This is a rare and exciting opportunity to own a highly desirable income-producing property 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. 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, has sustained fire 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 with 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. With its close proximity to local restaurants and public beaches, the location is ideal for both vacationers and long-term guests. 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. 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.
Property Details
Price:
$1,199,999
MLS #:
D6142396
Status:
Active
Beds:
0
Baths:
0
Address:
115 FRIENDSHIP LANE
Type:
Multi Family
Subdivision:
S J CHADWICKS RESUB 01
Neighborhood:
34223 – Englewood
City:
ENGLEWOOD
Listed Date:
May 19, 2025
State:
FL
Finished Sq Ft:
4,146
Total Sq Ft:
4,146
ZIP:
34223
Lot Size:
9,349 sqft / 0.21 acres (approx)
Year Built:
1946
Units:
6
See this Listing
I have been selling real estate for over 23 years from New York to Florida. My main service areas include Celebration, Marco Island, Miami, Naples, Orlando, Sarasota, Tampa, Windermere. We can help you buy or sell real estate anywhere in the State of Florida. Looking for Golf Course Homes For Sale, Luxury Estates, Beachfront Condos, Gated Communities, Fine Homes and Estates, we cover it all.
More About GaryMortgage Calculator
Schools
Interior
Appliances
Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Cooling
Wall/ Window Unit(s)
Flooring
Luxury Vinyl
Heating
Wall Units / Window Unit
Laundry Features
Inside
Exterior
Construction Materials
Wood Frame
Exterior Features
Rain Gutters
Roof
Shingle
Financial
Tax Year
2024
Taxes
$17,938
Map
Community
- Address115 FRIENDSHIP LANE ENGLEWOOD FL
- SubdivisionS J CHADWICKS RESUB 01
- CityENGLEWOOD
- CountyCharlotte
- Zip Code34223
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115 FRIENDSHIP LANE
ENGLEWOOD, FL
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