Residential Property - Single Family Residence in Sarasota
Listing Price: $745,000 (Mortgage Calculator →)
Description of Property
Discover a rare multifamily investment opportunity on the near north side of Sarasota, located in the heart of the highly sought-after Central Cocoanut Historic District. This unique offering includes two adjacent parcels, providing exceptional flexibility for investors, developers or someone interested in a large single-family home with room to expand. One parcel features a solid masonry three-bedroom, two-bathroom home complete with an in-law suite created from a garage conversion. The home is a split plan and two of the bedrooms are “en-suite”. All three bedrooms have exterior access. The kitchen is bright and updated and opens to the shared lanai and utility room. In addition to the “in law” suite there is an attached studio, offering creative or rental potential. The neighboring parcel is a vacant lot, also zoned for multifamily use—giving you the freedom to design and build to suit your vision. Together, the properties allow for up to five total units, making this an ideal opportunity to expand your rental portfolio or develop a custom income-producing property in a prime location. Situated in a vibrant, walkable neighborhood with bike lanes, you’ll enjoy easy access to downtown Sarasota, along with its renowned dining, shopping, arts, and cultural amenities. The Ringling College of Art and design is just a few blocks away and the adjacent North Trail Corridor is experiencing some of Sarasota’s most dynamic development. A short 10-minute drive over the Ringling bridge lands you in St. Armands Circle and the beaches of Lido and Longboat Key.
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Sarasota
County: Sarasota
Subdivision: Edgewater
Bedrooms: 3
Bathrooms: 2
Sq. Ft. Gross: 2,935
Sq. Ft. Living Area: 1,921
Cost per (heated) sqare foot: $388
Year built: 1947
Annual Tax: $5,774
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Appliances: Refrigerator
Fireplace: Yes
Fireplace Features: Living Room
Additional Rooms: Storage Rooms
Flooring: Ceramic Tile
Pool & Waterfront Info
Private Pool: Not specified
Exterior & Construction
Architectural Style: Ranch
Construction: Stucco
Foundation: Block
Roof: Shingle
Exterior Features: Storage
Parking Features: RV Parking
Floors Total: 1
Floors in Unit: One
Cooling: Wall/Window Unit(s)
Heating & Fuel: Electric
Patio & Porch Features: Screened
Sewer: Public Sewer
Water Source: Public
Lot Information
Lot Features: Sidewalk
Lot Size (acres): 0.16
Lot Size (sq. ft.): 13,500 square feet
Lot Dimensions: 100 x 135
Road Frontage: Street Paved
Front Exposure: North
Additional Parcels: Yes
Additional Parcels Description: 2024-13-0022
Legal Description & Other Information
Financing Available: Conventional
Parcel Number: 2024130021
Zoning: RMF4
Pets Allowed/Pet Policies: Yes
Tax Legal Desc.: LOT 5 BLK E EDGEWATER and LOT 6 BLK E EDGEWATER
Section: 18
Range: 18E
Listing courtesy of COLDWELL BANKER REALTY. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.