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.
For sale
$2,690,000
5228 CALLE MENORCA, SARASOTA, FL 34242
6beds
2,050sqft
Duplex, Multi Family
Built in 1965
-- sqft lot
$2,614,800 Zestimate®
$1,312/sqft
$-- HOA
What's special
- 2 days
- 157
- 6
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Steve Fingerman 727-946-0904,
PEOPLE'S TRUST REALTY 727-946-0904
Source: Stellar MLS,MLS#: TB8541886
Originating MLS: Suncoast Tampa
Originating MLS: Suncoast Tampa
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Primary bedroom
- Features: Built-in Closet
- Level: First
- Area: 9801 Square Feet
- Dimensions: 99x99
Kitchen
- Level: First
- Area: 9801 Square Feet
- Dimensions: 99x99
Living room
- Level: First
- Area: 9801 Square Feet
- Dimensions: 99x99
Heating
- Central, Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
- Laundry: Laundry Room
Features
- Other
- Flooring: Vinyl
- Doors: Outdoor Grill, Outdoor Shower
- Has fireplace: No
Interior area
- Total structure area: 2,050
- Total interior livable area: 2,050 sqft
Video & virtual tour
Property
Features
- Levels: Two
- Stories: 2
- Exterior features: Lighting, Outdoor Grill, Outdoor Shower, Sauna
- Has private pool: Yes
- Pool features: Above Ground
- Has spa: Yes
- Spa features: Above Ground
- Fencing: Fenced,Vinyl
Lot
- Size: 4,565 Square Feet
Details
- Parcel number: 0080170029
- Zoning: CG
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Block, Wood Frame
- Foundation: Slab
- Roof: Shingle
Condition
- Completed
- New construction: No
- Year built: 1965
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: SARASOTA BEACH
HOA
- Has HOA: No
Location
- Region: Sarasota
Financial & listing details
- Price per square foot: $1,312/sqft
- Tax assessed value: $1,027,300
- Annual tax amount: $13,996
- Date on market: 8/27/2026
- Listing terms: Cash,Conventional,Owner May Carry
- Ownership: Fee Simple
- Total actual rent: 0
- Road surface type: Concrete
Estimated market value
$2,614,800
$2.48M - $2.75M
$3,769/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/27/2026 | Listed for sale | $2,690,000-6.9%$1,312/sqft |
Source:  Stellar MLS #TB8541886 Report a problem | ||
| 5/4/2026 | Listing removed | $2,890,000$1,410/sqft |
Source: Stellar MLS #O6377280 Report a problem | ||
| 4/7/2026 | Price change | $2,890,000-6%$1,410/sqft |
Source: Stellar MLS #O6377280 Report a problem | ||
| 1/27/2026 | Listed for sale | $3,075,000-9.4%$1,500/sqft |
Source: Stellar MLS #O6377280 Report a problem | ||
| 10/1/2021 | Listing removed | -- |
Source: Stellar MLS #W7838113 Report a problem | ||
| 9/20/2021 | Listed for sale | $3,395,000+407.1%$1,656/sqft |
Source: Stellar MLS #W7838113 Report a problem | ||
| 6/4/2020 | Sold | $669,500-3.8%$327/sqft |
Source: Public Record Report a problem | ||
| 2/20/2019 | Pending sale | $696,000$340/sqft |
Source: Michael Saunders & Company - Licensed Real Estate Broker #A4410206 Report a problem | ||
| 11/12/2018 | Price change | $696,000-7.2%$340/sqft |
Source: Michael Saunders & Company - Licensed Real Estate Broker #A4410206 Report a problem | ||
| 10/2/2018 | Listed for sale | $750,000$366/sqft |
Source: Michael Saunders & Company - Licensed Real Estate Broker #A4410206 Report a problem | ||
| 9/21/2018 | Pending sale | $750,000$366/sqft |
Source: Michael Saunders & Company - Licensed Real Estate Broker #A4410206 Report a problem | ||
| 9/13/2018 | Listed for sale | $750,000$366/sqft |
Source: Michael Saunders & Company - Licensed Real Estate Broker #A4410206 Report a problem | ||
| 8/9/2018 | Pending sale | $750,000$366/sqft |
Source: Michael Saunders & Company - Licensed Real Estate Broker #A4410206 Report a problem | ||
| 8/7/2018 | Listed for sale | $750,000$366/sqft |
Source: Michael Saunders & Company - Licensed Real Estate Broker #A4410206 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,996 -6% | $873,854 +10% |
| 2024 | $14,890 +2.7% | $794,413 +10% |
| 2023 | $14,498 +11.1% | $722,194 +10% |
| 2022 | $13,054 +57% | $656,540 +15.9% |
| 2021 | $8,312 +2% | $566,400 +7% |
| 2020 | $8,148 -8.2% | $529,200 -8.1% |
| 2019 | $8,873 | $575,839 -4% |
| 2018 | $8,873 +2.6% | $599,900 +26.1% |
| 2017 | $8,652 +22.7% | $475,900 -0.2% |
| 2016 | $7,051 | $477,000 +16% |
| 2015 | $7,051 +6.8% | $411,200 +21.1% |
| 2014 | $6,605 +9.2% | $339,570 |
| 2013 | $6,049 +2.7% | $339,570 +10% |
| 2012 | $5,891 +1.3% | $308,700 -0.4% |
| 2011 | $5,815 +2.8% | $309,800 -3.5% |
| 2010 | $5,655 -10.2% | $321,200 -15.8% |
| 2009 | $6,299 | $381,400 -16.9% |
| 2008 | $6,299 -21.5% | $459,100 -22.5% |
| 2007 | $8,023 | $592,700 +13.6% |
| 2006 | -- | $521,800 +97.1% |
| 2005 | -- | $264,800 +30.3% |
| 2004 | $3,480 +4.8% | $203,300 +9.2% |
| 2003 | $3,320 +23.1% | $186,200 +24.1% |
| 2002 | $2,697 +11.6% | $150,100 +11.9% |
| 2001 | $2,417 +4.2% | $134,100 +7.9% |
| 2000 | $2,319 | $124,300 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 34242
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