420 KUMQUAT COURT

Multi-family For Sale

$1,525,000

BTC: 23.82812500

ETH: 873.42497136

51 days

For Sale

Multi-family

4 bds •

1,824 sqft

Overview

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.

Location

Florida • SARASOTA • 34236 • Multi-family • For Sale

Details

Type:

Residential Income

Parking:

Driveway / Ground Level / Open

Year Built:

1981

Lot:

0.14 Acres

Heating:

Electric

Price/sqft:

$836

Cooling:

Wall/Window Unit(s)

HOA:

No Data

Type:

Residential Income

Parking:

Driveway / Ground Level / Open

Year Built:

1981

Lot:

0.14 Acres

Heating:

Electric

Price/sqft:

$836

Cooling:

Wall/Window Unit(s)

HOA:

No Data

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.

Valuation

Our model vs. what's actually selling nearby.

Estimate

$1,322,500

$281K – $1.8M

Confidence Low

List vs. estimate

$202K above estimate

List $1,525,000 · +15.3%

Our model says this listing is priced above recent comparable activity. Room to negotiate.

Price per sq ft

$836

+109.2% vs. city median $399

Based on

10 MLS comparables

Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax

$7,860

2025

Pool

Screen Enclosure

View

Trees/Woods

Pets

Allowed

All facts and features

Flooring

• Carpet

• Laminate

• Tile

Heating

• Electric

Cooling

• Wall/Window Unit(s)

Appliances

• Dishwasher

• Electric Water Heater

• Freezer

• Microwave

• Range

• Refrigerator

Other interior features

• Split Bedroom

• Vaulted Ceiling(s)

• Walk-In Closet(s)

• Window Treatments

Bedrooms and bathrooms

• Bedrooms: 4
Parking

• Driveway

• Ground Level

• Open

Property

• Levels: Three Or More

• Exterior Features: Lighting

Lot

• Lot: 0.14 Acres

Other Property Information

• Parcel Number: 2026110096

• Zoning: DTE
Type and style

• Property Type: Residential Income

• Property Sub Type: Triplex
Utility

• Cable Available

• Electricity Connected

• Sewer Connected
Other financial information

• Annual tax amount: $7,860
Source details

• MLS ID: A4689791

Other facts

• Construction Materials: Stucco

• Foundation Details: Slab

• Laundry Features: Outside

• Lot Features: Historic District / City Lot

• Patio And Porch Features: Covered / Front Porch / Porch

• Pool Features: Screen Enclosure

• Window Features: Blinds / Window Treatments

• Other Structures: Shed(s)

• Living Area: 1824

• Water Source: Public

• Subdivision Name: ROSEMARY DISTRICT

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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Live counts in the same area.

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: PREMIER SOTHEBY'S INTERNATIONAL REALTY

420 KUMQUAT COURT

Overview

Location

Details

Valuation

Highlights

Interior details

Property details

Construction details

Utilities / Green Energy Details

HOA and Financial Details

Other

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