Active

$850,000

Features:
  • 5 Bedrooms
  • 6 Bathrooms
  • 2621 sq ft
Overview
  • ID: MFRO6328016
  • Bedrooms: 5
  • Bathrooms: 6
  • Size: 2621 sq ft
Property Details
Remarks
Prime Investor Opportunity – 6-Unit Income Property Near Lemon Bay & Englewood Beach! Seize the chance to own a rare, income-producing property just steps from Lemon Bay and 1.5 miles from the charming historic West Dearborn Street district, with its boutiques, dining, and entertainment. Only 2 miles to Englewood Beach, this location offers unbeatable access to Gulf Coast lifestyle and high rental demand. For over two decades, this property was part of the Englewood Lighthouse Resort, showcasing Old Florida charm with a signature lighthouse theme. The property includes three brand-new roofs and comes fully furnished, making it turnkey for your investment strategy. Property Highlights: 6 rentable units including two standalone cottages with original terrazzo floors Spacious back patios with stunning sunset views over Lemon Bay Directly adjacent to Lemon Bay Park with public boat launch, picnic pavilion, and restrooms Flexible use potential for long-term rentals (LTR) or short-term vacation rentals (STR) Opportunities to add value with a pool, hot tub, or refurbished shuffleboard court This is more than a property—it’s a strategic investment in one of Southwest Florida’s most desirable coastal markets. Whether you plan to maximize STR income or maintain steady LTR cash flow, the location, condition, and future potential make this a must-see for investors seeking both asset appreciation and immediate returns.
Financial Considerations
Price:
$850,000
HOA Fee:
N/A
Tax Amount:
$10056.84
Price per SqFt:
$324.3
Tax Legal Description:
ELY 185 FT OF LOT 2 & PORTION OF LOT 1 DESC AS COM AT NE COR LOT 1 TH N-86-49-51-W 70.27 FT FOR POB TH S-03-10-09-W 3.54 FT TH N-84-29-23-W 45.73 FT TH N-03-10-09-E 1.67 FT TH S-86-49-51-E 45.69 FT
Exterior Features
Lot Size:
22333
Lot Features:
FloodZone, Near Public Transit, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
Circular Driveway, Common, Off Street
Roof:
Built-Up, Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
5
Bathrooms:
6
Heating:
Electric, Space Heater
Cooling:
Wall/Window Unit(s)
Appliances:
Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
Furnished:
Yes
Floor:
Ceramic Tile, Terrazzo
Levels:
One
Additional Features
Property Sub Type:
Multi Family
Style:
N/A
Year Built:
1951
Construction Type:
Concrete, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
Yes
Special Condition:
Real Estate Owned
Additional Features:
Courtyard, Garden, Outdoor Grill, Private Mailbox, Storage
Additional Features 2:
Property had previously been granfathered with no rental restrictions and allowing daily rentals. However, Agent/Buyer should verify with local & county planning and zoning deptartments to verify if less than 30 day rental will continue to be allowed.
Map
  • Address
    784 S MCCALL RD
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