1335 40th St

Sarasota, FL 34234

$949,000
Price
6
Beds
4,188 Sq. Ft.
$227 / Sq. Ft.
4,188
Sq. Ft.
$227
per Sq. Ft.
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Pending
Pending
a house with a yard and potted plants
a bedroom with a bed a chandelier and flat screen tv
a bed room with a bed and a couch
a kitchen with stainless steel appliances granite countertop a stove top oven a sink dishwasher and white cabinets with wooden floor
a kitchen with stainless steel appliances granite countertop a refrigerator a microwave a sink and a stove
a bathroom with a double vanity sink toilet and a tub
a chair and a table in a balcony
a kitchen with stainless steel appliances granite countertop a stove top oven a sink a dining table and chairs with wooden floor
a kitchen with stainless steel appliances granite countertop a refrigerator a stove a sink and a microwave
a view of a livingroom with furniture and a workspace
a bedroom with a bed and wooden floor
a bathroom with a toilet and shower curtain
a bathroom with a sink a toilet and a mirror
a view of a dinning table and chairs in patio of the house
a balcony with wooden floor and outdoor seating
a living room with furniture and a large window
a living room with furniture and a window
a view of a dining room with furniture window and wooden floor
a kitchen that has a sink and a stove in it
a bathroom with a sink toilet and shower
a bedroom with bed and windows
a bed room with a bed and a chair
a view of a entryway door of the house
a view of a dining room with furniture window and wooden floor
a kitchen with stainless steel appliances granite countertop lots of counter space and wooden floors
a living room with furniture and a flat screen tv
a living room with furniture and a flat screen tv
a living room with furniture and a table
a bedroom with a bed and a wooden floor
a bathroom with a sink a toilet a mirror a vanity and shower
a view of a living room and kitchen floor
a living room with fireplace furniture and a wooden floor
a kitchen with a stove a sink and a refrigerator
a room with furniture and a flat screen tv
a view of an empty room with wooden floor and a window
a view of a house with a yard and garage
a view of a porch with furniture and a grill
a outdoor space with patio lots of furniture
a front view of a house with a yard and garage
a view of a balcony with furniture
a view of outdoor space with trees
a view of backyard of house with green space
a view of a back yard with patio
a backyard of a house with lots of green space
a front view of a house with a garden
a view of outdoor space with city view
a front view of a house with a yard covered with snow and trees

Description

Under contract-accepting backup offers. 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...Under contract-accepting backup offers. 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.
  1. Listed by Jeremy Egglefield • Brokerage DRE #1047042 • PREFERRED SHORE LLC
    P: (941)-809-9200 C: (941)-809-9200 jeremysellssrq@gmail.com

Property Details for 1335 40th Street

Architectural Style
Other
Subdivision Name
PALM GROVE
Township
36
View
Trees/Woods
Waterfront
No
Furnished
Negotiable
LISTING UPDATED: 05/02/2026 03:14 PM

Property Details for 1335 40th Street

StatusPending
MLS #A4688091
Days on Market16
Taxes$4,473 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1930
Lot Size0.59 AC / 25,771 SF
CountySarasota County
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Location

Listing Courtesy of PREFERRED SHORE LLC, Jeremy Egglefield
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Building Information for 1335 40th Street

