$1,000,000
2932 Lexington Street
Sarasota, FL 34231
Listing updated: May 20, 2026 at 11:42 AM ET
Listing courtesy of Frakes Realty · Derek Frakes · MLS #O6398095 · Active · 508-717-2752Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Garage spaces
Flood zone
About this home
Welcome to this stunning income producing home located minutes to Sarasota's most desirable attractions such as Siesta Key Beach, Selby Gardens, Downtown Sarasota, Longboat Key, and University Town Center Mall. This home consists of 3 income producing units or make it your very own primary residence or vacation dream home. With 3 separate entry ways you can rent two and occupy one or join all 3 together to make it a luxurious family home. Can be sold as a package deal with #06399746,#06399737, #06399693, #06399686
Local Insight
This 1978 triplex in AE flood zone is priced aggressively at $250/sqft, which means you're betting on either strong rental income from three separate units or a future teardown/redevelopment play on a tight 0.35-acre lot—either way, factor in mandatory flood insurance costs and verify the actual rental history and lease terms before committing. The private pool is nice amenity but won't move the needle much on the investment thesis, so the real question is whether the per-unit economics work for a landlord or if land value in Colonial Terrace justifies the premium over single-family comps in the area. No HOA is a plus, but that AE designation means elevated flood risk that will affect both insurability and resale appeal.
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 history40 days on market
- Status: ActiveApr 10, 2026
- Listed$1,200,000Apr 10, 2026
- Price reduced$1,000,000
Facts & features
- Property type
- Residential Income
- Sub type
- Triplex
- Status
- Active
- Days on market
- 40
- Subdivision
- Colonial Terrace
- County
- Sarasota
- Year built
- 1978
- Living area
- 4,005 sq ft
- Price/sq ft
- $250
- Lot size
- 15,377 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- AE
- Garage
- 2 spaces
- Pool
- Private pool
- Annual taxes
- $9,282 (2025)
- Parcel #
- 0101040024
- Zoning
- RSF3
- MLS #
- O6398095
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Interior Details
- Bedrooms
- 0
- Interior features
- Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Split Bedroom, Thermostat, Walk-In Closet(s)
- Laundry
- Electric Dryer Hookup, Inside
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
Parking
- Garage spaces
- 2
- Attached garage
- Yes
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Listing terms
- Cash, Conventional
- Ownership
- Fee Simple
Exterior & Construction
- Exterior features
- Fence, Outdoor Grill, Outdoor Shower
- Construction materials
- Block
- Roof
- Shingle
- Foundation
- Slab
- Pool
- Private pool
- Road surface
- Asphalt, Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Electricity Connected
Listing Details
- Listing date
- 2026-04-10
- On market date
- 2026-04-10
- Original list price
- $1,200,000
- MLS area
- 34231 - Sarasota/Gulf Gate Branch
- Listing AOR
- Orlando Regional
- Status changed
- 2026-04-10
- Tax legal description
- LOTS 6 & 7 BLK D COLONIAL TERRACE
Flood risk
FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
Clark Rd to left on Colonial Dr to left on Lexington
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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 11:42 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.
All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.
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