212 Casey Key RdNokomis, FL 34275

Property Details for 212 Casey Key Rd

Year built

1965

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.11 AC

Property size (Sq ft)

3,313 SF

Zone code

RSF1

Property type

Hospitality properties

Property subtype

Hotels

APN

0169-07-0024

APU

169070024

Description

Escape Resort and Marina on Casey Key, Florida, presents a rare opportunity to acquire a thriving, recently renovated boutique resort. This exceptional property boasts 14 expansive suites, each featuring full kitchens with stainless-steel appliances, new flooring, windows, and doors. The resort sits on over an acre of lushly landscaped waterfront land, steps from the Gulf of Mexico. Amenities include a large pool and sundeck, a waterfront clubhouse with a full kitchen, an amphitheater with a firepit, BBQ areas, bicycle and kayak rentals, and a fitness center. The property also includes a 15-dock marina accommodating boats up to 50 feet, equipped with 50-amp electric and water hookups. All rooms are stylishly furnished with flat-screen TVs and free Wi-Fi. The resort enjoys consistently high occupancy rates and strong year-over-year revenue growth, making it an ideal turnkey investment for an entrepreneur or experienced hotelier seeking a profitable waterfront venture in a highly desirable location near Sarasota. The resort's prime location on Casey Key Island offers limited competition and the ability to rent rooms nightly, weekly, or monthly. The property features seven buildings totaling 17,196 square feet. This is a truly exceptional opportunity to own a successful and highly sought-after waterfront resort and marina.

• CAP approach

  CAP return

  Valuation

  6%

  $998,178

  6.5%

  $921,395

  7%

  $855,581

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,561,856

  Geo Method

  $1,421,875

• Alternative Use

  Use

  Valuation

  Residential

  $1,005,896

  Hospitality

  $921,395

  Educational

  $766,590

  Medical

  $792,954

  Retail

  $1,192,473

Location Insight

City

Nokomis

County

Sarasota

State

Florida

Latitude

27.1272

Longitude

-82.4709

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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