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Located in the dynamic Rosemary District, 420 Kumquat Court presents a compelling opportunity for investors and developers seeking position and flexibility in a downtown growth corridor. The property includes an existing triplex generating more than $5,000 per month in potential rental income, offering immediate cash flow while future development plans are evaluated. Zoned Downtown Edge (DTE), the site allows for residential, commercial or mixed-use development. The property is adjacent to Villa Ballada, a newly constructed five-story mixed use condominium featuring 24 residences, reinforcing the area's continued investment and redevelopment momentum. An additional opportunity exists with the neighboring parcel to the south currently available. With a combined acquisition cost of $3,220,000, this option presents the potential for increased density, with the possibility to develop up to 24 residential units, subject to municipal approvals. The seller can also transfer plans for a seven-unit condominium project designed by award-winning Halflants + Pichette, providing a ready framework for development. Positioned within approximately six blocks of more than 60 restaurants, Sarasota Farmers Market, Sarasota Bayfront, Whole Foods Market and Sarasota's arts and theater district, the location supports strong walkability and long-term demand. The Bay Park, a 53-acre waterfront park, is approximately four blocks away, with additional access to Payne Park and Legacy Trail. Connectivity is enhanced by the Bay Runner Trolley, offering service from downtown to St. Armands Circle and Lido Beach. This offering combines current income with future development potential in one of Sarasota's most active urban districts.
| DAYS ON MARKET | 21 | LAST UPDATED | 4/13/2026 |
|---|---|---|---|
| TRACT | ROSEMARY DISTRICT | YEAR BUILT | 1981 |
| COMMUNITY | 34236 - Sarasota | COUNTY | Sarasota |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Alta Vista Elementary |
|---|---|
| Jr. High School | Booker Middle |
| High School | Booker High |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Electric Water Heater, Freezer, Microwave, Range, Refrigerator |
| AREA | 34236 - Sarasota |
| CONSTRUCTION | Stucco |
| EXTERIOR | Lighting |
| HEAT | Electric |
| INTERIOR | Vaulted Ceiling(s), Walk-In Closet(s) |
| LOT | 6098 sq ft |
| LOT DESCRIPTION | Paved |
| PARKING | Driveway, Open |
| POOL | Yes |
| POOL DESCRIPTION | Screen Enclosure |
| SEWER | Public Sewer |
| STORIES | 3+ |
| SUBDIVISION | ROSEMARY DISTRICT |
| TAXES | 7860 |
| UTILITIES | Cable Available, Electricity Connected, Sewer Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Trees/Woods |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
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Listing provided by Frank Lambert, PREMIER SOTHEBY'S INTERNATIONAL REALTY, 941-364-4000
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 4/28/26 5:00 PM PDT.
This IDX solution is (c) Diverse Solutions 2026.
