Alert Valued buyers, a rare Longboat Key opportunity with the potential for approximately $62,000 in cash profit—a projected 41% return! Priced at just $143 sqft., this beach-to-bay renovation project offers an exciting opportunity to create value. The renovated comparable properties shown from the past year averaged $423 sqft. Two were smaller, one-bedroom, one-bath units, including one measuring just 248 square feet total.
Located in the beach-to-bay community of Gulfshore of Longboat Key, this mobile home has an assessed value of $100,000 and requires a full renovation throughout. Features include parking for two cars and an outdoor shower/bathroom, plus community access to a private sandy Gulf beach and fishing. The community marina is currently being rebuilt.
HOA Fee: $290.00. Includes grounds maintenance, management, pool maintenance, private road maintenance, sewer, trash, and water. Gulfshore does not permit rentals or pets.
Review the itemized renovation breakdown below, including the estimated costs and resale assumptions supporting the projected return. Contact your Equity Pro Advisor for pictures, MLS sold comps, and additional due diligence.