$850,000
$50K PRICE DROP

Estimated payment $5,327/month

Total Views 1,881
5 Beds
6 Baths
2,621 Sq Ft
$324 Price per Sq Ft

Highlights

  • Full Bay or Harbor Views
  • Property is near public transit
  • Main Floor Primary Bedroom
  • Englewood Elementary School Rated A-
  • Cathedral Ceiling
  • Furnished

About This Home

Prime Investor Opportunity – 6-Unit Income Property Near Lemon Bay & Englewood Beach!

Seize the chance to own a rare, income-producing property just steps from Lemon Bay and 1.5 miles from the charming historic West Dearborn Street district, with its boutiques, dining, and entertainment. Only 2 miles to Englewood Beach, this location offers unbeatable access to Gulf Coast lifestyle and high rental demand.

For over two decades, this property was part of the Englewood Lighthouse Resort, showcasing Old Florida charm with a signature lighthouse theme. The property includes three brand-new roofs and comes fully furnished, making it turnkey for your investment strategy.

Property Highlights:

6 rentable units including two standalone cottages with original terrazzo floors

Spacious back patios with stunning sunset views over Lemon Bay

Directly adjacent to Lemon Bay Park with public boat launch, picnic pavilion, and restrooms

Flexible use potential for long-term rentals (LTR) or short-term vacation rentals (STR)

Opportunities to add value with a pool, hot tub, or refurbished shuffleboard court

This is more than a property—it’s a strategic investment in one of Southwest Florida’s most desirable coastal markets. Whether you plan to maximize STR income or maintain steady LTR cash flow, the location, condition, and future potential make this a must-see for investors seeking both asset appreciation and immediate returns.

Listing Agent

Joseph Mooradian

REAL BROKER, LLC Brokerage Phone: 407.279.0038 License #3237004 Listed on: 07/17/2025

REAL BROKER, LLC

Co-Listing Agent

RioAnne Criz Lloyd

REAL BROKER, LLC Brokerage Phone: 407.279.0038 License #3546735

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,057

Year Built

  • Built in 1951

Lot Details

  • 0.51 Acre Lot
  • Garden

Property Views

  • Full Bay or Harbor
  • Garden

Home Design

  • Slab Foundation
  • Shingle Roof
  • Built-Up Roof
  • Concrete Siding
  • Stucco

Interior Spaces

  • 2,621 Sq Ft Home
  • Furnished
  • Built-In Features
  • Cathedral Ceiling
  • Ceiling Fan
  • Shades
  • Blinds
  • Drapes & Rods
  • Family Room Off Kitchen
  • Storage Room
  • Inside Utility

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Terrazzo
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Parking

  • Common or Shared Parking
  • Circular Driveway
  • Off-Street Parking

Outdoor Features

  • Courtyard
  • Enclosed Patio or Porch
  • Outdoor Storage
  • Outdoor Grill
  • Private Mailbox

Location

  • Flood Zone Lot
  • Property is near public transit

Utilities

  • Cooling System Mounted To A Wall/Window
  • Space Heater
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 0504160031

Community Details

Overview

  • No Home Owners Association
  • 3,530 Sq Ft Building
  • Tyler & Darlings Community
  • Tyler & Darling Add 01 Subdivision

Amenities

  • Laundry Facilities

Recreation

  • Shuffleboard Court

Pet Policy

  • Pets Allowed

Building Details

  • 5 Separate Electric Meters
  • 1 Separate Water Meter
  • Operating Expense $36,991

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,057

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Multi Family
  • Construction Materials: Concrete, Stucco
  • Fireplace: No
  • Living Area: 2621
  • Lot Size Acres: 0.51
  • New Construction: No
  • Year Built: 1951
  • Building Area Total: 3530
  • Lot Size Sq Ft: 22333
  • Number Of Lots: 1
  • Directions to Property: From the intersection of West Dearborn St & Indiana Ave, head south to Horton Ave and go right. Take an immediate right on S McCall Rd. The property will be the 2nd on the left, and use the 2nd driveway on the north side of the property.
  • Status: Active
  • Street Direction: S
  • Co List Office Mls Id: MFR805521714
  • Co List Office Phone: 855-450-0442
  • Ownership: Fee Simple
  • Available for Lease YN: 1
  • Escrow City: Miami Beach
  • Escrow State: FL
  • Escrow Street Name: Lincoln Rd, 2nd Floor, Ste 351
  • Escrow Street Number: 350
  • List Office Head Office Key Nume: 198057009
  • RATIO Current Price By Calculate: 324.30
  • Total Acreage: 1/2 to less than 1
  • Unit Number YN: 0
  • Water Access YN: 0
  • MFR_DockYN: 0
  • Attribution Contact: 407.279.0038
  • Tax Year: 2024
  • Special Features: 5120

