420 KUMQUAT COURT, Sarasota, FL 34236

• 4 beds |
• 3 baths |
• 1,824 sqft

Property 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.

Listing Status:

Active

Date Added:

April 13, 2026

Data Last Updated:

July 28, 2026 at 6:21AM

Listing Office:

PREMIER SOTHEBY'S INTERNATIONAL REALTY : 941-364-4000

Listing Agent:

Frank Lambert : 941-920-1500

MLS ID:

A4689791

Interior

• General: Split BedroomVaulted Ceiling(s)Walk-In Closet(s)Window Treatments
• Rooms: Den/Library/Office
• Appliances: DishwasherElectric Water HeaterFreezerMicrowaveRangeRefrigerator
• Laundry: Outside
• Flooring: CarpetLaminateTile
• A/C: Wall/Window Unit(s)
• Heating: Electric

Exterior

• General: Lighting
• Other Structures: Shed(s)PorchFront PorchCovered
• Pool: Screen Enclosure
• Parking: DrivewayGround LevelOpen

Construction

• Roofing: Shingle
• Windows: BlindsWindow Treatments
• General: StuccoThree Or MoreSlab

Location

• Road/Access: Asphalt
• HOA Amenities: 0.0
• Originating MLS: Stellar MLS
• County: Sarasota

Lot

• Zoning: DTEE 62.5 FT OF LOT 3 & E 55.5 FT LOT 5 BLK 27 RESUB OF BLKS 23 & 27 OWEN BURNS2026110096
• View: Trees/Woods

Utilities

• Utilities: Cable AvailableElectricity ConnectedSewer Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Stellar MLS
• Ownership: Fee Simple