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Discover an exceptional income-generating property in the heart of coveted Siesta Key! This fully renovated multi-unit compound features a spacious 3-bedroom, 2-bathroom unit and a 1-bedroom, 1-bathrooom unit (side by side). An impressive $270,000 gross income in 2023 and $264,000 in 2024 (despite hurricane-related downtime), this turnkey investment provides immediate cash flow. Note: This property is zoned an RMF (Residential Multifamily) and is legally able to accept nightly rentals. The property boasts recent upgrades including brand-new AC (2025), updated flooring (2025), modernized plumbing (2025), electrical (2025), and hot tubs (2023). This amazing opportunity is the best cap rate on any house on Siesta Key. Whether you're seeking a high-performing Airbnb rental portfolio or a strategic redevelopment opportunity in one of Florida's most desirable beach destinations, this property delivers both immediate income and long-term appreciation potential. Absentee owner managed; turnkey operation available at on a management fee with all staff staying in place. This property could be purchased as a portfolio with 5228 Calle Menorca.
| DAYS ON MARKET | 5 | LAST UPDATED | 1/28/2026 |
|---|---|---|---|
| TRACT | SABAL PALMS | YEAR BUILT | 1952 |
| COMMUNITY | 34242 - Sarasota/Crescent Beach/Siesta Key | COUNTY | Sarasota |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 34242 - Sarasota/Crescent Beach/Siesta Key |
| CONSTRUCTION | Frame |
| EXTERIOR | Courtyard, Outdoor Grill, Outdoor Shower |
| FIREPLACE | Yes |
| HEAT | Electric |
| LOT | 9148 sq ft |
| POOL | Yes |
| POOL DESCRIPTION | Above Ground, Heated, In Ground, Private |
| SEWER | Public Sewer |
| SUBDIVISION | SABAL PALMS |
| TAXES | 13211 |
| UTILITIES | Cable Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Steven Koleno, BEYCOME OF FLORIDA LLC, 844-239-2663
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 2/2/26 6:32 AM PST.
This IDX solution is (c) Diverse Solutions 2026.