4520 S Biscayne Dr - Apartments FOR SALE


North Port, FL 34287
$11,000,000 USD
941-525-6818
4520 S Biscayne Dr, North Port, FL for Sale
$11,000,000 USD
Apartments - FOR SALE
1/73
null | 7.3% Cap Rate

4520 S Biscayne Dr
North Port, FL 34287


HIGHLIGHTS

  • Situated in an affluent neighborhood renowned for its exclusivity and high property value, Emerald Oaks offers investors a prestigious address
  • Emerald Oaks sets a new standard for luxury living, attracting tenants seeking an unparalleled lifestyle experience in SARASOTA COUNTY
  • With its premium features and desirable location, Emerald Oaks commands competitive rental rates, ensuring investors enjoy impressive rental yields
  • Emerald Oaks are poised for significant capital appreciation over the long term, offering investors substantial returns on their initial investment.
  • 8 acres limited access complex with two entries
  • LARGE COMMUNITY SWIMMING POOL/3BEDROOM/2 BATH UNITS/Single CarOver-Sized garage/PUBLIC WATER/PUBLIC SEWER/Tankless water heater in all units

OVERVIEW

LIMITED-TIME INVESTMENT OPPORTUNITY – AUCTION STARTING AT $11,000,000! OFFER PERIOD: OCTOBER 16 – OCTOBER 30, 2025! ALL OFFERS WELCOME – QUALIFIED BUYERS & INVESTORS ONLY! Exceptional MULTIFAMILY Investment Opportunity in Sarasota County! This impressive 8-acre, limited-access property features 28 luxury apartment/condo units spread across 7 fully enclosed buildings, each boasting hurricane-resistant windows and doors (130 mph wind rating) and new metal roofs installed in December 2022 (10-year installation warranty / 25-year metal alliance warranty). ? Income-Producing Asset – All units are tenant-occupied. ? Expansion Ready – Infrastructure and underground utilities already in place for 13 additional land lots—approved to develop 78 more condo units! (See attached site plan.) ? NO HOA or CDD Fees! Each unit offers approximately 1,852 sq ft of living space with 3 bedrooms, 2 bathrooms, and a single-car oversized detached garage for parking and storage. Interiors include: Granite countertops in kitchens and baths Raised panel cabinetry Complete GE appliance package Crown molding & colonial trim 9.4-foot ceilings Tankless water heaters Screened lanais & covered, lighted entries Stacked washer/dryer in units Ceiling fans and lighting fixtures included Community amenities feature a large pool, plus a 3,600 sq ft recreation/meeting building equipped with a wet bar and kitchen area. The property also includes public water, public sewer, and a security system with optional monitoring. This property has been freshly painted, meticulously maintained, and offers a rare opportunity to expand or continue as a strong income-generating multifamily complex in North Port, Sarasota County—one of Southwest Florida’s fastest-growing regions. Don’t miss out! Schedule your private showing today and explore the limitless potential of this exceptional investment.

FOR SALE DETAILS

PRICE

$11,000,000 USD

PRICE/SF

$276 USD /SF

# OF UNITS

28

PRICE/UNIT

$392,857

CAP RATE

7.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Emerald Oaks Of NORTHPORT Luxury Condominium

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2008

PARKING SPACES

79

LAND DETAILS

LAND ACRES

7.78 AC

LAND SF

338,897 SF

ZONING

RMF

APN/PARCEL ID

0996-00-2904

ASK ABOUT THIS PROPERTY

Regina MelmanRe/Max Palm RealtyMore Info
941-525-6818

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Regina MelmanRe/Max Palm RealtyMore Info
941-525-6818

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.