$1,525,000
 $8,187 est/mo Sourced by Back At You

420 Kumquat Ct,SARASOTA, FL 34236

SARASOTA, FL 34236

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Description

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.

Details

MLS #A4689791
Listing TypeFor Sale
Sub-TypeFor-sale
StatusActive
Year1981
Days On Site196
Listing Provided ByPREMIER SOTHEBY'S INTERNATIONAL REALTY | Frank Lambert

Features

Bed(s)4
Bath(s)3
SQ Feet1,824
PoolYes
ZoningDTE
Acreage0.14
Property ViewTrees, Woods

Taxes

Property7860

Area Information

StateFL
CountySarasota
CitySARASOTA
Zip Code34236
Area34236 Sarasota
SubareaOwen Burns Sub
Community NameROSEMARY DISTRICT
School DistrictBooker High
Elementary SchoolAlta Vista Elementary
High SchoolBooker High
Listing VS Median (in ROSEMARY DISTRICT)
Price:
$1,525,000
low | high
Med:
$1,695,000
38.852459016393% of Average
sqft:
1,824
low | high
Med:
1,624
60.964912280702% of Average
$ / sqft:
$836
low | high
Med:
$1,044
25.164338205604% of Average
On site:
196
low | high
Med:
226
86.725663716814% of Average
Sourced by Back At You

Market Activity 34236

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 Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of October 26, 2026 at 3:27:28 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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Learn More About This Property

StateFL
CountySarasota
CitySARASOTA
Zip Code34236
Area34236 Sarasota
SubareaOwen Burns Sub
Community NameROSEMARY DISTRICT
School DistrictBooker High
Elementary SchoolAlta Vista Elementary
High SchoolBooker High
Listing VS Median (in ROSEMARY DISTRICT)
Price:
$1,525,000
low | high
Med:
$1,695,000
38.852459016393% of Average
sqft:
1,824
low | high
Med:
1,624
60.964912280702% of Average
$ / sqft:
$836
low | high
Med:
$1,044
25.164338205604% of Average
On site:
196
low | high
Med:
226
86.725663716814% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.143M - $1.906M
sqft: 1,000 - 2,000
Listing Updated: September 29, 2026 at 3:52:06 AM PDT