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1820 GULF BOULEVARD
About This Property
Don't miss this incredible opportunity to own an oversized beachfront lot with 95 feet of Gulf of Mexico frontage in the heart of Manasota Key. Zoned MMF-12 (Multi-Family), this expansive 20,000-square-foot property (approximately 0.46 acres) with ownership to the ECL (erosion control line)offers remarkable development potential for your dream coastal project.
This ideally situated lot is just moments away from vibrant beach bars and restaurants, where you can enjoy live music and local fare. Take a leisurely stroll along the white sandy beaches, hunting for colorful shells and sharks' teeth, or cast a line and reel in your "fresh catch" for dinner. Enjoy being front and center for the annual Englewood Beach Waterfest including the OPA (Offshore Power Boat Association) Boat races, and a short walk to daily morning "yoga on the beach".
Nearby Stump Pass State Park provides a perfect spot to watch boats cruising to and from the Gulf of Mexico, adding to the charm of this classic Old Florida coastal town. Whether you're envisioning a private beach retreat or an income-generating development, this property offers unmatched possibilities in an idyllic location.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 17, 2026 | Sold | ||
| Sold | |||
| Jul 29, 2026 | In contract | - | |
| In contract | |||
| Mar 17, 2026 | Price Decreased |
$1,995,000
↓ $255K
(11.3%) | |
| Price Decreased | |||
| Oct 29, 2025 | Price Decreased |
$2,250,000
↓ $489K
(17.9%) | |
| Price Decreased | |||
| Jul 10, 2025 | Relisted | $2,739,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017