Homes for sale - 2116 PALM TER, Sarasota, FL 34231

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Stephen Michalakos

propertiesbystephen@gmail.com +1(727) 601-8676

$ 559,000

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Price Dropped by $10K

2116 PALM TER Sarasota, FL 34231

1,159 SqFt

UPDATED:

11/26/2024 09:40 PM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,159 sqft

Price per Sqft $482

Subdivision Harbor Oaks

MLS Listing ID A4623939

HOA Y/N No

Originating Board Stellar MLS

Year Built 1950

Annual Tax Amount $1,057

Lot Size 10,018 Sqft

Acres 0.23

Property Description

*Price Improvement, Seller Motivated!* This home remained unaffected by recent storms, with all surrounding debris promptly removed. The exterior and decks have been professionally power washed, ensuring a clean, fresh look that’s ready for new owners to enjoy! Discover an exceptional multi-family duplex located in the heart of Sarasota, with a recent sale of a multifamily home on the same street, this property is attractively priced for the neighborhood, offering a unique opportunity to invest in a highly desirable area with proven market interest. This property is ideally situated on a peaceful two-lane cul-de-sac, featuring beautiful county maintained treed green space, making it perfect for both multi-family living and as a family home with a separate private entrance mother-in-law apartment. This duplex boasts numerous features including central air and heat, a new roof installed in 2021, PVC plumbing, and separate electric meters with upgraded panels. This property presents a remarkable investment opportunity with cap rate that is expected to improve in this high-demand rental neighborhood. The duplex features two distinct units. Unit 1 is a spacious 2 bedroom, showcasing natural red oak floors, Hunter Douglas Cellular Tech shades, and an updated bath complete with floor-to-ceiling porcelain tile, an Italian hand-painted pedestal sink, matching bidet, and a luxurious jetted tub. A discreet laundry closet is conveniently located opposite the bath. The designer chef’s kitchen features high-end stainless steel appliances, butcher block counters, and dramatic porcelain flooring, complemented by an adjacent pantry for added efficiency. Unit 2, a cozy 1 bedroom, feels larger due to its open design and large windows offering lush tropical views. This unit includes a separate driveway and private gated entry, along with a secluded outdoor patio. It features laminate flooring in the main room, floor-to-ceiling ceramic tile in the bath, and high-quality carpet in the bedroom, complete with an jetted tub. The utility lines are all underground, eliminating any overhead wire! Upgraded windows enhance both efficiency and aesthetics. The meticulously landscaped grounds are adorned with mature trees that provide luxurious shade and complete privacy thanks to the fenced yard. Additional outdoor amenities include photovoltaic lighting and separate driveways for generous off-street parking, along with a permitted 100 sq. ft. workshop/storage building with electric. Don’t miss this incredible opportunity to own a beautifully maintained multi-family property in a thriving neighborhood—schedule a showing today!

Location

State FL

County Sarasota

Community Harbor Oaks

Zoning RSF3

Interior

Interior Features Ceiling Fans(s), L Dining, Primary Bedroom Main Floor, Thermostat

Heating Central

Cooling Central Air

Flooring Carpet, Laminate, Tile, Wood

Furnishings Unfurnished

Fireplace false

Appliance Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Ice Maker, Range, Range Hood, Refrigerator, Washer

Laundry Laundry Closet

Exterior

Exterior Feature Fence, Garden, Lighting, Private Mailbox, Rain Gutters, Storage

Parking Features Driveway, Ground Level, Off Street, Oversized, Parking Pad

Utilities Available Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected

View Garden, Trees/Woods

Roof Type Shingle

Porch Deck, Patio

Garage false

Private Pool No

Building

Lot Description Cul-De-Sac, Landscaped, Level, Street Dead-End, Paved

Entry Level One

Foundation Crawlspace

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding,Wood Frame

New Construction false

Schools

Elementary Schools Phillippi Shores Elementary

Middle Schools Brookside Middle

High Schools Riverview High

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Special Listing Condition None

Listed by SHOWTIME REALTY

Stephen Michalakos

Senior Real Estate Advisor | License ID: SL3408427

+1(727) 601-8676

Stephen Michalakos

2116 PALM TER Sarasota, FL 34231

Key Details

Location

Interior

Exterior

Building

Schools

Others

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2116 PALM TER