Active

$995,000

Features:
  • 6 Bedrooms
  • 4 Bathrooms
  • 3452 sq ft
Overview
  • ID: MFRD6146143
  • Bedrooms: 6
  • Bathrooms: 4
  • Size: 3452 sq ft
Property Details
Remarks
Directly across from Stump Pass Marina and the ever-popular Lighthouse Grill, this FULLY RENOVATED IN 2025 TRIPLEX represents a high-demand, income-producing asset in one of Englewood’s most active waterfront corridors. With immediate access to boat docking, waterfront dining, live entertainment, and direct Gulf access within minutes, the location alone drives consistent year-round rental appeal. COMPLETELY REBUILT with longevity and efficiency in mind, the property features ALL-NEW PLUMBING, ROOF, WINDOWS, HVAC SYSTEMS, APPLIANCES, AND INTERIOR FINISHES — significantly reducing near-term capital expenditure. Offered FULLY FURNISHED AND TURNKEY, operations can begin immediately. The configuration is ideal for diversified income streams. TWO UPDATED 2-BEDROOM, 1-BATH UNITS (Unit A & B) offer strong short- or long-term rental potential, each with open-concept layouts and modern coastal finishes. A separate laundry structure with additional half bath and outdoor shower enhances guest appeal and functionality. The third (Unit C) 2-BEDROOM, 2-BATH UNIT serves as a premium rental option, distinguished by architectural character including pecky cypress walls, exposed beams, a stone feature wall, wood-burning fireplace, indoor grill, lofted entertainment space, and private laundry — commanding higher rental rates. Multiple units allow flexibility in strategy: operate as short-term vacation rentals, mid-term seasonal housing, long-term leases, or a hybrid model to maximize occupancy and revenue. The boating-centric location supports premium nightly rates and consistent demand from seasonal visitors, fishing enthusiasts, and waterfront lifestyle seekers. With strong tourism drivers, limited comparable multi-unit inventory in this immediate marina district, and walkability to dining and entertainment, this asset is positioned for both cash flow and long-term appreciation. For investors seeking a stabilized, low-deferred-maintenance property in a prime coastal location with built-in lifestyle demand, this opportunity checks the fundamental boxes: location, condition, flexibility, and income potential.
Financial Considerations
Price:
$995,000
HOA Fee:
N/A
Tax Amount:
$11668.48
Price per SqFt:
$288.24
Tax Legal Description:
GVC 000 0169 0001 GROVE CITY BLK169 LTS 1 2 3 & W1/2 OF VAC ALLEYWAY 340/718 342/932 430 /615 928/1618-25-JT VENTURE AGR PRO87-549 DC958-753 957-1528 1048-1926 AF1067-1490 1072-701 PR91-145 DC1166/1290 GUARD99-906 1735/1469 1929/625 PR22-944-NDJ
Exterior Features
Lot Size:
9771
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
6
Bathrooms:
4
Heating:
Central, Electric
Cooling:
Central Air
Appliances:
N/A
Furnished:
Yes
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Triplex
Style:
N/A
Year Built:
1983
Construction Type:
Block, Stucco, Frame, Wood Siding
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Outbuildings, French Doors, Outdoor Grill, Private Entrance, Storage
Additional Features 2:
N/A
Map
  • Address
    3155 WATERSIDE DR #A, B, C
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