5 Beds
6 Baths
2,621 SqFt
5 Beds
6 Baths
2,621 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,621 sqft
Price per Sqft $324
Subdivision Tyler & Darling Add 01
MLS Listing ID O6328016
Bedrooms 5
Construction Status Completed
HOA Y/N No
Year Built 1951
Annual Tax Amount $10,056
Lot Size 0.510 Acres
Acres 0.51
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
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 units including two standalone cottages with original terrazzo floors
Spacious back patios with stunning sunset views over Lemon Bay
Directly adjacent 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, or refurbished shuffleboard court
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.
Location
State FL
County Sarasota
Community Tyler & Darling Add 01
Area 34223 - Englewood
Zoning RMF2
Rooms
Other Rooms Inside Utility, Storage Rooms
Interior
Interior Features Built-in Features, Cathedral Ceiling(s), Ceiling Fans(s), Kitchen/Family Room Combo, Primary Bedroom Main Floor, Vaulted Ceiling(s), Window Treatments
Heating Electric, Space Heater
Cooling Wall/Window Unit(s)
Flooring Ceramic Tile, Terrazzo
Furnishings Furnished
Fireplace false
Appliance Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
Laundry Common Area, Electric Dryer Hookup, Laundry Room, Washer Hookup
Exterior
Exterior Feature Courtyard, Garden, Outdoor Grill, Private Mailbox, Storage
Parking Features Circular Driveway, Common, Off Street
Utilities Available BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
Amenities Available Shuffleboard Court
View Y/N Yes
View Garden, Water
Roof Type Built-Up,Shingle
Porch Enclosed, Patio, Rear Porch
Garage false
Private Pool No
Building
Lot Description FloodZone, Near Public Transit, Paved
Entry Level One
Foundation Slab
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Structure Type Concrete,Stucco
New Construction false
Construction Status Completed
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Owner Financing, VA Loan
Listing Terms Cash, Conventional, Owner Financing, VA Loan
Special Listing Condition Real Estate Owned
Virtual Tour https://listings.textured.media/videos/01962f5c-65c2-7356-8900-48f604676f5f?v=236
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