4 Beds
4 Baths
2,752 SqFt
4 Beds
4 Baths
2,752 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,752 sqft
Price per Sqft $1,451
Subdivision Golden Gate Point
MLS Listing ID A4696009
Bedrooms 4
HOA Fees $20/ann
HOA Y/N Yes
Annual Recurring Fee 20.0
Year Built 1949
Annual Tax Amount $21,915
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type Quadruplex
Source Stellar MLS
Property Description
A truly rare offering in one of Sarasota's most exclusive and rapidly evolving luxury enclaves. With no true single-family homes currently remaining on Golden Gate Point and only a small handful of original legacy properties left, 161 Golden Gate Point represents one of the final opportunities to control a meaningful piece of “old Golden Gate” before the peninsula is fully transformed.
Positioned in the heart of downtown Sarasota, across from the Ritz-Carlton and adjacent to Marina Jack, the property currently consists of a fully updated Four-unit building featuring newer central A/Cs, five-piece stainless kitchens, quartz countertops, new roof (2025), separate electrical meters, gated courtyards, hot tub, and gazebo — offering immediate usability and meaningful interim income while future plans are explored.
Located within the City of Sarasota weekly vacation rental zone, this creates a rare opportunity not commonly found in downtown Sarasota — operate the property similarly to a boutique hotel.
For the visionary buyer, this may represent a once-in-a-generation opportunity to create what could become Golden Gate Point's only true single-family estate — a one-of-one trophy residence in the heart of downtown Sarasota.
The property also presents compelling redevelopment potential. Golden Gate Point benefits from alternative development standards intended to support a more urban, pedestrian-friendly environment, including reduced setbacks, increased building coverage allowances, and flexible dimensional standards — enhancing redevelopment possibilities in this highly sought-after peninsula location. Similar RMF-5 sites on Golden Gate Point have supported boutique luxury residential concepts, while the adjacent rear assemblage totaling approximately 21,600 SF is also available, creating a rare opportunity for a larger strategic assemblage in one of Sarasota's most supply-constrained luxury micro-markets.
161 also represents a compelling long-term hold opportunity. As Golden Gate Point continues its luxury transformation — and remaining legacy properties disappear — the opportunity to control irreplaceable downtown Sarasota land becomes increasingly rare.
Just moments to Marina Jack, downtown Sarasota dining, St. Armands Circle, Lido Beach, and Sarasota's transformative bayfront destination, The Bay.
Whether envisioned as:
• Rare short-term rental building where you control the entire property
• One of Golden Gate Point's final legacy holdings
• A future one-of-one single-family estate
• A boutique luxury redevelopment site
• A strategic assemblage opportunity
• A family office or long-term scarcity hold
• Or a rare downtown Sarasota land play with meaningful interim income potential
…opportunities of this nature are becoming increasingly difficult to replicate.
Location
State FL
County Sarasota
Community Golden Gate Point
Area 34236 - Sarasota
Zoning RMF5
Rooms
Other Rooms Storage Rooms
Interior
Interior Features Ceiling Fans(s), Kitchen/Family Room Combo, Open Floorplan, Stone Counters, Thermostat, Window Treatments
Heating Central
Cooling Central Air
Flooring Bamboo, Ceramic Tile, Marble, Tile
Furnishings Furnished
Fireplace false
Appliance Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Range, Refrigerator, Washer
Laundry Laundry Room
Exterior
Exterior Feature Courtyard, Fence, Fire Pit, Lighting, Private Mailbox, Private Yard, Rain Gutters, Shade Shutter(s), Sidewalk
Parking Features Assigned, Circular Driveway, Covered, Driveway
Garage Spaces 1.0
Utilities Available Electricity Connected, Sewer Connected, Underground Utilities, Water Connected
View Y/N Yes
View City, Water
Roof Type Shingle
Porch Covered, Front Porch, Patio, Porch, Side Porch
Attached Garage false
Garage true
Private Pool No
Building
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Schools
Elementary Schools Southside Elementary
Others
Pets Allowed Yes
Senior Community No
Ownership Fee Simple
Monthly Total Fees $1
Acceptable Financing Cash, Conventional
Membership Fee Required Optional
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.youtube.com/watch?v=UQzHdSyH-LA
NEARBY SCHOOLS & PROPERTIES
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "