$210,000
12142 Margarita Avenue
North Port, FL 34287
Listing updated: May 20, 2026 at 9:10 AM ET
Listing courtesy of All Seasons Realty Llc · Marina Yanovskiy · MLS #A4662243 · Active · 941-244-3491Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Price Improvement! Priced to Sell – AS-IS! Investor Alert! Rare Opportunity! Warm Mineral Springs Triplex! Excellent investment opportunity in the desirable Warm Mineral Springs area! This well-located triplex is NOT in a flood zone and offers strong income potential with value-add upside. Recent updates include: • Water filtration system installed (2024) • Garage roof replaced (2022) • Unit B freshly painted and updated (2025) • Unit C updated (2023) • Unit A requires complete renovation or possible tear-down Perfect for investors, renovators, or buyers seeking a buy-and-hold property with future upside potential. Add value over time while generating rental income. Rare opportunity — priced to sell AS-IS!
Local Insight
At $133/sqft for a 1955 triplex, you're getting solid per-square-foot pricing in North Port, but the lack of bedroom/bathroom specs is a major red flag—you'd need to verify the actual unit configuration before moving forward, since older triplexes often have unconventional layouts that affect rentability and resale. The X500 flood zone designation means this property sits outside the FEMA flood zone but still warrants flood insurance research given North Port's hurricane exposure and the age of the structure. This works as a potential investor play if the units are truly rentable, but the missing bed/bath data and 1955 construction date mean thorough inspection costs are non-negotiable before closing.
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 history264 days on market
- Status: ActiveMay 11, 2026
- Listed$245,000Aug 16, 2025
- Price reduced$210,000
Facts & features
- Property type
- Residential Income
- Sub type
- Triplex
- Status
- Active
- Days on market
- 264
- Subdivision
- Warm Mineral Spgs
- County
- Sarasota
- Year built
- 1955
- Living area
- 1,581 sq ft
- Price/sq ft
- $133
- Building area
- 1,767 sq ft (Appraiser)
- Lot size
- 9,600 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- X500 (12115C0370G)
- Annual taxes
- $2,641 (2024)
- Parcel #
- 0769030066
- Zoning
- RSF3
- MLS #
- A4662243
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Interior Details
- Bedrooms
- 0
- Appliances
- Microwave, Range
- Interior features
- Ceiling Fans(s)
- Laundry
- None, Other
- Stories / Levels
- One
Heating & Cooling
- Heating
- Electric, Ductless
- Cooling
- Wall/Window Unit(s)
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Listing terms
- Cash
- Ownership
- Fee Simple
Exterior & Construction
- Exterior features
- Lighting
- Construction materials
- Block, Stucco, Frame
- Roof
- Shingle
- Foundation
- Slab
- Road surface
- Asphalt
Utilities
- Sewer
- Septic Tank
- Water source
- Private
- Utilities
- Electricity Connected
Listing Details
- Listing date
- 2025-08-15
- On market date
- 2025-08-16
- Original list price
- $245,000
- Occupant type
- Tenant
- MLS area
- 34287 - North Port/Venice
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-05-11
- Tax legal description
- LOTS 7 & 8 BLK C WARM MINERAL SPRINGS UNIT 52
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
FROM 41 TO DE LEON DR. TO MARGARITA AVE.
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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 20, 2026 at 9:10 AM 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