• 7 Beds
  • 6 Baths
  • 3,541 sq ft
  • 40,517 lot
  • $1,499,000
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Rare income-producing as-is investment opportunity with significant value add in a desirable and growing area. 4 properties include 509, 529, 601 Shore Rd and multifamily vacant lot. Over $65,000 in reservations currently booked! These properties are all well established with glowing reviews on Airbnb and repeat guest stays. The owners website is fully set up and ready for you to take over with ease. There are 3 individual properties totaling 5 total units comprised of: 2-2b/1ba and 3-1b/1ba. Great VALUE ADD with a vacant lot zoned MFR1 with the ability to add a minimum of 4 more units, build up to 2,800 sqft to generate almost double the income. A current “best use” appraisal is available to confirm the value and potential these unique properties give you. Desirably located where renters pay to be, 1/2 a mile, 10 min walk to the beach and close to shops, restaurants and the Legacy Trail. The property is fully fenced with all units and parking inside by each one giving it a secure and private resort feel. Guests can use the heated, saltwater pool year-round. Located in the center for guest convenience, the screened-in pool is completely stand-alone with a paver patio and a sun shelf for lounging inside the pool. All units have been updated within the last 6 months, over $22,000 in renovations have been done. Each one is decorated in its own coastal theme and fully furnished. 5 have a private screened lanai and 1 is open with a waterfall. Easy check-ins with keyless entry. Guests also enjoy high-speed internet, free use beach towels, chairs, umbrellas, and bicycles. Unique income opportunities in this private setting for events such as family reunions, retreats, corporate functions and beach weddings. Currently, a maximum of 23 people allowed and an additional 24 people after developing the vacant lot. Great investment opportunity to produce income whether you have a property manager or live in one and run your own business while living the wonderful Florida lifestyle!
MLS #A4472202Days on Market28
Last Updated7/16/2020Year Built1978
TractACREAGE & UNRECCommunityNokomis/North Venice
CountySarasotaStatusActive
Property Type(s)Residential, Single Family Residence

Additional Features & Details

Additional Lease Restrictions
  • Verify with County.
Additional Parcels Description
  • 0168160031
  • 0168160034
  • 0168160039
Additional Parcels YN
  • 1
Additional Rooms
  • Attic
Appliances
  • Built-In Oven
  • Dishwasher
  • Disposal
  • Dryer
  • Electric Water Heater
  • Exhaust Fan
  • Ice Maker
  • Microwave
  • Refrigerator
  • Tankless Water Heater
  • Washer
Association Approval Required YN
  • 0
Association YN
  • 0
Available For Lease YN
  • 1
Building Area Source
  • Appraiser
Building Area Total
  • 5081.00
Community Features
  • Pool
Construction Materials
  • Block
  • Stucco
  • Wood Frame
Cooling
  • Central Air
  • Mini-Split Unit(s)
Country
  • US
County Or Parish
  • Sarasota
Direction Faces
  • South
Disclosures
  • Lead Paint
  • Seller Property Disclosure
Exist Lse Tenant YN
  • 0
Exterior Features
  • Fenced
  • Hurricane Shutters
  • Lighting
  • Outdoor Grill
  • Sidewalk
Fencing
  • Wood
Fireplace YN
  • 0
Flood Zone Code
  • X
Flood Zone Date
  • 2020-03-27
Flooring
  • Laminate
  • Tile
Foundation Details
  • Slab
Furnished
  • Furnished
Garage YN
  • 0
Heating
  • Central
  • None
Homestead YN
  • 0
Interior Features
  • Ceiling Fans(s)
  • Eating Space In Kitchen
  • Living Room/Dining Room Combo
  • Open Floorplan
  • Pest Guard System
  • Solid Surface Counters
  • Solid Wood Cabinets
  • Split Bedroom
  • Thermostat
  • Window Treatments
Laundry Features
  • In Garage
  • Inside
  • Laundry Room
Levels
  • One
List Agent AOR
  • Sarasota - Manatee
List AOR
  • Lakeland
List Office URL
  • http://www.CottagesToLuxury.com
Listing Terms
  • Cash
  • Conventional
Living Area
  • 3541.00
Lot Features
  • In County
  • Level/Flat
  • Street Paved
Minimum Lease
  • 1 Month
MLS Area Major
  • 34275 - Nokomis/North Venice
Mls Status
  • Active
New Construction YN
  • 0
Number Of Lots
  • 4
Parking Features
  • Guest
  • Off Street
Patio And Porch Features
  • Covered
  • Enclosed
  • Screened
Pool Features
  • Heated
  • In Ground
  • Salt Water
  • Screen Enclosure
Pool Private YN
  • 1
Property Condition
  • Completed
Property Sub Type
  • Single Family Residence
Property Type
  • Residential
Public Survey Range
  • 18E
Public Survey Section
  • 35
Roof
  • Metal
  • Shingle
Room Count
  • 4
Security Features
  • Closed Circuit Camera(s)
  • Security Lights
  • Smoke Detector(s)
Senior Community YN
  • 0
Sewer
  • Septic Tank
Special Listing Conditions
  • None
Subdivision Name
  • ACREAGE & UNREC
Tax Annual Amount
  • 11600.00
Tax Year
  • 2019
Total Acreage
  • 1/2 Acre to 1 Acre
Utilities
  • BB/HS Internet Available
  • Electricity Available
  • Electricity Connected
  • Public
  • Street Lights
  • Underground Utilities
  • Water Available
  • Water Connected
View
  • Pool
Water Access YN
  • 0
Water Extras YN
  • 0
Water Source
  • Public
Water View YN
  • 0
Waterfront Feet Total
  • 0
Waterfront YN
  • 0
Year Built
  • 1978
Zoning
  • RMF1

Neighborhood Map

Zestimate Details for: 529 Shore Road, NOKOMIS, FL

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