Incredible 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 less than 1/2 mile from the Lemon Bay Sunrise Park with a public boat launch, picnic pavillion and restroom facilities. Three of the buildings have just received new roofs in 2025 and all units come fully furnished. 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!
Property Details
Property Features Property Features
MLS ID: MFRO6306945 Year Built: 1951
Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer Building Features: Furnished, Outside Storage
Construction Materials: Block, Stucco Cooling: Wall/Window Unit(s)
Country: US County Or Parish: Sarasota
Direction Faces: Undetermined Electric: Separate Meters
Flooring: Ceramic Tile, Terrazzo, Tile Foundation Details: Slab
Heating: None Levels: One
Listing Agreement: Exclusive Right To Sell Listing Terms: Cash, Conventional, Owner Financing
Lot Features: Landscaped, Oversized Lot, Paved Occupant Type: Vacant
Parking Features: Parking Spaces - 6 to 12 Possession: Close Of Escrow
Property Condition: Completed Property Sub Type: Multi Family
Property Type: Commercial Sale Road Frontage Type: City Street
Road Surface Type: Asphalt Roof: Built-Up, Shingle
Sewer: Public Sewer Showing Requirements: ShowingTime
Special Listing Conditions: Real Estate Owned Standard Status: Active
State Or Province: FL Utilities: Electricity Available, Public, Water Connected
Vegetation: Wooded Water Source: Public
Window Features: Blinds, Drapes
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