5228 CALLE MENORCA at

5228 CALLE MENORCA

For sale Days on market 70

$2,890,000

$1446/sq ft

$185,000
Price Decreased

показать похожие

Overview

Bedroom

Year Built

1965

Sqft

1998

Property Type

Duplex

Property 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.

Property Details

MLS#

O6377280

Address

5228 CALLE MENORCA

City

Sarasota

State/county

Zip/Postal Code

34242

Area

Sarasota Beach

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$13,996

Maint Fee

$--

Tax Year

2025

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. © MIAMI Association of REALTORS®, all rights reserved.