1761 SIESTA DR & 1760 WISCONSIN LN, Sarasota, FL 34239

• 10 beds |
• 8 baths |
• 4,435 sqft

Property Description

7 Rentable Units | 10 Bed, 8 Bath Income Property – Prime Siesta Key Location! Exceptional opportunity to own a fully leased multifamily property just minutes from world-famous Siesta Key Beach. Located on Siesta Drive—the gateway to Siesta Key—this offering includes two adjacent triplexes on two separate lots, with potential to expand to 8 units. The property features a versatile mix of 1BR, 2BR, 3BR, and studio layouts, ideal for maximizing rental income. Zoned for weekly rentals (7-day minimum) within city limits, this property offers strong income potential with a blend of long-term tenants and proven short-term rental performance (Airbnb 5-star host/seasonal). Recent upgrades include newer roofs (2016–2017), new siding, updated A/C units, hot water heaters (2021+), appliances, exterior plumbing, fencing, and security lighting/cameras. Professionally landscaped grounds enhance curb appeal. On-site laundry with the ability to add laundry to every unit. Tenants pay utilities with 7 separate water and electric meters. Situated just blocks from the North Bridge and within walking distance to shopping, dining, and everyday conveniences. Located in an X flood zone – NO flood insurance required, and Level D evacuation zone. Ample parking for up to 17 vehicles, plus space for boats, kayaks, and recreational toys. Buy one or both – must be sold simultaneously: 1761 Siesta Dr & 1760 Wisconsin Ln – a rare high-income investment package on Siesta Key. Strong financials: ~7.45% cap rate, under $20K in annual expenses, and projected income of $175K–$200K+ with upside potential. Do not disturb tenants. Showings by appointment only; listing agent must accompany all showings.

Listing Status:

Active

Date Added:

April 3, 2026

Data Last Updated:

April 4, 2026 at 6:22AM

Listing Office:

COLDWELL BANKER REALTY : 941-366-8070

Listing Agent:

Danielle Dietrich, PA : 603-767-9166

MLS ID:

A4688714

Interior

• General: Built-in FeaturesCeiling Fans(s)Crown MoldingEat-in KitchenSolid Surface CountersSolid Wood CabinetsWindow Treatments
• Appliances: DishwasherDisposalDryerElectric Water HeaterMicrowaveRangeRefrigeratorWasher
• Laundry: Common AreaElectric Dryer HookupLaundry ClosetOutsideWasher Hookup
• Flooring: TerrazzoTileVinyl
• A/C: Central AirMini-Split Unit(s)Wall/Window Unit(s)
• Heating: CentralElectric
• Fireplace: Family RoomLiving RoomFireplace

Exterior

• General: FenceLightingPrivate EntrancePrivate MailboxPrivate YardStorage
• Other Structures: PorchFront PorchRear PorchPatioSide PorchCovered
• Parking: AssignedCommon

Construction

• Roofing: Shingle
• Windows: Blinds
• General: BlockConcreteOneBlockConcrete PerimeterSlab

Location

• Road/Access: AsphaltPaved
• Originating MLS: Stellar MLS
• County: Sarasota

Lot

• Zoning: RMF2LOT 25 BLK B BAYVIEW and LOT 26 BLK B BAYVIEW2039100047-1

Utilities

• Utilities: Electricity ConnectedFiber OpticsPrivateSewer ConnectedWater - Multiple MetersWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Stellar MLS
• Ownership: Fee Simple