115 Friendship Lane, Englewood, FL 34223
- $1,169,000
- 12
- BD
- 8
- BA
- 4,146
- SqFt
- Sold Price
- $1,169,000
- List Price
- $1,169,000
- Status
- Sold
- Days on Market
- 9
- Closing Date
- Mar 31, 2026
- MLS#
- D6145509
- Property Style
- Multi-Family 5+
- Year Built
- 1946
- Bedrooms
- 12
- Bathrooms
- 8
- Living Area
- 4,146
- Lot Size
- 9,349
- Acres
- 0.21
- Total Acreage
- 0 to less than 1/4
- Legal Subdivision Name
- S J Chadwicks Resub 01
- Community Name
- Chadwicks
- MLS Area Major
- Englewood
Property Description
Unrivaled Manasota Key Investment: High-Yield 6-Unit Compound! Nestled on the sun-drenched shores of Manasota Key, where the morning light dances across Lemon Bay and the evenings conclude with a legendary Gulf of Mexico sunset, lies an unrivaled investment opportunity. This exclusive six-unit residential compound represents the pinnacle of the "Old Florida" lifestyle, harmonizing serene coastal charm and a powerhouse financial profile. With a HIGH producing income, this estate is more than a property; it is a meticulously curated vacation destination with a proven legacy of success on global rental platforms and a high rate of recurring guests seeking the ultimate island escape. Offering the rare luxury of versatility, providing public BEACH and BAY ACCESS nearby that invites residents and guests to wander from white-sand shorelines to tranquil turquoise waters in a matter of moments, JUST 500 FEET in either direction! The compound itself is a pinnacle in coastal design, sold turnkey furnished with a sophisticated "beachy" aesthetic. Every detail has been considered for the discerning guest, from the newly installed luxury vinyl plank flooring (2024) and crisp white shaker-style cabinetry to the BRAND-NEW stainless steel appliances (2024–2025). The living spaces are airy and bright, featuring modern comforts and IMPACT-RESISTANT WINDOWS on most of the exterior perimiter that offers both beauty and structural peace of mind, in addition the ROOFS were all replaced in 2020!. Spanning multiple structures, the property includes a stately triplex featuring two 2-bedroom/1-bathroom units and a premier 2-bedroom/2-bathroom residence, alongside a secondary building housing a 2-bedroom/1-bathroom unit and two chic studio apartments. For the visionary investor, the estate offers a value-add opportunity in Building 115. Currently a blank canvas, it is awaiting a custom transformation, this space provides the rare chance to expand the compound into a high-performance 7-plex, further elevating the property’s equity and income potential that already has a 12-15% CAP Rate! This unique estate could also serve as the ultimate FAMILY COMPOUND in a rare opportunity to create a legacy where generations can gather to create lifelong coastal memories! Life at this Manasota Key retreat is defined by its exquisite outdoor amenities. A lush, paved patio serves as the heart of the compound, featuring a spacious SWIM SPA with a WATERFALL and THERAPY JETS, professional-grade BBQ stations, and elegant dining enclaves. Guests can spend their afternoons exploring the bay with the provided kayaks or watching dolphins cruise by from the quiet seating area at the end of Friendship Lane! With the vibrant dining of Manasota Key and historic Dearborn Street and the pristine trails of Stump Pass Beach just a short stroll or free shuttle ride away, this property offers a seamless blend of privacy and world-class accessibility. Offered "as-is" with rights to inspection, this is a cornerstone asset for any luxury portfolio—a rare chance to own a piece of paradise that performs as beautifully as it looks. This property will certainly not last long! Contact us today for an exclusive showing!
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Additional Information
- Taxes
- $13339
- Minimum Lease
- No Minimum
- Location
- FloodZone, Paved
- Community Features
- No Deed Restriction
- Zoning
- MSF5
- Interior Layout
- Living Room/Dining Room Combo
- Interior Features
- Living Room/Dining Room Combo
- Floor
- Luxury Vinyl
- Appliances
- Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
- Utilities
- BB/HS Internet Available, Electricity Available, Electricity Connected, Public, Sewer Available, Sewer Connected, Water Available, Water Connected
- Heating
- Ductless
- Air Conditioning
- Wall/Window Unit(s)
- Exterior Construction
- Frame
- Exterior Features
- Rain Gutters
- Roof
- Shingle
- Foundation
- Other
- Pool
- Private
- Pool Type
- Gunite, Heated, In Ground
- Water Access
- Bay/Harbor, Beach
- Pets
- Allowed
- Flood Zone Code
- AE
- Parcel ID
- 411912482002
- Legal Description
- CWS 001 0000 0002 S J CHADWICKS RESUB #1 LOTS 2 & 3 & W10 FT OF LT 4 ORIG LT 7 885/1721 1124/68 CT1437/1495 1523/1559 1660/405 1955/438 2037/507 CD2059/1999 3556/812 3595/660 3792/387 3841/285
Listing courtesy of KELLER WILLIAMS ISLAND LIFE REAL ESTATE. 941-254-6467
Selling Office: REALTY ONE GROUP MVP.Mortgage Calculator
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