$449,777
3731 Papai Drive
Sarasota, FL 34232
Listing updated: August 12, 2026 at 1:58 PM ET
Listing courtesy of Relax Property Group, Llc · Dane Peterson · MLS #A4697057 · Active · 941-923-7200Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Rare investment opportunity in Sarasota! Multi-family properties are seldom available in this predominantly single-family neighborhood, making this duplex a unique addition to any real estate portfolio. This income-producing property offers two separately leased units with a combined living area of approximately 1,818 square feet on a 7,800-square-foot lot. The front unit features 3 bedrooms, 1 bathroom, & a dedicated laundry room while the second (Back) unit offers 2 bedrooms, 1 bathroom, and backyard access. Both units are currently occupied through 3/31/2026, providing immediate rental income and minimizing vacancy risk for investors seeking stable cash flow. Electric/Water are not separately metered and Landlord pays these two utilities. Several major improvements have already been completed, including a new roof in 2019, updated HVAC in 2023 (back unit uses window units), and an updated electrical panel in 2023. The property is in the central Sarasota area with easy access to shopping, dining, schools, employment centers, downtown Sarasota, and the area's world-famous Gulf Coast beaches. Gross rents of $4,010. Annual Leases. Seller will consider owner financing. Showings require advanced notice. Call today!
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 history37 days on market
- Status: ActiveAug 12, 2026
- Listed$449,777Jun 15, 2026
- Price increased$449,777
Facts & features
- Property type
- Residential Income
- Sub type
- Duplex
- Status
- Active
- Days on market
- 37
- Subdivision
- Ridgewood Estates Add 01 Resub
- County
- Sarasota
- Year built
- 1960
- Living area
- 1,818 sq ft
- Price/sq ft
- $247
- Building area
- 1,935 sq ft (Public Records)
- Lot size
- 7,800 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- X (12115C0161G)
- Annual taxes
- $3,818 (2025)
- Parcel #
- 0063150041
- Zoning
- RSF3
- MLS #
- A4697057
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Interior Details
- Bedrooms
- 5
- Flooring
- Tile
- Appliances
- Dishwasher, Range, Range Hood, Refrigerator
- Interior features
- Ceiling Fans(s), Open Floorplan, Thermostat
- Laundry
- Laundry Room
- Stories / Levels
- One
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air, Wall/Window Unit(s)
Parking
- Attached garage
- No
- Parking features
- Driveway
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Min lease term
- 1 Month
- Listing terms
- Cash, Conventional, FHA, Owner Financing, VA Loan
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
- Additional lease restrictions
- Please check with Sarasota County regarding any and all rental restrictions.
Exterior & Construction
- Exterior features
- Fence, Storage
- Construction materials
- Block, Stucco
- Roof
- Membrane
- Foundation
- Slab
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- BB/HS Internet Available, Cable Connected, Electricity Connected, Public, 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.
Listing Details
- Listing date
- 2026-06-14
- On market date
- 2026-06-15
- Original list price
- $449,777
- Occupant type
- Tenant
- MLS area
- 34232 - Sarasota/Fruitville
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-08-12
- Tax legal description
- LOT 302 RIDGEWOOD ESTATES 1ST ADD
Flood risk
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
From the intersection of McIntosh Rd and Bee Ridge Rd: Head East on Bee Ridge Rd. Make a left on to Crest Ridge Dr. then an immediate left on Lahaina Dr. The road will wrap you to the right which becomes Papai Dr. Property will be down 7 properties on the right.
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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 August 12, 2026 at 1:58 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.
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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