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.
|
Additional Details
| Nearest MSA: |
North Port-Sarasota-Bradenton |
| County: |
Manatee |
| Tax ID/APN: |
6791600056 |
| 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 |
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 |
|
© Copyright 2001-2023 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither My Florida Commercial Real Estate nor
Moody's assume any liability for errors or omissions.
|
