El Galeon By The Sea is the Flagship Beachfront Destination, at the El Galeon Resort facility on Manasota Key. It is a Gulf front complex featuring a beautiful sandy beach overlooking the Gulf of Mexico. The complex was affected by last years’ storms, but there was no water inside to the unit interiors. Some landscape restoration projects are still underway and “extra sand” is being moved. The beach is now immense here. Unit 511 directly overlooks the wide, sandy beach on Manasota Key with great sunset views. 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, with the 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 a year. The complex does allow for short term, 1 week stays. The unit is currently occupied for Winter Season 2025, and they are booking ahead for this coming Summer Season. Showing appointments are absolutely required and preferred on Saturdays between rental turnovers.
Financial Considerations
Price:
$699,000
HOA Fee:
N/A
Tax Amount:
$10040
Price per SqFt:
$666.35
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:
Yes
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