132 condominium units within 248 centrally-located and highly-amenitized community (seller owns 84 units and has exclusive option rights on 48 units, allowing 132 total units to be conveyed). Unique opportunity to acquire majority-control of association through bulk acquisition and further acquire units for reversion to multifamily use. Recent multifamily sale comparables support 25%+ exit valuation increase. Community features an unparalleled comprehensive amenity set, including an expansive sparkling swimming pool, recently upgraded large fitness center, tennis courts, playground, dog park, picnic area, sauna, theater/media facilities, business and conference areas, game rooms, elevators, controlled access, complimentary community-wide resident Wi-Fi, and an EV charging area (see pp 17, 22-26). Several recent substantial capital improvements, including new impact doors and windows and water heaters in all units (see page 15 for Timeline of Capital Improvements). Sarasota’s tourism industry attracts approximately 2- to 3-million visitors annually, generating billions of dollars in economic impact; with healthcare, insurance, and manufacturing employers serving as important components of the regional economy. The Sarasota area is distinguished by white-sand beaches, year-round sunshine, dining, shopping, outdoor activities, and a vibrant arts and culture scene. Known as Florida’s “Culture Coast” the area offers venues such as the Sarasota Opera House, John and Mable Ringling Museum of Art, Mote Marine Laboratory & Aquarium and Marie Selby Botanical Gardens. Community is across the street from both Tuttle Elementary School and Ed Smith Stadium, the Spring Training home of Major League Baseball’s Baltimore Orioles. 2.9 miles to Sarasota Memorial Hospital. 5.3 miles to Sarasota-Bradenton International Airport, serving a wide-range of year-round nonstop markets