Active

$499,900

Features:
  • 3 Bedrooms
  • 2 Bathrooms
  • 1536 sq ft
Overview
  • ID: MFRD6142352
  • Bedrooms: 3
  • Bathrooms: 2
  • Size: 1536 sq ft
Property Details
Remarks
FABULOUS WATERFRONT VIEWS DIRECTLY ON LEMON BAY AND DEEDED BEACH ACCESS!! If you are a buyer searching for the ideal remedy for the winter blues or an investor seeking an income-producing property, look no further. TWO income-producing units with direct access to Lemon Bay and its breathtaking sunrises are now available for the price of ONE. Upstairs, you will find Unit 2-A, a 2-bedroom, 1-bath light-filled unit with picturesque views of Lemon Bay. The kitchen opens to the living area, making the unit feel spacious and comfortable. The upstairs unit has sliders in the primary bedroom and kitchen that open to a lanai, gracefully integrating the indoor and outdoor living areas. Here, you can enjoy the balmy breezes over the bay while dining al fresco to the backdrop of beautiful Lemon Bay. A secondary bedroom is also available for additional sleeping quarters when needed. Unit 2-B is on the ground level and has been renovated, with an updated kitchen and bath. A large bedroom was designed to comfortably accommodate owners or their guests, with enough room for a King-sized bed. Sliders open to a covered patio featuring the picturesque view of Lemon Bay, where the dolphins play, and if you are lucky, you will spot a manatee basking in the sun. For added convenience, a washer and dryer are located in each unit, and impact windows and sliders have been installed throughout the building. Palm Bay is a charming 10-unit complex located within one mile, as the seagull flies, of Englewood Beach, with deeded beach access within a short walk across the street. All units showcase spectacular sunrise views over Lemon Bay, and a short walk to the beach allows one to enjoy panoramic sunset views. Boating enthusiasts will appreciate the community dock, which is available on a first-come basis. Shopping, restaurants, and boat rentals are readily available nearby. Both units are sold furnished, so what are you waiting for? Call today to schedule a private showing and prepare to be captivated by the allure of Manasota Key and its laid-back beach vibe, where your vacation never has to end. PLEASE NOTE: In addition to Units 2/A-2/B, Units 1/A-1/B (MLS# D6141045), 3/A-3/B (MLS# D6141044), and 4/A-4/B (MLS # D6141049) are available for purchase, creating the opportunity to attain 4/5 majority (8 of 10 units) ownership in the complex.
Financial Considerations
Price:
$499,900
HOA Fee:
N/A
Tax Amount:
$5463.97
Price per SqFt:
$325.46
Tax Legal Description:
PBC 000 0000 0002 PALM BAY UN 2 702/30 1061/821 1078/1438 AFF1445/142-BP 1445/143 2972/642 3363/885
Exterior Features
Lot Size:
884
Lot Features:
FloodZone, In County
Waterfront:
Yes
Parking Spaces:
N/A
Parking:
Assigned, Guest
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
3
Bathrooms:
2
Heating:
Central, Electric
Cooling:
Central Air
Appliances:
Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
Furnished:
Yes
Floor:
Carpet, Ceramic Tile
Levels:
One
Additional Features
Property Sub Type:
Condominium
Style:
N/A
Year Built:
1981
Construction Type:
Block, Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
West
Pets Allowed:
Yes
Special Condition:
None
Additional Features:
Balcony, Sliding Doors
Additional Features 2:
N/A
Map
  • Address
    5041 N BEACH RD #2A and 2B
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