420 Kumquat Court, Sarasota, FL 34236
Local realty services provided by:ERA ONETEAM REALTY
420 Kumquat Court,Sarasota, FL 34236
$1,525,000
- 4 Beds
- 3 Baths
- 1,824 sq. ft.
- Multi-family
- Active
Listed by: frank lambert, anita lambert
Office: premier sotheby's international realty
MLS#:A4689791
Source:MFRMLS
Price summary
- Price:$1,525,000
- Price per sq. ft.:$690.67
About this home
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....
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Home facts
- Year built:1981
- Listing ID #:A4689791
- Added:1 day(s) ago
- Updated:April 14, 2026 at 11:33 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Flooring:Carpet, Laminate, Tile
- Kitchen Description:Dishwasher, Freezer, Microwave, Range, Refrigerator
- Bedroom Description:Split Bedroom, Walk-In Closet(s)
- Living area:1,824 sq. ft.
Heating and cooling
- Cooling:Wall/Window Unit(s)
- Heating:Electric
Structure and exterior
- Roof:Shingle
- Year built:1981
- Building area:1,824 sq. ft.
- Lot area:0.14 Acres
- Lot Features:Paved
- Construction Materials:Stucco
- Exterior Features:Covered Porch/Patio, Front Porch, Lighting, Porch
- Foundation Description:Slab
- Levels:Three Or More Story
Schools
- High school:Booker High
- Middle school:Booker Middle
- Elementary school:Alta Vista Elementary
Utilities
- Water:Public
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$1,525,000
- Price per sq. ft.:$690.67
- Tax amount:$7,860 (2025)
Features and amenities
- Appliances:Dishwasher, Electric Water Heater, Freezer, Microwave, Range, Refrigerator
- Amenities:Cable Available, Split Bedroom, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
- Pool features:Public Pool, Screen Enclosure
Parking
- Parking description:Driveway, Ground Level, Open
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