photo 1: 115 FRIENDSHIP LANE, ENGLEWOOD FL 34223

Courtesy of MICHAEL SAUNDERS & COMPANY 941-468-3741

Active

115 FRIENDSHIP LANE, ENGLEWOOD FL 34223

$1,179,000

Price

-

Beds

-

Baths

4,146

Sq. Ft.

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. 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.

Listing Type

Multifamily

Property Type

Multi Family

Built Year

1946

Levels

--

Price/Sqft

--

Lot Size Acre

0.21

Status

Active

Days on Realoq

24

Living Area

4,146 Sq. Ft.

Lot Size Sqft

9,349 Sq. Ft.

Location

Interior Features
  • Living Room\/Dining Room Combo
Laundry Features
  • Inside
Pool
  • Gunite, Heated, In Ground
Roof
  • Shingle
Foundation
  • Other
Materials
  • Frame
Lot Information
  • FloodZone, Paved
Water Source
  • Public
Parcel Number
  • 411912482002
Agent

Maryann Casey

Brokerage

MICHAEL SAUNDERS & COMPANY

Source AOR

Charlotte

Listing ID #

D6142396

This content last updated on 06/12/2025 11:22 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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Based on information submitted to the MLS GRID as of 06/12/2025 11:22 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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