Listing Details for MLS #A4624680 - 4495 Cocoanut Avenue, Sarasota, Fl 34234

Residential Property - Single Family Residence in Sarasota

Listing Price: $495,000Days on Market: 24

Description of Property

**THIS PROPERTY QUALIFIES FOR A 1.5% LENDER INCENTIVE IF USING PREFERRED LENDER. INQUIRE FOR MORE DETAILS.** Unlock the potential of this updated pool home, perfectly designed for multi-generational living or generating rental income. Located on a quiet, tree-lined dead-end street, this unique property stands strong, having weathered the recent storms without a scratch—making it an even more appealing choice for your next investment. With two separate living units—the main home and an attached mother-in-law (MIL) suite—each featuring its own entrance and outdoor area, this home offers the privacy and flexibility you need. However, the backyard spaces do connect by a gate, allowing the MIL suite to benefit from the use of the sparkling pool. Whether you’re looking for a family retreat or a lucrative investment, this home is ready to deliver. Step inside the main house to discover a spacious layout featuring two large bedrooms and two beautifully updated bathrooms. The primary suite opens directly onto the lanai, inviting you to take a refreshing dip in the sparkling pool. The heart of the home is the expansive kitchen, designed for both functionality and style. With generous counter space, abundant cabinetry, and stainless steel appliances, this kitchen is ideal for culinary enthusiasts and entertainers alike. Connected through the interior but with its own private entrance, the attached MIL suite provides a world of possibilities. Complete with a cozy living area, kitchenette, bedroom, and bathroom, this suite offers ultimate flexibility for visiting family, long-term guests, or even a short-term rental income. The private courtyard adds an extra touch of serenity, ensuring guests enjoy their own space while staying connected to the main home. Outside, the property continues to impress with an expansive paver driveway, offering plenty of parking for vehicles, a boat, or an RV—no HOA or deed restrictions to limit your lifestyle. The fully fenced backyard is a true private oasis, where the sparkling pool and spacious yard create the perfect setting for outdoor relaxation year-round. A spacious shed with electricity in the backyard adds even more functionality to this incredible space. This home has seen updates like a solar hot water heater and a durable metal roof, providing energy efficiency and lasting peace of mind. Conveniently located just minutes from SRQ International Airport, this property is particularly enticing for short-term rentals, attracting visitors looking for easy access to the beautiful attractions of Sarasota. Ideally situated near downtown Sarasota, UTC, and Ed Smith Stadium, this home places you at the heart of the action while maintaining a peaceful retreat. Plus, you’re centrally located to an array of the area's Gulf beaches. Whether you're seeking an exceptional living space or an investment with incredible potential, this property offers it all.The average asking price for a 3 bedroom/3 bath single family residence in this Zip code is $1,982,000. This single family residence is listed at about 25% of the average asking price. This is the only 3 bedroom/3 bath single family residence between $400,000 and $600,000 currently listed for sale in this Zip code.