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45 Friendship LANE, Englewood, FL, 34223 | $1,400,000
INVESTOR OPPORTUNITY - Offered here is a Classic Beach Residence on Manasota Key in Sunny Southwest Florida! Positioned just one lot from Gulf beaches and only a short stroll to the shores of lovely Lemon Bay, this charming "Old Florida" cottage was donned one of Airbnb's top 5% Guest Favorites prior to the 2024 hurricanes! The home now presents unobstructed, panoramic views of sparkling Gulf of Mexico waters from the front and additional water views from the rear. Owners have contracted to restore the property and are offering finished for $1, 400, 000. . . or if buyer prefers the residence can be purchase now in it's current condition "As Is" for $1, 250, 000! Upon completion, this popular rental will once again be presented as an impeccably designed and decorated island home offering endless warm Gulf breezes by day and magnificent sunsets by night! As evidenced from photos included herein taken prior to the 2024 hurricanes, this delightful beach abode will once again be a tremendous rental opportunity! Situated between Sarasota/Siesta Key to the north and Boca Grande to the south, Manasota Key is a gem of a location along Florida's Sparkling Gulf Coast. Barrier island offers vehicle access by-way-of two bascule bridges and several beach and bayside parks plus Gulf and Lemon Bay access via several county-maintained roads running east/west off Gulf Blvd to the water! Great for launching kayaks & SUPS! Ramps for launching power boats can be found both on and off-island. Locals enjoy world-class fishing, waterfront dining and dancing at several nearby fine restaurants located across from Englewood Beach Park. Seasonal Grand Prix off-shore boat races are a spectacular annual event every November! Residents and guests find boat/jet ski/kayak/bike/golf cart rentals conveniently on-Island! The area is a haven for anglers, recreational boaters, sailors, kayakers, beach goers and all who love sunshine, warm temps and the seashore! Golf courses, medical facilities and fine restaurants all in close proximity. Come explore the mesmerizing beauty, serenity, sunny skies, easy-going lifestyle and seasonal crystal clear waters of Southwest Florida! BREATHTAKING SUNRISES and SUNSETS are just a “FLASH” AWAY! PARADISE IS WAITING FOR YOU!
Features
- Rooms: 5
- Bedrooms: 2
- Baths: 1 full
- Laundry: Inside, Laundry Closet
- Style: Cottage, Ranch
- Year Built: 1948
- Garage: Assigned
- Heating: Wall Units / Window Unit
- Cooling: Other, Wall/Window Unit(s)
- Approx Sq. Feet: 888
- Acreage: 0.15
- Est. Taxes: $14,081
- Lot Desc: CoastalConstruction Control Line, FloodZone, In County, Near Marina, Street Dead-End
- View: Water
- Pet Policy: Yes
- Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Washer
- MLS#: D6140027
- Days on Market: 1 day
- Website: https://www.raveis.com
/eprop/D6140027/45friendshiplane_englewood_fl?source=qrflyer
Listing courtesy of Englewood BEACH Realty, Inc Phone: 941-460-8089
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
45 Friendship LANE, Englewood, FL, 34223
$1,400,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,120,000 | $1,120,000 | $1,120,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.125% | 6.750% | 6.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.239% | 6.849% | 7.037% |
| Monthly Tax Payment | $1,173 | $1,173 | $1,173 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,546 | $7,264 | $9,989 |
| Total Monthly Payment | $8,844 | $8,562 | $11,287 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388