509 Shore Road

Nokomis, FL 34275

$3,800,000
Price
—
Beds
6,530 Sq. Ft.
$582 / Sq. Ft.
6,530
Sq. Ft.
$582
per Sq. Ft.

Description

This is a package deal. Located at the core of Nokomis, FL, on 509 Shore Rd, this distinctive investment bundle offers an exceptional chance to merge comfort, elegance, and the ability to generate income, all a stone's throw away from the enticing Nokomis Beach. Envision owning a set of 5 structures, which include 3 delightful duplexes and 2 independent single-family residences, all reflecting the charm of Florida's architectural beauty and way of life. This estate provides not just a living space,...This is a package deal. Located at the core of Nokomis, FL, on 509 Shore Rd, this distinctive investment bundle offers an exceptional chance to merge comfort, elegance, and the ability to generate income, all a stone's throw away from the enticing Nokomis Beach. Envision owning a set of 5 structures, which include 3 delightful duplexes and 2 independent single-family residences, all reflecting the charm of Florida's architectural beauty and way of life. This estate provides not just a living space, but a passageway to a lifestyle many covet and a golden opportunity for any investor. No flooding from recent storm! Minor damage to car port and fencing due to high winds. For those with a vision for value and an eye for potential, the included vacant lot opens the door to endless possibilities. Whether you're contemplating expanding your real estate portfolio or dreaming up your next luxury build, this spot offers the perfect canvas. The shared pool is a serene oasis that promises relaxation and leisure, a focal point where tenants can unwind in the warmth of the Florida sun. Off-street parking adds an extra layer of convenience, ensuring ease of access for you and your guests. But let's talk numbers: with a track record of generating over $23,500 in gross income monthly, these properties stand out as a powerhouse in the realm of Airbnb and rental investments. Its ability to consistently perform in the rental market speaks volumes of its appeal to both short-term vacationers and long-term residents alike. Don't miss out on this exceptional opportunity to own a piece of Florida's paradise, paired with a proven, substantial income stream. Let 509 Shore Rd be your next smart investment and your portal to the exquisite Nokomis lifestyle.
  1. Listed by Isaiah Miller • HARRY ROBBINS ASSOC INC
  2. Listed by Marlin Yoder • HARRY ROBBINS ASSOC INC

Property Details for 509 Shore Road

Subdivision Name
ACREAGE & UNREC
Township
38
Waterfront
No
LISTING UPDATED: 11/08/2024 01:30 PM

Property Details for 509 Shore Road

StatusActive
MLS #A4619352
Days on Market113
Taxes$8,227 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family
Year Built1978
Lot Size1.43 AC / 62,142 SF
CountySarasota County

Building Information for 509 Shore Road

Stories-Residences8Year Built1978Building Size-Lot Size1.43 AC / 62,142 SF

Property Information for 509 Shore Road

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 6530.0
  • Building Area Units: Square Feet
  • Directions: Headed South on N Tamiami Trl, turn right on Albee Rd, turn right on Shore Rd, and turn left on the property after the sign. Parking lot in the back.
  • Mls Major Change Type: New Listing
  • Major Change Type: New Listing
  • Listing Service: Full Service
  • Road Frontage Type: Access Road
  • Unit Number: No
  • Street Number: 509
  • Street Name: SHORE
  • Street Suffix: ROAD
  • State: FL
  • City: NOKOMIS
Taxes and HOA Information
  • Tax Legal Description: BEG AT NE COR OF SEC 35-38-18, TH S ALG SEC LINE S 01 W 2393.2 FT TO NE COR OF AHO TRACT TH CONT SAME COURSE 75 FT FOR POB TH N 89-43 W 203 FT TH N 02-55 E 75 FT TH N 89-43 W 104.7 FT M/L TO NW COR OF AHO TRACT TH S 02-55 W 95.18 FT TH S 09-43 E 307.7 FT M/L TO E LINE OF SAID SEC 35, TH N 20 FT TO POB, LESS ELY 25 FT FOR COUNTY RD, SUBJ TO 4721 C-SF UTILITY ESMT TO COUNTY DESC IN ORI 2005282465
  • Tax Lot: 0
  • Tax Year: 2023
Virtual Tour
Property
Lot Information
  • Additional Parcels Description: 0168-16-0033,0168-16-0039,0168-16-0034,0168-16-0023
  • Additional Parcels: Yes
  • Parcel Number: 0168160031
  • Total Acreage: 1 to less than 2
  • Total Num Buildings: 5
  • Water Access: No
  • Water Extras: No
  • Zoning: RMF1
  • Living Area: 6530
Property and Assessments
  • Year Built Numeric: 1978
  • Flood Zone Code: X
  • Flood Zone Date: 03-27-2024
  • Flood Zone Panel: 12115C0239G
  • Net Operating Income: $158,475
  • New Construction: No
  • Number Of Lots: 5
  • Numof Restrooms: 16
  • Property Condition: Completed
  • Public Survey Range: 18
  • Public Survey Section: 35
  • Dock YN: No
Utilities
  • Sewer: Septic Tank
  • Water Source: Well
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block, Stucco, Wood Frame
  • Foundation Details: Slab
  • Pool: None
  • Pool Private: No
  • Roof: Metal, Shingle
  • Waterfront Feet Total: 0
Interior Features
  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Cooling: Central Air, Mini-Split Unit(s)
  • Flooring: Ceramic Tile, Engineered Hardwood
  • Heating: Central Individual, Electric
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
  • Window Features: Impact Glass/Storm Windows
Multi Family
Multi-Family Information
  • Annual Income Type: Actual
  • Gross Scheduled Income: $282,991

Property History for 509 Shore Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 509 Shore Road

Taxable ValueLand$222,400Additions-Total$222,400
Tax Record2023$2,986 ($249 / month)
Home Facts
Beds0Lot Size11,200 SqFtStyleResidentialZoningRMF1CountySARASOTAAPN0168-16-0039

Schools near 509 Shore Road

This home is within Sarasota.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - K to 8
Charter - 6 to 8
Rating
School
Distance
Laurel Nokomis School
PublicPK to 8

Venice Senior High School
Public9 to 12

Island Village Montessori School
CharterK to 8

Student Leadership Academy
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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509 Shore Road is a multi-family home for sale in Nokomis, FL 34275. This property was listed for sale on August 6, 2024 by HARRY ROBBINS ASSOC INC, it's currently listed at $3,800,000. It has been on the market for a total of 113 days and was last sold on October 22, 2021. This listing's school district is Sarasota. Nearby schools include Laurel Nokomis School, Venice Senior High School and Island Village Montessori School. 509 Shore Road is a 0-bed, 0-bath, 6,530 sqft multi-family home built in 1978.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of HARRY ROBBINS ASSOC INC, Isaiah Miller; HARRY ROBBINS ASSOC INC, Marlin Yoder

The information is being provided in part by Southwest Florida Multiple Listing Service, Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2, and MarcoMls. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 Southwest Florida Multiple Listing Service and MarcoMls. All Rights Reserved. The data relating to real estate for sale displayed on this website comes in part from the Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2 and MarcoMls. Properties listed with brokerage firms other than Compass are marked with the "BR House" logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Naples MLS BR Program, or contained in the database compilation of Naples MLS.