1120 GULF BOULEVARD

Property Details

Description

Established 7-Unit Short-Term Vacation Rental Property on Manasota Key! Rare opportunity to purchase an established licensed short-term vacation rental property currently accommodating nightly, weekly, monthly, and seasonal rentals on the desirable southern end of Manasota Key. Offered as a package, the property consists of two adjacent buildings with a total of seven rental units. The Main House is a two-story building featuring five remodeled rental suites, including three 1-bedroom, 1-bathroom suites, one 2-bedroom, 1-bathroom suite on the lower level, and a spacious 3-bedroom, 2-bathroom suite occupying the entire upper level. The lower-level suites feature open floor plans, updated kitchens with granite countertops and stainless-steel appliances, updated bathrooms with tiled walk-in showers, and private outdoor patios. The upper-level 3-bedroom, 2-bathroom suite provides flexibility for owner occupancy or additional rental income and features a full kitchen, living area, ensuite primary bedroom, private balconies, and partial Gulf views. The Pool House is a renovated single-story duplex featuring two side-by-side 2-bedroom, 1-bathroom suites connected by a shared screened front porch and offering access to a private heated swimming pool and tiki bar area. Designed to create a memorable guest experience, the property features lush tropical landscaping, evening landscape lighting, private patios and outdoor seating areas for each suite, outdoor dining spaces, Weber grilling stations, outdoor showers, shell and shark tooth cleaning stations, on-site laundry facilities, and Wi-Fi. A two-car gathering garage provides additional guest space with lawn games, a full-size refrigerator with a freezer, a large-screen TV, and seating for 32. The Pool House offers even more amenities with a private heated swimming pool, tiki bar gathering area, and outdoor entertainment space. This setup allows for a multitude of rental options for large groups, families, or the single couple looking for a peaceful vacation spot. Located on the southern end of Manasota Key, the property is within walking distance of nearby beach access and just moments from Stump Pass Beach State Park. Guests enjoy convenient access to Gulf beaches, boating, fishing, shelling, wildlife viewing, waterfront dining, tiki bars and nightly entertainment, marinas, shopping, golf courses, and numerous local attractions. Few properties offer the combination of scale, flexibility, guest amenities, and island charm found in this unique Manasota Key investment offering, creating an exceptional opportunity in today's vacation rental market.

Facts & Costs

Property type

Quadruplex

Net income

$341,272 / year

Zoning

MMF7.5

Year built

1960

Lot size

0.4 acres

Garage

2 spaces

Price per sq ft

$775

Days on market

104

Private pool

Yes

Waterfront

No

Community

Englewood Shores

Subdivision

ENGLEWOOD SHORES

County

Charlotte

Flood zone

AE

Monthly & yearly costs

Property taxes

$17,580 / year (2025)

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

Construction & systems

Heating

Central, Space Heater

Cooling

Central Air, Wall/Window Unit(s)

Flooring

Terrazzo, Tile

Roof

Shingle

Construction

Block, Stucco

Parking

Circular Driveway, Driveway, Garage Door Opener, Golf Cart Parking, Guest, Off Street, Reserved

View

Pool, Trees/Woods, Water, Gulf/Ocean - Partial

Payment Estimate

$21,641 / month

Principal & interest

$20,176

Property taxes

$1,465

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

• Dryer
• Microwave
• Range
• Refrigerator
• Washer
• Ceiling Fans(s)
• Open Floorplan
• Stone Counters
• Thermostat
• Vaulted Ceiling(s)
• Window Treatments
• Hurricane Shutters
• Lighting
• Outdoor Grill
• Outdoor Shower
• Private Entrance
• Rain Gutters
• Sidewalk
• Gunite
• In Ground
• Screen Enclosure