$4,195,000
$55K PRICE DROP

Estimated payment $24,475/month

Total Views 4,823
4 Beds
4 Baths
2,990 Sq Ft
$1,403 Price per Sq Ft

Highlights

  • 154 Feet of Waterfront
  • Beach View
  • Deck
  • Laurel Nokomis School Rated A-
  • Open Floorplan
  • No HOA

About This Home

Beachfront Bliss on Casey Key – Rare Hotel-Zoned Investment Opportunity

Introducing Casey Key Retreat: a once-in-a-lifetime opportunity to own income-producing beachfront property on the highly desirable shores of Casey Key. Situated directly on the Gulf of Mexico, this exceptional offering is one of the few properties on the key that is fully licensed and zoned for motel/hotel use — a rare and valuable distinction offering significant income potential and flexibility.



Casey Key Retreat includes four turnkey, fully furnished 1-bedroom, 1-bath units, each with a living room and kitchen. This well-maintained complex is beloved by returning guests year after year and delivers strong, consistent rental performance. Some of the recent updates include a new roof (2022), impact doors and windows (2017), new AC units (2022), and relined sewer lines (2023), ensuring peace of mind and reduced maintenance for years to come.



Enjoy the ultimate coastal lifestyle: world-class fishing, a full-service marina, nature parks, pristine beaches, and an array of restaurants are all within a short distance. The peaceful, laid-back atmosphere of Casey Key paired with direct beach access makes this an irreplaceable location ideal for both investors and vacationers.



Please do not disturb tenants, look through windows, or speak to guests.



Whether you’re expanding your hospitality portfolio or looking for a dream beachfront retreat with strong rental income, Casey Key Retreat checks every box.



For more information, contact us today to schedule a viewing!

Listing Agent

Sam Beaugrand

LASBURY-TRACY REALTY INC. Brokerage Phone: 941-474-5585 License #3411431 Listed on: 05/02/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,865

Year Built

  • Built in 1979

Lot Details

  • 0.54 Acre Lot
  • 154 Feet of Waterfront
  • 77 Feet of Ocean or Gulf Waterfront
  • 77 Feet of Public Beach Waterfront

Home Design

  • Quadruplex
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Block Exterior
  • Vinyl Siding
  • Stucco

Interior Spaces

  • 2,990 Sq Ft Home
  • Open Floorplan
  • Combination Dining and Living Room
  • Beach Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Outdoor Shower
  • Balcony
  • Deck
  • Covered Patio or Porch
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Acreage & Unrec Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,865

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Construction Materials: Block, Stucco, Vinyl Siding, Frame
  • Fireplace: No
  • Living Area: 2990
  • Lot Size Acres: 0.54
  • New Construction: No
  • Year Built: 1979
  • Lot Size Sq Ft: 23567
  • Directions to Property: US 41 to Albee Road, west to Casey Key, Head north to 217 Casey. Property on Left. No sign in yard.
  • Status: Active
  • Ownership: Fee Simple
  • Escrow State: FL
  • List Office Head Office Key Nume: 1037878
  • RATIO Current Price By Calculate: 1403.01
  • Total Acreage: 1/2 to less than 1
  • Unit Number YN: 0
  • Water Access YN: 1
  • Water Frontage Feet Beach: 77
  • Attribution Contact: 941-474-5585
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Living Room/Dining Room Combo, Open Floorplan
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Street Number Modifier: 217
  • Living Area Meters: 277.78

Exterior Features

  • Exterior Features: Balcony, Outdoor Shower, Storage
  • Roof: Shingle
  • Pool Private: No
  • View: Water
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Rear Porch
  • Road Surface Type: Asphalt
  • Water Access: Beach
  • Water Extras YN: 0
  • Water View: Beach
  • Water View YN: 1
  • Waterfront Feet Total: 154
  • Flood Zone Date: 2024-03-27
  • Flood Zone Panel: 12115C0238G
  • Water Frontage Feet Gulf Ocean: 77

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Common Area
  • Sewer: Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: RMF1
  • Parcel Number: 0169070003
  • Additional Parcels: No
  • Flood Zone Code: X500
  • Lot Size Square Meters: 2189

Green Features

  • Green Verification Count: 0

Multi Family

  • Number Of Units Total: 4
  • Waterfront Features: Beach Front
  • Total Num Buildings: 1
  • Unit Count: 4

Tax Info

  • Tax Annual Amount: 27865
  • Tax Lot: NA

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $26,780 $2,207,996 -- --
2023 $26,780 $2,406,700 $2,075,200 $331,500
2022 $23,319 $1,968,000 $1,746,400 $221,600
2021 $21,325 $1,658,900 $1,435,800 $223,100
2020 $21,037 $1,602,900 $1,352,600 $250,300
2019 $20,091 $1,542,700 $1,352,600 $190,100
2018 $23,958 $1,858,400 $1,636,400 $222,000
2017 $18,721 $1,051,889 $0 $0
2016 $16,672 $1,426,300 $1,385,700 $40,600
2015 $14,961 $1,204,600 $1,164,000 $40,600
2014 $11,362 $794,600 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2025 06/06/25 Price Changed $4,195,000 -1.3% $1,403 / Sq Ft
05/02/2025 05/02/25 For Sale $4,250,000 -- $1,421 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $2,100,000 None Available
Warranty Deed $1,475,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $200,000 Credit Line Revolving
Previous Owner $1,000,000 Commercial
Source: Public Records

Source: Stellar MLS

MLS Number: D6142011

Stellar MLS

APN: 0169-07-0003