Treetops Bay Condominiums

Multi-Family for Sale
Catylist Listing ID: 30804650
Property Subtypes: Duplex/Fourplex
Building Status: Proposed
Number of Units: 8 Units
Building Size (RSF): 18,408 SF
Gross Building Area: See Agent
Gross Land Area: 1.39 Acres
Sale Price: $4,950,000
Unit Price: $618,750 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Vacation Rental Income: Yes
Last Updated: 5/17/2023

Overview / Comments

Sarasota Bayfront Development Opportunity. Treetops Bay Condo features over 400 feet of coastline on 1.39 acres with spectacular views of Sarasota Bay and downtown Sarasota, four boat docks with one boat lift and two fully recently renovated turnkey condo units with the potential to expand six additional unit structures. The current property offering includes the existing two developed parcels (2424 & 2426) and two additional undeveloped parcels. The current owner is in the process to expand the potential build-out to eight total units (Site Plan Available). Both original units have recently been magnificently renovated throughout with high end finishes, hurricane rated doors, and new kitchen and bathrooms. The entire property is secured by a privacy wall and electronic gated entrance with security cameras. A shared elevator connects the garage level to the top floor. Both units come fully furnished with garage kayaks and paddle boards, an oversized two car tandem garage that could accommodate up to eight cars or possibly a RV/boat storage. Future development options to develop and sell additional condos units individually or keep for multi-family rental units for leasing, use for a family compound or events. Inquire with us for more information and private tours of the property.

Attachments & Media

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Manatee
Tax ID/APN: 6791600056
Community Amenities: Outdoor Pool
Airports: SRQ
Total Number of Buildings: 8
Property Condition: Excellent
Number of Stories: 3
Year Built: 1998
Year Renovated: 2022
Construction/Siding: Vinyl Siding
Parking Type: Surface
Passenger Elevators: 1
Laundry: In Each Unit
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Internet Access: Fiber Optic
Zoning Description: PDR
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,811 67,054 166,256
Median Age: 50.18 43.78 44.46
Households: 4,409 29,908 71,794


Photograph of Listing Agent

Brett Kaplan

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