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1335 40th Street, SARASOTA, FL 34234
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1335 40th Street
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Would you like to sell your home before you purchase this one?
Priced at Only: $949,000
For more Information Call:
Address: 1335 40th Street, SARASOTA, FL 34234
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  • MLS#: A4688091 ( Residential )
  • Street Address: 1335 40th Street
  • Viewed: 21
  • Price: $949,000
  • Price sqft: $208
  • Waterfront: No
  • Year Built: 1930
  • Bldg sqft: 4555
  • Bedrooms: 6
  • Total Baths: 6
  • Full Baths: 6
  • Days On Market: 10
  • Additional Information
  • Geolocation: 27.3698 / -82.5441
  • County: SARASOTA
  • City: SARASOTA
  • Zipcode: 34234
  • Subdivision: Palm Grove
  • Elementary School: Tuttle Elementary
  • Middle School: Booker Middle
  • High School: Booker High
  • Provided by: PREFERRED SHORE LLC
  • Contact: Jeremy Egglefield
  • 941-999-1179
  • mfrmls
  • DMCA Notice
  • Description
    Once in a generation opportunity to own one of Sarasotas most unique and versatile properties. Set on a lush, private acre within city limits, this rare multi unit compound blends income potential, lifestyle flexibility, and future development upside in a way thats nearly impossible to find. At the heart of the property is a charming, retreat like main residence offering over 2,000 sq ft of living space, surrounded by mature tropical landscaping and anchored by majestic grandfather oaks. Attached is a private mother in law suite with its own entrance, while the two additional one bedroom units provide immediate, reliable rental income. Whether youre an owner occupant, investor, or visionary builder, the possibilities here are exceptional: Live in the main home while generating income from multiple units Operate as a high performing Airbnb or long term rental property Create a private family compound or wellness retreat Expand and develop on included buildable lots The property has demonstrated income potential in the $70K$90K+ range, depending on rental strategy. Beyond the structures, the land itself is a standout featureoffering a vibrant, almost jungle like setting with a diverse collection of mature fruit trees including multiple varieties of mango, avocado, banana, lychee, loquat, and more. Outdoor living is elevated with a tranquil screened in patio, multiple decks, outdoor spa like shower and tub, and two large multi use outbuildings. The larger structure offers incredible flexibilityideal for a yoga studio, art space, workshop, or additional storage. Key Highlights: Multi unit income property (triplex configuration) No HOA All units currently leased with reliable tenants Two additional buildable lots included in the sale Ample parking and flexible layout options Updated interiors with modern kitchens, bathrooms, and tile flooring Located just minutes from Downtown Sarasota, St. Armands Circle, Lido Key, and SRQ Airport, this property combines privacy and convenience in one compelling package. Opportunities like this are rarethis is more than a property, its a platform for lifestyle, income, and long term upside.
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  •   Principal & Interest -
  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Outdoor Shower, Storage
  • Flooring: Other, Tile
  • Living Area: 4188.00
  • Other Structures: Additional Single Family Home, Guest House, Shed(s), Storage
  • Roof: Membrane, Other, Shingle
Land Information
  • Lot Features: Drainage Canal, City Limits, Landscaped, Oversized Lot, Paved
School Information
  • High School: Booker High
  • Middle School: Booker Middle
  • School Elementary: Tuttle Elementary
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Electric
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2025
Other Features
  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Other, Range, Refrigerator, Washer
  • Country: US
  • Furnished: Negotiable
  • Interior Features: Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Split Bedroom, Thermostat, Window Treatments
  • Legal Description: LOTS 4, 5, 18 & 19, BLK G, PALM GROVE
  • Levels: Multi/Split
  • Area Major: 34234 - Sarasota
  • Occupant Type: Tenant
  • Parcel Number: 0026120058
  • Style: Other
  • View: Trees/Woods
  • Views: 21
  • Zoning Code: RSF3
Nearby Subdivisions
Armstrong Acres   Armstrong Acres Surv Lt 1 R   Barrington Woods   Bay Haven   Beverly Terrace   Braeburn   Carver Park   Central Heights   Cocoanut Heights   Corwood   Corwood Park   Desoto Acres   Desoto Terrace   Edgewater   Epsteins Add To Newtown   Ford Sub   Gracewater   Gracewater At Sarasota   Hampton Terrace At University    Highland Pines   Hillcrest Park   Indian Beach   Indian Beach Sapphire Shores   Indian Beach Map Of   Indian Beach Sub   Leisure Lakes   Lenray Heights   Lockwood Meadows   Lorraine Park Rep Of Pt   Newtown   Newtown Estates   Newtown Heights First Add To   Newtown South Side Add To   North Riverside Park   Not On The List   Owens Alan T   Palm Grove   Paul Josiah S Lands Of   Ravenwood   Royal Palm Villas   Sapphire Heights   Sapphire Shores   Sapphire Shores Indian Beach   Sapphire Shores Resub   Sapphire Shores Resub Blk M   Sarasota Bay Park   Siplins Add   Spring Oaks   Summer Wind   Sunnybrook   Sylvan Shores   The Winds Of St Armands   Village Gardens Ph 1   Village Gardens Ph 3   Whitakers W H Prop  
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Headshot for Associate Trudi Geniale
  1. Trudi Geniale, Broker
  2. Tropic Shores Realty
  3. Fax: 800.541.3688
  4. Mobile: 619.578.1100
  5. trudigen@live.com