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Investment Highlights

  • Intracoastal Waterway
  • Multiple uses
  • Option to restore current structures

Executive Summary

This exceptional property, located in the heart of Englewood, presents a truly rare and exciting opportunity to create your ideal WATERFRONT haven or a thriving multi-use development. While it sustained damage from recent hurricanes, this simply clears the path for endless potential in renovation or a complete rebuild. This expansive 0.72-acre lot, boasting an almost unheard-of 140 feet of direct water frontage. The property currently features three small homes, two at 1,008 square feet (2 beds/1 bath) and a third at 600 square feet (1 bed/1 bath), offering a starting point for your vision. With OMI (Office, Medical, Institutional) zoning, this isn't just a residential opportunity; it's a chance to develop a unique space that serves a variety of needs. Enjoy seamless boat access with a concrete seawall and a wood dock, and just one bridge leading you to the beautiful Intracoastal Waterway. A new metal roof was installed in 2019, providing a solid foundation for your rebuilding efforts. Located in flood zone AE, the property offers excellent accessibility with two separate entrances, one on Manor Road and the other on Placida, ensuring convenience for you or your future guests. Whether you envision a luxurious private estate or a dynamic investment venture, this property provides the canvas for your grandest designs.

Property Facts

Price $750,000
Sale Type Investment or Owner User
Sale Conditions
Distress Sale
  • Build to Suit
  • Deferred Maintenance
  • High Vacancy Property
  • Redevelopment Project
  • Building in Shell Condition
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Industrial
  • Office
  • Apartment Units
Total Lot Size 0.72 AC
Zoning OMI - Office, Medical, Institutional

1 Lot Available

Lot

Price $750,000
Price Per AC $1,041,666.67
Lot Size 0.72 AC

Prime location, waterfront, zoning allows for multiple uses

Fairly walkable
40/100
Exceptionally drivable
90/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
412005356009
Land Assessment
$220,894
Improvements Assessment
$264,524
Total Assessment
$485,418
  • Listing ID: 37923897

  • Date on Market: 10/2/2025

  • Last Updated:

  • Address: 1999 Placida Rd, Englewood, FL 34223

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