212 Casey Key Road Nokomis, FL 34275
For Sale MLS# A4614766
15,069 sq ft Commercial
Details for 212 Casey Key Road
MLS# A4614766
Description for 212 Casey Key Road, Nokomis, FL, 34275
Escape Resort and Marina is a rare opportunity to purchase a profitable boutique resort that exudes a tropical sophistication that is rarely found. This tropical oasis is comprised of seven buildings with enormous suites that have very recently been thoughtfully reconstructed. This Casey Key resort is located on over one acre of lushly landscaped waterfront paradise that is only steps from the pristine sand and welcoming waves of the Gulf of Mexico and located near delicious waterfront restaurants and world class shopping. The lushly landscaped paver walkways lead to 14 expansive rooms each open onto the outdoor patios & balconies with many rooms having a waterfront view. All recently reconstructed rooms have been extensively renovated with features that include all new roofs, electrical and plumbing, HVAC and mechanical systems, new drywall with wall to ceiling finishes, new flooring throughout, new category 4 windows and doors and light fixtures. Each room offers new full-sized kitchens with high quality cabinetry, countertops and stainless-steel appliances, flat top stoves, microwaves, and dishwashers. Rooms range from 2 bedroom with den/3 baths to large one-bedroom suites. Onsite, guests enjoy a large pool and sundeck, hip, fun common areas including a beautiful waterfront clubhouse with full kitchen, a waterfront amphitheater with firepit, BBQ grilling areas, bicycle and kayak rentals, and workout facilities. The enormous modern rooms are styled to perfection and adorned with flat-screen TV’s, free Wi-Fi, and high-end furnishings. The attention to detail is awe inspiring as represented by the high guest review ratings and return clientele. This is a very profitable resort that has consistently experienced year after year increases in occupancy/ADR with very strong projections for 2024. The recently reconstructed 15 dock marina provides an additional generous steady stream of income. The marina is located on sailboat water and can accommodate boats up to 50 feet, contains up to 50-amp electric, water, nine 20-foot finger pipers as well as one covered boat slip with lift. Escape Resort is truly a premier year-round waterfront resort and marina. The demand for waterfront island Vacation Rentals is extraordinary and this resort stays consistently full. Escape Resort and Marina is located on coveted Casey Key Island nestled just south of world-renowned Siesta Key and quaint Venice Island and is a short drive into Sarasota, the cultural capital of the south. This island has very little accommodation competition and rooms can be rented nightly, weekly, or monthly. This Florida island beach lifestyle includes awe-inspiring sunsets and guests enjoy this amazing experience. With all of the upgrades recently completed, this is a turn-key investment for any entrepreneur or experienced hotelier that will bring tremendous cash flow while enjoying a true Island beach experience. Please DO NOT walk the property without permission and DO NOT disturb Seller or Employees.
Listing Information
Property Type: Commercial, Hotel/Motel
Status: Active
Lot Size: 1.11 Acres
Square Feet: 15,069 sq ft
Year Built: 1965
Stories: 1 Story
Construction: Block,Stucco,Wood Frame
Subdivision: Acreage & Unrec
Foundation: Slab
Number Of Units Total: 14
County: Sarasota
Interior Features
Additional Interior Features: Furnished, Solid Surface Counters
Utilities
Water: Public
Sewer: Septic Tank
Other Utilities: Water Connected
Cooling: Central Air
Exterior / Lot Features
Parking Description: Parking Space(s)
Lot View: Bay,Intercoastal,Marina,Ocean,Water
Waterfront Details
Water Front Features: Gulf Access, Bay Access, Beach Access
Driving Directions
From Sarasota, take US41/Tamiami Trail south to Albee Road in Nokomis. Turn right (west) on Albee Road, over the bridge to Casey Key. Turn right (north) onto Casey Key Road to the property on the right.
Financial Considerations
Tax/Property ID: 0169070024
Tax Amount: 58398.8
Tax Year: 2023
Price Changes
| Date | Price | Change |
|---|---|---|
| 12/09/2024 06.57 AM | $10,450,000 | -$500,000 |
| 07/11/2024 01.47 PM | $10,950,000 |
A broker reciprocity listing courtesy: A YOUNG REALTY GROUP INC
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 212 Casey Key Road
Sales History
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| Currently not available. | ||
Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
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| Currently not available. | ||
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Schools
Schools nearby 212 Casey Key Road
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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