6936 BOCHI CIRCLE, Sarasota, FL 34242 - For Sale

Commercial - SARASOTA, FL Coronas Park is a brand new walled and gated, maintenance free community of single family homes currently under development on magnificent Siesta Key. Just a short stroll from the fun, carefree Siesta Village and famed Siesta Beach. Coronas Park boasts elegant, well-proportioned homes with a British Colonial style perfect for the tropical setting. These residences have been designed with features and quality that reflect this extraordinary location. There are currently four 4,000SF (MOL) homes that have been completed and a fifth home currently under development, with an expected completion date in mid-2015. There are ad additional 9 lots ready and awaiting to be built upon with all infrastructure in place and fully entitled. Many of the homes have views with glimpses of the Gulf of Mexico! This community reflects the"New Urbanism" that provides owners with community, privacy and security. Unbelievable value at this per square foot new and brand new construction on Siesta Key... you simply cannot find a better opportunity. Current rental income for 2014 is $300K (gross) with a proforma 2015 rental income of $450K. Individual home values are estimated at $1.3MM - $1.5MM each, leaving the available lot prices for development well within solid development parameters.