BEDS6
BATHS4 full
SQUARE FEET2,050
MLS#TB8541886
STATUSActive
PROPERTY TYPEResidential -
SUBDIVISIONSARASOTA BEACH
Property Description
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.
Property Features
Property Type: Residential -
Cooling: Central Air
Fenced: Yes
Heating: Central, Electric
Lot Size: 0.10 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $13,996
Year Built: 1965
Amenities
Other
Lighting
Outdoor Grill
Outdoor Shower
Sauna
Feature Descriptions
Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Days on Site: 4
Directions: From Siesta Village, Ocean Blvd to 4-way stop, left on Canal Rd, immediate right on Calle Menorca. Home on the right.
Exterior: Block, Frame
Fencing: Fenced, Vinyl
Flood Zone Code: AE
Flooring: Vinyl
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, Owner Financing
Lot Dimensions: 0.1
Ownership: Fee Simple
Pool: Above Ground
Property Attached Y/N: No
Property Sub-Type: Half Duplex
Sauna: Yes
Sewer: Public Sewer
Showing Instructions: Appointment Only
Spa: Above Ground
Special Sale Provisions: None
Swimming Pool: Yes
Utilities: Cable Available
Water: Public
Water Access Y/N: No
Zoning: CG
Room Sizes
Kitchen: 99x99
Living Room: 99x99
Primary Bedroom: 99x99
Listed By / Shown By
Listed By
Agency Name: PEOPLE'S TRUST REALTY
Agency Contact: 352-688-7022
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 7,937.69 per month $5,986.77 Principal & Interest $1,166.33 Property Tax $784.58 Homeowner's InsuranceChange Payment Information
5228 Calle Menorca | MLS# TB8541886
This home located at 5228 Calle Menorca, Sarasota, FL 34242 is currently listed for sale with an asking price of $2,690,000. This property was built in 1965 and has 6 bedrooms and 4 full baths with 2050 sq. ft. Calle Menorca is located in the SARASOTA BEACH subdivision. Search SARASOTA BEACH real estate on www.realtymark.net today.