$1,199,000

About This Property

RARE 2.28-ACRE MULTI-RESIDENCE COMPOUND WITH LITTLE MANATEE RIVER FRONTAGE! Offered together, 701 and 713 Fish Lips Lane present an extraordinary opportunity to acquire two adjoining parcels containing three single family homes with five separate residences and a vacant .18-acre riverfront lot. Whether envisioned as a multigenerational family compound, investment portfolio, private retreat or combination of owner occupancy and rental income, this one-of-a-kind Ruskin property offers exceptional versatility. 701 Fish Lips Lane features a spacious 2007 single family home with approximately 2,932 square feet. The residence has been configured with a 3-bedroom, 2-bath main living area and an adjoining 1-bedroom, 1-bath in-law suite with private entrance, providing a total of 4 bedrooms and 3 bathrooms. The 0.56-acre parcel is fenced. This residence requires cosmetic improvements but it's a beautiful home with a newer roof and offers tremendous potential. 705 Fish Lips Lane features a two-story, 3-bedroom, 2-bath single-family home, 1,762 square feet of air-conditioned living space. The interior has been thoroughly renovated, and the home features a newer roof, newer A/C system and one-car carport. A screened balcony/deck overlooks the pond and the Little Manatee River, creating a peaceful setting for enjoying the property’s natural surroundings. The 713 parcel also includes a duplex containing a spacious 3-bedroom, 2-bath residence with approximately 2,716 total square feet of air-conditioned space and a 1 bedroom, 1 bath unit that needs updating. Both units are currently occupied with long-term tenants who’ve been given notice to vacate by 9/30/26 but would love to stay if the new owner would like a substantial rental income. A 900-square-foot detached covered structure for entertaining sits between the two homes overlooking the beautiful pond. It was screened prior to the storms in 2024. A vacant .18-acre riverfront parcel is another bonus. The parcel previously contained a substantial boathouse that was damaged by Hurricane Milton and subsequently demolished; electrical service reportedly remains. Potential exists for a replacement waterfront structure, subject to approval by Hillsborough County. Together, the two parcels offer five residences with multiple possibilities for extended family, rental income, workforce housing, a private estate or a strategic investment. Both parcels are zoned RSC-6. For private showings please provide proof of income or a pre-qualification letter.