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Emerald Oaks Of NORTHPORT Luxury Condominium 4520 S Biscayne Dr 28 Unit Apartment Building $15,355,120 CAD ($548,397 CAD/Unit) 7.30% Cap Rate North Port, FL 34287
INVESTMENT HIGHLIGHTS
- Situated in an affluent neighborhood renowned for its exclusivity and high property value, Emerald Oaks offers investors a prestigious address
- With its premium features and desirable location, Emerald Oaks commands competitive rental rates, ensuring investors enjoy impressive rental yields
- 8 acres limited access complex with two entries
- Emerald Oaks sets a new standard for luxury living, attracting tenants seeking an unparalleled lifestyle experience in SARASOTA COUNTY
- Emerald Oaks are poised for significant capital appreciation over the long term, offering investors substantial returns on their initial investment.
- LARGE COMMUNITY SWIMMING POOL/3BEDROOM/2 BATH UNITS/Single CarOver-Sized garage/PUBLIC WATER/PUBLIC SEWER/Tankless water heater in all units
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
| Price | $15,355,120 CAD | Building Class | B |
| Price Per Unit | $548,397 CAD | Lot Size | 7.78 AC |
| Sale Type | Investment | Building Size | 39,900 SF |
| Cap Rate | 7.30% | Average Occupancy | 100% |
| No. Units | 28 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2008 |
| Property Subtype | Apartment | Parking Ratio | 1.98/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | RMF - North Port's Newest Luxury Condominium Homes in SARASOTA COUNTY | ||
| Price | $15,355,120 CAD |
| Price Per Unit | $548,397 CAD |
| Sale Type | Investment |
| Cap Rate | 7.30% |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 7.78 AC |
| Building Size | 39,900 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2008 |
| Parking Ratio | 1.98/1,000 SF |
| Zoning | RMF - North Port's Newest Luxury Condominium Homes in SARASOTA COUNTY |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Security System
- Ceiling Fans
- Tile Floors
- Crown Molding
- Eat-in Kitchen
- Granite Countertops
- Vaulted Ceiling
- Refrigerator
- Sprinkler System
- Range
- Tub/Shower
- Carpet
- Dining Room
- Patio
- Porch
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Business Center
- Clubhouse
- Pool
- Property Manager on Site
- Security System
- Wheelchair Accessible
- Trash Pickup - Curbside
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 28 | $3,350 CAD | 1,852 |
PROPERTY TAXES
| Parcel Number | 0996-00-2904 | Improvements Assessment | $6,784,231 CAD |
| Land Assessment | $1,573,475 CAD | Total Assessment | $8,357,706 CAD |
PROPERTY TAXES
Parcel Number
0996-00-2904
Land Assessment
$1,573,475 CAD
Improvements Assessment
$6,784,231 CAD
Total Assessment
$8,357,706 CAD
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Emerald Oaks Of NORTHPORT Luxury Condominium | 4520 S Biscayne Dr
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