$480,000
2415 Pelican Drive
Sarasota, FL 34237
Listing updated: May 18, 2026 at 12:24 PM ET
Listing courtesy of Coldwell Banker Realty · Ingrid Caruso · MLS #A4650716 · Active · 941-349-4411Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Charming 1950s Florida Ranch-Style Duplex in Sought-After Terrace Gardens! Don't miss this rare opportunity to own a classic mid-century Florida ranch home, smartly divided into two separate units in the desirable Terrace Gardens community. Situated on an expansive corner lot, this property offers flexibility, income potential, and future development possibilities. Unit 2415 features 2 bedrooms and 1 bath, while Unit 2417 offers 1 bedroom and 1 bath—both currently rented. Inside, you'll find original wood floors in the bedrooms, generously sized closets, and a delightful lanai-style sitting room perfect for relaxing. Whether you're looking to generate rental income right away or dreaming of building your own custom home in a growing neighborhood filled with new construction, this property offers many options. Enjoy the lifestyle that comes with this prime location: bike the nearby Legacy Trail, explore downtown’s vibrant restaurants and cultural scene, play at Payne Park, or spend the day at the beach—all just minutes away.
Local Insight
At $321/sqft for a 1950 duplex in Terrace Gardens, you're getting solid value compared to single-family homes in this price range, especially with no HOA fees to worry about—though you'll want a detailed inspection since the age and duplex structure mean shared walls and potentially divided systems that could get expensive. The X500 flood zone is a major plus for financing and insurance costs, but the real question is whether you're buying this as owner-occupied or investment income property, since duplex rental dynamics in Sarasota vary significantly by neighborhood and tenant type. Location-wise, you're in an established older area with decent school access, but expect a smaller lot and older infrastructure compared to newer developments—walkability and proximity to amenities matter here more than square footage.
AI-generated insight based on listing data and neighborhood context. Verify independently.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history383 days on market
- Status: ActiveApr 30, 2025
- Listed$598,000Apr 30, 2025
- Price reduced$480,000
Facts & features
- Property type
- Residential Income
- Sub type
- Duplex
- Status
- Active
- Days on market
- 383
- Subdivision
- Terrace Gardens
- County
- Sarasota
- Year built
- 1950
- Living area
- 1,494 sq ft
- Price/sq ft
- $321
- Building area
- 2,188 sq ft (Public Records)
- Lot size
- 10,200 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- X500
- Annual taxes
- $4,460 (2024)
- Parcel #
- 2029100071
- Zoning
- RSF3
- MLS #
- A4650716
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Interior Details
- Bedrooms
- 3
- Appliances
- Cooktop, Dishwasher, Dryer, Electric Water Heater, Range, Refrigerator, Washer
- Interior features
- Built-in Features
- Laundry
- Outside
Heating & Cooling
- Heating
- Central, Electric, Ductless
- Cooling
- Central Air
Parking
- Parking features
- Covered, Curb Parking, Driveway
- Carport
- Yes
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Min lease term
- 1 Week
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- Yes
Exterior & Construction
- Exterior features
- Rain Gutters, Sidewalk
- Construction materials
- Frame, Wood Siding
- Roof
- Shingle
- Foundation
- Crawlspace, Pillar/Post/Pier
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
Community
- Pets allowed
- Yes
Schools
Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.
Listing Details
- Listing date
- 2025-04-29
- On market date
- 2025-04-30
- Original list price
- $598,000
- Occupant type
- Tenant
- MLS area
- 34237 - Sarasota
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2025-04-30
- Tax legal description
- LOT 10 BLK B TERRACE GARDENS
Flood risk
Moderate-risk area (0.2% annual-chance / “500-year” floodplain). Flood insurance is recommended but usually not required.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
Corner of Shade and Pelican. One block SOUTH of Ringling Blvd.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of May 18, 2026 at 12:24 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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