About 420 Kumquat Court
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.
Features of 420 Kumquat Court
| MLS® # | A4689791 |
|---|---|
| Price | $1,525,000 |
| Bedrooms | 4 |
| Bathrooms | 3.00 |
| Square Footage | 1,824 |
| Acres | 0.14 |
| Year Built | 1981 |
| Type | Residential Income |
| Sub-Type | Triplex |
| Status | Active |
Listing Details
| Office | PREMIER SOTHEBY'S INTERNATIONAL REALTY |
|---|
Listing Map
Neighborhood Information for 420 Kumquat Court
Very Rapid Population Growth, Moderate Residential Turnover, Coastal Area
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Sarasota Military Academy Public - 9Th Grade to 12Th Grade |
0 Miles | |
|
Sarasota School Of Arts/Sciences Public - 6Th Grade to 8Th Grade |
0 Miles | |
|
Westcoast School For Human Development Private - Kindergarten to 12Th Grade - Closest Elementry School |
1 Miles | |
|
|
Children First Public - Preschool to Preschool |
1 Miles | |
|
|
Agape Christian School Of Sarasota Private - Kindergarten to 12Th Grade |
1 Miles | |
|
|
Sarasota High School Public - 9Th Grade to 12Th Grade - Closest High School |
1 Miles | |
|
|
Alta Vista Elementary School Public - Kindergarten to 5Th Grade |
2 Miles |
School data provided by GreatSchools