Active$2,499,000
2110 MICHELE DRIVE
SARASOTA, FL 34231
5 beds6 baths4,623 sqft
Active · Single Family
1419 & 1427 7TH STREET
SARASOTA, FL 34236
Beds
—
Baths
—
Area
2,047 sqft
Single FamilyBuilt 198513,352 sqft lotCentral Air$1219/sqft2 days on market
Location
About this home
Capture an opportunity to acquire one of the remaining development sites in Sarasota’s Rosemary Arts and Design District. This 13,300-square-foot property offers Downtown Edge zoning within the Rosemary Residential Overlay District, with potential for a five-story, 31-residence condominium or mixed-use project and up to 31 parking spaces, subject to applicable zoning, governmental approvals and development requirements. Located approximately 100 feet from Central Avenue and blocks from Sarasota Bay and downtown Sarasota, the property is positioned near the Rosemary District’s growing collection of restaurants, art galleries, shops and design destinations. The site currently includes two commercial buildings generating more than $3,900 in combined monthly rental income and 11 paved parking spaces, providing income while future development plans are considered. The tenant has a triple-net lease. Tenants have invested more than $150,000 in building improvements and improvements to the paved parking area. New roofs were installed on both buildings in 2006, and both buildings were tented for wood-destroying organisms in 2017. A contemporary condominium development is planned across Seventh Street. The listing agent can provide additional information regarding the proposed project. The property is being offered subject to existing lease terms through May 2027. Tenants have a right of first refusal on contracts written before May 2027. With its development potential, existing income and location within the Rosemary Arts and Design District, this property presents an opportunity to establish a presence in one of downtown Sarasota’s evolving districts. ****ADJACENT VACANT LAND MLS A4706492 TOGETHER WITH THIS PROPERTY OFFERS A 62 UNIT DEVELOPMENT OPPORTUNITY.***
Facts & features
Interior
- Living area
- 2,047 sqft
- Cooling
- Central Air
- Flooring
- Carpet
- Stories
- 1
- Appliances
- Refrigerator
Exterior & lot
- Lot size
- 13,352 sqft (0.31 ac)
- Roof
- Metal, Shingle
- Construction
- Concrete, Other, Wood Siding
Financial
- Annual tax
- $15,475 (2025)
- Price / sqft
- $1219/sqft
Utilities
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- BB/HS Internet Capable, Electricity Available, Public, Water Connected
Property
- Property type
- Single Family
- Year built
- 1985
- Subdivision
- ROSEMARY DISTRICT
- County
- Sarasota
Listing
- Status
- Active
- Days on market
- 2 days
- MLS #
- MFR811678730
- Source
- Stellar MLS
Listed by Frank Lambert · PREMIER SOTHEBY'S INTERNATIONAL REALTY
Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.
Estimate your monthly cost
PITI + HOAEstimated monthly payment$13,906/mo
- Principal & interest
- $12,616/mo
- Property tax
- $1,290/mo
- Home insurance
- Left out until you enter a quote
Opens at 20% down over 30 years at 6.5%, the same assumptions as the answers below. Property tax is this listing's own 2025 bill. Insurance is left out until you enter a quote, because Florida premiums turn on roof age, elevation and carrier. Every field is editable.
Ask about this property
Answered from this listing’s own figures and the sales around it.
Similar homes nearby
Homes for sale in SARASOTA within the same price band.
Price history
From the property’s MLS record.
| Date | Event | Price | Change |
|---|---|---|---|
| Sep 19, 2026 | Listed | $2,495,000 | — |
Neighbourhood
The schools below come from the MLS record for this home. Walking, transit and cycling figures for SARASOTA, FL are not connected yet, so this page does not show them.
Elementary school
Not listed
Not named in the MLS record for this home
Middle school
Not listed
Not named in the MLS record for this home
High school
Not listed
Not named in the MLS record for this home
Frequently asked questions
What would 1419 & 1427 7TH STREET, SARASOTA cost per month?
About $13,906 a month: $12,616 principal and interest, $1,290 property tax. That assumes 20% down at 6.5% over 30 years, and leaves out insurance.
Is 1419 & 1427 7TH STREET, SARASOTA priced fairly?
Comparable homes nearby put it between $756,725 and $870,641, with $813,683 in the middle. Those are asking prices, not closed sales: 8 properties of the same type within three miles, each within 20% of this one's size and a bedroom either way, at a median of $398 a square foot.
How does 1419 & 1427 7TH STREET, SARASOTA compare to nearby homes?
8 comparable properties within three miles. The nearest: 1649 8TH STREET, SARASOTA, FL at $625,000, 1,820 sq ft, 0.29 miles away; 1672 10TH STREET, SARASOTA, FL at $479,900, 1,983 sq ft, 0.33 miles away; 1672 10TH STREET, SARASOTA, FL at $479,900, 1,983 sq ft, 0.33 miles away.
How long has 1419 & 1427 7TH STREET, SARASOTA been on the market?
It came on the market today.
Has the price of 1419 & 1427 7TH STREET, SARASOTA changed?
The price has not moved since it was listed.
How big is 1419 & 1427 7TH STREET, SARASOTA?
2,047 square feet. That is $1,219 a square foot.
What year was 1419 & 1427 7TH STREET, SARASOTA built?
Built in 1985.
What is the HOA fee at 1419 & 1427 7TH STREET, SARASOTA?
The feed lists no association fee for this property.
What are the property taxes at 1419 & 1427 7TH STREET, SARASOTA?
Property tax works out to about $1,290 a month, $15,475 a year, on the 2025 assessment.
Is 1419 & 1427 7TH STREET, SARASOTA still available?
It is still on the market.