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628 N ORANGE AVE

628 N ORANGE AVE, SARASOTA, FL 34236

$3,250,000
Under contract-accepting backup offers. Discover a unique and outstanding investment opportunity nestled in the heart of Sarasota's sought-after Gillespie Park neighborhood. This remarkable collection consists of three parcels featuring a charming main Florida bungalow home, a detached 1-bedroom apartment, plus two additional single-family homes, each with three bedrooms. Embrace the luxury of owning nearly 0.69 acres of prime real estate in a vibrant community. 30,000 square feet of land offers a mixture of Downtown Edge (DTE) and Downtown Neighborhood (DTN) zoning. DTE zoning allows for up to 25 units an acre, and DTN allows for up to 12 units an acre; however, the DTE portion qualifies for the
Density Bonus program, which qualifies for the development of up to 34 units and commercial space.

The centerpiece of this fascinating compound is the main bungalow house, a true gem that radiates warmth and comfort, perfectly complemented by a serene pebble tech swimming pool and an inviting paver patio, ideal for soaking up the Florida sun or hosting unforgettable gatherings. The carefully designed outdoor spaces promise endless hours of relaxation and enjoyment.

Adding to the allure, a cozy 1-bedroom apartment offers privacy and convenience with its separate parking and entrance, presenting a perfect opportunity for rental income or guest accommodation.

The two additional parcels, each featuring a 3-bedroom single-family home, offer a wealth of options for the discerning investor or homeowner. Live in the main residence and generate income by renting out the other structures, or explore the potential to develop new in this prime location.

Gillespie Park is well-known for its tranquil atmosphere, friendly community, and proximity to Downtown Sarasota's bustling array of shops, restaurants, arts, and entertainment options. This is a rare chance to own a piece of Sarasota's charm with the added flexibility and potential that these parcels offer.

7
beds

4
baths

3,396 Sq.Ft. LIVING AREA

0.69 Acres lot

Ryan  Miller

Ryan Miller

Features & Amenities

Interior

  • total bedrooms7
  • Total bathrooms4
  • Laundry room Laundry Room
  • other interior Features Built-in Features, Ceiling Fans(s), Other, Primary Bedroom Main Floor

Area & Lot

  • Status Pending
  • Living Area3,396 Sq.Ft.
  • Lot Area0.69 Acres
  • MLS® IDA4618354
  • TypeMulti-Family
  • YEAR BUILT1926
  • NeighborhoodSarasota

Exterior

  • water SourcePublic
  • utilitiesCable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Other, Public, Sewer Available, Sewer Connected, Water Available, Water Connected
  • PoolIn Ground
  • roofMetal, Shingle
  • HEAT TYPECentral, Electric
  • AIR CONDITIONINGCentral Air
  • sewerPublic Sewer
  • SubstructureBlock, Crawlspace, Other, Slab
  • other exterior FeaturesAwning(s), Courtyard, Fence, Lighting, Private Mailbox, Sidewalk

Financial

  • Sales Price$3,250,000
  • Real Estate Tax $5,167/yr
  • Zoning DTN
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Schedule a Showing

I would love to show you our beautiful property. Please select your preferred date and time below. I will be in touch shortly to confirm your appointment.

Thank you for your interest in 628 N ORANGE AVE, SARASOTA, FL 34236. We are reviewing your request and will be in touch shortly!

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Experience top-notch service, market expertise, and personalized guidance in your real estate journey. Whether you're buying, selling, or investing in Southwest FL properties properties, Ryan Miller is here to help you achieve your goals. . Take the stress out of your real estate transactions and partner with Ryan Miller for a smooth and successful experience.

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