5228 Calle Menorca, Sarasota, FL 34242

Sarasota
Local realty services provided by:ERA Advantage Realty, Inc.
5228 Calle Menorca,Sarasota, FL 34242
$3,075,000
Virtual Tour
  • 6 Beds
  • 4 Baths
  • 1,998 sq. ft.
  • Multi-family
  • Active
Listed by: steven koleno
Office: beycome of florida llc.
MLS#:O6377280
Source:MFRMLS

Price summary

  • Price:$3,075,000
  • Price per sq. ft.:$1,539.04

About this home

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...

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Home facts

  • Year built:1965
  • Listing ID #:O6377280
  • Added:62 day(s) ago
  • Updated:March 31, 2026 at 01:32 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:4
  • Bedroom Description:Primary Bedroom Main Floor
  • Living area:1,998 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Electric
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:1965
  • Building area:1,998 sq. ft.
  • Lot area:0.1 Acres
  • Construction Materials:Block, Frame
  • Exterior Features:Lighting, Outdoor Grill, Outdoor Shower
  • Foundation Description:Slab
  • Levels:1 Story

Utilities

  • Water:Public, Water Connected

Finances and disclosures

  • Price:$3,075,000
  • Price per sq. ft.:$1,539.04
  • Tax amount:$13,996 (2025)

Features and amenities

  • Laundry features:Inside
  • Amenities:Cable Connected, Primary Bedroom Main Floor, Sauna
  • Pool features:Above Ground, Private Pool
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