$1,000,000
PENDING $700K PRICE DROP

Estimated payment $6,988/month

Total Views 8,045
6 Beds
6 Baths
2,940 Sq Ft
$340 Price per Sq Ft

Highlights

  • Water access To Gulf or Ocean
  • Laundry Room
  • Heating Available
  • No HOA

About This Home

Short Sale. INVESTOR ALERT: Now is your opportunity to invest on Manasota Key. These units are now being sold "AS IS". 5 Units, 6 bedrooms & 6 Bathrooms - One Duplex and a Triplex on the same lot. Tropical Treehouse is a 2-bedroom unit upstairs that is gorgeously updated unit as shown in pictures. Live in while remodeling the lower units. Lower units flooded - need work. Laundry space on sight. This is a rare chance for investors looking to expand their real estate portfolio on picturesque Manasota Key. Located in a peaceful, laid-back beach town with no fast-food chains or traffic lights, this property offers the perfect retreat for families, couples, or groups of friends. Experience stunning sunrises over Lemon Bay and vibrant sunsets over the Gulf of Mexico. The pristine white-sand beaches of Manasota Key are just moments away, offering endless opportunities for exploration. Local restaurants offering fresh seafood and live music complete the experience, making this property the ultimate slice of paradise. All lower level units flooded.

Listing Agent

Tammy Kitt

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-951-6660 License #3315954 Listed on: 11/05/2024

MICHAEL SAUNDERS & COMPANY

Co-Listing Agent

Cherry Jaramillo

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-951-6660 License #3406953

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,600

Year Built

  • Built in 1956

Home Design

  • 2,940 Sq Ft Home
  • Slab Foundation
  • Metal Roof
  • Block Exterior

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Utilities

  • No Cooling
  • Heating Available
  • Cable TV Available

Additional Features

  • Laundry Room
  • Water access To Gulf or Ocean
  • 9,193 Sq Ft Lot

Community Details

  • No Home Owners Association
  • 5 Units
  • Englewood Shores Community
  • Englewood Shores Re Subdivision

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 411913227005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,600

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Multi Family
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 2940
  • Lot Size Acres: 0.21
  • New Construction: No
  • Year Built: 1956
  • Lot Size Sq Ft: 9193
  • Directions to Property: 776 to Beach Road, right on Beach Road to Manasota Key to Gulf Blvd - property is on the right.
  • Status: Pending
  • Co List Office Mls Id: MFR281504998
  • Co List Office Phone: 941-951-6660
  • Ownership: Fee Simple
  • Escrow State: FL
  • List Office Head Office Key Nume: 1046728
  • RATIO Current Price By Calculate: 340.14
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 1
  • Attribution Contact: 941-951-6660
  • Tax Year: 2023
  • Special Features: 4108

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Other
  • Foundation Details: Slab
  • Total Bedrooms: 6
  • Street Number Modifier: 1290
  • Living Area Meters: 273.13

Exterior Features

  • Exterior Features: Other
  • Roof: Metal
  • Pool Private: No
  • Water Body Name: MANASOTA KEY
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water Access: Gulf/Ocean
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Water Connected
  • Cooling: None
  • Heating: Electric
  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: MMF7.5
  • Parcel Number: 411913227005
  • Additional Parcels: No
  • Flood Zone Code: AE
  • Homestead YN: 0
  • Lot Size Square Meters: 854

Green Features

  • Green Verification Count: 0

Multi Family

  • Number Of Units Total: 5
  • Total Num Buildings: 1
  • Unit Count: 5

Tax Info

  • Tax Annual Amount: 18600.18
  • Tax Lot: 4

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $18,600 $892,225 $327,250 $564,975
2023 $18,600 $785,200 $0 $0
2022 $17,001 $777,446 $303,875 $473,571
2021 $16,230 $717,756 $257,125 $460,631
2020 $15,411 $694,165 $257,125 $437,040
2019 $13,216 $517,992 $233,750 $284,242
2018 $11,084 $512,255 $233,750 $278,505
2017 $8,585 $470,181 $233,750 $236,431
2016 $8,023 $318,437 $0 $0
2015 $7,605 $289,488 $0 $0
2014 $7,264 $263,171 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2025 07/23/25 Pending -- -- --
07/14/2025 07/14/25 Price Changed $1,000,000 -16.7% $340 / Sq Ft
03/31/2025 03/31/25 Price Changed $1,200,000 -25.0% $408 / Sq Ft
12/18/2024 12/18/24 Price Changed $1,600,000 -5.9% $544 / Sq Ft
11/05/2024 11/05/24 For Sale $1,700,000 -- $578 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Corporate Deed $280,000 Msc Title Inc
Deed -- --
Warranty Deed $290,900 --
Warranty Deed $90,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $990,000 New Conventional
Closed $525,000 Commercial
Closed $210,000 Commercial
Previous Owner $60,000 Unknown
Previous Owner $100,000 Commercial
Source: Public Records

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Source: Stellar MLS

MLS Number: N6135222

Stellar MLS

APN: 411913227005