424 Albee Road West

Sold 12/21/23

Sold

Last Sold Price

$1,800,000

3,034 sqft$593/sqft

424 Albee Rd W, Nokomis, FL 34275

Multi FamilyProperty Type

1.33 acresLot Size

1945Year Built

$593/sq ftPrice per sq ft

1 carParking Spaces

Description

This property is a prime investment opportunity situated in the heart of Nokomis Beach, just six blocks from the pristine beaches of the affluent Casey Key. It currently offers immediate income through three unique and well-maintained apartments. The most exciting element here is the fact that the property is strategically positioned for luxury condominium development on its expansive 1.33-acre lot, currently zoned multi-family (RMF1). The Sarasota County building department has already approved...This property is a prime investment opportunity situated in the heart of Nokomis Beach, just six blocks from the pristine beaches of the affluent Casey Key. It currently offers immediate income through three unique and well-maintained apartments. The most exciting element here is the fact that the property is strategically positioned for luxury condominium development on its expansive 1.33-acre lot, currently zoned multi-family (RMF1). The Sarasota County building department has already approved preliminary plans for up to 16 condominiums on this site, highlighting its development potential. The main existing residence is of historical significance, believed to have been Dr. Albee's first residence in the area, and it exudes the classic charm of a 1940s "Old Florida" beach house. While updated with modern amenities, this residence now features two apartments, one on each level, plus a third apartment in a separate building. All three are ready for immediate income generation. These apartments are fully furnished, equipped with kitchens and essentials, and meticulously maintained. The property boasts lush grounds with a swimming pool, spa, soft tennis court (also suitable for pickleball), outdoor patios, and mature Florida landscaping. Nokomis Beach is a rapidly developing area, currently experiencing significant growth in Sarasota County. Nearby developments underscore the region's desirability, with preliminary approvals for retail and condominiums across the street and on adjacent properties. The three existing income-generating apartments provide an opportunity to offset carrying costs while working on further development plans, permitting, and infrastructure. Moreover, the property is already connected to County water, with County sewer available at the curb. The location is superb, just six blocks to Nokomis Beach, Tiki Bars, restaurants, and shopping, and offers easy access to various attractions such as North Jetty Park, Venice Jetty, Legacy Trail, The Island of Venice, medical facilities, UTC Mall, downtown Sarasota, St. Armand's Circle, and all area airports. Private air travel options are also accessible on The Island of Venice. The seller has consistently generated substantial monthly income through seasonal vacation rentals, with income information available upon request with a signed non-disclosure agreement. Developers and investors recognize this as a once-in-a-lifetime opportunity to develop property in this special part of Sarasota County. Viewings are strictly by appointment only, with unauthorized entry onto the property prohibited.

Listed by: Kelley Ann Ayers • AYERS AND ASSOCIATES REAL ESTATE
Listed by: Katheren Ayers • AYERS AND ASSOCIATES REAL ESTATE

Listing closed: 12/21/2023 12:00 AM • Source: MFRMLS, MLS#: N6128512

Recent comparable sales

Median sold price

$950,000

Avg days on market

200

Sale-to-list ratio

92.7%

1/2

$705,000

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Unavailable
Bedrooms: Unavailable
Bathrooms: 2,887
Square Feet: 0.69
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708 Shore Road, Unit C, Nokomis, FL 34275

1/2

$3,650,000

Sold 05/15/26

Unavailable
Bedrooms: Unavailable
Bathrooms: 2,990
Square Feet: 0.54
Acres

217 Casey Key Road, Nokomis, FL 34275

front view of a house with a yard and a garage

1/2

$330,000

Sold 02/14/25

Unavailable
Bedrooms: Unavailable
Bathrooms: 1,694
Square Feet: 0.21
Acres

605 King Street, Nokomis, FL 34275

1/2

$45,000

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Unavailable
Bedrooms: Unavailable
Bathrooms: 2,666
Square Feet: 0.60
Acres

100 Circuit Road, Unit N106, Nokomis, FL 34275

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Bedrooms: Unavailable
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Square Feet: 0.18
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240 Colonia Lane East, Nokomis, FL 34275

an aerial view of ocean and residential houses with outdoor space

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Bedrooms: Unavailable
Bathrooms: Unavailable
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Pocono Trail East, Nokomis, FL 34275

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Bedrooms: Unavailable
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1451 Bayshore Road, Nokomis, FL 34275

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Bedrooms: Unavailable
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Acres

1166 Kings Way Drive, Nokomis, FL 34275

1/2

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Bedrooms: Unavailable
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Acres

204 South Tamiami Trail, Nokomis, FL 34275

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Location

Listing Courtesy of AYERS AND ASSOCIATES REAL ESTATE, Kelley Ann Ayers; AYERS AND ASSOCIATES REAL ESTATE, Katheren Ayers

