Description

Two homes, one property, endless possibilities - and NO HOA. Located in FLOOD ZONE X where flood insurance is not required, 370 E Fray St is the kind of opportunity that rarely hits the market in Englewood's highly loved Dearborn area.Designed for flexibility, this property lives like two separate homes connected by a shared lanai. The main residence features a comfortable 2-bedroom, 2-bath split floor plan with its own private entrance, while the attached studio suite offers a full kitchen, bathroom, and separate entrance of its own - ideal for multigenerational living, guests, seasonal visitors, or creating income without sacrificing privacy.And the best part? The income potential here is already proven. The front residence has earned 25+ five-star Airbnb reviews, while the studio suite has a successful history as a long-term rental. Whether you're looking for a primary home with supplemental income, an investment property, or a setup that allows family to stay close while maintaining independence, this property adapts to your lifestyle.Major updates provide peace of mind from day one, including new windows in 2024, a fully fenced yard added in 2024, newer A/C in 2023, and a roof replaced in 2020. Outside, the property continues to impress with shelled parking for boats, trailers, RVs, and multiple vehicles, storage sheds, a paved side walkway, and outdoor spaces designed for true Florida living.Prefer a traditional layout? The property can easily function as a 3-bedroom, 3-bath single-family home as well.Just minutes from Dearborn Street, local restaurants, shopping, farmers markets, and Gulf beaches, this is more than just a property - it's a rare chance to own a versatile piece of Englewood in one of the area's most charming locations.Schedule your private showing today and come experience why this one stands out from everything else on the market.