Active

$475,000

Features:
  • 4 Bedrooms
  • 4 Bathrooms
  • 2000 sq ft
Overview
  • ID: MFRA4665520
  • Bedrooms: 4
  • Bathrooms: 4
  • Size: 2000 sq ft
Property Details
Remarks
Welcome to 7413 Starfish, a 2,000 sq ft duplex in one of Sarasota’s most desirable coastal communities. This rare investment opportunity features two separate units, each offering 2 bedrooms, 1 full bathroom, and a private half bath in the primary suite—the perfect layout for future tenants or multi-generational living. While the property requires a full renovation, its location and layout present incredible potential. Whether you’re seeking long-term rental income, a vacation rental investment, or a chance to renovate and resell, this duplex offers a blank canvas for your vision. Residents of the neighborhood enjoy an optional HOA membership at just $250 per year, which grants access to a private waterfront park and for an additional $150 per year, you can use the private boat ramp with direct access into Sarasota Bay. Imagine launching your boat, kayak, or paddleboard just steps from home, or enjoying stunning sunsets from the private park after a day on the water. This combination of location, amenities, and income potential makes 7413 Starfish a rare find in today’s market. With easy access to Sarasota’s world-famous beaches, vibrant downtown, shopping, dining, and cultural attractions, the property is perfectly positioned for those looking to invest in Florida’s Gulf Coast lifestyle. Bring your creativity, contractor, and vision—this is your opportunity to turn a diamond in the rough into a true Sarasota gem! Income projections after updates are based on achieving $1,800 month per unit which totals $43,200 annual net income before expenses.
Financial Considerations
Price:
$475,000
HOA Fee:
250
Tax Amount:
$4350.14
Price per SqFt:
$237.5
Tax Legal Description:
LOT 2 BLK B CORAL COVE UNIT 1
Exterior Features
Lot Size:
15000
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
4
Bathrooms:
4
Heating:
Electric
Cooling:
Central Air
Appliances:
Range, Refrigerator
Furnished:
No
Floor:
N/A
Levels:
One
Additional Features
Property Sub Type:
Duplex
Style:
N/A
Year Built:
1955
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
Yes
Special Condition:
None
Additional Features:
Fence, Lighting, Sliding Doors
Additional Features 2:
Check with Sarasota County Lease rules.
Map
  • Address
    7413 STARFISH DR
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