5228 Calle Menorca Sarasota, FL 34242
For Sale MLS# O6377280
6 beds 4 baths 1,998 sq ft Multi-family
Details for 5228 Calle Menorca
MLS# O6377280
Description for 5228 Calle Menorca, Sarasota, FL, 34242
Discover an exceptional income-generating property in the heart of coveted Siesta Key! This fully renovated multi-unit compound features two spacious 3-bedroom, 2-bathroom units (one upstairs, one downstairs), with an impressive $393,000 gross income in 2023 and $350,000 in 2024 (despite hurricane-related downtime), this turnkey investment provides immediate cash flow. The property boasts recent upgrades including brand-new AC (2025), updated flooring (2024-2025), modernized plumbing (2024), electrical (2022), and refreshed hot tubs (2021). What sets this opportunity apart is its CG zoning with a special exemption for nightly rentals—a rare advantage that not only protects your rental business but also unlocks significant development potential. Future possibilities include constructing an 85-foot building with ground-floor parking, 11 two-bedroom units, and a stunning rooftop pool. Whether you're seeking a high-performing Airbnb rental portfolio or a strategic redevelopment opportunity in one of Florida's most desirable beach destinations, this property delivers both immediate income and long-term appreciation potential. Absentee owner managed; turnkey operation available at on a 10% management fee with all staff staying in place. Can by purchased as a portfolio along with 6550 Sabal Drive.
Listing Information
Property Type: Residential, Duplex
Status: Active
Bedrooms: 6
Bathrooms: 4
Lot Size: 0.11 Acres
Square Feet: 1,998 sq ft
Year Built: 1965
Construction: Block,Wood Frame
Subdivision: Sarasota Beach
Foundation: Slab
Number Of Units Total: 2
County: Sarasota
Additonal Room Information
Laundry: Inside
Interior Features
Additional Interior Features: Sauna, Main Level Primary
Utilities
Water: Public
Sewer: Other
Other Utilities: Cable Connected,Electricity Connected,Water Connected
Cooling: Central Air
Heating: Electric
Exterior / Lot Features
Roof: Shingle
Pool: Above Ground
Additional Exterior/Lot Features: Lighting, Outdoor Grill, Outdoor Shower
Unit Information
Unit 1 Units Total: 1
Unit 1 Baths Total: 4
Unit 1 Beds Total: 6
Driving Directions
Drive east on Canal Road. Right to Calle Menorca. Turn right. You have arrived at your destination.
Financial Considerations
Terms: Cash,Conventional,FHA,Other,VA Loan
Tax/Property ID: 0080170029
Tax Amount: 13996
Tax Year: 2025
A broker reciprocity listing courtesy: BEYCOME OF FLORIDA LLC
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 5228 Calle Menorca
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 5228 Calle Menorca
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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