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Terrazzo
  • Interior Amenities: Built-in Features, Cathedral Ceiling(s), Ceiling Fans(s), Kitchen/Family Room Combo, Primary Bedroom Main Floor, Vaulted Ceiling(s), Window Treatments
  • Appliances Included: Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 5
  • Levels: One
  • Window Features: Blinds, Drapes, Shades
  • Street Number Modifier: 784
  • Additional Rooms: Inside Utility,Storage Rooms
  • Living Area Meters: 243.50

Exterior Features

  • Exterior Features: Courtyard, Garden, Outdoor Grill, Private Mailbox, Storage
  • Roof: Built-Up, Shingle
  • Pool Private: No
  • View: Garden, Water
  • Water Body Name: LEMON BAY
  • Waterfront: No
  • Patio and Porch Features: Enclosed, Patio, Rear Porch
  • Road Surface Type: Gravel
  • Water Extras YN: 0
  • Water View: Bay/Harbor - Partial
  • Water View YN: 1
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2024-08-19
  • Flood Zone Panel: 0453G
  • Additional Water Information: Property is approximately 220' from Lemon Bay with partial water views particularly from cottages #3 & #4. Lemon Bay Sunrise Park is less than 1/2 mile away and has a public boat launch.

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Circular Driveway, Common, Off Street

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
  • Cooling: Wall/Window Unit(s)
  • Heating: Electric, Space Heater
  • Laundry Features: Common Area, Electric Dryer Hookup, Laundry Room, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Shuffleboard Court
  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Pet Restrictions: As per new owner or local municipaly restrictions.

Fee Information

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

Lot Info

  • Zoning: RMF2
  • Parcel Number: 0504160031
  • Additional Parcels: No
  • Lot Features: FloodZone, Near Public Transit, Paved
  • Property Attached Yn: No
  • Flood Zone Code: AE, X
  • Homestead YN: 0
  • Lot Size Square Meters: 2075

Green Features

  • Green Verification Count: 0

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Yes
  • Lease Restrictions YN: 0
  • Additional Lease Restrictions: Property had previously been granfathered with no rental restrictions and allowing daily rentals. However, Agent/Buyer should verify with local & county planning and zoning deptartments to verify if less than 30 day rental will continue to be allowed.

Multi Family

  • Number Of Units Total: 6
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Water Meters: 1
  • Approval Process: None
  • Unit Count: 4
  • Est Annual Market Income: 80400.00

Tax Info

  • Tax Annual Amount: 10056.84
  • Tax Book Number: 1-59
  • Tax Lot: 2

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 $8,211 $728,400 $328,800 $399,600
2023 $8,211 $602,700 $137,200 $465,500
2022 $7,106 $465,600 $148,000 $317,600
2021 $5,578 $349,700 $105,500 $244,200
2020 $5,038 $302,500 $97,400 $205,100
2019 $4,571 $266,500 $58,600 $207,900
2018 $4,542 $284,500 $77,300 $207,200
2017 $4,469 $224,740 $0 $0
2016 $3,842 $215,800 $53,000 $162,800
2015 $3,645 $198,600 $63,900 $134,700
2014 $3,439 $153,500 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2025 08/01/25 Price Changed $850,000 -5.6% $324 / Sq Ft
07/17/2025 07/17/25 For Sale $900,000 +20.0% $343 / Sq Ft
09/09/2021 09/09/21 Sold $750,000 +0.1% $288 / Sq Ft
06/18/2021 06/18/21 Pending -- -- --
06/14/2021 06/14/21 For Sale $749,000 -- $288 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Certificate Of Transfer $501,001 --
Quit Claim Deed $100 None Listed On Document
Warranty Deed $1,650,000 --
Warranty Deed $675,000 Clear 2 Close Title Llc
Warranty Deed $909,000 Clear 2 Close Title Llc
Quit Claim Deed -- Clear 2 Close Title Llc
Warranty Deed $212,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,120,000 Balloon
Previous Owner $640,000 New Conventional
Previous Owner $475,000 No Value Available
Source: Public Records

Source: Stellar MLS

MLS Number: O6328016

Stellar MLS

APN: 0504-16-0031