1761 Siesta Dr & 1760 Wisconsin Ln, SARASOTA, FL 34239
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- MLS#: A4688518 ( Commercial Sale )
- Street Address: 1761 Siesta Dr & 1760 Wisconsin Ln
- Viewed: 5
- Price: $2,400,000
- Price sqft: $530
- Waterfront: No
- Year Built: 1984
- Bldg sqft: 4525
- Days On Market: 5
- Additional Information
- Geolocation: 27.303 / -82.5344
- County: SARASOTA
- City: SARASOTA
- Zipcode: 34239
- Provided by: COLDWELL BANKER REALTY
- Contact: Danielle Dietrich, PA
- 941-366-8070

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Description7 Rentable Units | 10 Bed, 8 Bath Income Property Prime Siesta Key Location Exceptional opportunity to acquire a high performing multifamily investment just minutes from world renowned Siesta Key Beach. Positioned on Siesta Drivethe gateway to Siesta Keythis offering includes two adjacent triplexes on separate parcels, with the potential to expand to 8 units. Currently 7 rented and rentable units. The property features a diverse unit mix of 1BR, 2BR, 3BR, and studio layouts, designed to maximize rental income and appeal to both long term tenants and short term vacation renters. Zoned for weekly rentals (7 day minimum) within city limits, the asset benefits from strong, proven income performance, including established Airbnb 5 star hosting history. Extensive capital improvements have been completed, including newer roofs (20162017), updated siding, modern A/C systems, hot water heaters (2021+), appliances, exterior plumbing, fencing, and security lighting with cameras. The property is professionally landscaped and offers on site laundry, with the ability to add private laundry to each unit. Tenants pay utilities, supported by 7 separate water and electric meters, minimizing owner expenses and enhancing net operating income. Ideally located just blocks from the North Bridge and within walking distance to shopping, dining, and daily conveniences. Situated in an X flood zone, means no flood insurance is required and Level D evacuation zone. The property offers ample on site parking for up to 17 vehicles, with additional space for boats, kayaks, and recreational equipment. Offering includes both parcels (must be sold together): 1761 Siesta Dr & 1760 Wisconsin Ln Investment Highlights: ~7.45% Cap Rate Under $20K Annual Expenses Projected Gross Income: $175K$200K+ Significant Upside Potential Do not disturb tenants. Showings by appointment only; listing agent must accompany all showings.
Property Location and Similar Properties
Features
Appliances
- Dishwasher
- Dryer
- Microwave
- Refrigerator
- Washer
Home Owners Association Fee
- 0.00
Carport Spaces
- 0.00
Close Date
- 0000-00-00
Cooling
- Central Air
Country
- US
Covered Spaces
- 0.00
Flooring
- Terrazzo
- Tile
- Vinyl
Garage Spaces
- 0.00
Heating
- Central
- Electric
Insurance Expense
- 0.00
Legal Description
- LOT 25 BLK B BAYVIEW AND LOT 26 BLK B BAYVIEW
Levels
- One
Living Area
- 4435.00
Area Major
- 34239 - Sarasota/Pinecraft
Net Operating Income
- 0.00
Occupant Type
- Tenant
Open Parking Spaces
- 0.00
Other Expense
- 0.00
Parcel Number
- 2039100047
Property Condition
- Completed
Property Type
- Commercial Sale
Road Frontage Type
- City Street
- Private Road
Roof
- Shingle
Sewer
- Public Sewer
Tax Year
- 2025
Utilities
- Electricity Available
- Public
- Water Connected
Virtual Tour Url
- https://www.propertypanorama.com/instaview/stellar/A4688518
Water Source
- Public
Year Built
- 1984





































































































