The "Siesta Gateway Estates" is a rare 2002 masonry construction apartment complex, with 5 garages, positioned just before the South Bridge access to Siesta Key. The property is located within minutes of public beach access connected to Siesta Beach, only 450 feet from the 24-acre “Siesta Promenade” development, and "West of the Trail" (West of Route 41/Tamiami Trl). Each floor in each building contains 1,484 SF of living area and a total of 3 Bedrooms & 3 Bathrooms. However, the property was uniquely built with connecting doors on each floor, providing the rare flexibility to transform the floorplan with opening & closing the adjoining door. Closed, it becomes 2 units, consisting of a large 2 Bedroom / 2 Bathroom unit and a 1 Bedroom / 1 Bathroom unit. Opened, the floorplan converts into a huge 3 Bedroom / 3 Bathroom Unit! The property currently operates with the connecting doors closed, equating to 2 units per floor or 4 units per building, for a total of 8 units. The S.C. property appraiser site currently exhibits 2 units per building, for a total of 4 units, however, all existing tenants have month to month lease terms! View property "Offering Memorandum" for full details!
Sold for $1,900,000
$1,900,000
1700-1704 REDWOOD STREET, SARASOTA, FL 34231
3beds
3baths
7,211sqft
Multi Family
Built in 2002
-- sqft lot
$2,092,700 Zestimate®
$263/sqft
$3,424 Estimated rent
Home value
$2,092,700
$1.86M - $2.39M
$3,424/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Kyle Keelan 727-251-5953,
THE MULTIFAMILY FIRM LLC 941-444-6160,
Phil Ginexi 631-404-6060,
THE MULTIFAMILY FIRM LLC
Bought with:
Phil Ginexi, 3266689
THE MULTIFAMILY FIRM LLC
Source: Stellar MLS,MLS#: A4597802
Originating MLS: Sarasota - Manatee
Originating MLS: Sarasota - Manatee
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Inside, Other
Features
- Ceiling Fan(s), High Ceilings
- Doors: Sliding Doors
- Has fireplace: No
Interior area
- Total structure area: 7,709
- Total interior livable area: 7,211 sqft
Property
Parking
- Total spaces: 5
- Parking features: Driveway, Off Street
- Attached garage spaces: 5
- Has uncovered spaces: Yes
Features
- Patio & porch: Enclosed, Front Porch, Screened
- Exterior features: Balcony, Courtyard
- Has private pool: Yes
- Pool features: Deck, In Ground
Lot
- Size: 0.35 Acres
Details
- Additional parcels included: 0104120020
- Parcel number: 0104120028
- Zoning: RMF4
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Block, Concrete, Stucco
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 2002
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Public, Sewer Connected, Water Connected
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: 0000 - NOT PART OF A SUBDIVISION
HOA
- Has HOA: No
Location
- Region: Sarasota
Financial & listing details
- Price per square foot: $263/sqft
- Annual tax amount: $14,597
- Date on market: 1/30/2024
- Cumulative days on market: 17 days
- Listing terms: Cash
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 3/29/2024 | Sold | $1,900,000-22.4%$263/sqft |
Source:  Stellar MLS #A4597802 Report a problem | ||
| 2/16/2024 | Pending sale | $2,450,000$340/sqft |
Source: Stellar MLS #A4597802 Report a problem | ||
| 1/31/2024 | Listed for sale | $2,450,000$340/sqft |
Source: Stellar MLS #A4597802 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 34231
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Nearby schools
GreatSchools rating
- 9/10Phillippi Shores Elementary SchoolGrades: PK-5Distance: 1.9 mi
- 6/10Brookside Middle SchoolGrades: 6-8Distance: 3 mi
- 7/10Riverview High SchoolGrades: PK,9-12Distance: 1.8 mi
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Estimated market value
$2,092,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$2,092,700
- Florida
- Sarasota County
- Sarasota
- 34231
- 1700-1704 REDWOOD STREET
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