133 W BAY STREET, Osprey, FL, 34229
4 beds
4 Full baths
1953
Bungalow
3,168 sqft
This gated bayfront compound, sitting on half an acre with 100 feet of bay frontage and a brand-new 150-foot dock with boat moorings, offers a range of possibilities. You can use it as a family compound with two duplexes featuring a total of four residences. Alternatively, it could be configured as a primary residence with two additional one-bedroom apartments in a separate building, perfect for family or generating income. Additionally, you have the option to maintain the four current income-producing apartments while creating a 4,600-square-foot bayfront primary residence, as depicted in the artist's renditions in the photos. Located in the upscale Osprey Village-Spanish Point area, this property features four charmingly updated "Old Florida" bungalows from the 1950s, blending historic charm with modern amenities. The main house offers two bedrooms and two bathrooms with stunning bay views, while the duplex includes two one-bedroom, one-bath apartments. Recent upgrades encompass four entirely new HVAC systems with new ductwork throughout and four new hot water tanks. Pristine oak flooring graces the interior, and all four kitchens are equipped with top-of-the-line Bosch appliances, marble backsplashes, quartz countertops, and beautiful marble bathrooms. From the inviting screened porches or the private grounds featuring a 150-year-old Grand Oak Tree, a private beach area, pathways, and mature natural Florida landscaping, you can enjoy picturesque bay views across to North Casey Key and breathtaking sunsets, uninterrupted by condominiums, much like a century ago. All four residences are fully furnished and equipped, including new beds, kitchen wares, linens, furniture, window coverings, and more. On-site laundry facilities are also available. The premium residence boasts full bay views and a spacious private patio, ideal for entertaining. Osprey Village is rapidly developing into one of Sarasota County's premier bayfront communities, with neighboring projects including nine multimillion-dollar homes by Parrot Cove to the north, 49 approved luxury townhomes to the south at the corner of W Bay St & Hwy 41, and proposals for 22 luxury condos a block further south. This property offers ample room for expansion, whether you envision a pool, garage, or pickleball court. Preliminary architectural drawings, included in the photos, showcase a luxury bayfront residence that can be built while retaining the two existing duplexes. These designs incorporate amenities such as a bayside pool, sauna, fitness center, covered parking, and storage on the ground floor. The current duplexes provide instant occupancy or income generation while you work on plans and permits for expansion. The property's prime West of The Trail location makes it an easy walk to Historic Spanish Point, waterfront restaurants, additional dining options, and shopping. You'll also have convenient access to Nokomis Beach, Legacy Trail, Siesta Key, medical facilities, UTC Mall, downtown Sarasota, St. Armand's Circle, The Island of Venice, and all area airports. Private air travel options available on The Island of Venice. Currently zoned RMF1, there is potential to up-zone to maximize the property's potential. This is truly a once-in-a-lifetime opportunity for a gated waterfront compound in a unique part of Little Sarasota Bay. Viewings are by appointment only, and unauthorized entry onto the property is strictly prohibited.
Status:
Active
Type:
Single-family residential
Furnished Remarks:
Furnished
Laundry Remarks:
Laundry Room
Subdivision:
SARABAY ACRES
Garage:
Boat, Driveway, Guest, Oversized, Parking Pad
Heating:
Electric
Cooling:
Central Air
Levels:
1
Lot Size:
100x208
Acreage:
0.47
Est. Taxes:
$12,768
Construction
Concrete, Stucco
Utilities
BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Sewer Available, Water Connected
Lot Description:
FloodZone, In County, Near Public Transit, Oversized Lot
View Description:
Trees/Woods, Water
Elementary School:
Venice Elementary
Middle School:
Venice Area Middle
High School:
Venice Senior High
Days on Market:
219
Pet Policy:
Yes
Appliances:
Built-In Oven, Cooktop, Dishwasher, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
Min Lease Term:
No Minimum
MLS #:
N6124661
Community Info
School Info
Victory Baptist Academy
Enrollment: 56
Distance: 0.76 Miles
The Study Center
Enrollment: 4
Distance: 4.56 Miles
Community Rating:
Gulf Gate Elementary School
Rating: 8/10
Enrollment: 711
Distance: 4.58 Miles
Community Rating:
Imagine School At Palmer Ranch
Rating: 6/10
Enrollment: 502
Distance: 4.69 Miles
Community Rating:
Saltmeadow School
Enrollment: 17
Distance: 5.05 Miles
Mangrove School of Sarasota
Enrollment: 71
Distance: 5.05 Miles
European Academy Of Early Education
Enrollment: 53
Distance: 5.43 Miles
Community Rating:
Sarasota Middle School
Rating: 9/10
Enrollment: 1,244
Distance: 5.66 Miles
Community Rating:
Laurel Nokomis School
Rating: 8/10
Enrollment: 1,181
Distance: 5.77 Miles
Community Rating:
NewGate School
Enrollment: 155
Distance: 5.87 Miles
Community Rating:
Ashton Elementary School
Rating: 10/10
Enrollment: 1,060
Distance: 5.88 Miles
Community Rating:
Prew Academy
Enrollment: 43
Distance: 6.1 Miles
Community Rating:
Riverview High School
Rating: 6/10
Enrollment: 2,606
Distance: 6.15 Miles
Community Rating:
Sarasota Virtual Academy (Virtual Franchise)
Enrollment: 0
Distance: 6.16 Miles
Sarasota County Technical Institute
Enrollment: 4
Distance: 6.16 Miles
Sarasota Virtual Instruction (Course Offerings)
Enrollment: 0
Distance: 6.23 Miles
Sarasota Virtual School
Enrollment: 45
Distance: 6.23 Miles
Suncoast Polytechnical High School
Rating: 8/10
Enrollment: 565
Distance: 6.24 Miles
Community Rating:
Wilkinson Elementary School
Rating: 3/10
Enrollment: 511
Distance: 6.5 Miles
Community Rating:
Triad
Enrollment: 57
Distance: 6.51 Miles
Phillippi Shores Elementary School
Rating: 9/10
Enrollment: 789
Distance: 6.52 Miles
Community Rating:
Hershorin Schiff Community Day School
Enrollment: 252
Distance: 6.64 Miles
Community Rating:
Island Village Montessori School
Rating: 7/10
Enrollment: 662
Distance: 6.69 Miles
Community Rating:
Sarasota Suncoast Academy
Rating: 7/10
Enrollment: 670
Distance: 6.72 Miles
Community Rating:
Out-Of-Door Academy
Enrollment: 742
Distance: 6.72 Miles
Community Rating:
Epiphany Cathedral School
Enrollment: 183
Distance: 7.02 Miles
Community Rating:
Incarnation Catholic School
Enrollment: 165
Distance: 7.28 Miles
Community Rating:
Lakeview Elementary School
Rating: 9/10
Enrollment: 599
Distance: 7.41 Miles
Community Rating:
Venice Elementary School
Rating: 9/10
Enrollment: 570
Distance: 7.46 Miles
Community Rating:
Brookside Middle School
Rating: 7/10
Enrollment: 754
Distance: 7.47 Miles
Community Rating:
Venice Senior High School
Rating: 6/10
Enrollment: 2,236
Distance: 7.69 Miles
Community Rating:
Brickhouse Academy
Enrollment: 31
Distance: 7.7 Miles
Community Rating:
Brentwood Elementary School
Rating: 6/10
Enrollment: 655
Distance: 7.99 Miles
Community Rating:
Walk Score
Yelp
Listing courtesy of AYERS AND ASSOCIATES REAL ESTATE Phone: 941-266-3193