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5311 Olive Avenue

SARASOTA, FL 34231

4 beds
2 baths
1,680 sqft
8,560 sqft lot
$252 per sqft
1972 build
– on site

Terriffic location with a nice quiet neighborhood in South Central Sarasota, close to gas, shopping, restaurants and services located on Clark Road/Stickney Point, Highway 41, Beneva and Lockwood Road. Walk to the peaceful Historical, 72 acre Red Bug Park with lots of amenities. This location is conveniently located only 3 signals East of the bridge entrance to famous Siesta Key Crescent Beach. This 2 bedroom, 1 bath duplex has the exact same convenient, open floor plan on each side and features a seperate private driveway and carport with utilities/laundry room each with washer/dryer hookups and 3 year old water heaters, inside the covered carports. Each unit has extra parking in their respective driveways. Large living room leads to covered srceen patios and private fenced back yards for each. 5313 was completely updated in 2023 with new drywall in kitchen and dining, new shaker style kitchen cabinets, new counter tops, new microwave, new tile throughout, new designer kid proof vinyl, 3 new ceiling fans, and all new interior paint except spare bedroom. 5311 had bath redo in 2022 with new bathtub, new plumbing, new tub tile and updated the remainder of the unit 12 years ago before the current tenant moved in. Most of the trees were taken out when the new sewers went in and new driveway entrance was poured in 2018. Plants need to be removed from outside stucco walls. The roof is 3 years old completed in 10/2021. The water heaters are 3 years old completed 2/17/22. New A/C 4 years old completed 1/08/2021. The A/C units are on an annual maintenance contract. Plumbing and A/C pipes have been wrapped and reinsulated. The yard is on a regular maintenance contract with a landscaping company but bushes and plants need trimming. Owner pays water and sewer. Tenants pay electrical . All main expense items have been replace, ie. floor tiles, wood floors, roof, plumbing, A/C, kitchen cabinets, tile tubs. Remaining expenses are clean up and cosmetic and paint. No current up front building costs are required except fascia needs painting. Water main shutoff is located on the corner of Ashton and Olive. Fire hydrant is 100 feet from property located at the corner by the main shut off valve. Not in a Flood Zone, FEMA rated X. Long term tenants - 12 years and 8 years on a month to month. Rent's have just now been raised and the Gross Income is $2350.00 monthly.

Listing courtesy of STELLAR_MLS / SUNSET REALTY

Last checked: Checking… • Last updated Mar 12, 2025 •

MLS# A4642653 —

The Building

Year Built:

1972
New Construction:

false
Construction Materials:

Block
Levels:

One
Roof:

Shingle
Foundation Details:

Slab
Window Features:

Blinds
Patio And Porch Features:

Covered
Security Features:

Smoke Detector(s)
Accessibility Features:

Accessible Kitchen
Green Indoor Air Quality:

No Smoking-Interior Buildg
# of Buildings:

1
Building Area Total:

2605
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Interior Features:

Ceiling Fan(s)
Furnished:

Unfurnished
Flooring:

Ceramic Tile
Fireplace:

false

Room Dimensions

Living Area:

1680
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

Between Clark Road and Proctor Road (North and South) and between Swift and Lockwood Ridge, (East and West) one street West of Lockwood Ridge, 2 doors South of Ashton Road on Olive, 5313 Olive
Latitude:

27.276212
Longitude:

-82.506491
Coordinates:

-82.506491, 27.276212

The Property

Parcel Number:

0088030009
Property Type:

Residential Income
Property Subtype:

Duplex
Property Condition:

Completed
Lot Features:

In County
Lot Size Acres:

0.2
Lot Size Area:

8560
Lot Size SqFt:

8560
Lot Size Dimensions:

80 x 107
Lot Size Units:

Square Feet
Total Acres:

0 to less than 1/4
Zoning:

RSF3
View:

false
Exterior Features:

Fenced
Water Source:

Public
Road Responsibility:

Public Maintained Road
Road Surface Type:

Paved
Road Frontage Type:

Street Paved
Flood Zone Code:

X
Flood Zone Panel:

12115C0144F
Additional Parcels:

false
Homestead:

false
Lease Restrictions:

true
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Lot:

13
Tax Legal Description:

LOT 13 SUN HAVEN UNIT 5
Tax Book Number:

16-19
Tax Annual Amount:

4486.24

Beds

Bedrooms Total:

4

Baths

Total Baths:

2

The Listing

Virtual Tour URL Unbranded:

https://www.propertypanorama.com/instaview/stellar/A4642653
Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Cable Connected
Sewer:

Public Sewer

Appliances

Appliances:

Electric Water Heater
Laundry Features:

Electric Dryer Hookup

Schools

Elementary School:

Gulf Gate Elementary
Middle Or Junior School:

Brookside Middle
High School:

Riverview High

The Community

Subdivision Name:

SUN HAVEN
Senior Community:

false
Waterview:

false
Water Access:

false
Waterfront:

false
Spa:

false
Pool Private:

false
Association:

false
Ownership:

Fee Simple
Association Approval Required:

false

Parking

Garage:

false
Carport:

true
Carport Spaces:

2
Covered Spaces:

2
Open Parking:

true
Parking Features:

Assigned

Extra Units

Other Structures:

Other
# of Units Total:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/11/25 Mar 11, 2025	Listed / Active	STELLAR_MLS	$425,000

Multifamily For Sale

$425,000

Listing provided by broker:

Yvonne Blackburn

SUNSET REALTY

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This multifamily located in All States Park, South Gate Ridge, FL 34231 is currently for sale for $425,000. 5311 Olive Avenue is a 1,680 square foot multifamily with 4 beds and 2 baths that has been on Estately for 8 days. 5311 Olive Avenue is in the All States Park neighborhood of South Gate Ridge and has a WalkScore® of 37, making it car-dependent. This multifamily is in the attendance area of Gulf Gate Elementary School, Brookside Middle School, and Riverview High School.

Listing Courtesy of: STELLAR_MLS and SUNSET REALTY.

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.