$960,000
$949,000
1.2%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
2 Baths
1,916 SqFt
SOLD DATE : 02/04/2022
Key Details
Sold Price $960,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,916 sqft
Price per Sqft $501
Subdivision Valencia Terrace Rev
MLS Listing ID A4503601
Sold Date 02/04/22
Bedrooms 3
Full Baths 2
Construction Status Inspections
HOA Y/N No
Year Built 1956
Annual Tax Amount $1,734
Lot Size 0.280 Acres
Acres 0.28
Lot Dimensions 120x103
Property Description
Rare opportunity! Live, build or develop in downtown Sarasota! Located across from the Bayfront and just blocks from the heart of downtown, this prime property is part of the North Trail zoning district with optional North Trail overlay. The 12,360-square-foot double lot can accommodate 9 units/4 floors. This commercial zone is in a fast-growing urban neighborhood and allows for a wide range of uses, including—but not limited to— multi-family, mixed-use, retail, restaurant, hotel and office. Additional adjacent parcels may be available, offering a rare opportunity to develop alongside other exciting new projects. Subsidize expenses with rental income as your new development is planned. The property currently features a 1,916-square-foot main residence, a separate building with bedroom and full bath, washer/dryer (currently rented), and a spacious garage. The main home is in excellent, move-in condition, featuring 3 beds/2 baths, separate dining and den, original wood flooring, a wood-burning fireplace, crown molding, arched entrances, and storm windows. Both buildings have newer roofs; the updated outbuilding has a new bathroom, plumbing and HVAC system and could be used as an art studio, office, or income property. This very special property is also just across the street from scenic Whitaker Park, with its walking trails snaking alongside the picture-perfect Sarasota Bay, picnic pavilions, a new playground, and a fishing pier. It's also a few blocks from the Bay Park Conservancy, 53 acres of city-owned land along Sarasota Bay that will establish a cultural and economic legacy for the region.
Location
State FL
County Sarasota
Community Valencia Terrace Rev
Zoning NT
Interior
Interior Features Other
Heating Central
Cooling Central Air
Flooring Other
Fireplace true
Appliance Other
Exterior
Exterior Feature Other
Garage Spaces 2.0
Utilities Available Public
Roof Type Shingle
Attached Garage false
Garage true
Private Pool No
Building
Lot Description City Limits, Oversized Lot
Entry Level One
Foundation Stem Wall
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Stucco
New Construction false
Construction Status Inspections
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash
Membership Fee Required None
Listing Terms Cash
Special Listing Condition None
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