115 Friendship Lane, ENGLEWOOD, FL 34223
Local realty services provided by:Better Homes and Gardens Real Estate Thomas Group
Upcoming open houses
- Sun, Aug 1702:00 pm - 04:00 pm
Listed by:maryann casey
Office:michael saunders & company
MLS#:D6142396
Source:MFRMLS
Price summary
- Price:$1,127,000
- Price per sq. ft.:$271.83
About this home
This is a rare and exciting opportunity to own a highly desirable income-producing property ($248,000 gross income in 2024) on Manasota Key, a serene and charming beach town ideally positioned between the Gulf of Mexico and Lemon Bay. With deeded beach and bay access, this unique six-unit compound offers guests and investors the best of both worlds—easy access to sun-soaked beaches and tranquil waters perfect for kayaking. This property has a strong rental history through platforms like VRBO, Airbnb, and Booking.com, offering investors an attractive stream of passive income in a high-demand vacation area. Consistently high guest review scores across platforms reflect strong guest satisfaction and a proven track record of repeat bookings—an attractive indicator of reliable income potential. Unlock the potential for strong returns with the option to lease the entire complex or maximize value by living in one unit while generating income from the others. The property features a total of six units spread across a triplex and two additional buildings, along with separate on-site laundry facilities. The triplex includes two 2-bedroom, 1-bath units and one 2-bedroom, 2-bath unit. Building 117 offers a 2-bedroom, 1-bath unit and two cozy studio apartments. Building 115, formerly a 2-bedroom, 1-bath unit, had a refrigerator fire and sustained damage and is being sold in “as-is” condition, providing a blank canvas for its new buyer to customize it to their liking, which will eventually make this property a 7-plex. Although building 115 is currently uninhabitable, all 6 other units are available for rent. All units are beautifully decorated with a fresh beachy vibe and are being sold turnkey furnished. They feature luxury vinyl plank (LVP) flooring installed in 2024, newer stainless steel appliances (2024–2025), updated kitchens with white shaker-style cabinetry, and pull-out sofa sleepers for additional guest accommodations. Most of the windows on the exterior perimeter are impact-resistant for added peace of mind. The pool pump and heater were replaced in 2024–2025, and the roofs were redone in 2020. Outdoor amenities are designed to enhance the guest experience, with a beautifully paved patio area, BBQ grills, outdoor showers, a ping pong table, chaise lounges, and dining tables. A spacious swim spa featuring a waterfall and massage therapy jets, installed in 2015, adds a luxurious touch. Guests also enjoy the use of four kayaks and a quiet seating area at the end of Friendship Lane—perfect for watching boats & dolphins cruise by. Manasota Key is a hidden gem along Florida’s Gulf Coast, renowned for its laid-back atmosphere, scenic beauty, excellent shelling, shark tooth hunting, and unforgettable sunrises and sunsets. Enjoy the ultimate in walkable living—just steps from the beach, Lemon Bay, and a variety of local restaurants. Whether you're heading to Stump Pass Beach or dining nearby, everything is within walking distance or a short free shuttle ride away—ideal for both vacationers and long-term guests. Sold “as-is” with rights to inspection, this property presents a compelling opportunity for investors seeking reliable rental income, long-term appreciation, and the unique lifestyle that only beachfront living can offer.
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Home facts
- Year built:1946
- Listing Id #:D6142396
- Added:68 day(s) ago
- Updated:August 15, 2025 at 01:31 AM
Rooms and interior
- Bedrooms:11
- Total bathrooms:7
- Living area:4,146 sq. ft.
Heating and cooling
- Cooling:Wall/Window Unit(s)
- Heating:Ductless
Structure and exterior
- Roof:Shingle
- Year built:1946
- Building area:4,146 sq. ft.
- Lot area:0.21 Acres
Utilities
- Water:Public, Water Available, Water Connected
- Sewer:Public, Public Sewer, Sewer Available, Sewer Connected
Finances and disclosures
- Price:$1,127,000
- Price per sq. ft.:$271.83
- Tax amount:$17,938 (2024)
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