10
Map
$2,516,000
↓ $184K (6.8%)
●
House -
For Sale
1569 7TH STREET
SARASOTA, FL 34236
2 Beds
1 Bath
860 Ft²
$12,778
Est. Monthly
1.07%
Cap Rate
About This Property
SARASOTA ~ CITY OF SARASOTA ~ ROSEMARY DISTRICT ~ DOWNTOWN LIVING
AND / OR INVESTMENT, WITH UPSIDE DEVELOPMENT OPPORTUNITIES! - WE
ARE SELLING 4 CONTIGUOUS PROPERTIES WITH FOUR RENTAL HOMES ON AN
ESTIMATED 23K SF +/- LAND!!!! Come and explore this unique
opportunity to own and operate four contiguous properties with
homes within the much sought after City of Sarasota "Rosemary
District". The current rent roll is estimated at $100K +/-, all the
current homes (4) are rented on an annual basis. The zoning does
allow for short term weekly rentals, come and set up your own short
term rental compound with estimated average daily rates @ $50.00 -
$100.00 +/. Want another reason to look, owner will consider "owner
financing" and/or selling off less then all four homes. There are
just not many opportunities in the City of Sarasota to secure
rezoned lands with the ability to use the current as-is property to
secure carry income while waiting for the right timing to develop.
The upside development in the Rosemary Zoning District: up to
7-stories with up to 30+ units. Property is very easy to show, sign
is on site! NOTE: another contiguous parcel - rental home available
for discussion.
Unit Size
860 Ft²
Days on Market
759 days
Land Size
0.13 acres
Price per sqft
$2,926
Property Type
House
Property Taxes
$423
HOA Dues
-
Year Built
1925
Listed By
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (Stellar MLS #A4625551)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 9, 2026 | Price Decreased |
$2,516,000
↓ $184K
(6.8%) | |
| Price Decreased | |||
| Dec 11, 2025 | Price Decreased |
$2,700,000
↓ $399K
(12.9%) | |
| Price Decreased | |||
| Oct 1, 2024 | Listed by RE/MAX ALLIANCE GROUP | $3,099,000 | |
| Listed by RE/MAX ALLIANCE GROUP | |||
| Aug 4, 2021 | Sold | ||
| Sold | |||
| May 28, 2021 | Listed by RE/MAX ALLIANCE GROUP | $499,000 | |
| Listed by RE/MAX ALLIANCE GROUP | |||
Property Highlights
Parking Available
Air Conditioning
Fireplace
With View
Parking Details
Has Open Parking
Parking Features: Deeded, Driveway, Golf Cart Garage, Guest, On Street, Other, Oversized, RV Access/Parking, Tandem, Curb Parking, Ground Level, Reserved
Interior Details
Full Bathrooms: 1
Interior Features: Cathedral Ceiling(s), Ceiling Fan(s), High Ceilings, Open Floorplan, Other, Eating Space In Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Solid Surface Counters, Split Bedroom, Thermostat, Window Treatments
Appliances: Cooktop, Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Other, Range, Range Hood, Refrigerator, Washer
Flooring Type: Other, Vinyl, Hardwood
Door Features: French Doors
Laundry Features: Other
Rooms: 3
Has Fireplace
Fireplace Features: Family Room, Living Room, Masonry
Basement: Crawl Space, Other
Exterior Details
Has Property Attached
Square Footage: 860
Square Footage Source: $0
Security Features: Smoke Detector(s)
Property Condition: Completed
Architectural Style: Bungalow, Other, Ranch, Elevated, Florida
Year Built: 1925
Waterbody Name: SARASOTA BAYFRONT
Building Area Total: 1068
Levels: One
Other Structures: Other
Building Area Units: Square Feet
Window Features: Blinds, Wood Frames
Construction Materials: Block, Brick, Other, Wood Siding, Wood Siding
Patio and Porch Features: Covered, Front Porch, Other, Porch, Rear Porch, Screened
Lot Features: Cul-De-Sac, Greenbelt, City Lot, Landscaped, Level, Near Golf Course, Near Public Transit, Private, Oversized Lot, Sidewalk
Lot Size Area: 5806
Lot Size Units: Square Feet
Lot Size Acres: 0.13
Lot Size Square Feet: 5806
Lot Size Dimensions: 150 x 157.03
Tax Lot: 5
Water Source: None
Financial Details
Tax Annual Amount: $5,080
Lease Considered: Yes
Utilities Details
Cooling Type: Central Air, Other, Zoned
Heating Type: Electric, Heat Pump, Other
Sewer : Public Sewer, Other
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Rosemary District
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Robert T Anderson
RE/MAX ALLIANCE GROUP
Last Updated: 4 months ago
Data Source: Stellar MLS, MLS# A4625551
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
RE/MAX ALLIANCE GROUP
Last Updated: 4 months ago
Data Source: Stellar MLS, MLS# A4625551
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017