Wade M. Berlin

An exceptionally rare opportunity to acquire a fully renovated, income producing, nine unit, waterfront condominium complex located adjacent to Turtle Beach on world renowned Siesta Key. Coral Shores offers immediate short term rental income opportunity, paired with long term redevelopment and appreciation potential, in one of Floridas most supply constrained coastal markets. Property Highlights: Nine (9) condominium units sold as a package Just under 0.50 acre waterfront site Direct Sarasota Bay to Gulf of Mexico access no bridges Four private docks with eight slips (up to ~40+ vessels) Heated in ground swimming pool Large central parking lot for tenants and guests Shared laundry and owner storage facilities Predominantly 2BR units with select 1BR and studio layouts Renovations & Interior Upgrades: All units have recently completed extensive renovations featuring modern coastal interiors, updated kitchens with new appliances, stone countertops and new cabinetry, glass enclosed contemporary bathrooms, new flooring, trim, windows, and select in unit laundry, new common pay laundry appliances with storage closets, new raised HVAC units, new pool pump equipment, and more. The property is fully turnkey for continued short term rental use. Income & Zoning Upside: Currently operating as weekly short term rentals with strong seasonal occupancy. Zoned for low rise condominiums (23 stories), with surrounding properties zoned mid rise (46 stories), providing future redevelopment or density expansion potential subject to approvals. More detail is available with executed NDA.