1030 MILL CREEK ROAD

Property Details

Description

AN INCREDIBLE $407,000+ IN GROSS REVENUE GENERATED IN THE PAST 12 MONTHS WITH $266,227 IN FUTURE RESERVATION ALREADY ON THE BOOKS! Welcome to Shangri-La, an extraordinary private waterfront resort spanning over 3.6 acres along the scenic Manatee River. Fully furnished, turnkey, and operating as a successful luxury vacation rental, this one-of-a-kind estate presents a rare opportunity to acquire both a trophy waterfront compound and a proven income-producing asset. Recently appraised at $3,100,000, Shangri-La is offered at an exceptional value while generating more than $407,000 in gross revenue over the past 12 months. Having established itself as one of Florida's premier luxury vacation rentals, this remarkable property offers both an unparalleled lifestyle and a proven track record of performance. Offering over 7,100 square feet of air-conditioned space, this remarkable property features 9 bedrooms, 5.5 bathrooms, and accommodations for up to 25 guests spread across the main residence and a private accessory dwelling unit. The outdoor amenities are exceptional. At the heart of the property lies a lagoon-style pool complemented by a custom rock waterfall and spa crafted by the renowned Lucas Lagoons team. Guests enjoy a covered waterfront pavilion with fire pit, private dock with jet ski access, a 20' x 40' tiki hut and tiki bar, outdoor kitchen, waterfront gazebo, private pickleball court, kayaks, paddleboards, and expansive grounds overlooking breathtaking Manatee River sunsets. Wraparound porches and a screened lanai provide the perfect place to relax and take in the views. The property offers parking for 30+ vehicles, an RV carport, and ample room for boats and trailers. Inside, the main residence is designed for both entertaining and relaxation. The riverfront primary suite offers stunning water views and a spa-inspired bath. The chef's kitchen is fully equipped for large groups and is complemented by a commercial refrigerator and freezer. Additional amenities include a private steam room, infrared sauna, massage chair, and an ADA-compliant bedroom and full bathroom. Recent improvements include updated pool equipment, newer HVAC systems, new Sealy Hybrid mattresses throughout, and a new 26.5 kW Generac whole-house generator capable of powering the property during outages. Entertainment options abound with a dedicated home theater, expansive game room featuring billiards, shuffleboard, ping pong, poker, and arcade games, a private fitness room, and a recently added illuminated dance floor. The private accessory dwelling unit contains two of the property's nine bedrooms along with a full bathroom and kitchenette, providing additional privacy and flexibility. Included in the sale are approximately 25 tables, more than 100 chairs, approximately 15 kayaks and paddleboards with life jackets, gym equipment, a mower, a 36-foot enclosed cargo trailer, an estimated $50,000 in tools, maintenance equipment and replacement parts, plus a 2018 Forest River three-stall restroom trailer valued at approximately $60,000. Conveniently located just minutes from Lakewood Ranch, IMG Academy and, The Premier Sports Complex, the property offers easy access to Tampa, St. Petersburg, Sarasota, and Florida's renowned Gulf Coast beaches. Whether you're seeking a luxury waterfront retreat or a high-performing short term rental, Shangri-La represents a truly rare opportunity on Florida's Gulf Coast.

Facts & Costs

Property type

Single Family Residence

Year built

1995

Lot size

3.63 acres

Garage

4 spaces

Half baths

1

Price per sq ft

$387

Days on market

114

Private pool

Yes

Waterfront

Yes

Subdivision

N/A

County

Manatee

Flood zone

AE

Monthly & yearly costs

Property taxes

$14,618 / year (2025)

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

Construction & systems

Heating

Central, Electric, Zoned

Cooling

Central Air, Mini-Split Unit(s)

Flooring

Carpet, Marble, Tile, Vinyl

Roof

Metal

Construction

Block, Vinyl Siding, Frame

Payment Estimate

$15,124 / month

Principal & interest

$13,905

Property taxes

$1,218

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

• Built-In Oven
• Cooktop
• Dishwasher
• Disposal
• Dryer
• Electric Water Heater
• Freezer
• Ice Maker
• Microwave
• Refrigerator
• Tankless Water Heater
• Washer
• Built-in Features
• Ceiling Fans(s)
• Eat-in Kitchen
• Kitchen/Family Room Combo
• Sauna
• Solid Surface Counters
• Solid Wood Cabinets
• Thermostat
• Vaulted Ceiling(s)
• Walk-In Closet(s)
• Window Treatments
• Balcony
• Fire Pit
• Garden
• Hurricane Shutters
• Lighting
• Gunite
• Heated
• In Ground
• River Front