Sarasota - Beach Property For Sale #7604139

Rare Income-Producing Portfolio on South Lido Key - 3 Turnkey STR Units
A rare opportunity to acquire a fully operating short-term rental portfolio on South Lido Key, one of Sarasota's most coveted coastal markets. This offering includes 3 updated studio units within a boutique beachside community just steps from two direct beach access points and a short ride to St. Armands Circle.

Each unit is managed, actively listed, and consistently booked, delivering proven performance and strong guest demand year-round. These condos have a long track record as successful rentals, with 2024 gross income averaging $38,470 per unit and portfolio-wide net income of $77,953 after HOA, taxes, utilities, and cleaning expenses. This is a cash-flowing, turnkey asset in a high-barrier-to-entry vacation rental market.

The property features a community pool and sliding glass access private patios for each unit, creating the indoor/outdoor lifestyle guests expect on Lido. Interiors have been updated over the years and show pride of ownership throughout. Major mechanical systems are in good condition, with recent A/C and hot water tank replacements across the portfolio for peace of mind.

Unit Renovation & Mechanical Summary:
o Unit 10 - Updated | AC ~2 yrs | WH < 6 yrs
o Unit 11 - Updated | AC ~3 yrs | WH < 3 yrs
o Unit 12 - Updated | AC ~2 yrs | WH < 3 yrs

This type of offering is rarely available -- a multi-unit STR package on Lido Key with documented income history, repeat traveler base, and proven operational infrastructure already in place. Keep as a turnkey portfolio, self-manage, or explore value-add improvements and dynamic pricing to further enhance returns.

3 units. One unbeatable coastal investment. Opportunities like this do not come around often.