SARASOTA, FL 34234 1335 40TH STREET

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Presented By: PREFERRED SHORE LLC with 941-999-1179. - 941-999-1179
  • MLS# A4688091
  • 04/16/2026
  • Request Tour
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Disclaimer: The information contained in this listing has not been verified by Homepride Group at EXP Realty and should be verified by the buyer.
  • Beds • 6
  • Baths • 6
  • SQFT • 4,188

Home Details

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.
Presented By: PREFERRED SHORE LLC with 941-999-1179. - 941-999-1179

Interior Features for 1335 40TH STREET

Bedrooms

Total Bedrooms6

Bathrooms

Half Baths0
Total Baths6

Other Interior Features

LivingAreaSourceEstimated
Air Conditioning Y/NYes
Fireplace FeaturesFamily Room
Fireplace Y/NYes
FlooringOther, Tile
Furnished Y/NNegotiable
Heating Y/NYes
Interior AmenitiesCeiling 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 FeaturesCommon Area, Laundry Room
Window FeaturesWindow Treatments

General for 1335 40TH STREET

Additional Parcels Description0026 12 0090, 0026 12 0054
Additional Parcels Y/NYes
Additional RoomsBonus Room, Family Room, Garage Apartment, Interior In-Law Suite w/Private Entry, Storage Rooms
AppliancesCooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Other, Range, Refrigerator, Washer
Architectural StyleOther
Building Area UnitsSquare Feet
Carport Y/NNo
CitySARASOTA
Construction MaterialsBlock
CoolingCentral Air
CountySarasota
DirectionsDriving 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.
DockY/NNo
Elementary SchoolTuttle Elementary
Facing DirectionSouth
Flood Zone CodeAE
Full Baths6
Garage Y/NNo
HeatingElectric
High SchoolBooker High
Land Lease Y/NNo
Lease Considered Y/NYes
Legal DescriptionLOTS 4, 5, 18 & 19, BLK G, PALM GROVE
LevelsMulti/Split
Listing TermsCash
Living Area UnitsSquare Feet
Lot Size Square Feet25771
Lot Size UnitsSquare Feet
MLS Area34234 - Sarasota
Middle/Junior High SchoolBooker Middle
Minimum Lease1 Week
New ConstructionNo
Occupancy TypeTenant
Other StructuresAdditional Single Family Home, Guest House, Shed(s), Storage
OwnershipFee Simple
Patio/Porch FeaturesCovered, Deck, Other, Screened, Side Porch
Property SubtypeSingle Family Residence
Property TypeResidential
RoofMembrane, Other, Shingle
STELLAR_InLawSuiteDescrip2+ Bathrooms, 2+ Bedrooms, Detached (ADU), Private Entrance
STELLAR_InLawSuiteYNYes
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NamePALM GROVE
Tax Annual Amount4473
Tax Lot1
Tax Year2025
Total Rooms3
UtilitiesCable Connected, Electricity Connected, Sewer Connected, Water Connected
ViewTrees/Woods
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1930
ZoningRSF3

Exterior for 1335 40TH STREET

Building Area Total4555
Exterior AmenitiesOutdoor Shower, Storage
Foundation DetailsSlab
Lot FeaturesDrainage Canal, City Lot, Landscaped, Oversized Lot
Lot Size Acres0.59
Lot Size Area25771
Number of Lots3
Private PoolNo
Road Frontage TypeStreet Paved
Road Surface TypePaved, Asphalt
VegetationOak Trees, Trees/Landscaped
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Steven Pugh

Broker Associate | Team Leader
Price $949,000
MLS#A4688091
List Date 04/16/2026
Property Type Single Family
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