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7-Unit Short-Term Vacation Rental Property
For Sale
$3,990,000

1120 GULF Blvd, Englewood, FL 34223

Established seven-unit vacation rental package with two adjacent buildings and remodeled suites designed for flexible short-stay occupancy.

Property Size5,151 SF
Days on Market58

Property Features for 1120 GULF Blvd

General Information

Standard status Active
Size 5,151 SF
Property subtype Investment

Additional Details

Business Included Yes
Multifamily Units 7

Taxes and HOA fees

Annual Taxes $17,580

Building Details

Building Size 5,151 SF
Year Built 1960
Listing Agency: RE/MAX ALLIANCE GROUP
Listed By: Alex Chirillo · License #3039882
Source: Elliman
Added: Jun 23 Changed: Aug 10 Last Checked: Aug 18 at 9:17AM

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 RE/MAX ALLIANCE GROUP

Investment Insights

Based on property information with market context.

This established seven-unit short-term vacation rental property is offered as a package with two adjacent buildings totaling seven rental units. The main house is a two-story structure with five remodeled suites: three one-bedroom, one-bathroom suites, one two-bedroom, one-bathroom suite on the lower level, and a spacious three-bedroom, two-bathroom suite occupying the entire upper level. The lower-level suites feature open floor plans, updated kitchens with granite countertops and stainless-steel appliances, updated bathrooms with tiled walk-in showers, and private outdoor patios. The upper-level suite includes a full kitchen, living area, an ensuite primary bedroom, private balconies, and partial Gulf views, providing flexibility for owner occupancy or additional rental income.

The pool house is a renovated single-story duplex with two side-by-side two-bedroom, one-bathroom suites connected by a shared screened front porch. This building provides access to a private heated swimming pool and tiki bar area. Across the property, there are guest-focused amenities including private patios and outdoor seating for each suite, outdoor dining areas, Weber grilling stations, outdoor showers, on-site laundry, Wi-Fi, tropical landscaping, and evening landscape lighting. A two-car gathering garage adds additional guest space with lawn games, a large-screen TV, seating for 32, and a full-size refrigerator with a freezer.

Well-suited for operators seeking a turnkey, multi-unit short-stay setup with a mix of unit sizes, including group-friendly configurations through the main house and pool house layout. The property’s island setting on the southern end of Manasota Key places it within walking distance of beach access and just moments from Stump Pass Beach State Park.

Key Highlights

  • Established 7‑unit, licensed short‑term vacation rental package on Manasota Key with nightly, weekly, monthly, and seasonal rental options.
  • Two adjacent buildings with 5 remodeled suites in the main two‑story building plus a renovated pool house duplex with 2 additional units.
  • Main house lower level: three 1‑bedroom/1‑bath open‑floor‑plan suites plus one 2‑bedroom/1‑bath suite, each with private outdoor patios.

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Spa & Massage Center Gym & Fitness Center Restaurant Farmer's Market Travel Agency Bed & Breakfast

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

Lease Details

7
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

112
Businesses Nearby

Demographics for 34223, FL

19,118
Population
14,484
Households
1.3
Avg Household Size
66
Median Age
39%
College-Educated
96%
High-School Grad
41.9 sq mi
ZIP Area
456
Density / Sq Mi
$70,155
Median Household Income
$39,486
Median Earnings
$1,288
Median Rent
$358,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Short term rental property - Established seven-unit vacation rental package with two adjacent buildings and remodeled suites designed for flexible short-stay occupancy.
Where is this short term rental property located?
The property is located at 1120 GULF Blvd Englewood, FL.
What is the asking price?
The asking price for this property is $3,990,000.
What are key features of this property?
This property features: Established 7‑unit, licensed short‑term vacation rental package on Manasota Key with nightly, weekly, monthly, and seasonal rental options.; Two adjacent buildings with 5 remodeled suites in the main two‑story building plus a renovated pool house duplex with 2 additional units.; Main house lower level: three 1‑bedroom/1‑bath open‑floor‑plan suites plus one 2‑bedroom/1‑bath suite, each with private outdoor patios.
More about this property
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