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Discover a unique and outstanding investment opportunity nestled in the heart of Sarasota's sought-after Gillespie Park neighborhood. This remarkable collection consists of three parcels featuring a charming main Florida bungalow home, a detached 1-bedroom apartment, plus two additional single-family homes, each with three bedrooms. Embrace the luxury of owning nearly 0.69 acres of prime real estate in a vibrant community. 30,000 square feet of land offers a mixture of Downtown Edge (DTE) and Downtown Neighborhood (DTN) zoning. DTE zoning allows for up to 25 units an acre, and DTN allows for up to 12 units an acre; however, the DTE portion qualifies for the Density Bonus program, which qualifies for the development of up to 34 units and commercial space. The centerpiece of this fascinating compound is the main bungalow house, a true gem that radiates warmth and comfort, perfectly complemented by a serene pebble tech swimming pool and an inviting paver patio, ideal for soaking up the Florida sun or hosting unforgettable gatherings. The carefully designed outdoor spaces promise endless hours of relaxation and enjoyment. Adding to the allure, a cozy 1-bedroom apartment offers privacy and convenience with its separate parking and entrance, presenting a perfect opportunity for rental income or guest accommodation. The two additional parcels, each featuring a 3-bedroom single-family home, offer a wealth of options for the discerning investor or homeowner. Live in the main residence and generate income by renting out the other structures, or explore the potential to develop new in this prime location. Gillespie Park is well-known for its tranquil atmosphere, friendly community, and proximity to Downtown Sarasota's bustling array of shops, restaurants, arts, and entertainment options. This is a rare chance to own a piece of Sarasota's charm with the added flexibility and potential that these parcels offer.
| DAYS ON MARKET | 173 | LAST UPDATED | 1/3/2025 |
|---|---|---|---|
| TRACT | HALLS SUB JAMES S | YEAR BUILT | 1926 |
| COMMUNITY | 34236 - Sarasota | COUNTY | Sarasota |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| PRICE HISTORY | |
| Prior to Jan 3, '25 | $3,250,000 |
|---|---|
| Jan 3, '25 - Today | $2,950,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 34236 - Sarasota |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Block, Other, Stucco, Wood Siding |
| EXTERIOR | Awning(s), Courtyard, Lighting |
| HEAT | Central, Electric |
| INTERIOR | Built-in Features, Other |
| LOT | 0.69 acre(s) |
| LOT DIMENSIONS | 100x129 |
| POOL | Yes |
| POOL DESCRIPTION | In Ground, Private |
| SEWER | Public Sewer |
| SUBDIVISION | HALLS SUB JAMES S |
| TAXES | 5167.23 |
| UTILITIES | Natural Gas Available, Cable Available, Electricity Available, Electricity Connected, Natural Gas Connected, Other, Sewer Available, Sewer Connected, Water Available, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Ryan Miller, HARRY ROBBINS ASSOC INC, 941-924-8346
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 1/15/25 5:07 AM PST.
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