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South Sarasota Multifamily Home for Sale

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    $359,777

    • 2 Beds
    • 2 Baths
    • 980 Sq Ft

    2029 Palm Terrace, Sarasota, FL 34231

    Income Producing Duplex located just off US41 in South Sarasota. Each unit is a 1 bedroom 1 bathroom with Vinyl Floors on both sides (left side newly replaced vinyl) and some tile. Galley style kitchens with Refrigerator and range and door to backyard. Full size bathroom with shower. Annual leases through Sept 2025 & July 2026. Combined Gross rents are $2,545/mo . Separately metered electric.

    Agent Photo

    Dane Peterson

    RELAX REALTY GROUP INC

    (941) 206-9990

    2029 Palm Terrace, Sarasota, FL 34231

Why Live in South Sarasota

South Sarasota is a beachfront neighborhood known for its cultural richness and waterfront lifestyle. Bordered by Roberts Bay and Phillippi Creek, it offers residents ample opportunities for boating and dining at waterfront restaurants on award-winning beaches. The area is celebrated for its vibrant arts scene, including the Ringling Museum of Art, the Sarasota Orchestra, and the Asolo Repertory Theatre. Homes in South Sarasota range from modern bungalows and Spanish- and Tudor-inspired ranches to multi-story traditional and Mediterranean estates, often set on well-manicured lawns with palm trees. The neighborhood's real estate varies significantly in price, with coastal properties commanding higher prices. Students attend highly rated schools such as Phillippi Shores Elementary, Brookside Middle, and Riverview High School, all offering International Baccalaureate Programs. Local attractions include Red Rock Park, Phillippi Estate Park, and the nearby Siesta Key, home to the nationally acclaimed Siesta Beach. Dining options feature long-standing favorites like Walt’s Fish Market and Phillippi Creek Oyster Bar. For shopping, residents frequent the Crossings at Siesta Key mall and grocery stores like Trader Joe’s and Publix. South Sarasota boasts a lower crime rate compared to the national average, contributing to its appeal. The neighborhood is also conveniently located, with downtown Tampa and St. Petersburg accessible in under an hour.

Home Trends in South Sarasota, FL

Housing Trends

Median Sale Price
$781,500
Median Single Family Sale Price
$980,000
Median Townhouse Sale Price
$1,562,000
Median 2 Bedroom Sale Price
$121,000
Median 1 Bedroom Sale Price
$140,000
Average Price Per Sq Ft
$546
Number of Homes for Sale
36
Last 12 months Home Sales
58
Months of Supply
7.40
Median List Price
$1,149,000
Median Change From 1st List Price
11%
Median Home Sale Price YoY Change
6%
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