941-235-7474

Listing Details for MLS #A4472202
529 Shore Rd, Nokomis, Fl

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    Residential Property - Single Family Residence in Nokomis

    Listing Price: $1,450,000 (Mortgage Calculator →)Days on Market: 105

    Description of Property

    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!The average asking price for a 7 bedroom/5 bath single family residence in this Zip code is $2,575,000. This single family residence is listed at about 56% of the average asking price. This is the only 7 bedroom/5 bath single family residence between $1,200,000 and $1,600,000 currently listed for sale in this Zip code.

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    Property Details At A Glance

    Property Type: Residential
    Property Use or Sub Type: Single Family Residence
    City: Nokomis
    County: Sarasota
    Subdivision: Acreage & Unrec / Nokomis
    Bedrooms: 7
    Bathrooms: 5
    Half Baths: 1
    Sq. Ft. Gross: 5,081
    Sq. Ft. Living Area: 3,541
    Cost per (heated) sqare foot: $409
    Year built: 1978
    Annual Tax: $11,600
    Homestead: No. This property does not currently have homestead exemption.
    Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.

    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

    Appliances:

    • Built-In Oven
    • Dishwasher
    • Disposal
    • Dryer
    • Electric Water Heater
    • Exhaust Fan
    • Ice Maker
    • Microwave
    • Refrigerator
    • Tankless Water Heater
    • Washer

    Fireplace: No

    Additional Rooms: Attic

    Flooring: Laminate, Tile

    Laundry Features:

    • Inside
    • In Garage
    • Laundry Room

    Schools

    Elementary School: Laurel Nokomis Elementary
    Middle/Junior High School: Laurel Nokomis Middle
    High School: Venice Senior High

    Pool & Waterfront Info

    Private Pool: Yes

    Pool Features:

    • Heated
    • In Ground
    • Salt Water
    • Screen Enclosure

    Water Access: No

    Exterior & Construction

    Rooms: 4

    Construction:
    • Block
    • Stucco
    • Wood Frame

    Foundation: Slab
    Roof: Metal, Shingle

    Exterior Features:
    • Fenced
    • Hurricane Shutters
    • Lighting
    • Outdoor Grill
    • Sidewalk

    Parking Features: Guest, Off Street
    Floors in Unit: One
    Cooling: Central Air, Mini-Split Unit(s)
    Heating & Fuel: Central, None

    Patio & Porch Features:

    • Covered
    • Enclosed
    • Screened

    Security Features:

    • Closed Circuit Camera(s)
    • Security Lights
    • Smoke Detector(s)

    View: Pool
    Fencing: Wood

    Utilities:

    • BB/HS Internet Available
    • Electricity Available
    • Electricity Connected
    • Public
    • Street Lights
    • Underground Utilities
    • Water Available
    • Water Connected

    Sewer: Septic Tank
    Water Source: Public
    Community Features: Pool

    Lot Information

    Lot Features:

    • In County
    • Level/Flat
    • Street Paved

    Flood Zone Code: X
    Flood Zone Date: 2020-03-27
    Acreage Description: 1/2 to less than 1
    Lot Size (acres): 0.92
    Lot Size (sq. ft.): 40,517 square feet
    Front Exposure: South
    Additional Parcels: Yes
    Additional Parcels Description: 0168160031,0168160034,0168160039

    Legal Description & Other Information

    Financing Available: Cash, Conventional
    Zoning: RMF1
    Tax Legal Desc.: BEG AT NE COR OF SEC 35-38-18, TH S ALG SEC LINE S 01 W 2393.2 FT TO NE COR OF AHO TRACT TH CONT SAME COURSE 75 FT FOR POB TH N 89-43 W 203 FT TH N 02-55 E 75 FT TH N 89-43 W 104.7 FT M/L TO NW COR
    Parcel Number: 0168160033
    Disclosures: Lead Paint, Seller Property Disclosure
    Section: 35
    Range: 18E
    Township: 38S

    Map

     

    Listing courtesy of S & D REAL ESTATE SERVICE LLC. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

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