5228 Calle Menorca, Sarasota, FL 34242
$2,690,000 - For Sale
Property Details
Price: $2,690,000
Sq Ft: 2,050
($1,312 per sqft)
Bedrooms: 6
Bathrooms: 4
City:Sarasota
County:Sarasota
Type:Multi-Family
Development:Sarasota Beach
Subdivision:Sarasota Beach
Acres:0.1000
Virtual Tour/Floorplan:View
Year Built:1965
Listing Number:TB8541886
Status Code:A-Active
Taxes:$13,996.35
Tax Year: 2025
Furnishings: Unfurnished
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Contact the Listing Agent directly:
Listing Agent: Steve Fingerman
Agent Phone:
727-946-0904
Agent Email:
stevef@e-loanmortgage.com
Equipment:
Dishwasher
Dryer
Microwave
Range
Refrigerator
Washer
Interior Features:
Other
Exterior Features:
Lighting
Outdoor Grill
Outdoor Shower
Sauna
Financial Information:
Taxes: $13,996.35
Tax Year: 2025
Room Dimensions:
Laundry: Laundry Room
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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.
Building Design: Halfplex
MLS Area: 34242 - Sarasota/Crescent Beach/Siesta Key
Total Square Footage: 2,050
Price per Square Feet: $1,312.20
Total Floors: 2
Water: Public
Construction: Block, Frame
Date Listed: 2026-08-27 00:00:00
Pool: Y
Pool Description: Above Ground
Private Spa: Y
Furnished: Unfurnished
Flooring: Vinyl
Roof: Shingle
Heating: Central, Electric
Cooling: Central Air
Laundry: Laundry Room
Sewer: Public Sewer
Parcel ID: 0080170029
Listing Courtesy Of: People's Trust Realty
stevef@e-loanmortgage.com
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.
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Additional Information:
Building Design: Halfplex
MLS Area: 34242 - Sarasota/Crescent Beach/Siesta Key
Total Square Footage: 2,050
Price per Square Feet: $1,312.20
Total Floors: 2
Water: Public
Construction: Block, Frame
Date Listed: 2026-08-27 00:00:00
Pool: Y
Pool Description: Above Ground
Private Spa: Y
Furnished: Unfurnished
Flooring: Vinyl
Roof: Shingle
Heating: Central, Electric
Cooling: Central Air
Laundry: Laundry Room
Sewer: Public Sewer
Parcel ID: 0080170029
Map of 5228 Calle Menorca, Sarasota, FL 34242
Listing Courtesy Of: People's Trust Realty
stevef@e-loanmortgage.com
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