The Place To Be On Siesta Key 3 Multifamily Properties Offered at $8,450,000 in Multiple Locations

5228 Calle Menorca – Siesta Key Investment Opportunity
Discover an exceptional income-producing property in the heart of coveted Siesta Key. This fully renovated multi-unit compound features two spacious 3-bedroom, 2-bathroom units (one upstairs and one downstairs), making it ideal for short-term rental investors.
The property generated $393,000 in gross income in 2023 and $350,000 in 2024 despite hurricane-related downtime, offering strong and proven cash flow.
Recent improvements include:
• Brand-new AC (2025)
• Updated flooring (2024–2025)
• Modernized plumbing (2024)
• Electrical upgrades (2022)
• Refreshed hot tubs (2021)
What truly sets this property apart is its Commercial General (CG) zoning with a special exemption allowing nightly rentals—a rare and highly valuable designation on Siesta Key that protects the short-term rental use.
This zoning also unlocks significant redevelopment potential, including the possibility to construct an approximately 85-foot building with ground-floor parking, 11 two-bedroom units, and a rooftop pool.
Whether you're seeking a high-performing Airbnb investment or a future redevelopment opportunity in one of Florida’s most desirable beach destinations, this property delivers both immediate income and long-term appreciation potential.
6550 Sabal Drive – High-Performing Siesta Key Rental Property
Discover an exceptional income-producing property in the heart of Siesta Key. This fully renovated multi-unit property features a spacious 3-bedroom, 2-bathroom unit and a 1-bedroom, 1-bathroom unit located side by side, creating an ideal setup for short-term rental income.
The property generated $270,000 in gross income in 2023 and $264,000 in 2024, even with hurricane-related downtime, making this a turnkey investment with immediate cash flow.
Important investment advantage:
The property is zoned RMF (Residential Multifamily) and is legally permitted for nightly rentals, a rare and highly desirable zoning designation on Siesta Key.
Recent upgrades include:
• Brand-new AC (2025)
• Updated flooring (2025)
• Modernized plumbing (2025)
• Electrical upgrades (2025)
• Hot tubs installed (2023)
With its proven rental history and strong income potential, this property offers one of the best cap rate opportunities currently available on Siesta Key.
Perfect for investors seeking a high-performing Airbnb property in one of Florida’s most sought-after beach destinations.
527 Beach Road – Prime Beach Road Siesta Key Investment
Located directly on prestigious Beach Road in Siesta Key, this fully renovated raised multi-unit property offers an outstanding opportunity for investors seeking strong short-term rental income.
The property features:
• One 2-bedroom, 2-bathroom unit
• One 2-bedroom, 1-bathroom unit
(side-by-side layout)
This turnkey income property is zoned RMF (Residential Multifamily) and is legally permitted for nightly rentals, making it ideal for vacation rental investors.
Recent improvements include:
• New AC (2022)
• Updated flooring (2025)
• Modernized plumbing (2022)
• Electrical upgrades (2022)
• Hot tubs installed (2022)
The property is currently absentee owner managed and can be delivered as a fully turnkey operation, with experienced staff in place under a management agreement if desired.
Additional value-add potential exists with engineering drawings already completed to enclose the lower level, which would add approximately 2,000 additional square feet and significantly increase rental income potential.
This property presents a rare opportunity to acquire a prime Beach Road investment with both immediate income and future upside in one of Florida’s most desirable coastal markets.