Active
628 N ORANGE AVE
SARASOTA FL, 34236
$3,250,000
$957.01 per sqft
Active
7 Beds
4 Baths
3,396 sqft
Multi-family
Built in 1926
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.
A4618354
MLSⓇ ID
July 26, 2024
Listed
October 23, 2024
Updated
Map
628 N ORANGE AVE
SARASOTA FL, 34236
Interior Features
Bedrooms
7
Total Bathrooms
4
Interior Features
Built-in Features, Ceiling Fans(s), Other, Primary Bedroom Main Floor
Laundry Description
Laundry Room
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central, Electric
Exterior/Building Features
Lot Size
0.69 Acres
Exterior Features
Awning(s), Courtyard, Fence, Lighting, Private Mailbox, Sidewalk
Roof
Metal, Shingle
Sewer
Public Sewer
Other Property Details
Area Name
34236 - Sarasota
Taxes
$5,167
Tax Frequency
Annually
Days on Market
32
Association Fee Frequency
Monthly
Garage
No
View
No
County
Sarasota
Municipality
36S
Water Source
Public
Pool
Yes
Pool Features
In Ground
Zoning
DTN
Listing History
Date | Event | Price |
---|---|---|
10/23/2024 | Active | — |
8/27/2024 | Pending | — |
Listed by HARRY ROBBINS ASSOC INC
Listing Contact: 941-924-8346
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Data last updated 10/23/2024, 1:39 PM UTC