Sold By AYERS AND ASSOCIATES REAL ESTATE, Kelley Ann Ayers; AYERS AND ASSOCIATES REAL ESTATE, Katheren Ayers

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$9,808 per month

30 year fixed, 6.55% Interest

Principal and Interest

$9,149

Property Taxes

$659

HOA Dues

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Property Information for 424 Albee Road West

Property Details

Taxes: $7,908 / year
MLS Type: Residential Income / Triplex
County: Sarasota County
Subdivision Name: ACREAGE & UNREC
Township: 38
Garage Spaces: 1
View: Garden, Pool
Waterfront: No
Furnished: Furnished

Building Information

Residences: 4
Year Built: 1945
Lot Size: 1.33 AC / 57,953 SF

Summary

Location and General Information

Building Area Source: Public Records
Building Area Total: 5488.0

Building Area Units: Square Feet
Community Features: Fishing, Pool, Sidewalk, Tennis Courts, Water Access
Directions: from Tamiami Trail go west on Albee Rd- property is 3 blocks on right
Elementary School: Venice Elementary
Middle Or Junior School: Venice Area Middle
High School: Venice Senior High
Mls Major Change Type: Sold
Major Change Type: Closed
Listing Service: Full Service
Senior Community: No
SW Subdiv Community Name: Nokomis
Unit Number: No
Street Number: 424
Street Name: ALBEE
Street Suffix: ROAD
Street Direction Suffix: W
State: FL
City: NOKOMIS

Parking

Attached Garage: No
Available For Lease: Yes

Carport: No
Garage: Yes

Taxes and HOA Information

Association: No
CDD: No

Pet Restrictions: small dogs only
Pet Size: Small (16-35 Lbs.)
Tax Legal Description: BEG AT THE NE COR OF SE 1/4 OF SW 1/4 OF SEC 36-38-18 TH S ON THE E LINE OF SE 1/4 OF SW 1/4 897.5 FT TO THE N R/W LINE OF ALBEE RD TH N 88-28 W ALONG N R/W 653 FT TH N 880.5 FT TH
Tax Lot: 26
Tax Year: 2022

Virtual Tour

Virtual Tour URL Unbranded: https://www.propertypanorama.com/instaview/stellar/N6128512

Property

Lot Information

Additional Parcels: No
Future Land Use: Condos RMF

Lot Features: In County, Landscaped, Level/Flat, Near Marina, Near Public Transit, Oversized Lot, Private, Sidewalk, Street Paved
Lot Size Dimensions: 242X240
Parcel Number: 0171110034
Total Acreage: 1 to less than 2
Total Num Buildings: 3
Water Access: No
Water Extras: No
Zoning: RMF1
Living Area: 3034
Property Info: Elevated, Walk-Up
Lot Dimensions: 242X240

Property and Assessments

Year Built Numeric: 1945
Flood Zone Code: AE

Flood Zone Date: 11-04-2016
Flood Zone Panel: 12115C0239F
Homestead: No
New Construction: No
Number Of Lots: 1
Property Description: Elevated, Walk-Up
Public Survey Range: 18
Public Survey Section: 36

Utilities

Sewer: Septic Tank
Utilities: Cable Connected, Electricity Connected, Private, Public, Sewer Available, Sewer Nearby, Water Connected

Water Source: Public

Interior and Exterior Features

Exterior Features

Construction Materials: Block, Concrete, Stucco, Wood Frame
Exterior Features: Balcony, Courtyard, Garden, Lighting, Outdoor Grill, Private Mailbox, Storage, Tennis Court(s)

Foundation Details: Block, Crawlspace, Other
Levels: Two
Other Structures: Cabana, Guest House, Shed(s), Storage, Tennis Court(s)
Patio And Porch Features: Covered, Deck, Enclosed, Front Porch, Patio, Porch, Rear Porch, Screened, Side Porch
Pool Dimensions: 30X15
Pool Features: Gunite, In Ground, Screen Enclosure
Pool Private: Yes
Pool: Private, Community
Pool Private: Yes
Roof: Shingle
Security Features: Closed Circuit Camera(s)
Spa Features: In Ground
Spa: Yes
Waterfront Feet Total: 0

Interior Features

Bedrooms Total: 0
Additional Rooms: Bonus Room, Breakfast Room Separate, Den/Library/Office, Family Room, Florida Room, Formal Dining Room Separate, Garage Apartment, Great Room, Inside Utility, Interior In-Law Suite w/Private Entry

