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302 N Shore Drive, Anna Maria, FL 34216 (MLS # O6177891)

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PRICE $2,999,999 dsIDX morgage calculator
BEDS 7
BATHS 5
HOME SIZE 4,464 sqft
LOT SIZE 7,406 sqft

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

DAYS ON MARKET 13 LAST UPDATED 2/9/2024
TRACT ISLAND CEDARS YEAR BUILT 1972
COMMUNITY 34216 - Anna Maria GARAGE SPACES 5.0
COUNTY Manatee STATUS Active
PROPERTY TYPE(S) Single Family


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
APPLIANCES Cooktop
AREA 34216 - Anna Maria
BUYER'S BROKERAGE COMPENSATION 2.0295
CONSTRUCTION Block
EXTERIOR Storage
GARAGE Yes
HEAT Central
LOT 7405 sq ft
LOT DESCRIPTION Waterfront
PARKING Attached
SEWER Public Sewer
STORIES 2
SUBDIVISION ISLAND CEDARS
TAXES 21458.81
UTILITIES Cable Available
VIEW Yes
VIEW DESCRIPTION Canal, Water
WATER Public
WATERFRONT Yes
WATERFRONT DESCRIPTION Canal Front
ZONING R1
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listing provided by Alec Anderson, LPT REALTY, 877-366-2213
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 2/21/24 5:06 PM PST.

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