Residential Property - Single Family Residence in Englewood

Listing Price: $900,000Days on Market: 1

Description of Property

Exceptional investment opportunity on highly sought after Manasota Key offering the rare combination of deeded Gulf beach access just steps away and dock space on the bay side, creating the perfect setting for a remarkable coastal retreat. Situated on a desirable corner lot at 4055 Bay Oaks Circle, this property presents an outstanding opportunity to renovate or redevelop in one of Southwest Florida's most sought after beach communities. The original floor plan featured three bedrooms and two bathrooms in the main residence, along with a private in law suite complete with an additional bedroom and full bathroom, providing incredible flexibility for a redesigned layout that appeals to primary homeowners, seasonal residents, or investors seeking income potential. Designed for the Florida lifestyle, the outdoor living area included a saltwater pool, spacious lanai, and generous entertaining space, all ready to be reimagined into a stunning tropical oasis. The home sustained hurricane damage and has not been repaired, creating an exceptional opportunity for buyers with vision to restore or redevelop the property. Whether transformed into a luxury coastal residence, a seasonal getaway, or an investment property subject to local regulations, the possibilities are extensive. With deeded beach access, bay dockage, a prime corner lot, and an unbeatable Manasota Key location, opportunities like this are becoming increasingly rare. Bring your vision and unlock the full potential of this unique coastal property.The average asking price for a 4 bedroom/3 bath single family residence in this Zip code is $1,454,436. This single family residence is listed at about 62% of the average asking price. There are 2 4 bedroom/3 bath homes between $800,000 and $1,000,000 currently listed for sale in this Zip code. See other listings like this one »