Residential Property - Single Family Residence in Sarasota
Listing Price: $475,000 (Mortgage Calculator →)
Description of Property
Welcome to 7413 Starfish, a 2,000 sq ft duplex in one of Sarasota’s most desirable coastal communities. This rare investment opportunity features two separate units, each offering 2 bedrooms, 1 full bathroom, and a private half bath in the primary suite—the perfect layout for future tenants or multi-generational living. While the property requires a full renovation, its location and layout present incredible potential. Whether you’re seeking long-term rental income, a vacation rental investment, or a chance to renovate and resell, this duplex offers a blank canvas for your vision. Residents of the neighborhood enjoy an optional HOA membership at just $250 per year, which grants access to a private waterfront park and for an additional $150 per year, you can use the private boat ramp with direct access into Sarasota Bay. Imagine launching your boat, kayak, or paddleboard just steps from home, or enjoying stunning sunsets from the private park after a day on the water. This combination of location, amenities, and income potential makes 7413 Starfish a rare find in today’s market. With easy access to Sarasota’s world-famous beaches, vibrant downtown, shopping, dining, and cultural attractions, the property is perfectly positioned for those looking to invest in Florida’s Gulf Coast lifestyle. Bring your creativity, contractor, and vision—this is your opportunity to turn a diamond in the rough into a true Sarasota gem! Income projections after updates are based on achieving $1,800 month per unit which totals $43,200 annual net income before expenses.
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Sarasota
County: Sarasota
Subdivision: Coral Cove
Bedrooms: 4
Bathrooms: 2
Half Baths: 2
Sq. Ft. Gross: 2,965
Sq. Ft. Living Area: 2,000
Cost per (heated) sqare foot: $238
Year built: 1955
Annual Tax: $4,350
HOA Fee: $200 Annually
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Appliances: Other
Additional Rooms: Inside Utility
Flooring: Terrazzo
Schools
Elementary School: Gulf Gate Elementary
Middle/Junior High School: Brookside Middle
High School: Riverview High
Pool & Waterfront Info
Private Pool: Not specified
Water Frontage: Waterfront
Water Access: Yes
Water Access Type: Beach - Access Deeded
Exterior & Construction
Architectural Style: Ranch
Construction: Block
Foundation: Slab
Roof: Shingle
Exterior Features: Sliding Doors
Carport: Yes
Carport Spaces: 2
Parking Features: Driveway
Floors Total: 1
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Electric
Electric:
Patio & Porch Features: Screened
Security Features:
Other Structures:
View:
Fencing:
Sewer: Septic Tank
Water Source: Public
Community Features: Waterfront
Lot Information
Lot Size (acres): 0.34
Lot Size (sq. ft.): 15,000 square feet
Lot Dimensions: 100 x 150
Front Exposure: West
Legal Description & Other Information
Financing Available: Special Funding
Parcel Number: 0112040014
Zoning: RSF2
Pets Allowed/Pet Policies: Yes
Tax Legal Desc.: LOT 2 BLK B CORAL COVE UNIT 1
Section: 21
Range: 18E
Listing courtesy of MICHAEL SAUNDERS & COMPANY. 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.