Jane Filosa, Realtor
Jane Filosa, Realtor, Fine PropertiesPhone: (401) 524-1601
Email: [email protected]

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listing
1 of 100
Residential Income
$1,500,000
521 & 520 Drury Lane
Punta Gorda, FL 33950
Listed by: Re/max Palm Realty, (941) 468-1417
MLS: Stellar MLS
4,794Sq Ft
Est. Mortgage
$7,843/mo

WELCOME TO CABANA JOE’S the best kept secret in all of Punta Gorda. Providing guests daily and short term stays, this incredible estate is truly one of a kind. Spanning over 1.7 acres, Cabana Joe’s offers three separate buildings with room to expand the already diverse property. Designed with resort style amenities, features and atmosphere, this exceptionally established income producing property combines for a total of 10 rental units with 9 individually named cabanas and an RV. In addition to each cabana (one & two bedroom units) having their own kitchenette, bathroom, laundry space, living area and theme, many have their own private decks with hot tubs. Guests are fully submerged into the Florida vacation lifestyle with countless conveniences including a massive heated pool with waterfall, grotto style spa, volleyball court, margarita bar, tropical wooded breezeways, picnic pavilion, gym, video library, firepit, parklike common areas, three community hot tubs, cookout station, hammock section, arcade games, full pool bathroom, koi pond, free bikes/kayaks rentals and vibrant color schemes incorporated throughout. Each cabana has its own unique style with all the luxuries needed for guests to comfortably enjoy their stay, featuring flatscreen TV’s, free WiFi, appliances, cookware, furnishings and linens. Completely remodeled from 2015-2016, Cabana Joe’s is 100% turnkey encompassing everything needed including the 4.8 star Google rating to continue orchestrating this thriving business. Since conception net income has continued to climb year in and year out (approximately 52% from 2019-2020 and 42% from 2020-2021) with continued repeat customers. In 2021 utilizing Airbnb, VRBO and call-in bookings the gross revenue exceeded $180,000 with minimal expenses due to newer energy efficient units, onsite staff and minimized operating costs. Extensive opportunities are available to expand into additional rental facilities, storage space or income producing ventures utilizing the connected acre of cleared land zoned OMI with ability to be subdivided. Centrally located across from the famous Fat Point Brewery, Cabana Joe’s is 1.2 miles off of the interstate and 1.5 miles from downtown Punta Gorda offering fine dining, nightlife, Harbor views, walking trails and shopping. Punta Gorda airport is less than 3 miles from the property providing convenience and extremely affordable travel arrangements. Informational packet containing surveys, elevation certificates, P&L's, Airbnb bookings, VRBO bookings and rental proforma is available upon request.

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Listing provided by Re/max Palm Realty
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