Short Term Vacation Rental
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.
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