$1,500,000 for Sale

521 & 520 drury lane, punta gorda, FL 33950

Beds 0 Baths 0 4,794 Sqft 1.73 Acres 1 of 94
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Property Description
WELCOME TO CABANA JOE’S the best kept secret in all of Punta Gorda. Providing guests daily and short term stays, this incredible estate is truly one of a kind. Spanning over 1.7 acres, Cabana Joe’s offers three separate buildings with room to expand the already diverse property. Designed with resort style amenities, features and atmosphere, this exceptionally established income producing property combines for a total of 10 rental units with 9 individually named cabanas and an RV. In addition to each cabana (one & two bedroom units) having their own kitchenette, bathroom, laundry space, living area and theme, many have their own private decks with hot tubs. Guests are fully submerged into the Florida vacation lifestyle with countless conveniences including a massive heated pool with waterfall, grotto style spa, volleyball court, margarita bar, tropical wooded breezeways, picnic pavilion, gym, video library, firepit, parklike common areas, three community hot tubs, cookout station, hammock section, arcade games, full pool bathroom, reptile exhibit, koi pond, free bikes/kayaks rentals and vibrant color schemes incorporated throughout. Each cabana has its own unique style with all the luxuries needed for guests to comfortably enjoy their stay, featuring flatscreen TV’s with cable, free WiFi, appliances, cookware, furnishings and linens. Completely remodeled from 2015-2016, Cabana Joe’s is 100% turnkey encompassing everything needed including the 4.8 star Google rating to continue orchestrating this thriving business. Since conception gross revenues have continued to climb year in and year out with continued repeat customers. In 2020 utilizing Airbnb, VRBO and call-in bookings the gross revenue exceeded $130,000 with minimal expenses due to newer energy efficient units, onsite staff and minimized operating costs. Extensive opportunities are available to expand into additional rental facilities, storage space or income producing uses utilizing the connected acre of cleared land zoned OMI with ability to be subdivided. Centrally located across from the famous Fat Point Brewery, Cabana Joe’s is 1.2 miles off of the interstate and 1.5 miles from downtown Punta Gorda offering fine dining, nightlife, Harbor views, walking trails and shopping. Punta Gorda airport is less than 3 miles from the resort providing convenience and extremely affordable travel arrangements. Inventory list, P&L report, confirmed bookings and additional pictures/details available.
General Information
Sale Price: $1,500,000
Price/SqFt: $313
Status: Active
MLS#: C7437749
City: punta gorda
Post Office: punta gorda
Schools: charlotte high
County: Charlotte
Subdivision: pineapple centre
Acres: 1.73
House Size: 4,794 sq.ft.
Acreage: 1.73 est.
Year Built: 1956
Property Type: Multi-Family
Features & Room Sizes
Outer Buildings:  Cabana,Finished RV Port,Outdoor Kitchen,Storage
Construction:  Block,Concrete,Log,Stucco,Wood Frame,Wood Siding
Exterior Misc:  Fenced,Outdoor Grill,Outdoor Kitchen,Outdoor Shower,Sidewalk,Storage
Pool:  Yes
Pool Description:  Gunite,Heated,In Ground,Lighting,Outside Bath Access,Screen Enclosure
Fireplaces:  1
Basement:  No
Foundation :  Slab
Appliances:  Built-In Oven,Cooktop,Dishwasher,Dryer,Electric Water Heater,Ice Maker,Microwave,Range,Refrigerator,Washer
Cooling:  Central Air,Wall/Window Unit(s)
Heating:  Central,Wall Units / Window Unit
Tax, Fees & Legal
Est. Summer Taxes:  $0
Est. Winter Taxes:  $12,013
Legal Description:  PPC 000 0001 000K PINEAPPLE CENTRE BLK 1 SUB OF LT 7 ALL OF LT K & LT L THAT PT OF LT J DESC AS BEG NE COR LT J S 10 FT SW 110.18 FT N 41.2 FT E 105.75 FT TO POB 728/1319 728/1325 759/20961037/1069 1737/2073 CT1885/300 2219/1850 CT3975/1583 4010/1913 PPC 000 0000 0 & PINEAPPLE CENTER BLK2 THE S 68 FT OF LT B SUB IN LT 7 400/695 452/166 DC629/600 852/616 918/379 1137/1684 CT1501/604 1637/316 2047/1661 CT3880/681 3901/1433 3901/1436 PPC 000 0002 000E PINEAPPLE CENTRE BLK 2 LTS E & F SUB IN LT 7 51/125 284/532 700/1488 2917/996 2917/1028 2949/856 3982/1908 PPC 000 0002 000C PINEAPPLE CENTRE BLK 2 LTS C & D SUB IN LT 7 PR#4484 1369/1506 DC1441/244 1876/1460 2922/1354 3982/1908

Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2021
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Mark Soravilla of RE/MAX PALM REALTY
(561) 702-3169 Call Michael Salino for more information about this property.

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Michael Salino
(561) 702-3169

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This Home located at
521 & 520 drury lane, punta gorda FL 33950
is currently for sale priced at $1,500,000 and was listed on January, 23, 2021 and has been on the market for 311 days and was last updated on October, 27, 2021.

521 & 520 drury lane has 0 bathrooms, and approximately 4,794 square feet. This home is in the charlotte high school district with 1.73 acres and was built in 1956. 521 & 520 drury lane is in the 33950 ZIP Code area of punta gorda.

If you have any questions about this property or any others, please don't hesitate to contact me.