Amazing opportunity to purchase this hurricane damaged Waterfront Villa in Admiralty Villas which is a Gulf to Bay property located on Beautiful Manasota Key. This condo was sold in May 2022 for $775,000. The HOA is responsible for fixing up the entire exterior of the unit and the buyers will have the option to either allow the HOA to fix up the inside as well or fix up the inside themselves and will be reimbursed up to $87,000 towards qualified repairs. We have a contractor all lined up that will completely finish the entire inside for under $80,000. The buyers will be "All In" completely repaired at the purchase price, and will have a ton of instant equity! The $15,000 Special Assessment for the hurricane damage will be paid in full by sellers. Admiralty Villas is a quaint old Florida style community with access to community boat docks on a first come first serve basis (once repaired), Heated Community Pool and Deeded Beach Access right across the street. Located less than 1 mile to fine dining restaurants, amazing bars and pubs, and is completely surrounded by world class fishing and boating. Come and take a look at this amazing opportunity today!
Financial Considerations
Price:
$599,900
HOA Fee:
3092
Tax Amount:
$5405
Price per SqFt:
$479.92
Tax Legal Description:
ADV 000 0000 C8-1 ADMIRALTY VILLAS UN C-8-1 388/159 443/60 509/141 554/479 DC941/437 943/1904 952/903 AFF3364/1484-DMT JR 3364/1491 3866/1969