302 N Shore Drive, Anna Maria, FL 34216

$2,999,999
7
BD
4.5
BA
4,464
SqFt
List Price
$2,999,999
Status
ACTIVE
MLS#
O6177891
Bedrooms
7
Full-baths
4
Half-baths
1
Sq. Ft
4,464
Acres
0.17
Year Built
1972
Subdivision
Anna Maria Beach
Days on Market
1

Property Description

FOR SALE!!Lowest price per ft on the island, 1 block from the beach with water access this is a spacious, 4464+ sq ft duplex located on Anna Maria Island. With 7 beds, 4.5 baths, with water access, this luxurious property offers ample space and stunning views. Appraised at $4 million, this property includes an upgrade list with an estimated bid which can be included upon request which the Seller is willing to offer a $100k closing credit to kickstart your dream property with an accepted offer on or before 02/29/2024. This presents a prime investment opportunity for vacation rental income with the potential to earn $500-$800 per night per unit. The average occupancy rate for vacation rentals in Anna Maria Island is around 70-80% annually, making it a highly sought-after destination for travelers throughout the year. You even have the opportunity to convert back to single family the options are ENDLESS!! Investment highlights are as follows- Considering the property's potential to earn $650 per night per unit and assuming an average occupancy rate of 75%, the potential gross income can be estimated as follows: Gross Income per Unit per Night: $650 Occupancy Rate: 75% Number of Units: 2 (since it's a duplex) Gross Income per Night (Both Units): 2 * $650 = $1300 Gross Income per Year (Both Units): $1300 * 365 days = $474,500@100% occupancy rate $355,875@75% occupancy rate

Additional Information

Price Per Sqft
$672
Days on Market
11
Tax Year
2023
Stories
2
Interior Features
Ceiling Fans(s)
Exterior Features
Storage
Appliances
Cooktop
Foundation
Slab
Construction
Block
Roof
Shingle
Garage Spaces
5
Heating
Central
Cooling
Central Air
Sewer
Public Sewer
Water
Boatable Water, Beach View, Beach Access

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Agent: Alec Anderson |

Office: LPT REALTY |

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