Active

$4,180,000

Features:
  • 12 Bedrooms
  • 8 Bathrooms
  • 5151 sq ft
Overview
  • ID: MFRD6147829
  • Bedrooms: 12
  • Bathrooms: 8
  • Size: 5151 sq ft
Property Details
Remarks
Established 7-Unit Short-Term Vacation Rental Property on Manasota Key! Rare opportunity to purchase an established licensed short-term vacation rental property currently accommodating nightly, weekly, monthly, and seasonal rentals on the desirable southern end of Manasota Key. Offered as a package, the property consists of two adjacent buildings with a total of seven rental units. The Main House is a two-story building featuring five remodeled rental suites, including three 1-bedroom, 1-bathroom suites, one 2-bedroom, 1-bathroom suite on the lower level, and a spacious 3-bedroom, 2-bathroom suite occupying the entire upper level. The lower-level suites feature open floor plans, updated kitchens with granite countertops and stainless-steel appliances, updated bathrooms with tiled walk-in showers, and private outdoor patios. The upper-level 3-bedroom, 2-bathroom suite provides flexibility for owner occupancy or additional rental income and features a full kitchen, living area, ensuite primary bedroom, private balconies, and partial Gulf views. The Pool House is a renovated single-story duplex featuring two side-by-side 2-bedroom, 1-bathroom suites connected by a shared screened front porch and offering access to a private heated swimming pool and tiki bar area. Designed to create a memorable guest experience, the property features lush tropical landscaping, evening landscape lighting, private patios and outdoor seating areas for each suite, outdoor dining spaces, Weber grilling stations, outdoor showers, shell and shark tooth cleaning stations, on-site laundry facilities, and Wi-Fi. A two-car gathering garage provides additional guest space with lawn games, a full-size refrigerator with a freezer, a large-screen TV, and seating for 32. The Pool House offers even more amenities with a private heated swimming pool, tiki bar gathering area, and outdoor entertainment space. This setup allows for a multitude of rental options for large groups, families, or the single couple looking for a peaceful vacation spot. Located on the southern end of Manasota Key, the property is within walking distance of nearby beach access and just moments from Stump Pass Beach State Park. Guests enjoy convenient access to Gulf beaches, boating, fishing, shelling, wildlife viewing, waterfront dining, tiki bars and nightly entertainment, marinas, shopping, golf courses, and numerous local attractions. Few properties offer the combination of scale, flexibility, guest amenities, and island charm found in this unique Manasota Key investment offering, creating an exceptional opportunity in today's vacation rental market.
Financial Considerations
Price:
$4,180,000
HOA Fee:
N/A
Tax Amount:
$17580
Price per SqFt:
$811.49
Tax Legal Description:
ENGLEWOOD SHORES BLK B LT 32 & SE/LY 1/2 LT 33 SIDE A, ENGLEWOOD SHORES BLK B LOT 32 & SE/LY 1/2 LT 33 SIDE B, ENGLEWOOD SHORES BLKB LTS 30 & 31
Exterior Features
Lot Size:
17500
Lot Features:
In County, Landscaped, Near Golf Course, Near Marina, Oversized Lot, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
Circular Driveway, Driveway, Garage Door Opener, Golf Cart Parking, Guest, Off Street, Reserved
Roof:
Shingle
Pool:
Yes
Pool Features:
Gunite, In Ground, Screen Enclosure
Interior Features
Bedrooms:
12
Bathrooms:
8
Heating:
Central, Space Heater
Cooling:
Central Air, Wall/Window Unit(s)
Appliances:
Dryer, Microwave, Range, Refrigerator, Washer
Furnished:
Yes
Floor:
Terrazzo, Tile
Levels:
Two
Additional Features
Property Sub Type:
Quadruplex
Style:
N/A
Year Built:
1960
Construction Type:
Block, Stucco
Garage Spaces:
Yes
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
Yes
Special Condition:
None
Additional Features:
Hurricane Shutters, Lighting, Outdoor Grill, Outdoor Shower, Private Entrance, Rain Gutters, Sidewalk
Additional Features 2:
N/A
Map
  • Address
    1120 GULF BLVD
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