Search
Island Paradise Multifamily Investment
For Sale
$5,900,000

102 39TH St 2, Holmes Beach, FL 34217

Turnkey 8-unit property near Gulf of Mexico with rental potential.

Property Size4,944 SF
Lot Size0.23 Acres
Days on Market268

Property Features for 102 39TH St 2

General Information

Standard status Active
Size 4,944 SF
Lot size 0.23 Acres
Property subtype Investment

Taxes and HOA fees

Annual Taxes $40,000

Building Details

Building Size 4,944 SF
Year Built 1950
Units 8
Listing Agency: STARZ REAL ESTATE, LLC
Listed By: Robert Louloudes · License #3292289
Source: Elliman
Added: Nov 28, 2025 Changed: Aug 12 Last Checked: Aug 23 at 7:11AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of STARZ REAL ESTATE, LLC

Investment Insights

Based on property information with market context.

Alamanda Villas is an 8-unit multifamily property located steps from the Gulf of Mexico. The property features a heated outdoor pool, barbecue facilities, and umbrella-covered patio areas with water views. Each unit includes one bedroom and one bathroom, along with a fully stocked kitchen equipped with a microwave, refrigerator, coffee maker, oven, and stove top. The property is located near shops, restaurants, and entertainment options, and is within a five-minute walk to the trolley stop, providing access to Anna Maria Island. Daily rentals are permitted. Each unit is condominiumized, allowing the buyer to become the sole owner and member of the condominium association.

Key Highlights

  • Steps from the Gulf of Mexico with water views.
  • Turnkey property** with daily rentals permitted.
  • Each unit is already Condominiumized.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Auto Repair Shop Law Firm Hair Salon Auto Parts Store Dental Office Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

336
Businesses Nearby

Demographics for 34217, FL

3,825
Population
5,940
Households
0.6
Avg Household Size
65
Median Age
61%
College-Educated
98%
High-School Grad
2.1 sq mi
ZIP Area
1,821
Density / Sq Mi
$90,278
Median Household Income
$44,044
Median Earnings
$1,657
Median Rent
$636,300
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Turnkey 8-unit property near Gulf of Mexico with rental potential.
Where is this apartment building located?
The property is located at 102 39TH St 2 Holmes Beach, FL.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: Steps from the Gulf of Mexico with **water views**.; Turnkey property** with daily rentals permitted.; Each unit is already Condominiumized.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message