Listing Details for MLS #A4655606 - 2866 E Rainbow Circle, Sarasota, Fl 34231

Residential Property - Single Family Residence in Sarasota

Listing Price: $649,000Days on Market: 12

Description of Property

**Spacious Serenity in the Heart of Sarasota!** Welcome to this enchanting .49-ACRE property where the possibilities are limitless! Choose between cultivating an active URBAN FARM or basking in a tranquil PRIVATE OASIS, all nestled at the peaceful END OF A DEAD-END STRET in FLOOD ZONE X. This exceptional 4-bedroom, 3-bath property features a main house with an attached 2-car garage and an INCOME-PRODUCING GUEST HOUSE, offering you the chance to create the lifestyle you've always desired on an OVERSIZED LOT! In a PRIME LOCATION that is within 10 MINUTES drive to CONVENIENCE STORES, GROCERY STORES, SHOPPING & world-famous SIESTA KEY beach. This lovely main home is highlighted by a NEW 2024 ROOF and a freshly PAINTED EXTERIOR. Step inside to find a thoughtfully designed OPEN FLOOR PLAN that centers around an inviting EAT-IN KITCHEN with gorgeous QUARTZ COUNTERTOPS and NEW SMART SAMSUNG APPLIANCES—yes, you can control them from an app on your phone, and they all come with warranties! The exhaust fan is new and TOUCHLESS. The kitchen flows into a spacious LIVING ROOM, perfect for lounging, and a GREAT ROOM with WOOD BURNING FIREPLACE with both spaces providing access to a lovely screened-in porch through pocketing sliding doors. The PRIMARY bedroom offers a private retreat with pocketing sliders leading to the screened-in porch, a newly tiled EN-SUITE BATH with standing shower, and a spacious WALK-IN CLOSET. The second and third bedrooms are generously sized, with one featuring a walk-in closet and the other boasting its own private exterior entrance. You'll love the functional LAUNDRY ROOM that comes complete with a washer and dryer, plus ample built-in storage for all your organizational needs. aThe VERESATILE 2-CAR GARAGE has a door leading to the main yard and an exterior window. The DETACHED GUEST HOUSE, which serves as a fabulous fourth bedroom and third bathroom with a HISTORY OF RENTING FOR $1400/MONTH, allowing you to generate income from the comfort of home. It features a spacious covered patio that could serve as a carport and is equipped with a wardrobe, portable washing machine, full-size refrigerator, kitchenette, and an oversized bathroom with a standing shower, all filled with natural light. Nature lovers will rejoice as this property, previously an urban farm, thrives with NATIVE PLANTS GROWN WITHOUT PESTICIDES and boasts MATURE LANDSCAPING, including magnificent OAK TREES. Currently flourishing with vegetables, fruits, and a hive of 250,000 BESS that produce 42 pounds of HONEY annually, this property truly embodies the spirit of SUSTAINABLE LIVING! Whether you’re eager to cultivate your own urban farm, produce income, or enhance with more fencing for added PRIVACY, this incredibly large lot in a central location offers UNMATCHED FLEXIBILITY AND SERENITY IN THE HEART OF SARASOTA. With AMPLE ROOM TO ADD A POOL, outdoor kitchen, or even park your BOAT, RV, or other TOYS, this is your chance to own a slice of paradise in a NON-HOA COMMUNITY that fits all your needs. Don’t miss out—your urban retreat awaits!The average asking price for a 4 bedroom/3 bath single family residence in this Zip code is $1,822,565. This single family residence is listed at about 36% of the average asking price. There are 4 4 bedroom/3 bath homes between $450,000 and $750,000 currently listed for sale in this Zip code. See other listings like this one »