Cooling: Central Air
Fireplace: No
Flooring: Carpet, Ceramic Tile, Wood
Heating: Electric
Interior Features: Cathedral Ceiling(s), Ceiling Fans(s), Eating Space In Kitchen, Kitchen/Family Room Combo, L Dining, Living Room/Dining Room Combo, Primary Bedroom Main Floor, PrimaryBedroom Upstairs, Open Floorplan, Other, Solid Wood Cabinets, Vaulted Ceiling(s), Window Treatments
Laundry Features: Corridor Access, Inside, In Garage, Outside
Living Area Source: Public Records
Living Area Units: Square Feet
Water View: No
Window Features: Blinds, Shades, Window Treatments

Multi Family

Multi-Family Information

Annual Expenses: $15,000
Annual Net Income: $98,000.00

Est Annual Market Income: $98,000.00
Unit Count: 4

Unit 1

Unit Type Baths Total 1: 1
Unit Type Beds Total 1: 2

Unit Type Description 1: Main building 1st floor very large unit 1200 Sq Ft plus Florida room and porch
Unit Type Heated Sq Ft 1: 1600
Unit Type Type 1: 2 Bed/1 Bath

Unit 2

Unit Type Baths Total 2: 2
Unit Type Beds Total 2: 2

Unit Type Description 2: 2nd floor Main building 2 bedroom 2 bath also very large 1200+ sq ft plus large sun deck
Unit Type Heated Sq Ft 2: 1500
Unit Type Type 2: 2 Bed/2 Bath

Unit 3

Unit Type Baths Total 3: 1
Unit Type Beds Total 3: 1

Unit Type Description 3: Upstairs garage apartment- rencenlty updated 1000 sq ft full apartment
Unit Type Heated Sq Ft 3: 750
Unit Type Type 3: 1 Bed/1 Bath

Unit 4

Unit Type Baths Total 4: 1
Unit Type Beds Total 4: 1

Unit Type Description 4: Caretaker apt
Unit Type Heated Sq Ft 4: 600
Unit Type Type 4: Manager's Unit

Rental

Rental Information

Minimum Lease Period: 0
Pets Allowed: Dogs OK

Property History for 424 Albee Road West

Date	Event & Source	Price	Appreciation
Dec 21, 2023	Sold MFRMLS #N6128513	$1,800,000	—
Dec 21, 2023	Sold MFRMLS #N6128512	$1,800,000	—
Dec 20, 2023	Sold (Public Record) Public Record #1524064592	$1,521,800	—
Dec 20, 2023	Sold (Public Record) Public Record #1524064592	$1,521,800	+11.2% / yr
Dec 16, 2023	Pending MFRMLS #N6128513		—
Dec 16, 2023	Pending MFRMLS #N6128512		—
Sep 26, 2023	Listed (Active) MFRMLS #N6128513	$2,250,000	—
Sep 26, 2023	Listed (Active) MFRMLS #N6128512	$2,250,000	—
Jan 30, 2023	Expired MFRMLS #N6122378	$2,875,000	—
Jan 30, 2023	Expired MFRMLS #N6122501	$2,875,000	—
Jul 29, 2022	Listed (Active) MFRMLS #N6122378	$2,875,000	—
Jul 29, 2022	Listed (Active) MFRMLS #N6122501	$2,875,000	—
Jun 30, 2022	Sold MFRMLS #A4460166	$1,300,000	—
Jun 30, 2022	Sold MFRMLS #A4453711	$1,300,000	—
Jun 27, 2022	Sold (Public Record) Public Record #1493166627	$1,300,000	—
Jun 27, 2022	Sold (Public Record) Public Record #1493166627	$1,300,000	+4.9% / yr
Jul 21, 2020	Pending MFRMLS #A4460166		—
Jul 21, 2020	Pending MFRMLS #A4453711		—
Feb 16, 2020	Listed (Active) MFRMLS #A4460166	$1,495,000	—
Jan 7, 2020	Listed (Active) MFRMLS #A4453711	$1,495,000	—
Jan 2, 2017	Sold (Public Record) Public Record #586519474	$1,000,000	—

Date	Event & Source	Price
12/21/2023	Sold MFRMLS #N6128513	$1,800,000
12/21/2023	Sold MFRMLS #N6128512	$1,800,000
12/20/2023	Sold (Public Record) Public Record #1524064592	$1,521,800
12/20/2023	Sold (Public Record) Public Record #1524064592	$1,521,800 +11.2% / yr
12/16/2023	Pending MFRMLS #N6128513	—
12/16/2023	Pending MFRMLS #N6128512	—
09/26/2023	Listed (Active) MFRMLS #N6128513	$2,250,000
09/26/2023	Listed (Active) MFRMLS #N6128512	$2,250,000
01/30/2023	Expired MFRMLS #N6122378	$2,875,000
01/30/2023	Expired MFRMLS #N6122501	$2,875,000
07/29/2022	Listed (Active) MFRMLS #N6122378	$2,875,000
07/29/2022	Listed (Active) MFRMLS #N6122501	$2,875,000
06/30/2022	Sold MFRMLS #A4460166	$1,300,000
06/30/2022	Sold MFRMLS #A4453711	$1,300,000
06/27/2022	Sold (Public Record) Public Record #1493166627	$1,300,000
06/27/2022	Sold (Public Record) Public Record #1493166627	$1,300,000 +4.9% / yr
07/21/2020	Pending MFRMLS #A4460166	—
07/21/2020	Pending MFRMLS #A4453711	—
02/16/2020	Listed (Active) MFRMLS #A4460166	$1,495,000
01/07/2020	Listed (Active) MFRMLS #A4453711	$1,495,000
01/02/2017	Sold (Public Record) Public Record #586519474	$1,000,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 424 Albee Road West