Stories-Year Built1930Building Size-Lot Size0.59 AC / 25,771 SF

Payment Calculator

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$5,102 per month

30 year fixed, 6.36% Interest

Principal and Interest

$4,729

Property Taxes

$373

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1335 40th Street

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 4555.0
  • Building Area Units: Square Feet
  • Direction Faces: South
  • Directions: Driving North on US 41 from Downtown Sarasota Turn Right on Myrtle st, Turn Left on Central Ave, Turn Left on 40th st., Property is on the right.
  • Elementary School: Tuttle Elementary
  • Middle Or Junior School: Booker Middle
  • High School: Booker High
  • Mls Major Change Type: Pending
  • Major Change Type: Pending
  • Listing Service: Full Service
  • Road Frontage Type: Street Paved
  • Senior Community: No
  • SW Subdiv Community Name: Palm Grove
  • Unit Number: No
  • Street Number: 1335
  • Street Name: 40TH
  • Street Suffix: STREET
  • State: FL
  • City: SARASOTA
Parking
  • Carport: No
  • Garage: No
Taxes and HOA Information
  • Association Approval Required: No
  • Association: No
  • CDD: No
  • Tax Block: 1
  • Tax Book Number: 1-69
  • Tax Legal Description: LOTS 4, 5, 18 & 19, BLK G, PALM GROVE
  • Tax Lot: 1
  • Tax Year: 2025
Virtual Tour
Property
Lot Information
  • Additional Parcels Description: 0026 12 0090, 0026 12 0054
  • Additional Parcels: Yes
  • Lot Features: Drainage Canal, City Lot, Landscaped, Oversized Lot
  • Parcel Number: 0026120058
  • Total Acreage: 1/2 to less than 1
  • Water Access: No
  • Water Extras: No
  • Zoning: RSF3
  • Living Area: 4188
Property and Assessments
  • Year Built Numeric: 1930
  • Flood Zone Code: AE
  • Flood Zone Date: 03-27-2024
  • Flood Zone Panel: 12115C0131G
  • Homestead: No
  • New Construction: No
  • Number Of Lots: 3
  • Public Survey Range: 18
  • Public Survey Section: 07
  • Dock YN: No
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block
  • Exterior Features: Outdoor Shower, Storage
  • Foundation Details: Slab
  • Levels: Multi/Split
  • Other Structures: Additional Single Family Home, Guest House, Shed(s), Storage
  • Patio And Porch Features: Covered, Deck, Other, Screened, Side Porch
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Membrane, Other, Shingle
  • Vegetation: Oak Trees, Trees/Landscaped
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 6
  • Bathrooms Full: 6
  • Additional Rooms: Bonus Room, Family Room, Garage Apartment, Interior In-Law Suite w/Private Entry, Storage Rooms
  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Other, Range, Refrigerator, Washer
  • Cooling: Central Air
  • Fireplace Features: Family Room
  • Fireplace: Yes
  • Flooring: Other, Tile
  • Heating: Electric
  • Interior Features: Ceiling Fan(s), Eating Space In Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Split Bedroom, Thermostat, Window Treatments
  • Laundry Features: Common Area, Laundry Room
  • Living Area Source: Estimated
  • Living Area Units: Square Feet
  • Room Count: 3.0
  • Water View: No
  • Window Features: Window Treatments
  • Bathrooms Half: 0

Property History for 1335 40th Street

DateEvent & SourcePriceAppreciation
May 2, 2026

Pending

MFRMLS #A4688091

—
Apr 16, 2026

Listed (Active)

MFRMLS #A4688091

$949,000—
Jun 18, 2012

Sold

MFRMLS #A3954830

$120,000—
DateEvent & SourcePrice
05/02/2026

Pending

MFRMLS #A4688091

—
04/16/2026

Listed (Active)

MFRMLS #A4688091

$949,000
06/18/2012

Sold

MFRMLS #A3954830

$120,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1335 40th Street

Taxable ValueLand$173,700Additions$81,200Total$254,900
Tax Record2025$3,793 ($316 / month)
Home Facts
Baths5Total Finished SqFt2,439 SqFtAbove Grade Finished SqFt2,439 SqFtStories1Lot Size25,771 SqFtStyleMulti-Family Dwelling (2-4)Year Built1930Year Renovated1980ZoningRSF3CountySARASOTAAPN0026-12-0058Fireplace TypeHas Fireplace

Schools near 1335 40th Street

This home is within Sarasota.
Rating
School
Type
Grades
Distance
Tuttle Elementary School
Public - PK to 5
Booker Middle School
Public - 6 to 8
Booker High School
Public - 9 to 12
Bay Haven School Of Basics Plus
Public - K to 5
Rating
School
Distance
Tuttle Elementary School
PublicPK to 5

Booker Middle School
Public6 to 8

Booker High School
Public9 to 12

Bay Haven School Of Basics Plus
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of PREFERRED SHORE LLC, Jeremy Egglefield

The information is being provided in part by Southwest Florida Multiple Listing Service, Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2, and MarcoMls. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 Southwest Florida Multiple Listing Service and MarcoMls. All Rights Reserved. The data relating to real estate for sale displayed on this website comes in part from the Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2 and MarcoMls. Properties listed with brokerage firms other than Compass are marked with the "BR House" logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Naples MLS BR Program, or contained in the database compilation of Naples MLS.