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3042 Lockwood Terrace

SARASOTA, FL 34231

2 beds
2 baths
1,390 sqft
9,300 sqft lot
$301 per sqft
1965 build
– on site

Charming Gulf Gate Gem! Move-In Ready, Renovated 2-Bedroom, 2-Bathroom home plus 37 x 16 bonus flex space in the highly sought-after Gulf Gate neighborhood – Only Minutes from the World-Famous #1 Beach in America, Siesta Key! Welcome to this meticulously maintained, renovated single-family home located on a quiet street in the heart of Gulf Gate. This one-story oasis offers 2 bedrooms, 2 full bathrooms, and a fully updated kitchen featuring stainless-steel appliances, modern countertops, and stylish fixtures. The laundry room and pantry are located right off the kitchen, adding extra convenience to everyday living. The bright and airy family room, with a built-in electric fireplace, is the perfect place to relax and entertain. A cozy space off the kitchen offers an area ideal for relaxing after a glorious day at the beach. The large second living space in the rear of the home offers versatility, whether you envision it as a dining area, office, or additional living space. Large plank, wood-inspired tile floors flow throughout the entire home creating a cohesive and inviting environment. Crown molding adds a lovely touch of sophistication. Step outside to a massive patio with elegant pavers, seamlessly connected to a beautifully landscaped yard. This outdoor area is ready for your personal touch—whether you envision a pool, lanai, or expanded outdoor living space. The absolute coolest feature of this home is the MASSIVE, FULLY PERMITTED flex space in the rear of the home! The 37 x 16 attached space is drywalled and equipped with A/C & electrical. The possibilities for this room are endless—perfect for a home gym, workshop, studio, home office, pool house or guest suite. It won’t take much to finish off the space! Gulf Gate is known for its large, flat lots, giving owners ample room to grow, with potential for future home additions and amazing outdoor spaces. Convenience is key with this property’s central location. Endless shopping options, including Publix, Costco, highly rated local restaurants, and more are just minutes away. Whether you’re heading out for a day on Siesta Key’s powdered sugar sands, exploring downtown Sarasota, St. Armands Circle, and beyond, every destination is extremely convenient. The shops and restaurants in Gulf Gate are a quick walk or bike ride from your front door! This home has been beautifully cared for and offers a rare opportunity to own a renovated gem in one of Sarasota’s most desirable neighborhoods. If you are looking for an investment property, this home offers tremendous opportunities for rental income. The roof was replaced, and the interior re-piped in 2009. An ADT alarm system and several newer hurricane windows give you peace of mind. Buyers, this is a great time to make a purchase in a highly desirable area of Sarasota!

Listing courtesy of STELLAR_MLS / COLDWELL BANKER SARASOTA CENT.

Last checked: Checking… • Last updated Mar 23, 2025 •

MLS# A4641991 —

The Building

Year Built:

1965
New Construction:

false
Construction Materials:

Brick
Levels:

One
Stories Total:

1
Roof:

Shingle
Foundation Details:

Block
Patio And Porch Features:

Patio
Security Features:

Security System Leased
Floor Number:

1
Building Area Total:

2335
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Interior Features:

Crown Molding
Furnished:

Negotiable
Flooring:

Carpet
Fireplace:

true

Room Dimensions

Living Area:

1390
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

Gulf Gate Drive to Aruba Lane to Lockwood Terrace
Latitude:

27.254751
Longitude:

-82.503995
Coordinates:

-82.503995, 27.254751

The Property

Parcel Number:

0102150008
Property Type:

Residential
Property Subtype:

Single Family Residence
Property Attached:

false
Lot Features:

Cleared
Lot Size Acres:

0.21
Lot Size Area:

9300
Lot Size SqFt:

9300
Lot Size Units:

Square Feet
Total Acres:

0 to less than 1/4
Zoning:

RSF3
Direction Faces:

North
View:

Trees/Woods
View:

true
Exterior Features:

Garden
Water Source:

Public
Road Responsibility:

Public Maintained Road
Road Surface Type:

Paved
Road Frontage Type:

Street Paved
Flood Zone Code:

X - AE
Additional Parcels:

false
Homestead:

true
Lease Restrictions:

true
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Lot:

7
Tax Block:

48
Tax Legal Description:

LOT 7 BLK 48 GULF GATE UNIT 8
Tax Book Number:

17-50
Tax Annual Amount:

1708.06

Beds

Bedrooms Total:

2

Baths

Total Baths:

2
Total Baths:

2
Full Baths:

2

The Listing

Virtual Tour URL Unbranded:

https://www.propertypanorama.com/instaview/stellar/A4641991
Special Listing Conditions:

None

Heating & Cooling

Heating:

Electric
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Cable Connected
Sewer:

Public Sewer

Appliances

Appliances:

Dishwasher
Laundry Features:

Laundry Room

Schools

Elementary School:

Gulf Gate Elementary
Middle Or Junior School:

Brookside Middle
High School:

Riverview High

The Community

Subdivision Name:

GULF GATE
Senior Community:

false
Community Features:

Sidewalks
Waterview:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Pets Allowed:

Cats OK
Association:

true
Association Fee:

75
Association Fee Requirement:

Optional
Ownership:

Fee Simple
Association Approval Required:

false

Parking

Garage:

false
Carport:

true
Carport Spaces:

2
Covered Spaces:

2
Open Parking:

true
Parking Features:

Covered

Extra Units

Other Structures:

Shed(s)

Monthly cost estimate

Asking price

$419,000

Expense	Monthly cost
Mortgage	$2,243
Taxes	$142
Insurance	$115
Utilities	$138 See report
Total	$2,638/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
3/3/25 Mar 3, 2025	Listed / Active	STELLAR_MLS	$419,000

House For Sale

$419,000

Cost Est.

$2,638/mo.

Listing provided by broker:

Mary Ann Keenan

COLDWELL BANKER SARASOTA CENT.

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This house located in Gulf Gate, Gulf Gate Estates, FL 34231 is currently for sale for $419,000. 3042 Lockwood Terrace is a 1,390 square foot house with 2 beds and 2 baths that has been on Estately for 22 days. 3042 Lockwood Terrace is in the Gulf Gate neighborhood of Gulf Gate Estates and has a WalkScore® of 32, making it car-dependent. This house is in the attendance area of Riverview High School, Gulf Gate Elementary School, and Brookside Middle School.

Listing Courtesy of: STELLAR_MLS and COLDWELL BANKER SARASOTA CENT..

Based on information from the My Florida Regional MLS DBA Stellar MLS 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.