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OVER $407, 000 IN GROSS REVENUE GENERATED IN THE PAST 12 MONTHS WITH FUTURE BOOKINGS ALREADY ON THE CALENDAR!
Welcome to Shangri-La, an extraordinary private waterfront resort spanning over 3. 6 acres along the scenic Manatee River. Fully furnished, turnkey, and operating as a successful luxury vacation rental, this one-of-a-kind estate presents a rare opportunity to acquire both a trophy waterfront compound and a proven income-producing asset. Recently appraised at $3, 100, 000, Shangri-La is offered at an exceptional value while generating more than $407, 000 in gross revenue over the past 12 months. Having established itself as one of Florida's premier luxury vacation rentals, this remarkable property offers both an unparalleled lifestyle and a proven track record of performance.
Offering over 7, 100 square feet of air-conditioned space, this remarkable property features 9 bedrooms, 5. 5 bathrooms, and accommodations for up to 25 guests spread across the main residence and a private accessory dwelling unit.
The outdoor amenities are exceptional. At the heart of the property lies a lagoon-style pool complemented by a custom rock waterfall and spa crafted by the renowned Lucas Lagoons team. Guests enjoy a covered waterfront pavilion with fire pit, private dock with jet ski access, a 20' x 40' tiki hut and tiki bar, outdoor kitchen, waterfront gazebo, private pickleball court, kayaks, paddleboards, and expansive grounds overlooking breathtaking Manatee River sunsets. Wraparound porches and a screened lanai provide the perfect place to relax and take in the views. The property offers parking for 30+ vehicles, an RV carport, and ample room for boats and trailers.
Inside, the main residence is designed for both entertaining and relaxation. The riverfront primary suite offers stunning water views and a spa-inspired bath. The chef's kitchen is fully equipped for large groups and is complemented by a commercial refrigerator and freezer. Additional amenities include a private steam room, infrared sauna, massage chair, and an ADA-compliant bedroom and full bathroom.
Recent improvements include updated pool equipment, newer HVAC systems, new Sealy Hybrid mattresses throughout, and a new 26. 5 kW Generac whole-house generator capable of powering the property during outages.
Entertainment options abound with a dedicated home theater, expansive game room featuring billiards, shuffleboard, ping pong, poker, and arcade games, a private fitness room, and a recently added illuminated dance floor.
The private accessory dwelling unit contains two of the property's nine bedrooms along with a full bathroom and kitchenette, providing additional privacy and flexibility.
Included in the sale are approximately 25 tables, more than 100 chairs, approximately 15 kayaks and paddleboards with life jackets, gym equipment, a mower, a 36-foot enclosed cargo trailer, an estimated $50, 000 in tools, maintenance equipment and replacement parts, plus a 2018 Forest River three-stall restroom trailer valued at approximately $60, 000.
Conveniently located just minutes from Lakewood Ranch, IMG Academy, the Premier Sports Campus, and I-75, the property offers easy access to Tampa, St. Petersburg, Sarasota, and Florida's renowned Gulf Coast beaches.
Whether you're seeking a luxury waterfront retreat or a high-performing short-term rental investment with an established track record, Shangri-La represents a truly rare opportunity on Florida's Gulf Coast.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,900,000
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 | $2,320,000 | $2,320,000 | $2,320,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.277% | 6.223% | 6.183% |
| Monthly Tax Payment | $1,218 | $1,218 | $1,218 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $13,724 | $14,097 | $19,577 |
| Total Monthly Payment | $15,067 | $15,440 | $20,920 |
* 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.