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Sue LaGree

sue.lagree@engelvoelkers.com +1(727) 742-3369

$ 4,180,000

Est. payment -/mo

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1120 GULF BLVD Englewood, FL 34223

5,151 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 5,151 sqft

Price per Sqft $811

Subdivision Englewood Shores

MLS Listing ID D6147835

HOA Y/N No

Year Built 1960

Annual Tax Amount $17,580

Lot Size 0.400 Acres

Acres 0.4

Lot Dimensions 100x175

Property Sub-Type Multi-Family 5+

Source Stellar MLS

Property Description

Established 7-Unit Short-Term Vacation Rental Property on Manasota Key! Rare opportunity to purchase an established licensed short-term vacation rental property currently accommodating nightly, weekly, monthly, and seasonal rentals on the desirable southern end of Manasota Key. Offered as a package, the property consists of two adjacent buildings with a total of seven rental units. The Main House is a two-story building featuring five remodeled rental suites, including three 1-bedroom, 1-bathroom suites, one 2-bedroom, 1-bathroom suite on the lower level, and a spacious 3-bedroom, 2-bathroom suite occupying the entire upper level. The lower-level suites feature open floor plans, updated kitchens with granite countertops and stainless-steel appliances, updated bathrooms with tiled walk-in showers, and private outdoor patios. The upper-level 3-bedroom, 2-bathroom suite provides flexibility for owner occupancy or additional rental income and features a full kitchen, living area, ensuite primary bedroom, private balconies, and partial Gulf views. The Pool House is a renovated single-story duplex featuring two side-by-side 2-bedroom, 1-bathroom suites connected by a shared screened front porch and offering access to a private heated swimming pool and tiki bar area. Designed to create a memorable guest experience, the property features lush tropical landscaping, evening landscape lighting, private patios and outdoor seating areas for each suite, outdoor dining spaces, Weber grilling stations, outdoor showers, shell and shark tooth cleaning stations, on-site laundry facilities, and Wi-Fi. A two-car gathering garage provides additional guest space with lawn games, a full-size refrigerator with a freezer, a large-screen TV, and seating for 32. The Pool House offers even more amenities with a private heated swimming pool, tiki bar gathering area, and outdoor entertainment space. This setup allows for a multitude of rental options for large groups, families, or the single couple looking for a peaceful vacation spot. Located on the southern end of Manasota Key, the property is within walking distance of nearby beach access and just moments from Stump Pass Beach State Park. Guests enjoy convenient access to Gulf beaches, boating, fishing, shelling, wildlife viewing, waterfront dining, tiki bars and nightly entertainment, marinas, shopping, golf courses, and numerous local attractions. Few properties offer the combination of scale, flexibility, guest amenities, and island charm found in this unique Manasota Key investment offering, creating an exceptional opportunity in today's vacation rental market.

Location

State FL

County Charlotte

Community Englewood Shores

Area 34223 - Englewood

Zoning MMF7.5

Interior

Cooling Central Air, Wall/Window Unit(s)

Flooring Terrazzo, Tile

Appliance Dryer, Microwave, Refrigerator, Washer

Exterior

Parking Features Ground Level

Utilities Available BB/HS Internet Capable, Electricity Available, Public, Water Connected

View Y/N Yes

Water Access Yes

Water Access Desc Beach - Access Deeded

View Gulf/Ocean - Partial

Roof Type Shingle

Exposure Northeast

Building

Lot Description Landscaped, Near Golf Course, Oversized Lot, Paved

Story 2

Entry Level Two

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Block,Stucco

New Construction false

Others

Ownership Fee Simple

Acceptable Financing Cash, Commercial Financing, Private Financing Available

Listing Terms Cash, Commercial Financing, Private Financing Available

Special Listing Condition None

Virtual Tour https://drive.google.com/file/d/1-_0oU6Q5SamOBhw0Jk54o6o2TcrfNLCO/view?usp=drive_link

Listed by Carla Stiver, PA RE/MAX ALLIANCE GROUP

NEARBY SCHOOLS & PROPERTIES

Sue LaGree

Global Real Estate Advisor | License ID: SL3514458

+1(727) 742-3369

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