El Galeon By The Sea is the flagship Beachfront Destination at the El Galeon Resort facility. It is a Gulf front complex featuring a beautiful sandy beach overlooking the Gulf of Mexico. Unit 511 directly overlooks the wide, sandy beach on Manasota Key. The complex also has excellent docking facilities right across the road. There are a total of 19 units in this group of 3 buildings that surround the courtyard heated swimming pool. There is plenty of parking. Unit 511 is a 2 Bedroom 2 Bath located on the 2nd floor of the building. It is beautifully furnished and decorated and will be delivered to you 'Turn Key" and move in ready. The Central Heat and Air system was completely upgraded with a new system in 2022. The complex is very popular with vacation renters. Many advance bookings for the coming seasons come with the property if buyers are interested in renting the unit. It has a solid rental history with income averaging $50,000 per year. The complex does allow for short term, 1 week stays. The unit is almost completely occupied throughout this coming 2024 summer, showing appointments are absolutely required and preferred on Saturdays between rental turnovers.
Financial Considerations
Price:
$795,000
HOA Fee:
N/A
Tax Amount:
$9356.62
Price per SqFt:
$757.86
Tax Legal Description:
ETS 000 0000 0511 EL GALEON BY THE SEA UN 511 870/2146 948/1476 AFF1281/2006 1281/2008 1281/2009 1642/1887 L/E3373/983
Exterior Features
Lot Size:
65340
Lot Features:
CoastalConstruction Control Line, Flood Insurance Required, FloodZone, In County, Key Lot, Landscaped, Paved
Waterfront:
Yes
Parking Spaces:
N/A
Parking:
Assigned, Ground Level, Guest, Off Street
Roof:
Tile
Pool:
No
Pool Features:
Gunite, Heated, In Ground, Outside Bath Access
Interior Features
Bedrooms:
2
Bathrooms:
2
Heating:
Central, Electric, Heat Pump
Cooling:
Central Air, Humidity Control
Appliances:
Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer