2818 OLYMPIC STREET, Sarasota, FL, 34231
About This Home
FULLY RENOVATED TWO-HOME COMPOUND JUST MINUTES FROM SIESTA KEY BEACH! Welcome to a rare Sarasota opportunity: TWO separate residences on one oversized 0.37-acre lot, completely renovated from top to bottom and ready for its next chapter - whether that's a thriving short-term rental business, multi-generational living, or your family's primary home near the #1 beach in America. The spacious main house offers a bright, open layout with brand-new finishes throughout - new flooring, fully updated kitchen and bathrooms, fresh interior and exterior paint, and modern fixtures that give the home a clean, coastal-contemporary feel. The detached guest house features its own private entrance, full kitchen and bathroom, making it ideal for Airbnb income, visiting family, an in-law suite, or a private home office. Live in one and let the other pay your mortgage! Tucked at the end of a quiet dead-end street, you'll enjoy privacy and space with NO HOA and NO CDD - short-term rentals welcome under county zoning (buyer to verify). All of this just minutes from the powdery quartz sand of Siesta Key Beach, with Gulf Gate's shops and restaurants, Riverview High School, Costco, and downtown Sarasota's arts and dining scene a short drive away. Turn-key, income-producing potential in one of Florida's most in-demand vacation markets - opportunities like this don't last. Schedule your private showing today!
Getting Around
Car-Dependent
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1959
Materials
- Foundation: Slab
- Roof: Shingle
- Construction materials: Wood Frame (FSC Certified),Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Range,Refrigerator
- Laundry features: Inside
Bathroom1
- Features: No Closet
- Level: First
Bedroom1
- Features: Built-in Closet
- Level: First
Bedroom2
- Features: Built-in Closet
- Level: First
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Den
- Level: First
Dining Room
- Level: First
Features
- None
- Flooring: Laminate,Vinyl
Heating & Cooling
- Heating features: Central,Heat Pump
- Cooling features: Central Air
Interior Area
- Total structure area: 3,640
- Total interior livable area: 2,754 sqft
Kitchen
- Features: No Closet
- Level: First
Living Room
- Level: First
Primary Bathroom
- Features: No Closet
- Level: First
Primary Bedroom
- Features: Built-in Closet
- Level: First
Property
Details
- Parcel number: 0087120023
- Zoning: RSF3
- Special condition: None
Features
- Levels: One
- Stories: 1
- Exterior features: Other
- Residential vegetation: Mature Landscaping
Lot
- Lot size: 0.37 Acres
- Features: Cleared,FloodZone,In County,Landscaped,Oversized Lot,Street Dead-End
Parking
- Total spaces: 1
- Parking features: Driveway
- Covered spaces: 1
- Has uncovered spaces: Yes
- Carport: Yes
- Carport spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Sarasota County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,191 | $50,292 |
| Home Insurance * | $1,242 | $14,904 |
| Property Taxes | $1,261 | $15,132 |
| Electricity | $277 | $3,325 |
| Total | $6,971 | $83,652 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-18 | Price change | $789,000 |
| 2026-08-04 | Price change | $799,000 |
| 2026-07-22 | Price change | $829,000 |
| 2026-06-12 | Listed for sale | $849,000 |
| 2025-09-11 | Sold | $295,000 |
| 2025-08-02 | Pending sale | $449,900 |
| 2025-06-27 | Listed for sale | $449,900 |
| 2003-01-13 | Sold | $169,500 |
View on Zillow