%$96,400 +30.3%
        2001$1,480 +51.3%$73,966 +50%
        2000$978 $49,311
        Find assessor info on the county website

        Monthly payment

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        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Lido Key

        Getting around

        44 / 100
        Car-Dependent
        0 / 100
        No Nearby Transit
        59 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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