107 Pine Avenue, Anna Maria, FL 34216

$4,999,999

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Property Description

For Investors looking to purchase property on the desirable north end of the Anna Maria Island, this unique and rare 4-unit apartment building is an exceptional investment opportunity. Welcome to Gulf Queen Apartments just 50 feet from the sugary sandy beaches of Anna Maria Island. Situated on nearly 7,400 sq ft lot, the property also presents future redevelopment potential-offering investors the flexibility to build new in this prime coastal location. This turnkey furnished, ground level 4-plex has two apartments with two bedrooms and one bathroom; and two apartments with one bedroom and one bath. Gulf Queen Apartments offers immediate income potential in one of Florida's most sought-after beach markets. The units showcase polished terrazzo flooring, open-concept living and kitchen areas, and tasteful coastal d?cor. Recent upgrades include renovated kitchens with granite countertops, updated bathrooms, and new furnishings throughout-creating an inviting, guest-ready environment. The 2-bedroom units comfortably accommodate up to four guests, making the property ideal for group bookings such as family vacations, reunions, or wedding parties. Anna Maria is known as a desirable wedding destination. The entire building can be rented out to accommodate wedding guests or other family gathering venues, or each unit can be rented individually. The property also has two golf cart charging stations to accommodate guests who want to tour the island in their rented golf cart. The property is located next door to the Sand Bar Restaurant which hosts many wedding guests from around the world each year. The property is also located on famous Pine Avenue, a street that runs from Tampa Bay to the Gulf of Mexico. The property's 107 Pine Avenue address is walkable to numerous shops and restaurants that stretch from the Bay to the Gulf. The location is unmatched-just steps to the beach, as well as the vibrant shops and dining along Pine Avenue, and convenient access to the free island trolley. Guests can easily stroll or bike to Bean Point, or enjoy nearby favorites like The Waterfront Restaurant and The Sandbar Restaurant. Whether you're seeking a vacation rental portfolio or a redevelopment opportunity in a premier beach destination, Gulf Queen Apartments delivers value, location, and income potential. Vacation Rental bookings available upon request. Call for a private viewing of this unique property today.

107 Pine Avenue | MLS# A4688961

This multi-family property located at 107 Pine Avenue, Anna Maria, FL 34216 is currently listed for sale with an asking price of $4,999,999. Search Anna Maria real estate on www.joinwatson.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 0.17 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $21,717
Year Built: 1968
Square Feet: 2,748

Amenities

Ceiling Fans(s)
Kitchen/Family Room Combo
Window Treatments
Courtyard

Feature Descriptions

Annual Net Income: 137597.00
Appliances: Dryer, Electric Water Heater, Range, Refrigerator, Washer
Directions: West on SR 64, right on Gulf Drive. Left on Pine Avenue.
Exterior: Block
Flood Zone Code: AE
Flooring: Tile
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash
Lot: Street Dead-End, Private
Lot Dimensions: 0.17
Ownership: Fee Simple
Parking: Guest, Reserved
Parking Notes: Guest, Reserved
Property Attached Y/N: No
Property Sub-Type: Quadruplex
Security: Fire Alarm, Key Card Entry, Security System Owned, Smoke Detector(s)
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Appointment Only, Call Listing Agent, Listing Agent Must Accompany, See Remarks, ShowingTime
Special Sale Provisions: None
Units: 4
Utilities: Cable Connected, Electricity Connected, Phone Available, Sewer Connected, Sprinkler Meter, Water Connected
Water: Public
Water Access Y/N: No
Zoning: C1

Listed By / Shown By

Listed By

Agency Name: MICHAEL SAUNDERS & COMPANY
Agency Contact: 941-896-9981

Shown By

Agency Title: Watson Realty Corp., REALTORS ® - Career
Agency Phone: (866) 243-8193

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Estimated Payment

$ 28,550.80 per month $25,282.72 Principal & Interest $1,809.75 Property Tax $1,458.33 Homeowner's Insurance

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