Old Florida Charm on Beautiful Lemon Bay! Built in 1940, this quaint waterfront property offers a rare opportunity to own a piece of paradise in Englewood. Located directly on Lemon Bay and situated on an oversized lot, this unique property is zoned multifamily and offers plenty of possibilities. While Sarasota County records reflect the property as a 5-bedroom, 3-bathroom home, the current owners utilize the home as a 3-bedroom, 3-bathroom residence, with an additional fourth room that could serve as a bedroom, office, or flex space. The property also features an attached one-bedroom suite with its own kitchenette and bathroom. The suite includes a designated bedroom area without a closet, making it ideal for extended family, guests, an in-law arrangement, or whatever your dreams envision! The home features charming vintage character, warm wood flooring, a natural wood ceiling in the kitchen, ample cabinetry, stainless steel appliances, and abundant natural light. A large screened lanai overlooking the beautiful bayfront setting provides the perfect spot to relax, enjoy coastal breezes, and take in the waterfront views. The property also includes a garage and an additional storage shed for all your Florida lifestyle essentials. Previous storms damaged the boat dock, but the existing pilings remain in place, offering the opportunity to rebuild and enjoy the beautiful waters of Lemon Bay. The property will be sold with some furnishings, making it easy to settle in and start enjoying the waterfront lifestyle. Whether you're looking for a coastal getaway, a place for extended family, or an opportunity to create something truly special, the possibilities are endless. Enjoy boating, fishing, spectacular sunsets, and all that Englewood is known for, just minutes from Dearborn Street, local dining, shopping, and Gulf beaches. Direct Lemon Bay waterfront, Old Florida charm, multifamily zoning, and endless possibilities!