5228 Calle Menorca, Siesta Key, FL 34242

5228 Calle Menorca, Siesta Key, FL 34242

6 beds 3 baths 1,814 Sqft

Overview Neighborhood Amenities Price details

$3,075,000 $1,695/sf

23 days on Market

$3,075,000

$1,695.15/sf

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Description:

Active - Multi Family for sale

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.

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Beycome ID: 17075168

Listing Agent:

- Listed by: Steven Koleno • (804) 656-5007 • contact@beycome.com

- Brokered by: Beycome of Florida LLC • (804) 656-5007

- Source: Beycome

- MLS Number: 17075168

- MLS Last Updated: Feb 19, 2026 at 01:15am EST

Location

* School data provided by National Center for Education Statistics, and GreatSchools. Intended for reference only. The GreatSchools Rating is based on a variety of school quality indicators, including test scores, college readiness, and equity data. To verify enrollment eligibility, contact the school or district directly.

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Facts and features:

Furnished: Unfurnished

Status: Active

Listed Date: 01/27/2026

Days On Market: 23

Lot Size (Acres): 0.11

Lot Size (Square Feet): 2.5252525252525E-6

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Structure:

Year Built: 1965

Tax:

Parcel Number: 0080170029

Score:

-siesta key-for-sale-5228 calle menorca, siesta key, fl 34242-BEYC17075168

Mortgage All cash

Monthly expenses $24,798

Property Tax $5,125

HOA Fee $0

Homeowners Insurance $820

Due at Close $3,028,875

List price $3,075,000

Closing costs $46,125

beycome Pre-paid title: $99Discover Title Services

beycome Credit Est. $0

Disclaimer

The information is being provided by Stellar MLS.
Information deemed reliable but not guaranteed. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS.
Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.
Broker Reciprocity disclosure: Listing information are from various brokers who participate in IDX (Internet Data Exchange).
All information should be independently reviewed and verified for accuracy.
Copyright 2026 Stellar MLS. All rights reserved.

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