420 Kumquat Court, Sarasota, FL 34236
- $1,525,000
- 4
- BD
- 3
- BA
- 1,824
- SqFt
- List Price
- $1,525,000
- Status
- Active
- Days on Market
- 105
- MLS#
- A4689791
- Property Style
- Triplex
- Year Built
- 1981
- Bedrooms
- 4
- Bathrooms
- 3
- Living Area
- 1,824
- Lot Size
- 5,900
- Acres
- 0.14
- Total Acreage
- 0 to less than 1/4
- Building Name
- Owen Burns
- Legal Subdivision Name
- Rosemary District
- Complex/Comm Name
- Owen Burns
- Community Name
- Owen Burns Sub
- MLS Area Major
- Sarasota
Property Description
Located in the dynamic Rosemary District, 420 Kumquat Court presents a compelling opportunity for investors and developers seeking position and flexibility in a downtown growth corridor. The property includes an existing triplex generating more than $5,000 per month in potential rental income, offering immediate cash flow while future development plans are evaluated. Zoned Downtown Edge (DTE), the site allows for residential, commercial or mixed-use development. The property is adjacent to Villa Ballada, a newly constructed five-story mixed use condominium featuring 24 residences, reinforcing the area’s continued investment and redevelopment momentum. An additional opportunity exists with the neighboring parcel to the south currently available. With a combined acquisition cost of $3,220,000, this option presents the potential for increased density, with the possibility to develop up to 24 residential units, subject to municipal approvals. The seller can also transfer plans for a seven-unit condominium project designed by award-winning Halflants + Pichette, providing a ready framework for development. Positioned within approximately six blocks of more than 60 restaurants, Sarasota Farmers Market, Sarasota Bayfront, Whole Foods Market and Sarasota’s arts and theater district, the location supports strong walkability and long-term demand. The Bay Park, a 53-acre waterfront park, is approximately four blocks away, with additional access to Payne Park and Legacy Trail. Connectivity is enhanced by the Bay Runner Trolley, offering service from downtown to St. Armands Circle and Lido Beach. This offering combines current income with future development potential in one of Sarasota’s most active urban districts.
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Additional Information
- Taxes
- $7860
- Minimum Lease
- 1 Month
- Annual Gross Income
- 55200
- Location
- Historic District, City Limits, Paved
- Community Features
- No Deed Restriction
- Property Description
- Three+ Story, Attached
- Zoning
- DTE
- Interior Layout
- Split Bedroom, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
- Interior Features
- Split Bedroom, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
- Floor
- Carpet, Laminate, Tile
- Appliances
- Dishwasher, Electric Water Heater, Freezer, Microwave, Range, Refrigerator
- Utilities
- Cable Available, Electricity Connected, Sewer Connected
- Heating
- Electric
- Air Conditioning
- Wall/Window Unit(s)
- Exterior Construction
- Stucco
- Exterior Features
- Lighting
- Roof
- Shingle
- Foundation
- Slab
- Pool
- No Pool
- Pool Type
- Screen Enclosure
- Garage Features
- Driveway, Ground Level, Open
- Elementary School
- Alta Vista Elementary
- Middle School
- Booker Middle
- High School
- Booker High
- Pets
- Allowed
- Max Pet Weight
- 101
- Pet Size
- Extra Large (101+ Lbs.)
- Flood Zone Code
- X
- Parcel ID
- 2026110096
- Legal Description
- E 62.5 FT OF LOT 3 & E 55.5 FT LOT 5 BLK 27 RESUB OF BLKS 23 & 27 OWEN BURNS
Listing courtesy of PREMIER SOTHEBY'S INTERNATIONAL REALTY. 941-364-4000
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