About 1761 Siesta Drive
Exceptional 6-Unit Income Property – Prime Location on Siesta Key! Incredible opportunity to own a fully leased, 6+ unit (ability to make it 8-unit) multifamily property just minutes from world-renowned Siesta Key Beach. This rare income-producing property combines two adjacent triplexes offering a versatile mix of units: (1) 2BR/2BA (Front-Pink, Siesta- able to split as 1/1 and 1/1 Efficiency) (1) 1BR/1BA (Front-Blue, middle Siesta Cottage) (1) 1BR/1BA (Front-Yellow, back/side Siesta Cottage) (2) 1BR/1BA (Back- Blue and Yellow; Wisconsin) (1) Studio 1/1 (efficiency layout; Back-Red, Wisconsin) (1) 3BR/1BA (Back- Pink, Wisconsin) Whether you're an investor seeking strong returns or an owner-occupant looking to offset your housing expenses, this property offers proven income with both long-term tenants and short-term (weekly) rental zoning, maximizing flexibility and potential revenue. Recent updates and features include: Newer roofs (2016 & 2017); All NEW siding, including new cement board siding on one structure; NEW hot water heaters (2021 & newer); New appliances in all units; New A/C units; Outdoor sensor lighting and security cameras; Professionally landscaped grounds with exotic plants and mature trees; NEW exterior PVC plumbing, NEW Fencing and much more! Located in a high-demand area, just blocks from the North Bridge of Siesta Key and walking distance to grocery stores, dining, shopping malls, public transportation, banks, post office, and more. Weekly rentals are permitted, making this an ideal option for Airbnb or seasonal leasing. Level D evacuation zone; No Flood Insurance Required in X-Zone! CITY LIMITS (7-day minimum!). Largest multiplex on siesta- won't last! Parking allows for up to 17 vehicles, even extra space for your outdoor toys- boats, kayaks, jet-skis etc...This is the diamond in the rough for location and income ability with flexibility on SIESTA! This property must be sold in conjunction with adjacent parcel at 1760 Wisconsin Lane, Sarasota, FL 34239 (even if to separate buyers), creating a rare 6-unit investment package with excellent income potential. Please do not visit or walk the property without an appointment. Listing agent must accompany.
Features of 1761 Siesta Drive
| MLS® # | N6139645 |
|---|---|
| Price | $2,480,000 |
| Bedrooms | 10 |
| Bathrooms | 8.00 |
| Square Footage | 4,435 |
| Acres | 0.29 |
| Year Built | 1949 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 1761 Siesta Drive |
|---|---|
| Area | Sarasota/Pinecraft |
| Subdivision | BAYVIEW |
| City | SARASOTA |
| County | Sarasota |
| State | FL |
| Zip Code | 34239-5949 |
Amenities
| Parking | Assigned, Common |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Built-in Features, Ceiling Fan(s), Crown Molding, Eating Space In Kitchen, Solid Surface Counters, Solid Wood Cabinets, Window Treatments |
|---|---|
| Appliances | Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer |
| Heating | Central, Electric |
| Cooling | Central Air, Mini-Split Unit(s), Wall/Window Unit(s) |
| Fireplace | Yes |
| Fireplaces | Family Room, Living Room |
Exterior
| Exterior Features | Lighting, Storage |
|---|---|
| Lot Description | In County, Landscaped, Near Public Transit, Private, Street One Way |
| Roof | Shingle |
| Foundation | Slab |
Additional Information
| Date Listed | July 11th, 2025 |
|---|---|
| Days on Market | 85 |
| Zoning | RMF2 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | COLDWELL BANKER REALTY |
|---|