1645 & 1649 BAYSHORE, NOKOMIS, FL, 34275 — photo 1
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1645 & 1649 BAYSHORE, NOKOMIS, FL, 34275

$18,050,000

3.87 Acres

About This Property

This listing offers one of the last undeveloped intercoastal/bayfront multi-family sites left on the West Coast of Florida which includes a 17-slip marina and additional dockage. This sale includes two separate lots (PID#S-0166150006 & 0166150007), with 3.87 acres combined with 345 +/-ft of Bay-frontage. This unique parcel is zoned for a total of 34 units with preliminary architectural renderings and the Sarasota County DRC pre-submittal application process has been completed along with surveys. With panoramic Bayfront views, large acreage and a private marina, you have the ability to create an exclusive multi-family waterfront development. Additional uses would include a single-family home development, a grand estate property with its own marina and large acreage. Another option would be to reside on one lot and build income producing properties on the other, along with boat-slip rentals. There are 12 buildings on the property with 14 units. Some of the units need work including roofs but are repairable. They are all concrete block except one building. The serene view overlooking Casey Key provides an old Florida feel. This property is ideally located with only 5 minutes to beautiful Nokomis Beach and Jetty, 10 minutes to quaint downtown Venice Island and beach, about 30 minutes from Downtown Sarasota with all of its cultural offerings, restaurants, nightlife, entertainment as well as easy access to the highway within 5 minutes. Take this one-of-a-kind property and transform it into your own Bayfront gem!

Status

Active

Listed By

KELLER WILLIAMS ON THE WATER S

Days on Market

411

Mortgage Calculator

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Est. Monthly Payment

$109,954

30-yr fixed · 20% down · 6.875%

Principal & Interest$94,861
Property Tax (actual)$7,573
Est. Home Insurance~0.5% est.$7,521
Total / month$109,954
Loan amount$14,440,000

Estimates only — taxes and insurance are approximate. PMI rate, actual lender fees, and closing costs not included. Contact a licensed lender for a precise quote.

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MLS# 01ac6320b14a475672f8b38c0c022b01

Location