Active

$3,075,000

Features:
  • 9 Bedrooms
  • 6 Bathrooms
  • 1998 sq ft
Overview
  • ID: MFRO6377280
  • Bedrooms: 9
  • Bathrooms: 6
  • Size: 1998 sq ft
Property Details
Remarks
Discover an exceptional income-generating property in the heart of coveted Siesta Key! This fully renovated multi-unit compound features two spacious 3-bedroom, 2-bathroom units (one upstairs, one downstairs) currently operating as three separate Airbnb Superhost listings. With an impressive $393,000 gross income in 2023 and $350,000 in 2024 (despite hurricane-related downtime), this turnkey investment provides immediate cash flow and includes a complete management team and established brand. The property boasts recent upgrades including brand-new AC (2025), updated flooring (2024-2025), modernized plumbing (2024), electrical (2022), and refreshed hot tubs (2021). What sets this opportunity apart is its CG zoning with a special exemption for nightly rentals—a rare advantage that not only protects your rental business but also unlocks significant development potential. Future possibilities include constructing an 85-foot building with ground-floor parking, 11 two-bedroom units, and a stunning rooftop pool. Whether you're seeking an Airbnb rental portfolio or a strategic redevelopment in one of Florida's most desirable beach destinations, this property delivers both immediate income and long-term appreciation potential.
Financial Considerations
Price:
$3,075,000
HOA Fee:
N/A
Tax Amount:
$13996
Price per SqFt:
$1539.04
Tax Legal Description:
LOT 9 LESS S 3 FT THEREOF BLK 15 SARASOTA BEACH
Exterior Features
Lot Size:
4565
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
Yes
Pool Features:
Above Ground
Interior Features
Bedrooms:
9
Bathrooms:
6
Heating:
Electric
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Duplex
Style:
N/A
Year Built:
1965
Construction Type:
Block, Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Lighting, Outdoor Grill, Outdoor Shower, Sauna
Additional Features 2:
N/A
Map
  • Address
    5228 CALLE MENORCA
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