407 Ohio Place, Sarasota, FL 34236
Local realty services provided by:Better Homes and Gardens Real Estate Atchley Properties
Listed by: ryan skrzypkowski
Office: coldwell banker realty
MLS#:A4667604
Source:MFRMLS
Price summary
- Price:$1,000,000
- Price per sq. ft.:$366.43
About this home
Under contract-accepting backup offers. 3 UNITS in Laurel Park! This income-producing opportunity is in the coveted Downtown Historic District of Laurel Park, Sarasota. This beautifully renovated and meticulously maintained triplex blends timeless character with proven financial performance, offering the perfect combination of lifestyle and investment potential. Currently operating as an established Airbnb with Superhost status and professional management in place, this property provides steady, verifiable income with strong year-over-year performance and the flexibility to continue as a high-yield short-term rental or transition to long-term tenants for predictable cash flow. The triplex features three charming, fully furnished units-two front units with two bedrooms and one bathroom each, and a one-bedroom, one-bathroom rear unit. Each includes private driveways, off-street parking, patios, and either in-unit or shared laundry. Situated on an exceptional flag lot with dual frontage on both Laurel Street and Ohio Place, this property offers rare privacy, accessibility, and redevelopment potential. The lot's size and configuration make it ideal for a future custom residence, offering one of the most desirable build opportunities within Sarasota's downtown core. Financially, the property has a consistent and transparent performance record, generating $111,599 in 2023, $106,893 in 2024, and a projected $103,000 in 2025. Importantly, these figures already reflect reduced occupancy, as the owners reserve the property multiple times per year for family use. Without that usage, the income potential is expected to reach or exceed $120,000 annually, offering clear upside for an investor focused on maximizing returns. With stronger marketing, repeat-guest programs, and continuous availability, this property's income could grow substantially while remaining a largely hands-off investment. This triplex stands out not only for its returns but also for its flexibility. Investors can enjoy immediate passive income with management and future bookings already in place, or occupy one unit and rent the others to offset ownership costs. The property's prime location within the National Historic District of Laurel Park enhances its long-term value, offering walkable access to Sarasota's Bayfront, Selby Gardens, Main Street dining, shopping, and the city's renowned arts and theater venues. Laurel Park's historic charm, walkability, and strong rental demand make it one of Sarasota's most stable and appreciating neighborhoods for both investors and homeowners alike. With its combination of proven rental history, turnkey condition, desirable lot, and premier downtown location, this property represents a rare opportunity to own an asset that delivers reliable income today and exceptional upside tomorrow. Whether held as a passive income generator, a personal retreat with investment benefits, or the site of a future luxury home, this triplex embodies the best of Sarasota's lifestyle, history, and growth potential. Don't miss your chance to own this exceptional property in one of Sarasota's most sought-after neighborhoods-where historic character meets lasting investment value....
Contact an agent
Home facts
- Year built:1940
- Listing ID #:A4667604
- Added:584 day(s) ago
- Updated:March 19, 2026 at 02:53 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Dining Description:Living Room/Dining Room Combo
- Kitchen Description:Dishwasher, Microwave, Range, Refrigerator, Solid Surface Counters
- Living area:1,826 sq. ft.
Heating and cooling
- Cooling:Wall/Window Unit(s)
- Heating:Electric
Structure and exterior
- Roof:Shingle
- Year built:1940
- Building area:1,826 sq. ft.
- Lot area:0.21 Acres
- Lot Features:Corner Lot, Flag Lot, Landscaped, Paved, Sidewalk
- Construction Materials:Block, Stucco
- Exterior Features:Covered Porch/Patio, Fence, Lighting, Sidewalk
- Foundation Description:Slab
- Levels:1 Story
Schools
- High school:Sarasota High
- Middle school:Booker Middle
- Elementary school:Southside Elementary
Utilities
- Water:Public, Water Connected
- Sewer:Public, Public Sewer, Sewer Connected
Finances and disclosures
- Price:$1,000,000
- Price per sq. ft.:$366.43
- Tax amount:$11,173 (2023)
Features and amenities
- Appliances:Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
- Laundry features:Dryer, In Common Area, Laundry Room, Washer
- Amenities:Cable Connected, Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters
- Pool features:Public Pool
New listings near 407 Ohio Place
$2,549,000Pending3 beds 4 baths1,854 sq. ft.1000 Boulevard Of The Arts #501, SARASOTA, FL 34236
MLS# A4686858Listed by: PREMIER SOTHEBY'S INTERNATIONAL REALTY
$2,339,000Pending2 beds 3 baths1,896 sq. ft.1000 Boulevard Of The Arts #1503, SARASOTA, FL 34236
MLS# A4686851Listed by: PREMIER SOTHEBY'S INTERNATIONAL REALTY
$2,359,000Pending2 beds 3 baths1,874 sq. ft.1000 Boulevard Of The Arts #1403, SARASOTA, FL 34236
MLS# A4686852Listed by: PREMIER SOTHEBY'S INTERNATIONAL REALTY
$2,249,000Pending2 beds 3 baths1,664 sq. ft.1000 Boulevard Of The Arts #1602, SARASOTA, FL 34236
MLS# A4686857Listed by: PREMIER SOTHEBY'S INTERNATIONAL REALTY- New
$495,000Active2 beds 2 baths1,538 sq. ft.3119 Lockwood Terrace, SARASOTA, FL 34231
MLS# A4686015Listed by: PREMIER SOTHEBY'S INTERNATIONAL REALTY - New
$419,500Active2 beds 2 baths1,534 sq. ft.7663 Pesaro Drive, SARASOTA, FL 34238
MLS# A4686649Listed by: GULF SANDS REALTY, LLC - New
$859,900Active4 beds 2 baths2,312 sq. ft.8034 Sandstar Way, SARASOTA, FL 34240
MLS# A4686700Listed by: RE/MAX PALM - New
Listed by BHGRE$279,000Active0.38 Acres820 S Beneva Road, SARASOTA, FL 34232
MLS# A4686434Listed by: BETTER HOMES AND GARDENS REAL ESTATE ATCHLEY PROPE - Open Sun, 12am to 2pmNew
$749,500Active3 beds 2 baths1,951 sq. ft.2513 Mineola Way, SARASOTA, FL 34239
MLS# A4686632Listed by: GULF SANDS REALTY, LLC - New
$2,149,000Active2 beds 3 baths1,664 sq. ft.1000 Boulevard Of The Arts #1402, SARASOTA, FL 34236
MLS# A4686845Listed by: PREMIER SOTHEBY'S INTERNATIONAL REALTY