About 716 Groveland Avenue
Incredible Investment Opportunity, Over $60,000 In Rental Income In 2024. This unique property consists of a beautiful, Turnkey furnished main house and a 795 square foot guest house that is used for additional income. Over $70,000 in improvements have been made since 2022. The main house has 3 bedrooms, 4 bathrooms, a heated pool and spa, has been repiped in 2022, brand new hot water heater, a custom remodeled master bathroom, and freshly painted interior and wood beam rewraps. Currently being used as a seasonal rental with over a 70 percent occupancy rate. The guest house has a brand new roof, brand new A/C system, and 2 full bedrooms and bathrooms. just installed this year. Currently rented with a yearly lease with a $1,600 monthly rate, the lease does have a 60 day cancellation policy if the new owner doesn’t want to keep the tenant. Situated on an oversized lot, over a third of an acre, fully fenced in and located just minutes to Venice Island. The location cannot be more perfect. No HOA, No CDD. Rental history and income information is available upon request. Property is rented for the 2025 season and leases must be honored, great rental income right from the start. Call today for any additional information or to schedule your private showing.
Features of 716 Groveland Avenue
| MLS® # | N6135798 |
|---|---|
| Price | $641,500 |
| Bedrooms | 5 |
| Bathrooms | 6.00 |
| Full Baths | 6 |
| Square Footage | 2,495 |
| Acres | 0.34 |
| Year Built | 1925 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Florida |
| Status | Sold |
| Property Taxes | 7,714.00 |
| Minimum Lease | No Minimum |
Community Information
| Address | 716 Groveland Avenue |
|---|---|
| Area | Venice |
| Subdivision | VENICE EDGEWOOD SEC OF |
| City | VENICE |
| County | Sarasota |
| State | FL |
| Zip Code | 34285-4713 |
Amenities
| Parking | Driveway, On Street, Oversized, Parking Pad, RV Parking |
|---|---|
| Is Waterfront | No |
| Has Pool | Yes |
Interior
| Interior Features | Ceiling Fan(s), High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Solid Wood Cabinets, Split Bedroom, Stone Counters, Vaulted Ceiling(s), Walk-In Closet(s) |
|---|---|
| Appliances | Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer |
| Heating | Central, Electric |
| Cooling | Central Air, Mini-Split Unit(s) |
| Fireplace | Yes |
| # of Stories | 1 |
Exterior
| Exterior Features | Dog Run, Sidewalk, Storage |
|---|---|
| Lot Description | City Lot, Oversized Lot |
| Roof | Metal |
| Foundation | Crawlspace |
School Information
| Elementary | Garden Elementary |
|---|---|
| Middle | Student Leadership Academy |
| High | Venice Senior High |
Additional Information
| Date Listed | December 7th, 2024 |
|---|---|
| Days on Market | 289 |
| Zoning | RSF3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | WILLIAM RAVEIS REAL ESTATE |
|---|