6 Cove LANE, Englewood, FL, 34223 | $720,000

Under contract-accepting backup offers. This stunning WATERFRONT home offers the ultimate blend of LUXURY, SUSTAINABILITY, and INVESTMENT POTENTIAL boasting a highly profitable AIRBNB business generating FANTASTIC INCOME in short-term rentals! Positioned just 2. 9 MILES FROM ENGLEWOOD BEACH, offering the ideal coastal lifestyle while also delivering an array of impressive features. This is a truly unique ZERO-EMISSIONS property, powered by a state-of-the-art TIER 2 SOLAR SYSTEM that produces 14. 8 KW, valued at over $70, 000 allowing this home to operate entirely on clean energy, reducing your carbon footprint and eliminating utility costs. The home’s WATERFRONT location offers direct access to LEMON BAY and the GULF OF MEXICO via only two fixed bridges, making it a boater’s dream with its PRIVATE BOAT RAMP and ample BOAT AND RV PARKING. Whether you’re relaxing by the recently resurfaced HEATED POOL with a brand-new Wi-Fi-controlled pool heater or enjoying the expansive outdoor area, you’ll find the property perfectly equipped for outdoor living. The privacy fence surrounding the home offers a secluded retreat while maintaining views of the water, and the large parking area accommodates at least five vehicles, making it ideal for entertaining guests or accommodating visitors. Inside, the home is impeccably maintained, with a METICULOUS OWNER who personally cleans the property between guests, ensuring its 5-STAR REVIEWS on Airbnb. The interior is light, bright, and airy, with large windows throughout that allow NATURAL LIGHT to flood the home. The bright colors and modern design create a serene and welcoming atmosphere. The upstairs features LUXURY VINYL FLOORING, while the downstairs is finished with elegant PORCELAIN TILE. The kitchen features GRANITE COUNTERTOPS, STAINLESS STEEL APPLIANCES, all just two years old plus a BRAND NEW REFRIGERATOR and DISHWASHER. This home also comes FULLY FURNISHED with beautiful furniture purchased within the last two years, making it truly TURN-KEY and ready for immediate occupancy or continued Airbnb rental success. A unique feature of this property is the INTERIOR IN-LAW SUITE with a beautiful kitchen, QUARTZ COUNTERTOPS, and a PRIVATE ENTRY, perfect for multi-generational living or providing additional rental income. With TWO KITCHENS, the home offers incredible flexibility, catering to large families, guests, or renters. The water heater and HVAC system are both only three years old, and the home benefits from a recently upgraded ELECTRICAL SYSTEM and PLUMBING, ensuring low maintenance and long-term peace of mind. Beyond the home itself, the location is unbeatable. Situated near the vibrant and historic DEARBORN STREET, you’ll enjoy easy access to shopping, restaurants, and all the charm Englewood has to offer. Whether it’s paddleboarding, kayaking, or taking a short boat ride to the Gulf, this property is a true oasis for outdoor enthusiasts. Included in the sale are pedal boats and kayaks, further adding to the property’s appeal for guests or owners looking to enjoy the surrounding waters. This home represents the perfect combination of a LUXURY FAMILY HOME and a thriving, INCOME-GENERATING PROPERTY THAT SLEEPS 12 PEOPLE. Financials are available upon request, making this a truly exceptional investment opportunity. Whether you’re looking for a family retreat or a lucrative property with a preexisting, highly profitable Airbnb business, this home offers everything you could want in one of Florida’s most desirable coastal towns.

Features

  • Rooms: 5
  • Bedrooms: 4
  • Baths: 2 full / 1 half
  • Lot Size: 86 x 127
  • Laundry: Inside
  • Year Built: 1979
  • Garage: 2-car Boat, RV Parking
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 1,400
  • Acreage: 0.25
  • Lot Size: 86 x 127
  • Est. Taxes: $4,983
  • View: Water
  • Pool: Heated
  • Appliances: Dishwasher, Dryer, Microwave, Range, Range Hood, Refrigerator, Washer
  • MLS#: N6134215
  • Days on Market: 2 days
  • Website: https://www.raveis.com
    /prop/N6134215/6covelane_englewood_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). 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. (last updated 9/19/2024 4:04:59 AM)
Listing courtesy of COLDWELL BANKER REALTY   Phone: 941-493-1000

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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6 Cove LANE, Englewood, FL, 34223

$720,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $576,000 $576,000 $576,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 5.990% 4.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.470% 6.161% 5.248%
Monthly Tax Payment $415 $415 $415
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,500 $3,450 $4,552
Total Monthly Payment $4,007 $3,957 $5,059

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.