Condominium Unit
New
For Sale
$21,120,000
2725 Coconut Bay Ln, Sarasota, FL 34237
The offering combines owned residences with contractual option rights to assemble a larger condominium portfolio.
Property SizeContact for details
Days on Market5
Property Features for 2725 Coconut Bay Ln
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Multifamily Units
132
Amenities
132 condominium units within 248 centrally-located and highly-amenitized community
Unique opportunity to acquire majority-control of association through bulk acquisition and further acquire units for reversion to multifamily use
Recent multifamily sale comparables support 25%+ exit valuation increase
Community features an unparalleled comprehensive amenity set, including an expansive sparkling swimming pool, recently upgraded large fitness center, tennis courts, playground, dog park, picnic area, sauna, theater/media facilities, business and conference areas, game rooms, elevators, controlled access, complimentary community-wide resident Wi-Fi, and an EV charging area
Seller owns 174 of community's 182 storage units
Several recent substantial capital improvements, including new impact doors and windows and water heaters in all units
Sarasota's tourism industry attracts approximately 2- to 3-million visitors annually, generating billions of dollars in economic impact; with healthcare, insurance, and manufacturing employers serving as important components of the regional economy
The Sarasota area is distinguished by white-sand beaches, year-round sunshine, dining, shopping, outdoor activities, and a vibrant arts and culture scene. Known as Florida's "Culture Coast" the area offers venues such as the Sarasota Opera House, John and Mable Ringling Museum of Art, Mote Marine Laboratory & Aquarium and Marie Selby Botanical Gardens
Building Details
Units
132
Listing Agency:
Marcus & Millichap - RPH Multifamily Group
Listed By:
Ned Roberts, CCIM · License #License(s): FL: SL3211874
(813) 387-4721
Source:
Marcusmillichap
Added: Sep 28
Changed: Sep 30
Last Checked: Oct 1 at 7:56AM
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 Marcus & Millichap - RPH Multifamily Group
Investment Insights
Based on property information with market context.
The offering comprises 132 condominium units in a 248-unit community in Sarasota, Florida. The seller owns 84 units and holds contractual option rights covering another 48, allowing all 132 units to be conveyed together.
Key Highlights
- 132 condominium units available for conveyance
- Seller owns 84 units and holds contractual option rights on 48 more
- The 132 units are part of a 248‑unit community in Sarasota, Florida
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
132
Residential units
Location Intelligence
Trade Area within ½ mile
1,538
Businesses Nearby
Explore this area
Business Placement
Demographics for 34237, FL
16,740
Population
9,194
Households
1.8
Avg Household Size
42
Median Age
26%
College-Educated
89%
High-School Grad
3.9 sq mi
ZIP Area
4,292
Density / Sq Mi
$63,133
Median Household Income
$35,044
Median Earnings
$1,524
Median Rent
$234,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - The offering combines owned residences with contractual option rights to assemble a larger condominium portfolio.
Where is this multifamily property located?
The property is located at 2725 Coconut Bay Ln Sarasota, FL.
What is the asking price?
The asking price for this property is $21,120,000.
What are key features of this property?
This property features: 132 condominium units available for conveyance; Seller owns 84 units and holds contractual option rights on 48 more; The 132 units are part of a 248‑unit community in Sarasota, Florida
