This Englewood property on Manasota Key is a rare waterfront opportunity, offering nearly 2,800 sq ft of living space, a guest house, and almost an acre of land with private beach access. However, the main home has suffered storm surge damage and will require significant repairs or possibly a full rebuild. Its current price per square foot ($511) is well above the area’s average ($357) and median ($314), with comps showing average sales prices between $870K and $1.26M for similarly sized properties. While the unique lot size and location add value, the required investment and high acquisition cost limit classic flip potential.
If you’re a flipper, the numbers are tight unless you can secure the property well below list or minimize renovation costs. For current owners, focus on cosmetic updates and remediating storm damage to enhance marketability. Highlight the lot size, waterfront access, and updated guest house to set your listing apart. Target buyers looking for a custom estate or vacation home eager to build or extensively renovate.