$1,500,000

520 & 521 Drury Lane

PUNTA GORDA FL, 33950

Description

WELCOME TO CABANA JOES 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 Joes 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 TVs with cable, free WiFi, appliances, cookware, furnishings and linens. Completely remodeled from 2015-2016, Cabana Joes 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 Joes 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.

Details

MLS#C7437947
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1973
Days On Site30

Features

SQ Feet4,794
Story(s)1
ZoningOMI
Acreage1.73
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Area Information
StateFL
CountyCharlotte
CityPUNTA GORDA
Zip Code33950
Area33950 - Punta Gorda
Listing VS Median (in 33950)
Price:
$1,500,000
low | high
Med:
$264,500
100% of Average
SqFt:
4,794
low | high
Med:
1,191
100% of Average
$ / SqFt:
$313
low | high
Med:
$229
76.875249333465% of Average
On Site:
30
low | high
Med:
11
100% of Average
Listing Updated: February 10, 2021 3:04:37 AM PST
Mark Soravilla LogoMLS Number: C7437947
Listing Provided By:
Mark Soravilla  of  RE MAX PALM REALTY

MLS Internet Data Exchange (IDX) information is provided exclusively 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, and that the data is deemed reliable but is not guaranteed accurate by the MLS.