Sarasota Fixer Upper Priced to Sell

This 2-bedroom, 1-bath concrete-block home has 1,012 square feet on a 7,625-square-foot lot, with a covered carport and no pool. The property is vacant and needs a full renovation including but not limited to mold remediation. Exterior pictures only but interior is a full gut.  Property needs everything but priced with plenty of room to make a profit.  We only used 2/1 comps to justify ARV.   Quick close.

Estimated Repairs Needed

• Complete professional mold remediation, remove affected materials.
• Renovate the kitchen and bathroom; replace damaged flooring, drywall, ceilings, doors, trim, fixtures, lighting, appliances, paint, and interior finishes as needed.
• Replace the roof, install HVAC, and inspect electrical, plumbing, water heater; repair or replace as needed.
• Repair the boarded window and door openings, damaged exterior finishes, seals, soffit, fascia, and carport roof-edge materials.
• Complete exterior paint, debris removal, vegetation trimming, landscaping, and general yard cleanup.

Comparable Sales

1. 2005 Gillespie Ave – 0.13 miles away; 2/1, 832 square feet; sold January 2026 for $245,000; 6,369-square-foot lot; no pool; no garage or carport; renovated down to the studs with updated roof, AC, plumbing, kitchen, flooring, and finishes. This is the strongest bed-and-bath match but is 180 square feet smaller and lacks the subject’s carport.
2. 2832 N Osprey Ave – 0.34 miles away; 3/2, 1,282 square feet; sold March 2026 for $299,250; 7,762-square-foot lot; no pool; no garage or carport; renovated block home with an updated kitchen, bathrooms, tile flooring, paint, roof, and AC. This exact-street sale has a near-identical lot but is 270 square feet larger with an extra bedroom and bathroom.
3. 1363 23rd St – 0.55 miles away; 3/1, 1,100 square feet; sold May 2026 for $270,000; 8,244-square-foot lot; no pool; no garage or carport; updated frame home with a shaker-style kitchen, stainless appliances, tile flooring, interior and exterior paint, newer AC, and a newer water heater. It has close living area, the same bath count, and a similar lot, but includes an extra bedroom and lacks the subject’s block construction and carport.
4. 1368 21st St – 0.55 miles away; 3/2, 1,286 square feet; sold April 2026 for $322,500; 5,522-square-foot lot; no pool; no garage or carport; fully remodeled frame home with a new kitchen, remodeled bathrooms, luxury vinyl flooring, doors, fixtures, paint, and fencing. This sale establishes an upper renovated bracket but is newer, larger, and superior in bedroom and bathroom count.

ARV & Rental Analysis

Estimated ARV: $250,000 to $270,000 +/-

Estimated Rent: $1,800 to $2,000 per month +/-