2866 Rainbow Circle, SARASOTA, FL 34231
- MLS#: A4655606 ( Residential )
- Street Address: 2866 Rainbow Circle
- Viewed: 30
- Price: $649,000
- Price sqft: $199
- Waterfront: No
- Year Built: 1977
- Bldg sqft: 3258
- Bedrooms: 4
- Total Baths: 3
- Full Baths: 3
- Garage / Parking Spaces: 2
- Days On Market: 48
- Additional Information
- Geolocation: 27.2935 / -82.5124
- County: SARASOTA
- City: SARASOTA
- Zipcode: 34231
- Subdivision: Sarasotavenice Co Sub
- Elementary School: Wilkinson Elementary
- Middle School: Brookside Middle
- High School: Riverview High
- Provided by: MICHAEL SAUNDERS & COMPANY
- Contact: Lana Moriece
- 941-951-6660
- DMCA Notice
-
Description**spacious serenity in the heart of sarasota! ** this enchanting. 49 acre property is a rare investment opportunity where lots of this size in sarasota let alone at the end of a dead end street are scarcemaking it perfect property for savvy investors! Excitingly, the sellers are currently making repairs to improve and maintain the quality of the home, including relining the pipes, ensuring that the property remains in top condition for its new owners! Imagine the potential, whether you're looking to generate income, cultivate an active urban farm, or bask in your own tranquil private oasis! This exceptional 4 bedroom, 3 bath property features a main house with an attached 2 car garage, plus an income producing guest houseideal for creating a lucrative investment! Located just 10 minutes from convenience stores, grocery stores, shopping, and the world famous siesta key beach, this property is in a prime location that draws steady interest from renters and buyers alike. Step inside the lovely main home, with 3 bedrooms and 2 bathrooms, highlighted by a new 2025 roof and a freshly painted exterior. Discover a thoughtfully designed open floor plan centered around an inviting eat in kitchen featuring stunning quartz countertops and new smart samsung appliancesall controllable from an app on your phone and with warranties for your peace of mind! The touchless exhaust fan and spacious living room flow seamlessly into a great room with a wood burning fireplace, providing access to a beautiful screened in porch through pocketing sliding doors. The primary bedroom offers a sweet retreat with pocketing sliders leading to the screened in porch, a newly tiled en suite bath with a standing shower, and a generous walk in closet! The second and third bedrooms are equally spacious; one features a walk in closet and the other boasts its own private exterior entrance. Plus, the functional laundry room includes a washer, dryer, and ample built in storage for all your organizational needs. The versatile 2 car garage has a door leading to the main yard and a window giving you the ability to add a window unit and air conditions the garage. The detached guest house serves as a fabulous fourth bedroom and third bathroom, boasting a track record of renting for $1400/month! This income stream allows you to generate revenue from the comfort of home, complete with a spacious covered patio that doubles as a carport, wardrobe, portable washing machine, full size refrigerator, kitchenette, and an oversized bathroom filled with natural light. Have a tenant in a separate structure not a roommate. Nature lovers will be thrilled, as this propertypreviously an urban farmthrives with native plants grown without pesticides and boasts mature landscaping, including magnificent oak trees. Currently flourishing with fresh vegetables, fruits, and a busy hive of 250,000 bees producing 42 pounds of honey annually, this property is the very definition of sustainable living! Whether you're eager to generate income, cultivate your own urban farm, or enhance it with a nearly unlimited number of options, with ample room to add a pool, an outdoor kitchen, park your boat or rv, or whatever your dreams may hold, the options are vast in this non hoa community. Dont miss this opportunity to invest in a property that marries space with locationyour dream investment awaits!
Property Location and Similar Properties
Features
Building and Construction
- Covered Spaces: 0.00
- Exterior Features: Garden, Private Mailbox, Rain Barrel/Cistern(s), Rain Gutters, Sliding Doors
- Fencing: Other, Vinyl, Wire, Wood
- Flooring: Bamboo, Ceramic Tile, Tile
- Living Area: 2010.00
- Other Structures: Guest House
- Roof: Shingle
Property Information
- Property Condition: Completed
Land Information
- Lot Features: Cul-De-Sac, Drainage Canal, Farm, In County, Irregular Lot, Near Public Transit, Oversized Lot, Pasture, Street Dead-End, Paved
School Information
- High School: Riverview High
- Middle School: Brookside Middle
- School Elementary: Wilkinson Elementary
Garage and Parking
- Garage Spaces: 2.00
- Open Parking Spaces: 0.00
- Parking Features: Covered, Driveway, Garage Door Opener, Ground Level, Guest, Off Street, Open
Eco-Communities
- Water Source: Public
Utilities
- Carport Spaces: 0.00
- Cooling: Central Air
- Heating: Central, Electric
- Pets Allowed: Cats OK, Dogs OK, Yes
- Sewer: Public Sewer
- Utilities: BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Fiber Optics, Phone Available, Public, Sewer Available, Sewer Connected, Water Available, Water Connected
Finance and Tax Information
- Home Owners Association Fee Includes: None
- Home Owners Association Fee: 0.00
- Insurance Expense: 0.00
- Net Operating Income: 0.00
- Other Expense: 0.00
- Tax Year: 2024
Other Features
- Appliances: Built-In Oven, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Gas Water Heater, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Washer, Water Filtration System
- Country: US
- Furnished: Partially
- Interior Features: Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Open Floorplan, Primary Bedroom Main Floor, Stone Counters, Thermostat, Walk-In Closet(s), Window Treatments
- Legal Description: COM AT PT 25 FT S OF NW COR OF E 330 FT OF LOT 7 BLK 2 TH S 643.06 FT TH E 110 FT TO POB TH N 90.56 FT TH E 110 FT TH N 12.5 FT TH E 110 FT TH S 103.06 FT TH W 220 FT TO POB BEING PART OF
- Levels: One
- Area Major: 34231 - Sarasota/Gulf Gate Branch
- Occupant Type: Vacant
- Parcel Number: 0072120051
- Possession: Negotiable
- Style: Ranch
- View: Garden
- Views: 30
- Zoning Code: RSF3
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- Property Tax $
- Home Insurance $
- HOA Fees $
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