Additional Details

• Important Details: --> Vacant at close --> 5750 SQFT lot --> Flood Zone X (No flood insurance required) --> 2019 Roof --> 2017 AC
• Features: Sarasota Investment Opportunity! This 3 bedroom home features, 1,040 of living sqft and sits on a 5,750 sqft lot in the highly desirable neighborhood of Indian Beach/Sapphire Shores. Being offered vacant at close, with a 2019 roof, 2017 AC, and located in Flood Zone X (no flood insurance required). No HOA, close to the bay and museums. Lowest priced home in the neighborhood is $375K! Don’t miss this value play!
• Potential ARV: $380,000-$400,000
• Rehab Description: To maximize resale value, a complete interior renovation is advised. On the outside the roof was replaced in 2019 and the AC unit in 2017. The primary focus should be cosmetic updates to the kitchen, bathrooms, flooring, and trim/fixtures, as these improvements typically yield the highest return. Additionally, a deep interior cleaning, fresh interior and exterior paint, exterior power washing, and upgraded landscaping will significantly boost curb appeal and overall marketability.
• Ideal Investment Strategy: Resale/Rental
• Construction: FR
• Comp 1: 809 40TH ST, SARASOTA, FL 34234 2/1 1050 SQFT 1956 Build PENDING @ $375,000 (10 days on the market) (Dated)
• Comp 2: 729 41ST ST, SARASOTA, FL 34234 2/1 1307 SQFT 1964 Build PENDING @ $379,900 (Investor special/full rehab needed)
• Comp 3: 4704 WINCHESTER DR, SARASOTA, FL 34234 2/1 1226 SQFT 1950 Build SOLD @ $494,000 07/04/25 (Updated)
• Comp 4: 5221 STEVENS DR, SARASOTA, FL 34234 2/2 1369 SQFT 1954 Build SOLD @ $665,000 04/29/25 (Bigger/some updates)
• Comp 5: 836 32ND ST, SARASOTA, FL 34234 2/2 931 SQFT 1971 Build SOLD @ $400,000 04/17/25 (Smaller/clean with some updates)
• Comp 6: 996 VIRGINIA DR, SARASOTA, FL 34234 2/1 1260 SQFT 1975 Build SOLD @ $375,000 03/28/25 (Investor special/full rehab needed)
• Hard Money: Pre-Approved by OPS Loans for up to 75% LTV – See OPS Loans Tab