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$2,690,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 6 Beds
  • 4 Full Baths
  • 2,050 Sq. Ft.
  • Updated 1 day ago
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Discover an exceptional income producing property in the heart of coveted Siesta Key. This fully renovated multi unit compound features two spacious 3 bedroom, 2 bathroom units, one upstairs and one downstairs, making it ideal for short term rental investors. The current owner is available to continue managing the property for the next owner at only a 10 percent fee, offering a seamless, turnkey transition. The property generated $393,000 in gross income in 2023, $350,000 in 2024 (with two months of downtime due to hurricane impact), and $308,977 in 2025 (still down from hurricane related effects), with 2026 year to date income of $214,000 through July, offering strong and proven cash flow. Recent improvements include new AC (2025), updated flooring (2024 to 2025), modernized plumbing (2024), electrical upgrades (2022), and refreshed hot tubs (2021). What truly sets this property apart is its Commercial General (CG) zoning with a special exemption allowing nightly rentals, a rare and highly valuable designation on Siesta Key that protects the short term rental use. This zoning also unlocks significant redevelopment potential, including the possibility to construct an approximately 85 foot building with ground floor parking, 11 two bedroom units, and a rooftop pool. Property is part of a very successful Airbnb portfolio consisting of three duplexes with cap rates exceeding 10 percent. Please inquire for details.

Full Property Details for 5228 Calle Menorca

General

  • Price: $2,690,000
  • Taxes: $13,996 (2025)
  • Status: Active
  • Type: Single Family
  • Source: MidFloridaRegionalMLS
  • MLS ID: TB8541886
  • Updated: 8/27/2026
  • Added to Site: 2 day(s) ago

Rental Information

  • Min. Lease: No Minimum

Interior

  • Number of Rooms: 3
  • Interior Features: Other
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Furnishings: Unfurnished
  • Flooring: Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 6

Other Rooms

  • Laundry: Laundry Room

Additional Information

  • Pool: Yes
  • Private Pool: Yes
  • Pool Description: Above Ground
  • Spa: Yes
  • Spa Description: Above Ground

Exterior

  • Exterior Features: Lighting, Outdoor Grill, Outdoor Shower, Sauna

Location

  • Area: 34242 - Sarasota/Crescent Beach/Siesta Key
  • County: Sarasota
  • Development Name: 34242 - Sarasota/Crescent Beach/Siesta Key
  • Subdivision: SARASOTA BEACH
  • Driving Directions: From Siesta Village, Ocean Blvd to 4-way stop, left on Canal Rd, immediate right on Calle Menorca. Home on the right.
  • Direction Faces: East

Community

  • Community Name: 34242 - Sarasota/Crescent Beach/Siesta Key

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central, Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable TV Available

Structural Information

  • Exterior Const.: Block, Wood Frame
  • Roof: Shingle
  • Stories/Levels: Two
  • Square Feet: 2,050
  • Sq. Ft. Source: Owner
  • Year Built: 1965

Lot Features

  • Lot Size (Acres): 0.1
  • Lot Size (Sq. Ft.): 4,565
  • Lot Size: 4565
  • Street/Road Desc.: Concrete
  • Fencing (Description): Fenced, Vinyl

Financial Considerations

  • Tax Amount: $13,996.35
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: LOT 9 LESS S 3 FT THEREOF BLK 15 SARASOTA BEACH
  • Flood Zone Info: AE
  • APN: 80170029
  • Property ID: 80170029
  • Block/Lot/Section: 15

Listed by People's Trust Realty

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— 5228 Calle Menorca —

  • People's Trust Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5228 Calle Menorca

School District:Sarasota County School District
NameGradesDistance
Phillippi Shores Elementary School
4747 South Tamiami Trail, Sarasota, FL 34231
PK-52.4 mi
Brookside Middle School
3636 South Shade Avenue, Sarasota, FL 34239
6-83 mi
Sarasota High School
2155 Bahia Vista Street, Sarasota, FL 34239
9-124.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5228 Calle Menorca Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/27/2026
Listed
$2,690,000
301.79%
MLS
6/02/2020
Sold
$669,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5228 Calle Menorca

Year
Property Taxes
Change
Tax Assessment
Change
2025
$13,124
-12%
$1,027,300
-18%
2024
$14,890
3%
$1,255,500
2%
2023
$14,498
11%
$1,225,200
16%
2022
$13,054
57%
$1,057,500
87%
2021
$8,312
—
$566,400
7%
2021
$8,312
-6%
$529,200
-8%
2019
$8,873
3%
$575,839
10%
2018
$8,652
10%
$523,490
10%
2017
$7,881
3%
$475,900
—
2016
$7,657
9%
$477,000
16%
2015
$7,051
7%
$411,200
10%
2014
$6,605
9%
$373,527
10%
2013
$6,049
—
$339,570
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by People's Trust Realty

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5228 Calle Menorca, Sarasota, FL 34242 (MLS# TB8541886) is a Single Family property with 6 bedrooms and 4 full bathrooms. 5228 Calle Menorca is currently listed for $2,690,000 and was received on August 27, 2026. Want to learn more about 5228 Calle Menorca? Do you have questions about finding other Single Family real estate for sale in Sarasota? You can browse all Sarasota real estate or contact a Coldwell Banker agent to request more information.

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