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Under contract-accepting backup offers. 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 development The centerpiece of this fascinating compound is the main bungalow house, a true gem that radiates warmth and comfort, perfectly complemented by a serene 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 properties, or explore the potential to build anew 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 | 44 | LAST UPDATED | 8/27/2024 |
|---|---|---|---|
| TRACT | HALLS SUB JAMES S | YEAR BUILT | 0 |
| COMMUNITY | 34236 - Sarasota | COUNTY | Sarasota |
| STATUS | Pending | PROPERTY TYPE(S) | Lot/Land/Acreage |
| PRICE HISTORY | |
| Prior to Jul 27, '24 | $3,200,000 |
|---|---|
| Jul 27, '24 - Today | $3,250,000 |
| ADDITIONAL DETAILS | |
| AREA | 34236 - Sarasota |
|---|---|
| LOT | 0.69 acre(s) |
| LOT DIMENSIONS | 64x117 |
| SEWER | Public Sewer |
| SUBDIVISION | HALLS SUB JAMES S |
| TAXES | 5633.06 |
| UTILITIES | Cable Available, Cable Connected, Electricity Available |
| WATER | Public |
| ZONING | DTE |
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 9/7/24 8:48 PM PDT.
This IDX solution is (c) Diverse Solutions 2024.
