FL
Sarasota
SARASOTA
34234
1335 40TH STREET
1335 40TH STREET, SARASOTA, FL 34234
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Listing Type
Single Family
Listing Status
Active
50
$949,000

Home Details for 1335 40TH STREET

Price
$949,000
Type
Residential
Bedrooms
6
Total Bathrooms
6
Full Bathrooms
6
Square feet
4188
Year built
1930
Lot size acres
0.59
County
Sarasota
Total rooms
3
Days on site
14
MLS Listing#
A4688091
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 Features
  • Utilities
    • Cable Available
    • Cable Connected
    • Electricity Connected
    • Sewer Connected
    • Water Connected
  • Cooling Information
    • Central Air
  • Heating Information
    • Electric
  • Water Features
    • Public
  • House Interior
    • Eat-in Kitchen
  • Fire Place
    • Family Room
School Information
School Information for 1335 40TH STREET, SARASOTA, FL 34234
Elementary School
Tuttle Elementary
Middle School
Booker Middle
High School
Booker High
Listing Courtesy: PREFERRED SHORE LLC - 941-999-1179
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2026 MLS GRID. All Rights Reserved.
Last Updated: 2026-04-27 16:01:39
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EXIT COMPASS REALTY
19700 Cochran Blvd Ste C, Port Charlotte, FL 33948
Anita Wood
License #: SL3354335
Sales Representative
Office
941 889 7299
Agent
941 916 8770
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