653 40TH STREET

Rarely available large corner lot in Indian Beach-Sapphire Shores is the best value in the neighborhood. Located two houses from Bay Shore Road and Sarasota Bay, with access to the bay via the Charles Hegener Memorial Nature Walk, this charming, vintage Florida property sits in a tranquil, coastal setting. Home has been in the same family for almost a century and is being sold As-Is and priced accordingly at lot value. If you are looking to build the new home of your dreams, plans are available. There is an existing home on this lot which consists of a main floor offering two bedrooms, one bath, family room, kitchen and screened front porch and a second-floor apartment with two bedrooms, one bath, living room, kitchen, sunbathing deck and its own private entrance. Located near New College, USF and the Ringling Museum, this property could also serve as a rental investment. Recent market data supports rent price of $1,300-$1,500/month for the second-floor apartment. Features include hardwood floors, antique doors and windows, Mexican tile, substantial attic storage space, one-car garage, cistern and a fenced yard. Multiple options: rental, remodel, or tear down and build your own new home. This property offers many opportunities for a savvy buyer.