Sarasota's Premier Homes

420 KUMQUAT COURT

SARASOTA, FL 34236

MLS#: A4689791

$1,525,000

Status: Active
Listing number: A4689791
Listing provided by: PREMIER SOTHEBY'S INTERNATIONAL REALTY
Listing agent phone: None
Last update: 4 months ago
On site: 4 months ago
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ROSEMARY DISTRICT - Residential Income

Property

Beds

4

Full Baths

None

1/2 Baths

None

Year Built

1981

Sq.Footage

1,824

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.

Features & Amenities

Interior

  • Other Interior Features

    Vaulted Ceiling(s), Walk-In Closet(s)

  • Total Bedrooms

    4

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Wall/Window Unit(s)

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Electric

  • Pet friendly

    Cats OK, Dogs OK

Exterior

  • Garage

    No

  • Construction Materials

    Stucco

  • Other Exterior Features

    Lighting

  • Parking

    Driveway, Open

  • Patio and Porch Features

    Covered, Front Porch, Porch

  • Pool

    Yes

  • Pool Features

    Screen Enclosure

  • Waterfront YN

    NO

  • View

    Trees/Woods

Area & Lot

  • Lot Features

    Paved

  • Lot Size(acres)

    0.14

  • Lot Size(square feet)

    5,900

  • Property Type

    Residential Income

  • Property Sub Type

    Triplex

Price

  • Sales Price

    $1,525,000

  • Tax Amount

    $7,860

  • Sq. Footage

    1,824

  • Price/SqFt

    $836

HOA

  • Association

    No

School District

  • Elementary School

    Alta Vista Elementary

  • Middle School

    Booker Middle

  • High School

    Booker High

Property Features

  • New Construction

    NO

  • Foundation Details

    Slab

  • Ownership

    Fee Simple

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    3

  • Water Source

    Public

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Location

County

Sarasota

Elementary School

Alta Vista Elementary

Middle School

Booker Middle

High School

Booker High

Listing Courtesy of Frank Lambert , PREMIER SOTHEBY'S INTERNATIONAL REALTY

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Agent Michael Graf

Business Coach | Executive Sales Associate | Realtor®

Michael Graf

Call Michael today to schedule a private showing.

(941) 315-6980

michael@thegrafgroupvip.com


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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.

420 KUMQUAT COURT

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