Listing Details for MLS #A4491365
127 S Pineapple Avenue, Sarasota Fl 34236, Sarasota, Fl

Residential Property - Single Family Residence in Sarasota

SOLD for $1,800,000 on May 20, 2021

Listing Price: $1,875,000Sold Price: $1,800,000Sold Price/List Price: 96%Days on Market: 65

Description of Property

A rare opportunity to own one of Sarasota's most unique properties in an unparalleled location in the heart of downtown. This historic building with a mix of both retail and residential space promises a wealth of flexibility for new companies looking for exceptional downtown foot traffic with the option to live or rent the two single-bedroom units on the second floor. Built in 1920, the architecture reflects the charm of Sarasota’s golden age with clay tile and stucco accents and walls of windows that let in abundant natural light. Two stories with 10' ceilings on the first floor and approximately 1,162 square feet per floor, you’ll enjoy exposure to Pineapple and Lemon Avenues and neighboring MARK Sarasota; with the benefit of a private courtyard to use for outdoor seating. The downstairs is finished in a red Mexican fired clay tile with a large showroom area facing Pineapple Avenue. This room is separated from an open area which can be closed off by French Pecky Cypress doors. A separate conference room area, featuring exposed clay tile walls and door for privacy is included in the downstairs space along with a restroom. The previous tenant wired for CAT5 communication system throughout the first floor. The second floor offers a private entry accessible from the sidewalk on Pineapple Avenue. At the top of the stairs, two one-bedroom, one-bath apartments are available to rent. Reimagine the space for corporate offices or open up the entire level for a charming two-bedroom home with wood floors, bright living and striking city views. Likely the last of nostalgic Sarasota, the rare opportunity won’t last long. Tenant occupied in both apartments. Appointments only on Sundays 2-4 PM.The average asking price for a 2 bedroom/2 bath single family residence in this Zip code is $1,441,525. This single family residence is listed at about 130% of the average asking price. This is the only 2 bedroom/2 bath single family residence between $1,600,000 and $2,200,000 currently listed for sale in this Zip code.