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SARASOTA, FL 34239 1761 SIESTA DR & 1760 WISCONSIN LN

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Presented By: COLDWELL BANKER REALTY with 941-366-8070. - 941-366-8070
  • MLS# A4688518
  • 04/03/2026
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  • SQFT • 4,435

Home Details

7 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 Drive—the gateway to Siesta Key—this 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 (2016–2017), 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.
Presented By: COLDWELL BANKER REALTY with 941-366-8070. - 941-366-8070

Interior Features for 1761 SIESTA DR & 1760 WISCONSIN LN

Bathrooms

Total Baths

Other Interior Features

LivingAreaSourcePublic Records
Air Conditioning Y/NYes
FlooringTerrazzo, Tile, Vinyl
Heating Y/NYes
Window FeaturesBlinds

General for 1761 SIESTA DR & 1760 WISCONSIN LN

Additional Parcels Description2039100001
Additional Parcels Y/NYes
AppliancesDishwasher, Dryer, Microwave, Refrigerator, Washer
Building Area UnitsSquare Feet
CitySARASOTA
Construction MaterialsBlock, Concrete
CoolingCentral Air
CountySarasota
Directions41 to Siesta on the corner of Siesta and Wisconsin. 2 buildings - 1761 Siesta Dr and 1760 Wisconsin.
DockY/NNo
Flood Zone CodeX
Flood Zone Code XY
Gross Income200000
HeatingCentral, Electric
Legal DescriptionLOT 25 BLK B BAYVIEW AND LOT 26 BLK B BAYVIEW
LevelsOne
Listing TermsCash
Living Area UnitsSquare Feet
Lot Size Square Feet12733
Lot Size UnitsSquare Feet
MLS Area34239 - Sarasota/Pinecraft
New ConstructionNo
Number Of Units Total7
Occupancy TypeTenant
OwnershipFee Simple
Property ConditionCompleted
Property SubtypeMixed Use
Property TypeCommercial Sale
RoofShingle
Security FeaturesSmoke Detector(s)
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount9328
Tax Lot25
Tax Year2025
UtilitiesElectricity Available, Public, Water Connected
Water Access Y/NNo
Water View Y/NNo
Year Built1984

Exterior for 1761 SIESTA DR & 1760 WISCONSIN LN

Building Area Total4525
Foundation DetailsBlock
Lot Size Acres0.29
Lot Size Area12733
Number of Buildings2
Number of Lots2
Number of Separate Electric Meters7
Number of Separate Water Meters7
Road Frontage TypeCity Street, Private Road
Road Surface TypeAsphalt
VegetationFruit Trees, Trees/Landscaped
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Steven Silcock

Broker Owner
Price $2,400,000
MLS#A4688518
List Date 04/03/2026
Property Type Commercial
Phone 407.574.0218
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