5228 CALLE MENORCA , Sarasota, FL 34242

  • $3,075,000

Description

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), 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. 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 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 10% management fee with all staff staying in place. Can by purchased as a portfolio along with 6550 Sabal Drive.

  • Address: 5228 CALLE MENORCA
  • City: Sarasota
  • State/county: FL
  • Zip/Postal Code: 34242
  • Country: US

Details

Atualizado em fevereiro 2, 2026 no 9:25 pm
  • Property ID O6377280
  • Price $3,075,000
  • Land Area 0.11 m²
  • Bedrooms 6
  • Bathrooms 4
  • Garage Size x x
  • Year Built 1965
  • Property Type Duplex, Residential Income
  • Property Status Active, For Sale

Additional details

  • Listing Terms Cash,Conventional,FHA,Other,VA Loan
  • Roof Shingle
  • Utilities Cable Connected,Electricity Connected,Water Connected
  • Sewer Other
  • Cooling Central Air
  • Heating Electric
  • County Sarasota
  • Property Type Residential Income
  • Pool Above Ground

Mortgage Calculator

360° Virtual Tour

Similar Listings

Compare listings

Comparar