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1504 Cocoanut Ave, Sarasota, FL, 34236

3beds
1baths
1,072sqft
$555,000
$518price/sqft
$4,185/moest. monthly cost
$167,400/yrincome needed

About This Home

Beautiful Double Lot Near Downtown Sarasota and The Bay. Prime opportunity for future land development north of downtown Sarasota and The Bay. The value lies in the spacious double lot, nestled in a highly desirable residential neighborhood close to the international airport, Bayfront, and vibrant downtown Sarasota, close to top-rated restaurants, bars, and boutique shops. Enjoy easy access to the public boat ramp on 10th Street, offering a direct route to the Gulf of Mexico for boating and water recreation. Schematic plans and renderings for two homes, each 2500sqft illustrating what can potentially be built on 1504 Cocoanut Ave. should the buyer choose to subdivide the lot. Just a few blocks away, the renowned Ringling College of Art and Design adds to the neighborhood’s prestige. This property is ideal for a two-family home site, a strong investment opportunity in one of Sarasota’s most sought-after areas. The existing home currently generates rental income with a tenant in place. Survey available upon request.

Getting Around

68
WalkingSomewhat Walkable
36
TransitSome Transit
71
BikeVery Bikeable

Schools

2/10
Gocio Elementary SchoolGrades PK-52.9 mi
5/10
Booker Middle SchoolGrades 6-81.7 mi
7/10
Riverview High SchoolGrades PK,9-125.0 mi

Construction

Condition

  • Year built: 1951

Materials

  • Foundation: Crawlspace,Other
  • Roof: Shingle
  • Construction materials: Asbestos

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Range,Refrigerator,Washer
  • Laundry features: In Garage

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Level: First
  • Area: 108
  • Dimensions: 9x12

Features

  • Living Room/Dining Room Combo
  • Flooring: Tile,Hardwood

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,115
  • Total interior livable area: 1,072 sqft

Kitchen

  • Level: First
  • Area: 144
  • Dimensions: 12x12

Living Room

  • Level: First
  • Area: 225
  • Dimensions: 15x15

Primary Bedroom

  • Features: Built-in Closet
  • Level: First
  • Area: 132
  • Dimensions: 12x11

Property

Details

  • Parcel number: 2025040030
  • Zoning: RSF4
  • Special condition: None

Features

  • Levels: One
  • Stories: 1
  • Exterior features: Other,Private Mailbox,Sidewalk

Lot

  • Lot size: 0.28 Acres
  • Lot size dimensions: 103 x 116

Parking

  • Total spaces: 1
  • Parking features: Garage - Attached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered 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
    HurricaneVery High
  • Lightning
    LightningVery High
  • Coastal Flooding
    Coastal FloodingModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Coastal Flooding
Heat Wave
Inland Flooding
Strong Wind
Tornado
Tsunami

FEMA Declared Disasters in Sarasota County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

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

MonthlyAnnual
Mortgage $2,806$33,672
Home Insurance *$379$4,548
Property Taxes $803$9,636
Electricity $197$2,366
Total$4,185$50,220
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$143,485/yr
40% on housing$125,550/yr
45% on housing$111,600/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

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.

Insurance Growth Rate5-year average: 15.0%
15.0%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 6.6%
6.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$518This listing

vs Other Active Listings

Avg $/sqft

ZIP 34236$1,065
Sarasota County$346

vs Homes Sold Last Month

Median $/sqft

ZIP 34236$896
Sarasota County$245

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

DateEventPrice
2026-02-23Price change$555,000
2025-10-23Listed for sale$550,000
2025-08-06Listing removed$550,000
2025-03-19Price change$550,000
2025-02-14Price change$580,000
2024-02-13Listed for sale$605,000
2013-11-22Listing removed$165,000
2013-11-11Listed for sale$165,000
2011-11-08Listing removed$1,050
2011-10-21Price change$1,050
2011-10-08Listed for rent$1,150
2011-08-02Sold$120,000
1996-09-13Sold$25,000

For Sale by Agent

AgentEste Lennox
BrokerageROSEBAY INTERNATIONAL REALTY, INC

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