Active

$1,199,999

Features:
  • 0 Bedrooms
  • 0 Bathrooms
  • 4146 sq ft
Overview
  • ID: MFRD6142396
  • Bedrooms: 0
  • Bathrooms: 0
  • Size: 4146 sq ft
Property Details
Remarks
This is a rare and exciting opportunity to own a highly desirable income-producing property on Manasota Key, a serene and charming beach town ideally positioned between the Gulf of Mexico and Lemon Bay. With deeded beach and bay access, this unique six-unit compound offers guests and investors the best of both worlds—easy access to sun-soaked beaches and tranquil waters perfect for kayaking. The property features a total of six units spread across a triplex and two additional buildings, along with separate on-site laundry facilities. The triplex includes two 2-bedroom, 1-bath units and one 2-bedroom, 2-bath unit. Building 117 offers a 2-bedroom, 1-bath unit and two cozy studio apartments. Building 115, formerly a 2-bedroom, 1-bath unit, has sustained fire damage and is being sold in “as-is” condition, providing a blank canvas for its new buyer to customize it to their liking. All units are beautifully decorated with a fresh beachy vibe and are being sold turnkey furnished. They feature luxury vinyl plank (LVP) flooring installed in 2024, newer stainless steel appliances (2024–2025), updated kitchens with white shaker-style cabinetry, and pull-out sofa sleepers for additional guest accommodations. Most of the windows on the exterior perimeter are impact-resistant for added peace of mind. The pool pump and heater were replaced in 2024–2025, and the roofs were redone in 2020. Outdoor amenities are designed to enhance the guest experience, with a beautifully paved patio area, BBQ grills, outdoor showers, a ping pong table, chaise lounges, and dining tables. A spacious swim spa with massage therapy jets, installed in 2015, adds a luxurious touch. Guests also enjoy the use of four kayaks and a quiet seating area at the end of Friendship Lane—perfect for watching boats & dolphins cruise by. Manasota Key is a hidden gem along Florida’s Gulf Coast, renowned for its laid-back atmosphere, scenic beauty, excellent shelling, shark tooth hunting, and unforgettable sunrises and sunsets. With its close proximity to local restaurants and public beaches, the location is ideal for both vacationers and long-term guests. This property has a strong rental history through platforms like VRBO, Airbnb, and Booking.com, offering investors an attractive stream of passive income in a high-demand vacation area. Sold “as-is” with rights to inspection, this property presents a compelling opportunity for investors seeking reliable rental income, long-term appreciation, and the unique lifestyle that only beachfront living can offer.
Financial Considerations
Price:
$1,199,999
HOA Fee:
N/A
Tax Amount:
$17938
Price per SqFt:
$289.44
Tax Legal Description:
CWS 001 0000 0002 S J CHADWICKS RESUB #1 LOTS 2 & 3 & W10 FT OF LT 4 ORIG LT 7 885/1721 1124/68 CT1437/1495 1523/1559 1660/405 1955/438 2037/507 CD2059/1999 3556/812 3595/660 3792/387 3841/285
Exterior Features
Lot Size:
9349
Lot Features:
FloodZone, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
Yes
Pool Features:
Gunite, Heated, In Ground
Interior Features
Bedrooms:
0
Bathrooms:
0
Heating:
Ductless
Cooling:
Wall/Window Unit(s)
Appliances:
Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Furnished:
Yes
Floor:
Luxury Vinyl
Levels:
N/A
Additional Features
Property Sub Type:
Multi Family
Style:
N/A
Year Built:
1946
Construction Type:
Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
Yes
Special Condition:
None
Additional Features:
Rain Gutters
Additional Features 2:
See Charlotte County Rules & Regs
Map
  • Address
    115 FRIENDSHIP LN
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