993 GARY STREET A & B, Sarasota, FL 34234

• 4 beds |
• 2 baths |
• 1,679 sqft

Property Description

Exceptional income-producing duplex located within the Sarasota city limits in desirable Flood Zone X, meaning no flood insurance is required. This solid block construction property offers multiple investment opportunities including owner-occupancy, short-term rentals, long-term rentals, student housing, or a hybrid income strategy. Located directly across from the revitalized North Water Tower Park, residents and guests can enjoy paved walking trails, a disc golf course, playground, covered picnic areas, public restrooms, and a water bottle filling station. Each private unit features 2 bedrooms and 1 bathroom with beautifully updated kitchens showcasing shaker cabinetry, quartz countertops, timeless restored terrazzo flooring, open-concept living areas, private laundry rooms, screened lanais, and covered carports with locked storage. Unlike many duplexes, the units do not share a common wall or yard space, offering enhanced privacy and reduced noise between occupants. Major capital improvements have already been completed within the past seven years, including the roof, dual HVAC systems, and water heaters. Additional investor-friendly features include separate utilities and durable block construction. The property’s central location provides quick access to Downtown Sarasota, Bradenton, Lakewood Ranch, SRQ Airport, Ringling College, New College, University of South Florida, and world-famous Gulf beaches, supporting a strong tenant and guest pipeline with future rental growth potential. According to the City of Sarasota permitting website, the occupancy use is listed as R1 Hotels/Motels/Boarding House, creating flexibility for multiple income-producing uses. Unit B has been operating as a short-term rental through Airbnb and VRBO since January 2026 and has already generated approximately $13,926 in rental revenue. Unit A is currently owner-occupied. The current owners originally purchased the property using FHA financing as their primary residence, demonstrating an excellent opportunity for buyers interested in “house hacking” by living in one unit while offsetting expenses with rental income from the other. With three major colleges nearby, the property also presents excellent potential for student housing demand. Whether you are an investor seeking cash flow, a buyer looking to offset monthly expenses through owner-occupancy, or someone searching for a flexible income-producing property in a rapidly growing Sarasota location, this duplex offers outstanding versatility and long-term upside potential.

Listing Status:

Active

Date Added:

May 22, 2026

Data Last Updated:

May 25, 2026 at 7:21AM

Listing Office:

DALTON WADE INC : 888-668-8283

Listing Agent:

Marius Mocan : 503-858-3756

MLS ID:

A4694443

Interior

• General: Ceiling Fans(s)Eat-in KitchenPrimary Bedroom Main FloorSolid Surface CountersWindow Treatments
• Rooms: Storage Rooms
• Appliances: DisposalDryerMicrowaveRangeRefrigeratorWasher
• Laundry: Common AreaLaundry ClosetLaundry RoomOutsideSame Floor As Condo Unit
• Flooring: TerrazzoTile
• A/C: Central Air
• Heating: Electric

Exterior

• General: Dog RunFenceOtherPrivate EntrancePrivate MailboxPrivate Yard
• Other Structures: PorchFront PorchRear PorchScreenedCovered

Construction

• Roofing: MetalRoof Over
• Windows: BlindsDouble Pane WindowsWindow Treatments
• General: BlockConcreteOneSlab

Location

• Road/Access: Asphalt
• Originating MLS: Stellar MLS
• County: Sarasota

Lot

• Zoning: RMF3LOT 19 HARRIET SUB2004070041

Utilities

• Utilities: Cable ConnectedElectricity ConnectedFiber Optics
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Stellar MLS
• Ownership: Fee Simple