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33520101
33175763

5228 Calle Menorca, Siesta Key, FL 34242 For Sale

BD
Crexi Contact
Commercial Real Estate Exchange Inc
JM
MI 6501450066
Landmark Commercial Real Estate Services
EN
MI 6501456898
Landmark Commercial Real Estate Services
Listed by Commercial Real Estate Exchange Inc, Landmark Commercial Real Estate Services
Starting bid: $700,000
Bidding Starts:
July 20th, 2026 4:00 pm

Short Term Vacation Rental

Details
APN 0080-17-0029
Property Type Multifamily
Sub Type Single Family Rental Portfolio, Apartment Building
Square Footage 2,050
Units 2
NOI $256,238
Occupancy 100%
Class A
Year Built 1965
Year Renovated 2025
Acreage 0.110
Zoning CG

High-Yielding Short-Term Rental Asset

Marketing description

For registration requirements and regulations, please review here or contact Bianca Diorio | 954-302-3810 | [email protected].

Short Term Vacation Rental at 5228-5230 Calle Menorca, Siesta Key, FL 34242 is a rare opportunity to acquire a high-performing, turnkey vacation rental in the heart of Siesta Key Village. Just a short walk to Siesta Beach, restaurants, bars, and boutiques, this fully renovated two-unit asset offers the ideal blend of lifestyle appeal and strong in-place income. Situated on 0.11 acres, the property features two spacious 3-bedroom, 2-bath units with flexible upstairs/downstairs layouts, allowing for multiple rental strategies or potential owner-user use. Recent upgrades include new AC, plumbing, electrical, flooring, and hot tubs, helping minimize near-term capital needs. This asset stands out with its valuable CG zoning and nightly rental exception—an increasingly rare advantage in one of Florida’s most supply-constrained coastal markets. The property has demonstrated proven operating performance with approximately 95% occupancy and trailing 12-month gross revenue of $308,977, producing NOI of $256,238. With its prime location, strong cash flow, and potential redevelopment upside, this is an exceptional investment in one of the Gulf Coast’s most sought-after beach destinations!

  • Non-Contingent
  • Earnest Money Deposit is Greater of $20,000 or 10% of the Purchase Price
  • Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum
  • $10,000 Participation Deposit

5228 Calle Menorca, Siesta Key, FL 34242

Investment highlights

  • HIGH-YIELDING SHORT-TERM RENTAL ASSET: Strong in-place income with ~$350K+ annual gross revenue and a strong up-front CAP rate, providing immediate cash flow.
  • TURNKEY, FULLY RENOVATED PROPERTY: Recently upgraded with new AC (2025), plumbing (2024), electrical (2022), flooring (2024–2025), and hot tubs (2021) — minimal near-term capital needs.
  • PRIME SIESTA KEY LOCATION: Situated in one of Florida’s most desirable beach markets with strong year-round tourism demand and high nightly rental rates.
  • FLEXIBLE TWO-UNIT LAYOUT: Two spacious 3BR / 2BA units (upstairs & downstairs) allowing for multiple rental strategies or potential owner-user flexibility.
  • RARE ZONING ADVANTAGE (CG WITH NIGHTLY RENTAL EXCEPTION): Unique zoning allows legal short-term rentals, a significant barrier-to-entry advantage in a highly regulated market.
  • VALUE-ADD / REDEVELOPMENT UPSIDE: Potential to expand to an ~8,500 SF structure including additional units and rooftop amenities — unlocks significant long-term upside.
  • HIGH OCCUPANCY WITH PROVEN PERFORMANCE: ~95% occupancy demonstrates consistent demand and stabilized operations.

Contacts

BD
Crexi Contact
Commercial Real Estate Exchange Inc
JM
MI 6501450066
Landmark Commercial Real Estate Services
EN
MI 6501456898
Landmark Commercial Real Estate Services
Listed by Commercial Real Estate Exchange Inc, Landmark Commercial Real Estate Services

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Additional Information

Name
Brian Brockman
License
FL BK3327646
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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