420 KUMQUAT CT Sarasota, FL 34236 Active
UPDATED: 04/22/2026 07:56 PM ON MARKET: 15 days on market
$1,525,000
4 Beds3 Baths1,824 SqFt
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,824 sqft
Price per Sqft $836
Subdivision Rosemary District
MLS Listing ID A4689791
Bedrooms 4
Construction Status Completed
HOA Y/N No
Year Built 1981
Annual Tax Amount $7,860
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Triplex
Source Stellar MLS
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.
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