$3,950,000
$3,950,000
For more information regarding the value of a property, please contact us for a free consultation.
10,541 SqFt
SOLD DATE : 07/20/2022
Key Details
Sold Price $3,950,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 10,541 sqft
Price per Sqft $374
Subdivision Grove City
MLS Listing ID D6118288
Sold Date 07/20/22
Construction Status No Contingency
HOA Y/N No
Originating Board Stellar MLS
Year Built 1974
Annual Tax Amount $39,891
Lot Size 6.370 Acres
Acres 6.37
Property Description
OPPORTUNITY ZONE! This a rare chance to own and develop 6.5± acres of waterfront residential multifamily (RMF15 and RMF5) zoned land in the heart of Englewood and just minutes from the Gulf of Mexico by boat with no bridges. RMF zoning allows for the construction of both single family units and multifamily units, such as townhouses and condos. The zoning and density could allow for approximately 43 dwelling units and the property would qualify as a TDU (Transfer Density Unit) sending zone. Currently, this gated property contains seven homes and various sheds/garages. The main home is situated on the bay and features a pool, detached garage, and davits, while the remaining six homes are currently being used as income-producing properties. Also featured are concrete sea-walled canals on both sides of the main residence and a strip of land that borders the southern-most canal on the property. This property is located on a road that intersects Placida Road, one of the main arteries to the world-renowned Boca Grande and Cape Haze Peninsula. Don’t miss the opportunity to own this valuable property located in close proximity to many restaurants, marinas, and golf courses.
Location
State FL
County Charlotte
Community Grove City
Zoning RMF5
Interior
Heating Central, Electric
Cooling Central Air
Flooring Carpet, Tile
Appliance Dishwasher, Dryer, Microwave, Refrigerator, Washer
Exterior
Utilities Available BB/HS Internet Capable, Electricity Available
Waterfront true
Waterfront Description Bay/Harbor, Canal - Saltwater
View Y/N 1
Water Access 1
Water Access Desc Bay/Harbor,Canal - Saltwater
Roof Type Shake
Building
Lot Description Near Golf Course, Oversized Lot, Waterfront
Story 1
Foundation Slab
Lot Size Range 5 to less than 10
Sewer Public Sewer
Water Public
Structure Type Wood Frame
New Construction false
Construction Status No Contingency
Others
Ownership Sole Proprietor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with STELLAR NON-MEMBER OFFICE
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "