1761 Siesta Dr & 1760 Wisconsin Ln, Sarasota, FL 34239
Local realty services provided by:ERA Grizzard Real Estate
Listed by: danielle dietrich, pa
Office: coldwell banker realty
MLS#:A4688714
Source:MFRMLS
Price summary
- Price:$2,400,000
- Price per sq. ft.:$530.39
About this home
7 Rentable Units | 10 Bed, 8 Bath Income Property – Prime Siesta Key Location!
Exceptional opportunity to own a fully leased multifamily property just minutes from world-famous Siesta Key Beach. Located on Siesta Drive—the gateway to Siesta Key—this offering includes two adjacent triplexes on two separate lots, with potential to expand to 8 units. The property features a versatile mix of 1BR, 2BR, 3BR, and studio layouts, ideal for maximizing rental income.
Zoned for weekly rentals (7-day minimum) within city limits, this property offers strong income potential with a blend of long-term tenants and proven short-term rental performance (Airbnb 5-star host/seasonal).
Recent upgrades include newer roofs (2016–2017), new siding, updated A/C units, hot water heaters (2021+), appliances, exterior plumbing, fencing, and security lighting/cameras. Professionally landscaped grounds enhance curb appeal. On-site laundry with the ability to add laundry to every unit. Tenants pay utilities with 7 separate water and electric meters.
Situated just blocks from the North Bridge and within walking distance to shopping, dining, and everyday conveniences. Located in an X flood zone – NO flood insurance required, and Level D evacuation zone. Ample parking for up to 17 vehicles, plus space for boats, kayaks, and recreational toys.
Buy one or both – must be sold simultaneously:
1761 Siesta Dr & 1760 Wisconsin Ln – a rare high-income investment package on Siesta Key.
Strong financials: ~7.45% cap rate, under $20K in annual expenses, and projected income of $175K–$200K+ with upside potential.
Do not disturb tenants. Showings by appointment only; listing agent must accompany all showings....
Contact an agent
Home facts
- Year built:1949
- Listing ID #:A4688714
- Added:1 day(s) ago
- Updated:April 03, 2026 at 09:37 PM
Rooms and interior
- Bedrooms:10
- Total bathrooms:8
- Flooring:Terrazzo, Tile, Vinyl
- Dining Description:Eat In Kitchen
- Kitchen Description:Dishwasher, Disposal, Eat-in Kitchen, Microwave, Range, Refrigerator, Solid Surface Counters, Solid Wood Cabinets
- Basement Description:Block, Concrete Perimeter
- Living area:4,435 sq. ft.
Heating and cooling
- Cooling:Central Air, Mini-Split Unit(s), Wall/Window Unit(s)
- Heating:Central, Electric
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1949
- Building area:4,435 sq. ft.
- Lot area:0.29 Acres
- Lot Features:Landscaped, Near Public Transit, Paved, Private
- Construction Materials:Block, Concrete
- Exterior Features:Covered Porch/Patio, Fence, Front Porch, Lighting, Patio, Porch, Private Mailbox, Rear Porch, Side Porch
- Foundation Description:Block, Concrete Perimeter, Slab
- Levels:1 Story
Utilities
- Water:Public, Water - Multiple Meters, Water Connected
- Sewer:Private, Public Sewer, Sewer Connected
Finances and disclosures
- Price:$2,400,000
- Price per sq. ft.:$530.39
- Tax amount:$9,643 (2025)
Features and amenities
- Appliances:Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
- Laundry features:Dryer, Electric Dryer Hookup, In Common Area, Laundry Closet, Washer, Washer Hookup
- Amenities:Built-In Features, Ceiling Fans(s), Crown Molding, Eat-in Kitchen, Fiber Optics, Solid Surface Counters, Solid Wood Cabinets, Window Treatments
- Pool features:Public Pool
Parking
- Parking description:Assigned, Common
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