8504 71st Avenue Dr E, Bradenton

$700,000

4 Beds
4 Baths
3,070 Sqft
.45 Acres
0 Garages

Live in your own gated mini-compound that pays for itself! With 3 buildings on this secluded river property, there is nothing else like it. Live in the main house and have the TWO INCOME PRODUCING units pay ALL your expenses or rent all 3 units and make an even greater return. Make this your home and enjoy mornings in the screened porch hanging over the Braden River with unspoiled views. Have friends sit by the natural stone fireplace as it warms the lodge-like living room while you prepare a gourmet meal in the open concept chef’s kitchen. Retire to the ground floor master-suite, made of original log and chink walls with a fireplace, lg walk-in closet, and spa-like bath incl. a claw foot bathtub. Stroll through the tropical grounds shaded by towering oaks or hop in your boat or kayak for a tour of the Braden River to Ward Lake. The income units include a renovated artist studio featuring private bath with shower and kitchen. The smaller comfy cottage also includes a full kitchen and bath facilities. These units have several years of proven/verified revenue, exceeding $32,000 in 2019, primarily from the Jan thru Apr. Extending your rental season provides higher income. The main home (significantly expanded in 2001), if rented, could provide $34,500-$37,500 in add'l revenue. Revenues could realistically exceed $72,000 annually. This property comes nearly turnkey fully furnished, and is adjacent to historic Linger Lodge, which would provide a good source of short-term renters. It's one of a kind

Essential Information
MLS® #A4462200
Price$700,000
Bedrooms4
Bathrooms4.00
Full Baths3
Half Baths1
Square Footage3,070
Acres0.45
Year Built2001
TypeResidential
Sub-TypeSingle Family Residence
StatusActive
Price Per Sqft$228
Community Information
Address8504 71st Avenue Dr E
SubdivisionAcreage & Unrec
CityBradenton
CountyManatee County
StateFL
Zip Code34202
Pet Restrictions YNN
Pets Allowed YNN
Minimum LeaseNo Minimum
Area

Bradenton/Lakewood Ranch/Lakewood Rch

Amenities
ParkingDriveway, Off Street
GaragesUnder Building Parking
ViewWater View
Is WaterfrontYes
WaterfrontRiver
Water AccessRiver
Water ExtrasDockWood
Water ViewRiver
Utilities

Cable Connected, Electricity Connected, Public

Interior
InteriorCeramic Tile
HeatingCentral
CoolingCentral Air
FireplaceYes
FireplacesWood Burning
StoriesTwo
Master Bed Size19x15
Interior Features

Master Bedroom Downstairs, Open Floorplan, Stone Counters, Vaulted Ceiling(s), Walk-In Closet(s)

Appliances

Dishwasher, Range, Range Hood, Refrigerator

Interior Layout

Master Bedroom Downstairs, Open Floorplan, Walk-In Closet(s)

Kitchen Features

Breakfast Bar, Closet Pantry, Island

Exterior
ExteriorSiding, Wood Frame, Other
Lot Description1/4 Acre to 21779 Sq. Ft.
RoofShingle
FoundationCrawlspace
Exterior Features

Outdoor Shower, Sliding Doors, Mature Landscaping, Patio/Porch Covered, Patio/Porch Screened

Room Dimensions
Bedroom 222x16
Great Room19x18
Kitchen15x18
Master Bedroom19x15
School Information
ElementaryBraden River Elementary
MiddleBraden River Middle
HighLakewood Ranch High
Additional Information
Days on Market146
ZoningA1/WPE/S
Normal SaleYes
Costs
Homestead YNYes
Taxes$4,422
Tax Year2019
Property History
Price Reduced from $725,000 to $700,000

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Listing data comes from My Florida Regional MLS DBA Stellar MLS.

Listing information last updated on August 11th, 2020 at 3:45am EDT.