PRIME GULF AND BAY MULTIFAMILY PROPERTY ON MANASOTA KEY. Discover a rare opportunity to own a multifamily asset with unmatched waterfront exposure on both the Gulf of Mexico and Lemon Bay. The Englewood Beach and Yacht Club is being offered for sale as-is, presenting a unique investment opportunity for repositioning,… Read More redevelopment, or long-term hold. This multifamily property consists of a total of 8,700 rentable square feet situated on 1.282 acres of land. Originally operated as a timeshare resort, the property has recently undergone legal conversion to full fee-simple ownership, with a termination of all timeshare interests. Key Features: Direct beachfront access with beach on the Gulf of Mexico. Bay frontage with access to Lemon Bay and the Intracoastal Waterway with no bridges to open waters. Boat docks (currently in need of repair). Unit sizes averaging 791 SF, with two-story buildings offering coastal charm. Zoned MMF12. Important Notes: Property is being sold as-is with no warranties or guarantees on condition. One building (Bay Side) was heavily damaged by Hurricane Ian in 2022. Another building (Gulf Side) was heavily damaged by Hurricane Milton in 2024. Structural repairs may be needed to pass future milestone inspections. Repair cost estimates and survey are not provided by the seller. Buyer to conduct their own due diligence. Location Highlights: Located on Manasota Key, a serene and less-commercialized barrier island. Walking distance to area restaurants, shops, and Englewood Public Beach. Close proximity to mainland Englewood and SR-776. This is a compelling opportunity for those seeking Gulf and Bay frontage, development potential, or adaptive reuse in a rapidly appreciating coastal market. Read Less
Courtesy of PARADISE EXCLUSIVE INC 941-698-0303
Listing Snapshot
Days Online
20
Last Updated
Property Type
Multi Family
Square Ft.
18,035
Lot Size
1.28 Acres
Year Built
1978
MLS Number
D6143093
30 Days Snapshot Of 34223
$475k
-10%
(avg) sold price
63
+23%
homes sold
121
+32%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Living Area Meters: 1675.51, Total Number of Buildings: 3, Building Area Total: 23031, Building Area Units: Square Feet, Construction Materials: "Frame", Levels: "Two", Living Area: 18035, Number Of Units Total: 21, Stories Total: 2, Year Built: 1978
Water Features
Water Access: Bay/Harbor, Beach, Water View: Bay/Harbor - Full, Beach, Bay Harbor Frontage: 200 Feet, Gulf Ocean Frontage: 50 Feet, Total Water Frontage: 250 Feet, Water Front Features: "Bay/Harbor", "Gulf/Ocean"
Lot
Lot Size Square Meters: 5188, Total Acreage: 1 to less than 2, 1.28 acres, 55844 square feet, Number Of Lots: 1
Property
Front Footage: 250, Vegetation: "Mature Landscaping", "Wooded", Zoning: MMF12
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