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306 S ELM AVENUE

House For Sale
$349,000

BTC: 5.43190661

ETH: 183.42934029

22 days
3 bds
2 ba
1,257 sqft

Overview

RARE investment opportunity in the heart of Sanford! This MULTI-FAMILY PROPERTY offers highly sought-after SC-3 zoning, a designation that rarely comes to market. SC-3 (Special Commercial-3) implements the Comprehensive Plan's "Waterfront Downtown Business District" designation, allowing for a unique mixed-use and general commercial zoning classification. Originally built in 1910, this well-maintained property sits on a fully fenced 0.13-acre lot. The main residence features 2 bedrooms and 1 bathroom, accessed through a welcoming screened front porch. Tucked behind the privacy fence is an ADDITIONAL 1-bedroom, 1-bathroom living space with its own screened porch and private entrance, offering excellent flexibility for rental income, multi-generational living, or a live/work opportunity. Ideally located just a short walk from vibrant Downtown Sanford, the property offers convenient access to local restaurants, boutique shopping, the scenic Lake Monroe waterfront, and the popular Paw Park. Enjoy the charm of Sanford's historic district while being close to breweries, entertainment, parks, community events, and everyday conveniences. Whether you're looking to generate rental income, establish a business, explore redevelopment opportunities, or own a unique property in one of Central Florida's fastest-growing areas, this property's zoning and location offer exceptional potential. This property was under contract previously however, NO earnest money was ever deposited and NO inspections ever took place! Thus, seller will ONLY consider written offers where the buyer has personally viewed the property. Schedule your private showing today!

Location

Details

Type:
Residential
Parking:
No Data
Year Built:
1910
Lot:
0.13 Acres
Heating:
Wall Units / Window Unit
Price/sqft:
$278
Cooling:
Wall/Window Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$339,000
$284K – $349K
Confidence Medium
List vs. estimate
$10K above estimate
List $349,000 · +2.9%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$277
+21.4% vs. city median $228
Based on
7 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$2,539
2025
Pets
Allowed
All facts and features
  • Flooring

    • Luxury Vinyl

    Heating

    • Wall Units / Window Unit

    Cooling

    • Wall/Window Unit(s)

    Appliances

    • Electric Water Heater

    • Range

    • Refrigerator

    Other interior features

    • Ceiling Fan(s)

    • Stone Counters

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 2

  • Property

    • Levels: One

    • Exterior Features: Awning(s) / Private Entrance / Private Mailbox / Private Yard / Rain Gutters / Sidewalk

    Lot

    • Lot: 0.13 Acres

    Other Property Information

    • Parcel Number: 2519305AG05070020

    • Zoning: SC3

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • BB/HS Internet Available

    • Cable Available

    • Electricity Connected

    • Fiber Optics

    • Sewer Connected

    • Street Lights

    • Water Connected

  • Other financial information

    • Annual tax amount: $2,539

  • Source details

    • MLS ID: O6423664

    Other facts

    • Construction Materials: Wood Siding

    • Foundation Details: Crawlspace

    • Laundry Features: None

    • Patio And Porch Features: Front Porch / Rear Porch / Screened

    • Direction Faces: East

    • Living Area: 1257

    • Water Source: Public

    • Subdivision Name: SANFORD TOWN OF

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: PRATT REALTY INC