$12,500,000
$3M PRICE DROP

4520 S Biscayne Dr North Port, FL 34287

Estimated payment $74,338/month

Total Views 18,465
84 Beds
56 Baths
42,140 Sq Ft
$297 Price per Sq Ft

Highlights

  • In Ground Pool
  • Cathedral Ceiling
  • Balcony
  • 7.78 Acre Lot
  • No HOA
  • Crown Molding

About This Home

Welcome to a great opportunity to own the Luxury 28 Condominium Homes in the desirable city of North Port, Sarasota County. Infrastructure is already in place, including underground utilities for an additional 13 lots to be developed into an additional 78 condo units. See the attached plot site plan.
Large community pool. NO HOA OR CDD. Situated in a vibrant and thriving community minutes away from Warm Mineral Springs, this property promises a lifestyle filled with abundant sunshine, natural beauty, and coastal charm. This complex benefits from its prime location, offering easy access to an array of amenities and attractions. These are the many upgrades and meticulous upkeeps of this spectacular complex. A new metal roof was installed on all units in 2022 . Public water and Public sewer. Luxury apartments with tenants already in place. Almost 8-acre limited-access complex with two entries. Living area: total under the roof: 1852 square feet; 3 bedrooms; 2 bathrooms. Fully enclosed structures with hurricane-resistant windows and doors (130 mph wind rating).All buildings on property have new metal roofs completed on 12-21-2022 with a 10-year installation warranty and a 25-year metal alliance warranty. Detached Single-car, oversized garage for parking and storage.Complete GE brand appliance package.
Raised panel cabinets.Granite countertops in kitchens and baths. All ceiling fans and lighting fixtures are included. Approximately 3600 square foot recreation/meeting building with a wet bar in the kitchen. Security system, with optional monitoring. 9.4 ceilings. Screened lanai. Covered/lighted entry. Stacked washer and dryer in the units.Crown molding. Colonial trim. Tankless water heater. 79 parking spaces and one car oversized garage each unit. Do not miss out on this exceptional opportunity to craft your dream investment in a prime location. Schedule a showing today and begin envisioning the endless possibilities offered by this remarkable property in Sarasota County! Discover the nearby pristine Gulf beaches, where you can bask in the sun, partake in water activities, or simply relish the tranquility of the ocean. Embark on nautical adventures from the conveniently located marinas, allowing you to explore the region's captivating waterways and nearby islands. Fishing enthusiasts will delight in the world-class fishing opportunities, while golf enthusiasts can indulge in a variety of renowned golf courses. North Port is known for its thriving shopping and dining scene, featuring a diverse range of retail centers, boutiques, and restaurants. Immerse yourself in the vibrant downtown area, boasting charming shops, art galleries, and entertainment venues. The city hosts numerous cultural events, festivals, and community gatherings throughout the year, ensuring there's always something exciting happening. Lose yourself in the beauty of Charlotte Harbor Preserve State Park, where scenic trails, wildlife sightings, and peaceful waterways await exploration. Myakka River State Park is another nearby gem, enchanting visitors with its stunning landscapes and diverse flora and fauna. Nature enthusiasts will find endless opportunities to connect with the outdoors just moments away from this property. North Port also boasts excellent educational institutions and reliable medical facilities. Schedule a showing today and begin envisioning the endless possibilities offered by this remarkable property!

Listing Agent

Regina Melman

RE/MAX PALM REALTY OF VENICE Brokerage Phone: 941-451-2025 License #3455400 Listed on: 03/27/2024

RE/MAX PALM REALTY OF VENICE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $99,908

Year Built

  • Built in 2008

Lot Details

  • 7.78 Acre Lot
  • Irrigation Equipment

Parking

  • 28 Car Garage
  • Garage Door Opener
  • Driveway
  • Guest Parking

Home Design

  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 42,140 Sq Ft Home
  • Crown Molding
  • Cathedral Ceiling
  • Ceiling Fan
  • Laundry in unit

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 84 Bedrooms
  • 56 Bathrooms

Outdoor Features

  • In Ground Pool
  • Balcony
  • Exterior Lighting
  • Outdoor Storage
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 28 Units
  • 339,090 Sq Ft Building
  • Emerald Oaks Community
  • Port Charlotte Sub 43 Subdivision

Listing and Financial Details

  • Legal Lot and Block 1 / 29
  • Assessor Parcel Number 0996002904

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$99,908

Year Built

Built in 2008

Lot Details

0

Parking

28

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 42140
  • Lot Size Acres: 7.78
  • New Construction: No
  • Year Built: 2008
  • Building Area Total: 339090
  • Lot Size Sq Ft: 339090
  • Directions to Property: From I-75, exit 182 Sumter Blvd. Head south on Sumter Blvd. Turn right and head west on Price Blvd. Turn left and head south on Glenallen St. Turn left and head south on S Biscayne Dr. I-75 south, River Road exit 191, south to RT 41, east (left) to left on Biscayne
  • Status: Active
  • Street Direction: S
  • Ownership: Fee Simple
  • Escrow State: FL
  • List Office Head Office Key Nume: 1045793
  • RATIO Current Price By Calculate: 296.63
  • Total Acreage: 5 to less than 10
  • Unit Number YN: 0
  • Water Access YN: 0
  • MFR_DockYN: 0
  • Attribution Contact: 941-451-2025
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fans(s), Crown Molding, High Ceilings, Thermostat
  • Foundation Details: Slab
  • Total Bedrooms: 84
  • Other Equipment: Irrigation Equipment
  • Street Number Modifier: 4520
  • Living Area Meters: 3914.93

Exterior Features

  • Pool Features: In Ground
  • Exterior Features: Balcony, Lighting, Rain Gutters, Sidewalk, Storage
  • Roof: Shingle
  • Pool Private: Yes
  • Waterfront: No
  • Road Surface Type: Asphalt, Paved
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2016-11-04
  • Flood Zone Panel: 12115C0386F

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Spaces: 28
  • Garage Yn: Yes
  • Parking Features: Driveway, Garage Door Opener, Guest
  • Garage Spaces: 79

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public, Sewer Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Individually Metered: Electric,Water

Condo/Co-op/Association

  • Community Features: Street Lights
  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

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

Lot Info

  • Zoning: RMF
  • Parcel Number: 0996002904
  • Additional Parcels: No
  • Flood Zone Code: X
  • Lot Size Square Meters: 31502

Green Features

  • Green Verification Count: 0

Multi Family

  • Number Of Units Total: 28
  • Total Num Buildings: 7
  • Unit Count: 1

Tax Info

  • Tax Annual Amount: 99908
  • Tax Block: 29
  • Tax Lot: 1

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

Property History

Date Event Price Change Sq Ft Price
06/10/2025 06/10/25 Price Changed $12,500,000 -2.0% $297 / Sq Ft
11/07/2024 11/07/24 Price Changed $12,750,000 +900.0% $303 / Sq Ft
11/07/2024 11/07/24 Price Changed $1,275,000 -90.9% $30 / Sq Ft
08/14/2024 08/14/24 Price Changed $14,000,000 -6.7% $332 / Sq Ft
03/27/2024 03/27/24 For Sale $15,000,000 -- $356 / Sq Ft
Source: Stellar MLS

Source: Stellar MLS

MLS Number: N6131984

Stellar MLS