234/236 COLONIA LANE

Property Details

Description

Lender paid 1-0 Buydown Interest Rate by using our preferred lender! Welcome to a rare investment opportunity in the heart of Nokomis, a laid-back waterfront community tucked between Sarasota and Venice on Florida’s Gulf Coast. This versatile 2-UNIT property is perfectly suited for investors, snowbirds, or those looking to live in one unit while generating rental income from the other. The property features a one-bedroom, one-bathroom unit that’s ideal for seasonal or long-term tenants, as well as a spacious two-bedroom, two-bathroom unit perfect for full-time living or rental. Each unit has its own private entrance and utilities, offering flexibility, privacy, and ease of management. A/C (2023), Water heaters (2022), Roof reshingled (2022). Sump pump replaced and french drain installed across back side of property. Located just minutes from Nokomis Beach—Sarasota County’s oldest public beach—residents and guests can enjoy postcard-perfect sunsets, pier fishing, kayaking, and calm, turquoise waters on nearby Casey Key. North Jetty Beach is another local favorite, known for its shelling, swimming, and access to both the Gulf of Mexico and the Intracoastal Waterway. Outdoor enthusiasts will love being near the Legacy Trail, a scenic 10-mile bike path connecting local communities, and Oscar Scherer State Park, where camping, glamping, hiking, and wildlife watching are everyday activities. The Nokomis lifestyle includes casual dining, live music, and fresh seafood at beloved local spots like Pop’s Sunset Grill, Captain Eddie’s Seafood, and Nokomo’s Sunset Hut. Just a few minutes away, Historic Downtown Venice offers even more dining options, charming boutiques, art galleries, and family-friendly attractions. Fans of landscape photography will appreciate the nearby Clyde Butcher Gallery in Venice, where Florida’s natural beauty is showcased. With strong rental demand, NO HOA RESTRICTIONS, and an unbeatable location close to beaches, parks, and popular coastal attractions, this two-unit property offers an excellent opportunity to own a slice of Old Florida charm while building passive income. Whether you choose to rent both units or live in one and lease the other, the potential here is as bright as a Gulf Coast sunset.

Facts & Costs

Property type

Duplex

Units

2

Current rent (total)

$3,500 / month

Gross income

$42,000 / year

Net income

$42,000 / year

Zoning

RMF1

Year built

1947

Lot size

5,628 sq ft

Price per sq ft

$248

Days on market

344

Private pool

No

Waterfront

No

Community

Nokomis

Subdivision

NOKOMIS

County

Sarasota

Flood zone

AE

Monthly & yearly costs

Property taxes

$4,172 / year (2024)

As reported by the listing agent. Verify with the HOA and county.

Construction & systems

Heating

Central

Cooling

Central Air

Flooring

Ceramic Tile

Roof

Shingle, Tile

Construction

Stucco

Payment Estimate

$2,168 / month

Principal & interest

$1,820

Property taxes

$348

HOA

$0

Home insurance

enter below

Estimate only, not a loan offer. Rate is a starting value; taxes and HOA are as reported by the listing agent. Florida insurance (including flood) varies widely. Ask George for a lender referral.

Location

Features & Amenities

• Ceiling Fans(s)
• Rain Gutters
• Sidewalk