628 North Orange Avenue

Sarasota, FL 34236

$3,250,000
Price
7
Beds
3,396 Sq. Ft.
$957 / Sq. Ft.
3,396
Sq. Ft.
$957
per Sq. Ft.

Description

Discover a unique and outstanding investment opportunity nestled in the heart of Sarasota's sought-after Gillespie Park neighborhood. This remarkable collection consists of three parcels featuring a charming main Florida bungalow home, a detached 1-bedroom apartment, plus two additional single-family homes, each with three bedrooms. Embrace the luxury of owning nearly 0.69 acres of prime real estate in a vibrant community. 30,000 square feet of land offers a mixture of Downtown Edge (DTE) and Downtown...Discover a unique and outstanding investment opportunity nestled in the heart of Sarasota's sought-after Gillespie Park neighborhood. This remarkable collection consists of three parcels featuring a charming main Florida bungalow home, a detached 1-bedroom apartment, plus two additional single-family homes, each with three bedrooms. Embrace the luxury of owning nearly 0.69 acres of prime real estate in a vibrant community. 30,000 square feet of land offers a mixture of Downtown Edge (DTE) and Downtown Neighborhood (DTN) zoning. DTE zoning allows for up to 25 units an acre, and DTN allows for up to 12 units an acre; however, the DTE portion qualifies for the
Density Bonus program, which qualifies for the development of up to 34 units and commercial space. The centerpiece of this fascinating compound is the main bungalow house, a true gem that radiates warmth and comfort, perfectly complemented by a serene pebble tech swimming pool and an inviting paver patio, ideal for soaking up the Florida sun or hosting unforgettable gatherings. The carefully designed outdoor spaces promise endless hours of relaxation and enjoyment. Adding to the allure, a cozy 1-bedroom apartment offers privacy and convenience with its separate parking and entrance, presenting a perfect opportunity for rental income or guest accommodation. The two additional parcels, each featuring a 3-bedroom single-family home, offer a wealth of options for the discerning investor or homeowner. Live in the main residence and generate income by renting out the other structures, or explore the potential to develop new in this prime location. Gillespie Park is well-known for its tranquil atmosphere, friendly community, and proximity to Downtown Sarasota's bustling array of shops, restaurants, arts, and entertainment options. This is a rare chance to own a piece of Sarasota's charm with the added flexibility and potential that these parcels offer.
  1. Listed by Ryan Miller • HARRY ROBBINS ASSOC INC

Property Details for 628 North Orange Avenue

Subdivision Name
HALLS SUB JAMES S
Township
36S
Carport Spaces
1
Waterfront
No
LISTING UPDATED: 10/23/2024 09:07 AM

Property Details for 628 North Orange Avenue

StatusActive
MLS #A4618354
Days on Market93
Taxes$5,167 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1926
Lot Size0.69 AC / 30,153 SF
CountySarasota County

