Property Description:
This 3-bed, 2-bath home with 1,638 sq ft of living space sits on an 8,025 sq ft lot in Bellevue Terrace, a centrally located, in-demand Sarasota neighborhood with a mix of updated resales and older homes in transition. Built in 1957, this property is wood-frame construction and requires a full gut renovation. The mold remediation has already been completed, but there is an open roof permit, with no violations.
💡 Offered at just $193,000, it’s the lowest-priced 3/2 in the area by over $100K, despite having nearly the largest footprint. Every comp nearby has sold in the $325K–$475K range, making this a powerful value-add opportunity for the right buyer.
🛠️ Full Rehab Opportunity – Clean Slate, Big Upside
This home needs everything top to bottom — new roof (open permit), HVAC, electrical, plumbing, kitchen, baths, flooring, windows, and paint. However, its 1,638 sq ft footprint offers serious value potential when aligned with nearby sales, especially given that most comps are smaller and still fetching much higher prices. The neighborhood is stable, with strong resale demand for 3-bed homes under 1,700 sq ft.
💰 What the Market Says – Nearby Listings & Sales
Active Listings Nearby
🔵 3169 Bellevue St – 1,682 sf / 3 bed / 2 bath — Listed $439,500 ($261/sf)
🟢 3193 Bellevue St – 1,450 sf / 3 bed / 2 bath — Pending at $475,000 ($328/sf)
Recently Sold
🔴 3015 Irving St – 1,321 sf / 3 bed / 2 bath — Closed $365,000 ($276/sf)
🔴 3135 Alta Vista St – 1,502 sf / 3 bed / 3 bath — Closed $325,000 ($216/sf)
🔴 2966 Browning St – 1,749 sf / 4 bed / 3 bath — Closed $530,000 ($303/sf)
➡️ This is a rare opportunity to enter Sarasota for under $200K with comps showing consistent demand in the $350K+ range. Yes, it’s a frame house, but with a thoughtful renovation and tight budget control, there’s real margin here, especially for experienced operators who know how to optimize resale in established infill neighborhoods like this.