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240 COLONIA LANE E

Multi-family Recently Sold
$460,000

BTC: 5.67901235

ETH: 187.83176807

Sold on: 2024-12-03
86 days
0 room(s)
1,557 sqft

Overview

Completely remolded duplex for sale in just blocks from the water in the boating and fishing community of beautiful Nokomis, Florida. This stunning property offers a rare opportunity for both homeowners and investors to take advantage of the tremendous tourism in this amazing city situated on the Gulf of Mexico. Just minutes away from the Nation’s most desired beaches, world class dining, shopping, many first rate medical facilities, an abundance of outdoor activity and some of the top schools in Florida. The complete remodel included high quality wood simulated vinyl flooring, granite counter tops, can lighting, new downstairs air conditioner (upstairs air conditioner is less than 5 years old), new rain gutters, stainless steal appliances, complete kitchen and bathroom remodel, fresh paint on the interior and exterior, new patio deck (upstairs), impact windows in both the downstairs and upstairs units and much more. An amazing open floor plan was created in both units to allow for excellent entertaining opportunities or relaxing with family. New hurricane proof windows throughout the property allow an abundance of natural light. Each unit within this duplex offers spacious and inviting living areas. With two (2) bedrooms and one (1) bathroom in each unit, there’s plenty space for both living and parking. The property accommodates 5 vehicles and has space for an RV as well. This is an excellent opportunity for long-term and short-term vacation rentals as well as an amazing property for seasonal vacationing for your entire family. Outdoor living is one of the highlights of this duplex. Both the front and backyard of this property provide the perfect setting for activities such as family BBQs, outdoor entertainment or just relaxing with family and friends. There are two (2) separate outdoor laundry rooms for each unit with complete hook-up for a full sized washer and dryer. The laundry rooms also provide room for plenty of storage. Whether you're looking to invest or to reside in one unit while renting out the other, this duplex presents a fantastic opportunity. Don't miss out on the chance to own this incredible property in one of Florida's desirable real estate market. It should also be noted that there is space to add on another studio apartment if this property is being considered for additional income potential.

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1957
Lot:
0.18 Acres
Heating:
Central
Price/sqft:
$314
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$603,950
$506K – $662K
Confidence Low
List vs. estimate
$114K below estimate
List $489,000 · -19.0%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$314
-4.5% vs. city median $328
Based on
6 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$3,352
2023
Pets
Allowed
All facts and features
  • Flooring

    • Luxury Vinyl

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Dryer

    • Electric Water Heater

    • Range

    • Refrigerator

    • Tankless Water Heater

    • Washer

    Other interior features

    • Ceiling Fan(s)

    • Eating Space In Kitchen

    • Kitchen/Family Room Combo

    • Open Floorplan

    • Primary Bedroom Main Floor

    • PrimaryBedroom Upstairs

    • Stone Counters

    • Thermostat

    • Window Treatments

  • Property

    • Levels: Multi/Split

    • Exterior Features: Balcony

    Lot

    • Lot: 0.18 Acres

    Other Property Information

    • Parcel Number: 0405120024

    • Zoning: RMF1

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • Electricity Connected

    • Public

    • Water - Multiple Meters

    • Water Connected

  • Other financial information

    • Annual tax amount: $3,352

  • Source details

    • MLS ID: A4616193

    Other facts

    • Construction Materials: Stucco / Wood Frame

    • Foundation Details: Slab / Stem Wall

    • Laundry Features: Laundry Room

    • Lot Features: In County / Near Public Transit

    • Patio And Porch Features: Deck

    • Living Area: 1557

    • Water Source: Public

    • Lot Size Dimensions: 77 x 90 x 26 x 52 x 104

    • Subdivision Name: NOKOMIS

Private inquiry
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: MEDWAY REALTY