628 N Orange Avenue
Sarasota, FL 34236
- – beds
- – baths
- – sqft
- ~3/4 acre lot
- – on site
Discover a unique and outstanding investment opportunity nestled in the heart of Sarasota's sought-after Gillespie Park neighborhood. This remarkable collection consists of three parcels featuring a charming main Florida bungalow home, a detached 1-bedroom apartment, plus two additional single-family homes, each with three bedrooms. Embrace the luxury of owning nearly 0.69 acres of prime real estate in a vibrant community. 30,000 square feet of land offers a mixture of Downtown Edge (DTE) and Downtown Neighborhood (DTN) zoning. DTE zoning allows for up to 25 units an acre, and DTN allows for up to 12 units an acre; however, the DTE portion qualifies for the Density Bonus program, which qualifies for the development of up to 34 units and commercial development The centerpiece of this fascinating compound is the main bungalow house, a true gem that radiates warmth and comfort, perfectly complemented by a serene swimming pool and an inviting paver patio, ideal for soaking up the Florida sun or hosting unforgettable gatherings. The carefully designed outdoor spaces promise endless hours of relaxation and enjoyment. Adding to the allure, a cozy 1-bedroom apartment offers privacy and convenience with its separate parking and entrance, presenting a perfect opportunity for rental income or guest accommodation. The two additional parcels, each featuring a 3-bedroom single-family home, offer a wealth of options for the discerning investor or homeowner. Live in the main residence and generate income by renting out the other properties, or explore the potential to build anew in this prime location. Gillespie Park is well-known for its tranquil atmosphere, friendly community, and proximity to downtown Sarasota's bustling array of shops, restaurants, arts, and entertainment options. This is a rare chance to own a piece of Sarasota's charm with the added flexibility and potential that these parcels offer.
Last checked:
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Last updated Apr 10, 2025
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MLS# A4618435 —
This property is listed in more than one place. See it here.
The Building
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Building Area Units:Square Feet
Room Dimensions
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Living Area Units:Square Feet
Location
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Directions:From Tamiami Trail, turn onto 10th St. Turn right onto N Orange Ave. Properties are located on the corner of N Orange and 7th St.
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Latitude:27.341815
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Longitude:-82.538349
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Coordinates:-82.538349, 27.341815
The Property
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Parcel Number:2026070063
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Property Type:Land
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Lot Size Acres:0.69
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Lot Size Area:30153
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Lot Size SqFt:30153
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Lot Size Dimensions:64 x 117
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Lot Size Units:Square Feet
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Total Acres:1/2 to less than 1
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Zoning:DTE
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Current Use:Residential
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View:false
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Water Source:Public
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Road Surface Type:Paved
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Flood Zone Code:X
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Additional Parcels:true
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Additional Parcels Description:2026-07-0062, 2026-07-0063
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Price Per Acre:4275362
Listing Agent
- Contact info:
- Agent phone:
- (941) 954-6925
- Office phone:
- (941) 924-8346
Taxes
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Tax Year:2023
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Tax Lot:2
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Tax Block:D
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Tax Legal Description:LOT 2 BLK D HALL SUB
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Tax Book Number:1-27
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Tax Annual Amount:5633.06
The Listing
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Special Listing Conditions:None
Utilities
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Utilities:Cable Connected
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Sewer:Public Sewer
The Community
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Subdivision Name:HALLS SUB JAMES S
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Waterview:false
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Water Access:false
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Waterfront:false
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Association:false
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Ownership:Fee Simple
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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1/3/25
Jan 3, 2025
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Price Changed | STELLAR_MLS | $2,950,000 | -9.2% |
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10/23/24
Oct 23, 2024
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Relisted | STELLAR_MLS | $3,250,000 | |
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8/27/24
Aug 27, 2024
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Pending | STELLAR_MLS | $3,250,000 |
