3707 GULF DRIVE HOLMES BEACH FL 34217 MLS #T3507986

Welcome to Family Tides on Anna Maria Island. This resort style 4 plex is located just 300ft from the beach on a corner lot. This spectacular fully updated property is very unique to the market. Its major selling points include a 6-month-old 8-person spa, large heated pool with a waterfall feature, rooftop deck with views of the gulf, and its (5) suite (4) unit layout. Each suite has its own kitchen and living room with all new furniture and finishes making the house ideal for multiple groups traveling together.

Each unit comes equipped with zoned central A/C and smart thermostats. All appliances, electronics and furnishings are included in the sale. This property is completely turnkey and has performed very well as a vacation rental for the past three years, averaging 25 booked weeks and $345,000 in gross rents annually. There is upside to take advantage of by filling more vacant weeks. One of the major advantages of this property is its zoning as a full (4) unit. Each unit can be marketed to accommodate up to (6) occupants which means the property as a whole can legally advertise as accommodating up to (24) people. There is onsite parking available for up to (12) cars. There are very few single properties on the island able to host that many people.

In late 2021 the roof was re-done with a brand-new hidden fastener standing seam metal roof. The section at the roof top deck is 3-ply built up roofing and was re-done in 2021 as well. Most of the exterior sliding doors and windows were replaced. All the units received new HVAC units in 2021.

Outside features a large wrap around block paver patio space with multiple tables, chaise lounges, and sitting areas. Relax after a day at the beach at your own tiki bar with TV. The pool, quite large for an island property, is heated and has a beautiful rock waterfall feature and blue LED lights for evening swimming. Decks go around much of the property; some have ocean views. There also is a rooftop patio with tropical ocean views. The beach access across the street takes you to a beautiful section of open sand and is mainly used just by the locals due to limited public access. This home is centrally located for enjoying everything on the island. A 5-minute walk brings you to Publix (grocery), Dunkin Donuts, great beach shops, and restaurants. The AMI trolley stops are located across from Publix. This free trolley travels the length of the island and is an excellent way to get around, especially if you don’t have a car.

This is a great investment opportunity.