1726 8th St Sarasota, FL 34236
Downtown Sarasota NeighborhoodEstimated payment $4,090/month
About This Lot
Prime Redevelopment Opportunity in Gillespie Park Currently configured as a duplex, this property offers excellent potential to be transformed into a spacious single-family home or an income-generating multifamily residence. Located in the desirable Gillespie Park neighborhood, just north of downtown Sarasota, this DTN-zoned lot is ideal for investors or homeowners seeking value and location. Each unit features 2 bedrooms and 1 bathroom, with individual water and electric meters and in-unit laundry. One unit is currently leased month-to-month at $1,600, while the other is vacant and undergoing renovation—offering immediate upside potential. Don't miss this chance to invest in one of Sarasota's most sought-after neighborhoods with strong rental demand and future development promise.
Listing Agent
INVESTUS REALTY LLC Brokerage Phone: 941-538-2010 License #3278758 Listed on: 05/07/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $5,864
Lot Details
- 7,610 Sq Ft Lot
- Lot Dimensions are 50 x 152.2
- North Facing Home
- Property is zoned DTN
Utilities
- Cable TV Available
Community Details
- No Home Owners Association
- Gillespie Park Sub Community
- Schindler Sub Subdivision
Listing and Financial Details
- Legal Lot and Block 8 / D
- Assessor Parcel Number 2026070021
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,566 | $395,000 | $302,600 | $92,400 |
| 2023 | $5,566 | $361,700 | $264,200 | $97,500 |
| 2022 | $4,665 | $307,500 | $234,500 | $73,000 |
| 2021 | $4,327 | $266,200 | $176,700 | $89,500 |
| 2020 | $4,208 | $255,000 | $178,300 | $76,700 |
| 2019 | $3,797 | $226,700 | $147,500 | $79,200 |
| 2018 | $3,823 | $232,200 | $150,700 | $81,500 |
| 2017 | $3,497 | $203,733 | $0 | $0 |
| 2016 | $3,321 | $199,200 | $107,600 | $91,600 |
| 2015 | $2,139 | $116,400 | $93,600 | $22,800 |
| 2014 | $1,977 | $106,480 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/07/2025 05/07/25 | For Sale | $650,000 | +15.0% | $414 / Sq Ft |
| 07/01/2022 07/01/22 | Sold | $565,000 | -2.6% | $360 / Sq Ft |
| 03/24/2022 03/24/22 | Pending | -- | -- | -- |
| 03/16/2022 03/16/22 | For Sale | $580,000 | 0.0% | $370 / Sq Ft |
| 03/09/2022 03/09/22 | Pending | -- | -- | -- |
| 01/26/2022 01/26/22 | For Sale | $580,000 | 0.0% | $370 / Sq Ft |
| 02/14/2018 02/14/18 | Off Market | $1,000 | -- | -- |
| 11/15/2017 11/15/17 | Rented | $1,000 | 0.0% | -- |
| 11/10/2017 11/10/17 | Under Contract | -- | -- | -- |
| 11/06/2017 11/06/17 | Price Changed | $1,000 | -4.8% | $1 / Sq Ft |
| 10/17/2017 10/17/17 | For Rent | $1,050 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $565,000 | Blalock Walters Pa | |
| Special Warranty Deed | $91,350 | Multiple | |
| Trustee Deed | $101 | None Available | |
| Warranty Deed | $275,000 | Able Title Company | |
| Warranty Deed | $140,000 | Peer Title Inc | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $62,243 | FHA | |
| Previous Owner | $220,000 | Negative Amortization | |
| Previous Owner | $112,000 | Purchase Money Mortgage |
Source: Stellar MLS
MLS Number: A4651815
APN: 2026-07-0021
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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