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Own Your Own Mini Resort on Manasota Key! Welcome to Gecko House — an exceptional investment opportunity on Manasota Key! This fully updated, turnkey quadplex with DEEDED BEACH AND BAY ACCESS offers the ultimate resort-style experience complete with a large pool, dock, and kayak launch! The fully operational business boasts 5-star reviews and a calendar full of upcoming rentals. This one-of-a-kind property has been meticulously maintained and designed to provide both guests and owners with a true slice of paradise and exceptional income potential. Nestled among mature coastal landscaping, graceful bamboo, and stately oak trees, this private tropical haven creates a serene and secluded atmosphere that sets it apart from other properties on the Key. The entire top floor (Unit 3) showcases a spacious 1, 419 sq. ft. residence with two oversized bedrooms, two full baths, a modern open kitchen, private laundry room, and a large sunny balcony for evening relaxation. Formerly used as an owner’s seasonal retreat, this luxurious space has also generated excellent short-term rental income thanks to its appeal for families and extended stays. The first floor features three additional turnkey rental units, each with private entrances, that have achieved outstanding reviews and a perfect 10 rating on short-term rental platforms. Unit 1 offers 2 bedrooms and 1 bath, Unit 2 includes 1 bedroom and 1 bath, and Unit 4 is a charming efficiency with 1 bedroom and 1 bath. Each unit features a fully stocked kitchen, new appliances, completely updated interiors, and new stylish furnishings. Step outside to the adjoining parcel where your guests will enjoy the private heated saltwater pool—a rare find in this area—set in a fenced, resort-style courtyard surrounded by lush tropical foliage, ample seating, umbrellas, and vibrant landscaping. Additional outbuildings provide fully stocked storage for beach chairs, buggies, umbrellas, and supplies, while on-site laundry facilities are available for guest convenience. An on-site, conditioned and fully stocked supply shed for the maintenance and cleaning crew is also included. Guests love the unbeatable location: just steps from the private deeded beach access along a shaded, well-maintained path reserved for owners and guests, and a short stroll to the bay side kayak launch with a shared dock, where they can enjoy fishing, paddleboarding, kayaking, or watching the sunrise over Lemon Bay. The property is also within easy biking distance of local restaurants, beach shops, and public beach access points. Whether you’re seeking a high-earning investment property or your own boutique coastal retreat, this fully functioning and consistently rented mini-resort offers the perfect blend of lifestyle and return. Paradise, income, and opportunity—all in one incredible property on Manasota Key.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,890,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,512,000 | $1,512,000 | $1,512,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.875% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.154% | 6.007% | 5.932% |
| Monthly Tax Payment | $1,295 | $1,295 | $1,295 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,585 | $8,944 | $12,556 |
| Total Monthly Payment | $10,005 | $10,364 | $13,976 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.