Taxable ValueLand$327,800Additions$345,900Total$673,700

Tax Record2025$7,730 ($644 / month)

Home Facts

Baths3Total Finished SqFt1,651 SqFtAbove Grade Finished SqFt1,651 SqFtStories2Lot Size57,953 SqFtStyleMulti-Family Dwelling (2-4)Year Built1945Year Renovated1990ZoningRMF1CountySARASOTAAPN0171-11-0034Fireplace TypeHas Fireplace

Schools near 424 Albee Road West

This home is within Sarasota.


Rating	School	Type	Grades	Distance
8/10	Laurel Nokomis School	Public - Serves this home	PK to 8	2.1 mi
7/10	Venice Senior High School	Public - Serves this home	9 to 12	2.5 mi
6/10	Island Village Montessori School	Charter - Choice school	K to 8	2.6 mi
9/10	Student Leadership Academy	Charter - Choice school	6 to 8	3.2 mi
10/10	Pine View School	Public - Choice school	2 to 12	4.4 mi
4/10	Sky Academy Venice	Charter - Choice school	6 to 8	4.8 mi
NR	European Academy Of Early Education	Private - Nearby school	PK to 1	0.2 mi


Rating	School	Distance
8/10	Laurel Nokomis School PublicPK to 8 Serves this home	2.1 mi
7/10	Venice Senior High School Public9 to 12 Serves this home	2.5 mi
6/10	Island Village Montessori School CharterK to 8 Choice school	2.6 mi
9/10	Student Leadership Academy Charter6 to 8 Choice school	3.2 mi
10/10	Pine View School Public2 to 12 Choice school	4.4 mi
4/10	Sky Academy Venice Charter6 to 8 Choice school	4.8 mi
NR	European Academy Of Early Education PrivatePK to 1 Nearby school	0.2 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 424 Albee Road West, Nokomis, FL 34275	$1,800,000	–	–	3,034	57,953
406 Albee Road West, Unit 3, Nokomis, FL 34275	–	2	1	660	–
406 Albee Road West, Unit 5, Nokomis, FL 34275	–	1	1	442	–
406 Albee Road West, Unit 6, Nokomis, FL 34275	–	1	1	442	–
406 Albee Road West, Unit 1, Nokomis, FL 34275	–	2	1	660	–
406 Albee Road West, Unit 2, Nokomis, FL 34275	–	Studio	1	532	–
406 Albee Road West, Unit 7, Nokomis, FL 34275	–	1	1	442	–
406 Albee Road West, Unit 4, Nokomis, FL 34275	–	1	1	442	–
406 Albee Road West, Unit 8, Nokomis, FL 34275	–	2	2	870	24,043
186 Sunaire Terrace, Nokomis, FL 34275	$238,000	2	1	1,247	10,647
107 Sunaire Terrace, Nokomis, FL 34275	–	–	2	1,780	8,915
404 Albee Road West, Nokomis, FL 34275	–	–	2	2,464	12,076
190 Sunaire Terrace, Nokomis, FL 34275	$280,000	3	2	1,838	10,319
109 Sunaire Terrace, Nokomis, FL 34275	–	–	2	1,380	8,968
182 Sunaire Terrace, Nokomis, FL 34275	–	2	2	1,457	12,724
194 Sunaire Terrace, Nokomis, FL 34275	$180,000	3	2	1,564	10,024

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of AYERS AND ASSOCIATES REAL ESTATE, Kelley Ann Ayers; AYERS AND ASSOCIATES REAL ESTATE, Katheren Ayers

The information is being provided in part by Southwest Florida Multiple Listing Service, Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2, and MarcoMls. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 Southwest Florida Multiple Listing Service and MarcoMls. All Rights Reserved. The data relating to real estate for sale displayed on this website comes in part from the Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2 and MarcoMls. Properties listed with brokerage firms other than Compass are marked with the "BR House" logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Naples MLS BR Program, or contained in the database compilation of Naples MLS.

Nokomis, FL

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