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Incredible Investor Opportunity for this 6 unit, multi-family property in highly desirable Englewood location just steps from Lemon Bay, 1.5 miles from all the shops and restaurants on historic Downtown Dearborn Street and a short 2 mile drive to the world famous sandy beaches of Manasota Key! Comprised of six 1 bed/1 bath cottages, the four detached buildings are grouped around a central public courtyard with multiple patio areas, built-in BBQs and a shuffle board court. For over 20+ years this signature property was part of the Englewood Lighthouse Resort and exudes old Florida charm with a lighthouse theme throughout. It's literally just steps from the Lemon Bay Sunrise Park with a public boat launch, picnic pavillion and restroom facilities. Three of the buildings have just received brand new roofs in 2025 and all units come fully furnised. The two stand alone cottages on the western side of the property feature original terrazzo floors and large back patios with views of the gorgeous sunsets over Lemon Bay. Uses include both long term rentals or possible vacation rentals. Increase the value by adding a pool or hot tub to the central courtyard. Now is your opportunity to own this piece of the old world, laid back Florida beach life that has been wooing locals and enticing snowbirds for years. This rental property is truly for those that embrace the Salt Life!
FORECLOSURE
This listing may be a bank owned (foreclosed) property.
| DAYS ON MARKET | 17 | LAST UPDATED | 5/8/2025 |
|---|---|---|---|
| TRACT | TYLER & DARLING ADD 01 | YEAR BUILT | 1951 |
| COMMUNITY | 34223 - Englewood | COUNTY | Sarasota |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Dryer, Microwave, Refrigerator, Washer |
| AREA | 34223 - Englewood |
| CONSTRUCTION | Block, Stucco |
| EXTERIOR | Storage |
| HEAT | None |
| LOT | 0.51 acre(s) |
| LOT DESCRIPTION | Landscaped, Paved, Wooded |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | TYLER & DARLING ADD 01 |
| TAXES | 10056.84 |
| UTILITIES | Electricity Available, Water Connected |
| WATER | Public |
| WATER ACCESS | LEMON BAY |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Joseph Mooradian, REAL BROKER, LLC, 855-450-0442
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 5/24/25 1:48 AM PDT.
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