$480,000
2415 Pelican Drive
Sarasota, FL 34237
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Charming 1950s Florida Ranch-Style Home with Separate One-Bedroom Apartment in Sought-After Terrace Gardens! Don’t miss this rare opportunity to own a classic mid-century Florida ranch home in the desirable Terrace Gardens community. Situated on an expansive corner lot, this single-family residence offers exceptional flexibility, income potential, and future development possibilities. The main home features 2 bedrooms and 1 bath, showcasing original wood floors in the bedrooms, generously sized closets, and a delightful lanai-style sitting room perfect for relaxing. A beautifully carved-out one-bedroom, one-bath apartment provides a private space ideal for guests, extended family, or rental income—both units are currently rented. Whether you're looking to generate income immediately or envision building your dream home in a neighborhood filled with new construction, this property offers endless possibilities. Enjoy the unbeatable 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.
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 history279 days on market
- Status: ActiveAug 13, 2025
- Listed$598,000Aug 12, 2025
- Price reduced$480,000
Virtual Tour
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Active
- Days on market
- 279
- 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 #
- A4659633
Interior Details
- Bedrooms
- 3
- Full bathrooms
- 2
- Flooring
- Wood
- Appliances
- Dryer, Range, Refrigerator, Washer
- Interior features
- Eat-in Kitchen, Thermostat
- Laundry
- Outside
- Stories / Levels
- One
- Direction faces
- North
Heating & Cooling
- Heating
- Electric
- Cooling
- Central Air
Parking
- Carport
- Yes
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Min lease term
- No Minimum
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- Yes
- Additional lease restrictions
- Per City Limit Guidelines
Exterior & Construction
- Exterior features
- Rain Gutters
- Construction materials
- Frame
- Roof
- Shingle
- Foundation
- Crawlspace
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Cable Connected, Electricity Connected, Sewer Connected, Water Connected
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.
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Den | First | 8x11.5 |
| Living Room | First | 16x13.5 |
| Kitchen | First | 14x11 |
| Balcony/Porch/Lanai | First | 16x11 |
| Primary Bedroom | First | 14x14 |
| Bedroom 2 | First | 11x10.5 |
| Bedroom 3 | First | 12x16 |
| Kitchen | First | 7x6 |
| Balcony/Porch/Lanai | First | 11x11 |
Listing Details
- Listing date
- 2025-08-12
- On market date
- 2025-08-12
- Original list price
- $598,000
- Occupant type
- Tenant
- MLS area
- 34237 - Sarasota
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2025-08-13
- 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
Ringling Blvd. to S Shade TURN onto S Shade and Pelican will come up on your Left. Turn LEFT and property is on the corner.
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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 12:25 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.
Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA