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Emerald Oaks 4520 S Biscayne Dr 28 Unit Apartment Building $15,097,391 CAD ($539,193 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 teates, ensuring investors enjoy impressive rental yields
- 8 acres limited access complex featuring two entry points
- Emerald Oaks sets a new standard for luxury living, attracting tenants seeking an unparalleled lifestyle experience in Sarasota County
- Emerald Oaks is positioned for strong long-term capital appreciation, providing investors with the potential for substantial returns on their initial
EXECUTIVE SUMMARY
This remarkable 8-acre, limited-access property includes 28 upscale apartment/condo units across seven fully enclosed buildings. Each building is equipped with hurricane-rated windows and doors (130 mph wind resistance) and features new metal roofs installed in December 2022, backed by a 10-year installation warranty and a 25-year metal alliance warranty.
All units are currently tenant-occupied, making this an income-producing asset from day one. The property also offers significant expansion potential, with infrastructure and underground utilities already in place for 13 additional lots approved for the development of up to 78 more condo units (see attached site plan). Plus, there are no HOA or CDD fees, adding even more value to this exceptional investment opportunity.
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.
All units are currently tenant-occupied, making this an income-producing asset from day one. The property also offers significant expansion potential, with infrastructure and underground utilities already in place for 13 additional lots approved for the development of up to 78 more condo units (see attached site plan). Plus, there are no HOA or CDD fees, adding even more value to this exceptional investment opportunity.
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 | $15,097,391 CAD | Building Class | B |
| Price Per Unit | $539,193 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 | Mid-Rise | ||
| Zoning | RMF - North Port's Newest Luxury Condominium Homes in SARASOTA COUNTY | ||
| Price | $15,097,391 CAD |
| Price Per Unit | $539,193 CAD |
| Sale Type | Investment |
| Cap Rate | 7.30% |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| 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 | - | 1,425 |
PROPERTY TAXES
| Parcel Number | 0996-00-2904 | Improvements Assessment | $6,746,342 CAD |
| Land Assessment | $1,564,687 CAD | Total Assessment | $8,311,029 CAD |
PROPERTY TAXES
Parcel Number
0996-00-2904
Land Assessment
$1,564,687 CAD
Improvements Assessment
$6,746,342 CAD
Total Assessment
$8,311,029 CAD
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Emerald Oaks | 4520 S Biscayne Dr
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