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Property view

216 Magnolia Avenue #A, 
Anna Maria, FL 34216

$1,302,000


Bed


Bath


1,642

Sq Ft


Multi-Family

Sold

Listed by

Rose Brown

Bought with RE/MAX ALLIANCE GROUP

Future Home Realty Inc

MLS#

U8211360

Source:

MFRMLS

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About This Home

216 Magnolia Avenue #A

Excellent opportunity to own this Tropical Paradise just a short stroll to the pristine beaches on the north end of ANNA MARIA ISLAND! This Duplex is on an over-sized corner lot and features a bright and spacious 2BR 1BA unit with terrazzo flooring, open kitchen with corian counters and dining area, enclosed Florida room which could easily be used as a 3rd BR providing additional rental income, plus attached private 1 car garage with laundry. The second unit is a charming 1BR 1BA, corian counters in the kitchen with a bar top and eating space and terrazzo flooring throughout. The enormous backyard has a patio where you can relax, barbeque, catch some rays and indulge in the island lifestyle! This Duplex provides the potential to live in one unit and rent out the other, rent both units or explore the possibility with the City's Building Dept. per current FEMA guidelines for a condo or SFR conversion or tear down and build an elevated SFR on this huge 8,438 sq. ft. lot and design your own perfect piece of heaven! Each unit has its own electric meter and the water meter is shared. The Island of Anna Maria has NO RENTAL RESTRICTIONS and this amazing property is just 2 blocks to the quaint boutiques and local cuisine on Historic Pine Ave. Take in the sights and explore the entire island by bike, golf cart or hop on the FREE trolley and visit the beautiful sugar sand beaches, Rod & Reel Pier, Bayfront Park, art gallery, museum, community center or plan a fishing charter and soak up all the beauty of this magical island! Just 9 miles to Longboat Key and a 40 minute drive to the Sarasota/Bradenton airport and I-75. Don’t miss this fantastic chance to add this gem to your investment portfolio and embrace a laid back atmosphere and experience the Island Lifestyle! (AUCTION DATE: 10/22 - 10/25).

Home Facts

Multi-Family

Built in 1968

Price Summary

1,485,000

$904 per Sq. Ft.

MLS #:

U8211360

Sold:

December 8, 2023


Rooms & Interior

Interior

Living Area:

1,642 Sq. Ft.


Structure

Structure

Year Built:

1968


Lot

Lot Size (Sq. Ft):

8,438


Finances & Disclosures

Finances

Price:

$1,485,000

Price per Sq. Ft:

$904 per Sq. Ft.

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