Prime Gulf Coast investor opportunity—price-reduced 6-unit multifamily property in Englewood, FL, just steps from Lemon Bay and about 2 miles from Gulf beaches. Formerly part of the Englewood Lighthouse Resort, this well-maintained asset offers three newer roofs and fully furnished units for a turnkey acquisition.
The property features six rentable units, including two standalone cottages with terrazzo flooring, private patios with sunset ambience, and adjacency to Lemon Bay Park with public boat launch, walking trails, and picnic areas. Flexible configuration supports multiple income strategies, from seasonal and short-term rentals to annual tenants.
Located roughly 1.5 miles from historic West Dearborn Street with shops, dining, and entertainment, this coastal multifamily combines lifestyle appeal, proven rental demand, and value-add potential, including possible future amenity upgrades such as a pool, spa, or refreshed outdoor recreation areas.
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Listing Snapshot
Price
$700,000
Days On Site
181 Days
Bedrooms
5
Inside Area (SqFt)
2,621 sqft
Total Baths
6
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.51 Acres
Year Built
1951
MLS® Number
O6328016
Status
Active
Property Tax
$10,056.84
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Public Records
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Common AreaElectric Dryer HookupLaundry RoomWasher Hookup
Window Features
BlindsDrapes
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Exterior Features
Construction Details
ConcreteStucco
Exterior
CourtyardGardenOutdoor GrillStorage
Lot Features
Near Public TransitPaved
Patio And Porch
EnclosedPatioRear Porch
Roof
Built-UpShingle
View
WaterGarden
Waterfront Features
LEMON BAY
Waterview
WaterGarden
Windows/Doors
BlindsDrapes
Community Features
Association Amenities
Shuffleboard Court
Financing Terms Available
CashSpecial Funding
MLS Area
34223 - Englewood
Roads
Gravel
Township
40S
Listing courtesy of REAL BROKER, LLC (954) 466-5669
Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2026, Stellar MLS.
Last checked: 2026-01-15 02:16 AM EST
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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