Anna Maria Island, fl

The Property

This Property was purchased from the FDIC who had taken over the foreclosed assets of a failed bank. This one acre beachfront parcel was originally entitled for 36 condo units. At closing, the land was subdivided into five individual parcels to allow for the development of five single family homes that cater to “large family gathering” vacationers. Each home contains a minimum of six bedrooms, its own beachfront pool and private direct access to the white sands of Anna Maria Island.

The Results

The five homes have been built and rent on a weekly basis to vacationers local and from around the globe.  The homes have achieved over 80% annual occupancy since they were built.