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1335 40TH STREET, Sarasota, FL 34234 (Sold on )

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 $949,000

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  • 6 BedBeds
  • 6 BathBaths
  • 4,188 SqFtSqFt
  • TypeResidential
  • Active
  • MLS# A4688091

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Property Description

Once-in-a-generation opportunity to own one of Sarasota’s most unique and versatile properties. Set on a lush, private acre within city limits, this rare multi-unit compound blends income potential, lifestyle flexibility, and future development upside in a way that’s nearly impossible to find. At the heart of the property is a charming, retreat-like main residence offering over 2,000 sq ft of living space, surrounded by mature tropical landscaping and anchored by majestic grandfather oaks. Attached is a private mother-in-law suite with its own entrance, while the two additional one-bedroom units provide immediate, reliable rental income. Whether you’re an owner-occupant, investor, or visionary builder, the possibilities here are exceptional:     •    Live in the main home while generating income from multiple units     •    Operate as a high-performing Airbnb or long-term rental property     •    Create a private family compound or wellness retreat     •    Expand and develop on included buildable lots The property has demonstrated income potential in the $70K–$90K+ range, depending on rental strategy. Beyond the structures, the land itself is a standout feature—offering a vibrant, almost jungle-like setting with a diverse collection of mature fruit trees including multiple varieties of mango, avocado, banana, lychee, loquat, and more. Outdoor living is elevated with a tranquil screened-in patio, multiple decks, outdoor spa-like shower and tub, and two large multi-use outbuildings. The larger structure offers incredible flexibility—ideal for a yoga studio, art space, workshop, or additional storage. Key Highlights:     •    Multi-unit income property (triplex configuration)     •    No HOA     •    All units currently leased with reliable tenants     •    Two additional buildable lots included in the sale     •    Ample parking and flexible layout options     •    Updated interiors with modern kitchens, bathrooms, and tile flooring Located just minutes from Downtown Sarasota, St. Armands Circle, Lido Key, and SRQ Airport, this property combines privacy and convenience in one compelling package. Opportunities like this are rare—this is more than a property, it’s a platform for lifestyle, income, and long-term upside.

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Property Details 1335 40TH STREET, SARASOTA, FL 34234

Facts & Features

  • MLS #: A4688091
  • Status: Active
  • Type: Residential
  • SubType: Single Family Residence
  • Year Built: 1930
  • Price: $949,000
  • Acres: 0.59
  • Area: 34234 - Sarasota
  • County: Sarasota
  • Bedrooms: 6
  • Bathrooms: 6
  • Full Baths: 6
  • Total SqFt: 4,188

Amenities

  • View: Trees/Woods
  • Waterfront: No

Interior Features

  • Interior Features: Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Split Bedroom, Thermostat, Window Treatments
  • Flooring: Other, Tile
  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Heating: Electric
  • Cooling: Central Air

Exterior Features

  • Style: Other
  • Exterior Features: Outdoor Shower, Storage
  • Lot Description: Drainage Canal, City Limits, Landscaped, Oversized Lot, Paved
  • Windows: Window Treatments
  • Roof: Membrane, Other, Shingle
  • Construction: Block

Schools

  • Elementary: Tuttle Elementary
  • Middle: Booker Middle
  • High: Booker High

Additional Information

  • List Date: 04/16/2026
  • Zoning: RSF3

Tax Information

  • Tax Amount: $4,473
  • Tax Year: 2025

Estimated Monthly Mortgage Calculator

This calculator is provided for informational purposes. You should not make any decisions based simply on the information provided. Values indicated are estimates and may not be accurate and are only to be used as a guide. This calculator should not be relied upon in any way as the sole source of information. Please consult your financial, tax or legal advisers for an accurate assessment of your mortgage payments and any advice relating to your personal circumstances.

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