Property
Beds
5
Full Baths
None
1/2 Baths
None
Year Built
1951
Sq.Footage
2,621
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, fully furnished 1/1 units including two standalone cottages with original terrazzo floors. Spacious patios with stunning sunset views over Lemon Bay. Just a short drive/walk 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, coin-op laundry, and more. 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.
Features & Amenities
Interior
-
Other Interior Features
Built-in Features, Cathedral Ceiling(s), Vaulted Ceiling(s)
-
Total Bedrooms
5
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Wall/Window Unit(s)
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Electric, Space Heater
-
Pet friendly
Yes
Exterior
-
Garage
No
-
Construction Materials
Concrete, Stucco
-
Other Exterior Features
Courtyard, Garden, Outdoor Grill, Storage
-
Parking
Circular Driveway, Common, Off Street
-
Patio and Porch Features
Enclosed, Patio, Rear Porch
-
Pool
No
-
Waterfront YN
NO
-
View
Water, Garden
Area & Lot
-
Lot Features
Near Public Transit, Paved
-
Lot Size(acres)
0.51
-
Property Type
Residential Income
-
Property Sub Type
Multi Family
Price
-
Sales Price
$775,000
-
Tax Amount
10056.84
-
Sq. Footage
2, 621
-
Price/SqFt
$295
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Association Amenities
Shuffleboard Court
-
Foundation Details
Slab
-
Ownership
Fee Simple
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
2
-
Water Source
Public
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Location
County
Sarasota
Elementary School
Middle School
High School
Listing Courtesy of Joseph Mooradian , REAL BROKER, LLC
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