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$1,000,000

2932 Lexington Street

Sarasota, FL 34231

Listing updated: May 20, 2026 at 11:41 AM ET

Active

Listing courtesy of Frakes Realty · Derek Frakes · MLS #O6398108 · Active · 508-717-2752

Beds

Baths

4,005

Sq Ft

0.35

Acres

1978

Built

◆Private pool◆In-law suite◆Fireplace◆3-car garage◆$250/sqft◆360° tour

Single Family Residence

Property type

1978

Year built

15,377 sqft

Lot size

$250

Price / sq ft

No HOA

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

At $250/sqft for a seven-bedroom home built in 1978, you're getting decent value per square foot, but you'll want a thorough inspection since most systems are 45+ years old and likely need updating soon. The in-law suite is genuinely useful for multi-generational living or rental income, and the pool adds appeal in Sarasota's market, though the 0.35-acre lot is fairly tight for a house this size—expect limited privacy between neighbors. Colonial Terrace's lack of HOA fees is a plus, but being outside flood zone X (though that designation can change) and located in the Gulf Gate school zone means you're in an established, stable area without premium pricing.

AI-generated insight based on listing data and neighborhood context. Verify independently.

Estimated monthly payment

Principal & interest$5,057

Property taxes$753

Home insurance (est.)$458

Down payment

20%

$200,000 downRate

6.5%

Term

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: Active
Apr 10, 2026
Listed$1,200,000
Apr 10, 2026
Price reduced$1,000,000

Facts & features

Property type: Residential
Sub type: Single Family Residence
Status: Active
Days on market: 40
Subdivision: Colonial Terrace
County: Sarasota
Year built: 1978
Living area: 4,005 sq ft
Price/sq ft: $250
Building area: 5,340 sq ft (Public Records)
Lot size: 15,377 sq ft
Lot category: 1/4 to less than 1/2
Flood zone: X
Garage: 3 spaces
Pool: Private pool
Annual taxes: $9,041 (2025)
Parcel #: 0101040024
Zoning: RSF3
MLS #: O6398108

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Interior Details

Bedrooms: 7
Full bathrooms: 5
Half bathrooms: 1
Flooring: Carpet, Ceramic Tile, Tile
Appliances: Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Range, Refrigerator, Washer
Interior features: Ceiling Fans(s), PrimaryBedroom Upstairs, Solid Surface Counters, Solid Wood Cabinets, Window Treatments
Laundry: Inside, Laundry Room
Stories / Levels: Two
Direction faces: North
Fireplace: Yes
In-law suite: Yes

Heating & Cooling

Heating: Central
Cooling: Central Air

Parking

Garage spaces: 3
Attached garage: Yes
Parking features: Bath In Garage, Driveway, Garage Door Opener, Garage, Workshop in Garage

HOA & Financial

Total monthly fees: $0/mo
Total annual fees: $0
CDD: No
Homestead exemption: Yes
Min lease term: 1 Month
Listing terms: Cash, Conventional
Ownership: Fee Simple
Available for lease: Yes
Lease restrictions: No
Additional lease restrictions: Confirm lease restrictions with County.

Exterior & Construction

Exterior features: Awning(s), Balcony, Hurricane Shutters, Storage
Construction materials: Vinyl Siding
Roof: Shingle
Foundation: Slab
Pool: Private pool
Road surface: Asphalt

Utilities

Sewer: Public Sewer
Water source: Public, Well
Utilities: BB/HS Internet Available, Cable Available, Cable Connected, Electricity Connected

Community

Pets allowed: Yes

Schools

ElementaryGulf Gate ElementaryGreatSchools ↗

MiddleBrookside MiddleGreatSchools ↗

High SchoolRiverview HighGreatSchools ↗

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
Kitchen	First	17x19
Primary Bedroom	Second	17x19
Living Room	First	20x24

Listing Details

Listing date: 2026-04-10
On market date: 2026-04-10
Original list price: $1,200,000
Occupant type: Owner
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 OR 1407/865 AFF 79

Flood risk

Minimal riskFEMA Zone X

Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.

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 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 11:41 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.

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