Active

$2,900,000

Features:
  • 9 Bedrooms
  • 6 Bathrooms
  • 7102 sq ft
Overview
  • ID: MFRA4696298
  • Bedrooms: 9
  • Bathrooms: 6
  • Size: 7102 sq ft
Property Details
Remarks
OVER $407,000 IN GROSS REVENUE GENERATED IN THE PAST 12 MONTHS WITH FUTURE BOOKINGS ALREADY ON THE CALENDAR! Welcome to Shangri-La, an extraordinary private waterfront resort spanning over 3.6 acres along the scenic Manatee River. Fully furnished, turnkey, and operating as a successful luxury vacation rental, this one-of-a-kind estate presents a rare opportunity to acquire both a trophy waterfront compound and a proven income-producing asset. Recently appraised at $3,100,000, Shangri-La is offered at an exceptional value while generating more than $407,000 in gross revenue over the past 12 months. Having established itself as one of Florida's premier luxury vacation rentals, this remarkable property offers both an unparalleled lifestyle and a proven track record of performance. Offering over 7,100 square feet of air-conditioned space, this remarkable property features 9 bedrooms, 5.5 bathrooms, and accommodations for up to 25 guests spread across the main residence and a private accessory dwelling unit. The outdoor amenities are exceptional. At the heart of the property lies a lagoon-style pool complemented by a custom rock waterfall and spa crafted by the renowned Lucas Lagoons team. Guests enjoy a covered waterfront pavilion with fire pit, private dock with jet ski access, a 20' x 40' tiki hut and tiki bar, outdoor kitchen, waterfront gazebo, private pickleball court, kayaks, paddleboards, and expansive grounds overlooking breathtaking Manatee River sunsets. Wraparound porches and a screened lanai provide the perfect place to relax and take in the views. The property offers parking for 30+ vehicles, an RV carport, and ample room for boats and trailers. Inside, the main residence is designed for both entertaining and relaxation. The riverfront primary suite offers stunning water views and a spa-inspired bath. The chef's kitchen is fully equipped for large groups and is complemented by a commercial refrigerator and freezer. Additional amenities include a private steam room, infrared sauna, massage chair, and an ADA-compliant bedroom and full bathroom. Recent improvements include updated pool equipment, newer HVAC systems, new Sealy Hybrid mattresses throughout, and a new 26.5 kW Generac whole-house generator capable of powering the property during outages. Entertainment options abound with a dedicated home theater, expansive game room featuring billiards, shuffleboard, ping pong, poker, and arcade games, a private fitness room, and a recently added illuminated dance floor. The private accessory dwelling unit contains two of the property's nine bedrooms along with a full bathroom and kitchenette, providing additional privacy and flexibility. Included in the sale are approximately 25 tables, more than 100 chairs, approximately 15 kayaks and paddleboards with life jackets, gym equipment, a mower, a 36-foot enclosed cargo trailer, an estimated $50,000 in tools, maintenance equipment and replacement parts, plus a 2018 Forest River three-stall restroom trailer valued at approximately $60,000. Conveniently located just minutes from Lakewood Ranch, IMG Academy, the Premier Sports Campus, and I-75, the property offers easy access to Tampa, St. Petersburg, Sarasota, and Florida's renowned Gulf Coast beaches. Whether you're seeking a luxury waterfront retreat or a high-performing short-term rental investment with an established track record, Shangri-La represents a truly rare opportunity on Florida's Gulf Coast.
Financial Considerations
Price:
$2,900,000
HOA Fee:
N/A
Tax Amount:
$14618
Price per SqFt:
$408.34
Tax Legal Description:
COM AT SE COR OF SW1/4 OF SEC 16, TH N 89 DEG 31 MIN 13 SEC E, ALG S LN OF SD SEC 16, 209.7 FT; TH ALG C/L OF A PRIVATE RD; N 14 DEG 50 MIN W, 354.3 FT; N 63 DEG 05 MIN W, 654.2 FT; N 25 DEG 30 MIN 49 SEC E, 65.12 FT FOR POB; TH CONT ALG SD C/L, 371. 11 FT; N 17 DEG 30 MIN W, 60.81 FT; TH S 86 DEG 30 MIN W, ALG A DITCH, 210 FT; TH ALG THE CENTER OF A LAGOON; S 33 DEG 39
Exterior Features
Lot Size:
158036
Lot Features:
N/A
Waterfront:
Yes
Parking Spaces:
N/A
Parking:
N/A
Roof:
Metal
Pool:
Yes
Pool Features:
Gunite, Heated, In Ground
Interior Features
Bedrooms:
9
Bathrooms:
6
Heating:
Central, Electric, Zoned
Cooling:
Central Air, Mini-Split Unit(s)
Appliances:
Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Ice Maker, Microwave, Refrigerator, Tankless Water Heater, Washer
Furnished:
Yes
Floor:
Carpet, Marble, Other, Tile, Vinyl
Levels:
Three Or More
Additional Features
Property Sub Type:
Single Family Residence
Style:
N/A
Year Built:
1995
Construction Type:
Block, Vinyl Siding, Frame
Garage Spaces:
Yes
Covered Spaces:
N/A
Direction Faces:
Southeast
Pets Allowed:
No
Special Condition:
None
Additional Features:
Balcony, Fire Pit, Garden, Hurricane Shutters, Lighting
Additional Features 2:
N/A
Map
  • Address
    1030 MILL CREEK RD
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