$3,250,000 for Sale
628 n orange avenue , sarasota, FL 34236
| Beds 7 | Baths 4 | 3,396 Sqft | 0.69 Acres |
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Property Description
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.
General Information
Sale Price: $3,250,000
Price/SqFt: $957
Status: Active
MLS#: A4618354
City: sarasota
Post Office: sarasota
County: Sarasota
Subdivision: halls sub james s
Acres: 0.69
Lot Dimensions: 100 x 129
Bedrooms:7
Bathrooms:4
House Size: 3,396 sq.ft.
Acreage: 0.69 est.
Year Built: 1926
Property Type: Quadruplex
Style:
Features & Room Sizes
Paved Road: Paved
Garage: No
Construction: Block, Other, Stucco, Wood Siding
Exterior Misc: Awning(s), Courtyard, Fenced, Lighting, Private Mailbox, Sidewalk
Pool: Yes
Pool Description: In Ground
Basement: No
Foundation : Block, Crawlspace, Other, Slab
Cooling: Central Air
Heating: Central, Electric
Waste: Public Sewer
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $5,167
Legal Description: LOTS 6 & 8 & WLY 16.39 FT OF LOT 10, BLK D, HALL SUB, BEING SAME LANDS AS DESC IN ORI 2000030175 & ORI 2022041001 LOT 1 BLK D HALL SUB LOT 2 BLK D HALL SUB
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2024
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Ryan Miller of HARRY ROBBINS ASSOC INC, Phone: 941-924-8346
