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$1,450,000
529 Shore Rd, Nokomis, FL 34275
7 Beds
6 Baths
3,541 sqft

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Rare income-producing as-is investment opportunity with significant value add in a desirable and growing area. 4 properties include 509, 529, 601 Shore Rd and multifamily vacant lot. Over $65,000 in reservations currently booked! These properties are all well established with glowing reviews on Airbnb and repeat guest stays. The owners website is fully set up and ready for you to take over with ease. There are 3 individual properties totaling 5 total units comprised of: 2-2b/1ba and 3-1b/1ba. Great VALUE ADD with a vacant lot zoned MFR1 with the ability to add a minimum of 3 more units, build up to 2,800 sqft to generate almost double the income. A current best use appraisal is available to confirm the value and potential these unique properties give you. Desirably located where renters pay to be, 1/2 a mile, 10 min walk to the beach and close to shops, restaurants and the Legacy Trail. The property is fully fenced with all units and parking inside by each one giving it a secure and private resort feel. Guests can use the heated, saltwater pool year-round. Located in the center for guest convenience, the screened-in pool is completely stand-alone with a paver patio and a sun shelf for lounging inside the pool. All units have been updated within the last 6 months, over $22,000 in renovations have been done. Each one is decorated in its own coastal theme and fully furnished. 5 have a private screened lanai and 1 is open with a waterfall. Easy check-ins with keyless entry. Guests also enjoy high-speed internet, free use beach towels, chairs, umbrellas, and bicycles. Unique income opportunities in this private setting for events such as family reunions, retreats, corporate functions and beach weddings. Currently, a maximum of 23 guests allowed and more after developing the vacant lot. Great investment opportunity to produce income whether you have a property manager or live in one and run your own business while living the wonderful Florida lifestyle!
  • Price:
  • $1,450,000
  • Bedrooms:
  • 7
  • Full Baths:
  • 5
  • Half Baths:
  • 1
  • Square Footage:
  • 3,541
  • Acreage:
  • 0.92
  • Year Built:
  • 1978
  • Listing ID #:
  • A4472202
  • Street Address:
  • 529 Shore Rd
  • City:
  • Nokomis
  • State:
  • Florida
  • Postal Code:
  • 34275
  • County:
  • Sarasota
  • Community:
  • 34275 - Nokomis/North Venice
  • Subdivision:
  • Acreage & Unrec
  • Listing Status:
  • Active
4
out of 5

Laurel Nokomis School
Public
School Grade Level K-8
School Students 1100 students
School Teachers 13 student/
teacher
4
out of 5

Venice Senior High School
Public
School Grade Level 9-12
School Students 2257 students
School Teachers 19 student/
teacher
  • Building Condition:
  • Completed
  • Building Faces:
  • South
  • Building Security:
  • Closed Circuit Camera(s), Security Lights, Smoke Detector(s)
  • Construction Description:
  • Block, Stucco, Wood Frame
  • Exterior Features:
  • Fenced, Hurricane Shutters, Lighting, Outdoor Grill, Sidewalk
  • Flooring:
  • Laminate, Tile
  • Foundation:
  • Slab
  • Interior Features:
  • Ceiling Fans(s), Eating Space In Kitchen, Living Room/Dining Room Combo, Open Floorplan, Pest Guard System, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Window Treatments
  • Patio Description:
  • Covered, Enclosed, Screened
  • Square Footage Source:
  • Appraiser
  • Stories:
  • One
  • Total Building Square Footage:
  • 3541
  • Type Of Roof:
  • Metal, Shingle
  • View:
  • Pool
  • Year Built:
  • 1978
  • Conforms To Zoning:
  • Rmf1
  • Lot Description:
  • In County, Level/Flat, Street Paved
  • Lot Square Footage:
  • 40517
  • Road Type:
  • Gravel, Paved
  • Total Number Of Lots:
  • 4
  • Can Be Leased:
  • Yes
  • Community Features:
  • Pool
  • Days On Market:
  • 101
  • Minimum Lease Term:
  • 1 Month
  • Terms:
  • Cash, Conventional
  • Property Taxes:
  • $11,600
  • Tax Year:
  • 2019
  • Laundry Description:
  • Inside, In Garage, Laundry Room
  • Other Rooms:
  • Attic
  • Total Rooms:
  • 4
  • Fence:
  • Wood
  • Parking Description:
  • Guest, Off Street
  • Pool:
  • 1
  • Pool Description:
  • Heated, In Ground, Salt Water, Screen Enclosure
  • Appliances:
  • Built-In Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Ice Maker, Microwave, Refrigerator, Tankless Water Heater, Washer
  • Cooling System:
  • Central Air, Mini-Split Unit(s)
  • Existing Water:
  • Public
  • Heating:
  • Central, None
  • Sewage Type:
  • Septic Tank
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By S & D REAL ESTATE SERVICE LLC
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    The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.
    MYFLR
  • Schools information provided by ATTOM

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