420 KUMQUAT COURT at

420 KUMQUAT COURT

For sale Days on market 9

$1,525,000

$836/sq ft

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Overview

Bedroom

Year Built

1981

Sqft

1824

Property Type

Triplex

Property Description

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.

Property Details

MLS#

A4689791

Address

420 KUMQUAT

City

Sarasota

State/county

Zip/Postal Code

34236

Area

Rosemary District

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$7,860

Maint Fee

$--

Tax Year

2025

Dishwasher

Electric Water Heater

Freezer

Microwave

Range

Refrigerator

Trees/Woods

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