$580,000 ($542 per SQ/FT)
4725 GULF OF MEXICO DRIVE, #212, Longboat Key, FL, Florida 34228. GREAT INVESTMENT PROPERTY with a proven rental history. Sand Cay is a Gulf Front Beach Resort with its own private beach, Pool, shuffle board court, tennis court, gulf front beach chairs and has showers and a barbecue area at the beach. The property has beautiful landscaping, all buildings and the pool are bordered with palm trees and nighttime illumination.
Sand Cay is one of only a few communities that are allowed to have rentals as few as a 3 night minimum and this unit is one of the most heavily rented units on the property, making it a great investment. This unit has a proven revenue history and has bookings into 2019.
The property went through a massive reconstruction in 2008, with new building ground anchoring, new outer walls, new windows, doors, staircases, walkways, and new steel beams. New metal roofs and new walkway treads were installed in 2016.
This beautiful uni has been completely renovated with no further investment necessary. It is turnkey fully furnished. There is a partial gulf view from the living room and balcony. Located on the second floor, this unit has a new kitchen, new Italian style tile flooring in all rooms with special floor sound damping. Big mirror door closets in all bedrooms, new showers, new AC last year.
Great investment with heavy rentals every year with a gross income around $ 60,000 in 2017. 2018 already 90% booked. One of the best rented unit at Sand Cay with excellent reviews on VRBO.
Listing courtesy of EXCEPTIONS REALTY