Building Information for 628 North Orange Avenue

Stories-Residences4Year Built1926Building Size-Lot Size0.69 AC / 30,153 SF

Property Information for 628 North Orange Avenue

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Directions: From Tamiami Trail, turn onto 10th St. Turn right onto N Orange Ave. Properties are located on the corner of N Orange and 7th St.
  • Mls Major Change Type: Back On Market
  • Major Change Type: Back On Market
  • Listing Service: Full Service
  • Senior Community: No
  • SW Subdiv Community Name: Gillespie Park Sub
  • Unit Number: No
  • Street Number: 628
  • Street Direction Prefix: N
  • Street Name: ORANGE
  • Street Suffix: AVENUE
  • State: FL
  • City: SARASOTA
Parking
  • Available For Lease: Yes
  • Carport: Yes
  • Garage: No
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Block: D
  • Tax Book Number: 1-27
  • Tax Legal Description: LOTS 6 & 8 & WLY 16.39 FT OF LOT 10, BLK D, HALL SUB, BEING SAME LANDS AS DESC IN ORI 2000030175 & ORI 2022041001 LOT 1 BLK D HALL SUB LOT 2 BLK D HALL SUB
  • Tax Lot: 6
  • Tax Year: 2023
Property
Lot Information
  • Additional Parcels Description: 2026-07-0062, 2026-07-0063
  • Additional Parcels: Yes
  • Lot Size Dimensions: 100x129
  • Parcel Number: 2026070060
  • Total Acreage: 1/2 to less than 1
  • Total Num Buildings: 4
  • Water Access: No
  • Water Extras: No
  • Zoning: DTN
  • Living Area: 3396
  • Lot Dimensions: 100x129
Property and Assessments
  • Year Built Numeric: 1926
  • Flood Zone Code: X
  • New Construction: No
  • Number Of Lots: 3
  • Public Survey Range: 18E
  • Public Survey Section: 19
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Other, Public, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block, Other, Stucco, Wood Siding
  • Exterior Features: Awning(s), Courtyard, Fenced, Lighting, Private Mailbox, Sidewalk
  • Foundation Details: Block, Crawlspace, Other, Slab
  • Pool Features: In Ground
  • Pool Private: Yes
  • Pool: Private
  • Pool Private: Yes
  • Roof: Metal, Shingle
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 7
  • Cooling: Central Air
  • Fireplace: No
  • Heating: Central, Electric
  • Interior Features: Built in Features, Ceiling Fans(s), Other, Primary Bedroom Main Floor
  • Laundry Features: Laundry Room
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Net Income: $200,000.00
  • Unit Count: 4
Unit 1
  • Unit Type Baths Total 1: 2
  • Unit Type Beds Total 1: 3
  • Unit Type Heated Sq Ft 1: 1419
  • Unit Type Pro Forma 1: 75000
  • Unit Type Type 1: 3 Bed/2 Bath
  • Unit Type Units Total 1: 1
Unit 2
  • Unit Type Baths Total 2: 1
  • Unit Type Beds Total 2: 1
  • Unit Type Heated Sq Ft 2: 435
  • Unit Type Pro Forma 2: 25000
  • Unit Type Type 2: 1 Bed/1 Bath
  • Unit Type Units Total 2: 1
Unit 3
  • Unit Type Baths Total 3: 1
  • Unit Type Beds Total 3: 3
  • Unit Type Heated Sq Ft 3: 1145
  • Unit Type Pro Forma 3: 50000
  • Unit Type Type 3: 3 Bed/1 Bath
  • Unit Type Units Total 3: 1
Unit 4
  • Unit Type Baths Total 4: 1
  • Unit Type Beds Total 4: 3
  • Unit Type Heated Sq Ft 4: 832
  • Unit Type Pro Forma 4: 50000
  • Unit Type Type 4: 3 Bed/1 Bath

Property History for 628 North Orange Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 628 North Orange Avenue

Taxable ValueLand$307,400Additions$62,900Total$370,300
Tax Record2023$5,633 ($469 / month)
Home Facts
Beds3Baths1Total Finished SqFt832 SqFtAbove Grade Finished SqFt832 SqFtStories1Lot Size7,511 SqFtStyleSingle Family ResidenceYear Built1949Year Renovated1984ZoningDTECountySARASOTAAPN2026-07-0063

Schools near 628 North Orange Avenue

This home is within Sarasota.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Alta Vista Elementary School
PublicPK to 5

Booker Middle School
Public6 to 8

Booker High School
Public9 to 12

Sarasota Military Academy
Charter6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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628 North Orange Avenue is a multi-family home for sale in Sarasota, FL 34236. This property was listed for sale on July 26, 2024 by HARRY ROBBINS ASSOC INC, it's currently listed at $3,250,000. It has been on the market for a total of 93 days and was last sold on June 1, 2022. This listing's school district is Sarasota. Nearby schools include Alta Vista Elementary School, Booker Middle School and Booker High School. 628 North Orange Avenue is a 7-bed, 0-bath, 3,396 sqft multi-family home built in 1926.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of HARRY ROBBINS ASSOC INC, Ryan Miller

The information is being provided in part by Southwest Florida Multiple Listing Service, Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2, and MarcoMls. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 Southwest Florida Multiple Listing Service and MarcoMls. All Rights Reserved. The data relating to real estate for sale displayed on this website comes in part from the Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2 and MarcoMls. Properties listed with brokerage firms other than Compass are marked with the "BR House" logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Naples MLS BR Program, or contained in the database compilation of Naples MLS.