- 2 beds
- 1 bath
- 1,091 sqft
1569 7th StreetSarasota, FL, 34236
- Price per sqft
- $2,926
- Days on market
- 747
- Listed
- Oct 5, 2024
- Last reduction
- −$184,000
- Jul 8, 2026
About this property
SARASOTA ~ CITY OF SARASOTA ~ ROSEMARY DISTRICT ~ DOWNTOWN LIVING AND / OR INVESTMENT, WITH UPSIDE DEVELOPMENT OPPORTUNITIES! - WE ARE SELLING 4 CONTIGUOUS PROPERTIES WITH FOUR RENTAL HOMES ON AN ESTIMATED 23K SF +/- LAND!!!! Come and explore this unique opportunity to own and operate four contiguous properties with homes within the much sought after City of Sarasota "Rosemary District". The current rent roll is estimated at $100K +/-, all the current homes (4) are rented on an annual basis. The zoning does allow for short term weekly rentals, come and set up your own short term rental compound with estimated average daily rates @ $50.00 - $100.00 +/. Want another reason to look, owner will consider "owner financing" and/or selling off less then all four homes. There are just not many opportunities in the City of Sarasota to secure rezoned lands with the ability to use the current as-is property to secure carry income while waiting for the right timing to develop. The upside development in the Rosemary Zoning District: up to 7-stories with up to 30+ units. Property is very easy to show, sign is on site! NOTE: another contiguous parcel - rental home available for discussion.
Top Villas Intelligence
Projected rental revenue and ownership costs
Property details
- Property type
- Single Family Residence
- Street address
- 1569 7th Street
- City
- Sarasota
- State
- FL
- ZIP code
- 34236
- Year built
- 1925
- New construction
- No
- Attached property
- Yes
- Faces
- South
- Rooms
- 3
- Building stories
- 1
- Living area
- 860 sqft
- Total building area
- 1,068 sqft
- Architectural style
- Other, Bungalow, Ranch
- Levels
- One
Price & sale history
Asking price reduced by $583,000 (18.8%) since first listed.
| Date | Event | Price | Change from previous recorded asking price |
|---|---|---|---|
| Price reducedMLS #A4625551 | $2,516,000Change: −18.8%−$583,000 | −18.8%−$583,000 | |
| Listed for saleMLS #A4625551 | $3,099,000 | Not applicable |
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