Residential Property - Single Family Residence in Sarasota
Listing Price: $550,000
Description of Property
Discover a fantastic investment opportunity with this beautifully renovated property, perfectly located on an 11,000 sq ft lot. This unique setup includes two separate, income-generating residences: a spacious main house with three bedrooms and two bathrooms, and a cozy detached apartment with two bedrooms and one bathroom. Both properties were fully updated in 2024, including new electrical, plumbing, AC, roof, kitchens, bathrooms, and impact windows and doors, making this truly turnkey—move-in or rent-ready from day one. With current appraisals placing its value at $625,000, this property comes with approximately $100,000 in equity, offering an excellent return for the next owner. Rental potential is high, with similar properties in the area fetching around $4,500 monthly for both units combined. For even more earning potential, consider turning it into a short-term rental or Airbnb. The location adds significant appeal: two blocks from the Baltimore Orioles Stadium, five minutes from downtown Sarasota, and within easy reach of top beaches—Lido Key is 10 minutes away, while Siesta Key, one of the nation’s best, is just a 20-minute drive. Plus, Sarasota-Bradenton Airport and the UTC Shopping Mall are both under 10 minutes away, making this an ideal spot for residents or vacationers. Whether you want to live in one unit and rent the other, or lease both, this property is ready to be a valuable addition to your investment portfolio.
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Sarasota
County: Sarasota
Subdivision: Leisure Lakes
Bedrooms: 5
Bathrooms: 3
Sq. Ft. Gross: 1,900
Sq. Ft. Living Area: 1,900
Cost per (heated) sqare foot: $289
Year built: 1956
Annual Tax: $2,817
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Appliances:
- Dishwasher
- Disposal
- Electric Water Heater
- Microwave
- Range
- Refrigerator
Accessibility Features:
Fireplace: Yes
Fireplace Features:
Window Features:
Additional Rooms:
Ceiling Type:
Flooring: Luxury Vinyl
Pool & Waterfront Info
Private Pool: Not specified
Pool Features:
Spa Features:
Water Frontage:
Water Access: Not specified
Water Access Type:
Water View:
Exterior & Construction
Architectural Style:
Construction: Block, Stucco
Foundation: Slab
Roof: Shingle
Exterior Features: Other
Parking Features:
Floors Total: 1
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Central
Electric:
Patio & Porch Features:
Security Features:
Other Structures:
View:
Fencing:
Utilities:
- Cable Available
- Electricity Connected
- Public
Sewer: Septic Tank
Water Source: Public
Community Features:
Association Amenities:
Lot Information
Lot Features:
Lot Size (acres): 0.25
Lot Size (sq. ft.): 11,011 square feet
Lot Dimensions: 77 x 143
Front Exposure: North
Adjoining Property:
Current Adjacent Use:
Legal Description & Other Information
Financing Available: Cash, Conventional, FHA, Other
Parcel Number: 0042130052
Zoning: RSF3
Tax Legal Desc.: LOT 20 LEISURE LAKES UNIT 1
Disclosures: Lead Paint
Section: 16
Range: 18E
Listing courtesy of SELLING USA, LLC. 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.
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