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    The Largest CRE Database in the US with Over 1 Million Listings

    2655 Bay St Sarasota, FL 34237

    Sponsored
    For Sale
    $1,249,000

    Duplex - SARASOTA, FL

    Type:Duplex
    Property size:
    3,432 SF
    Lot size:
    0.23 Acres
    Days on Market:
    4
    Last Refresh:
    Feb 19 at 5:06 pm

    Property Features for 2655 Bay St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Zoning
    RSF3
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    7
    APN
    2034080067
    Parking features
    Carport, Guest, Off Street
    Pets allowed
    Cats OK, Dogs OK, Yes
    Interior features
    Ceiling Fans(s), Primarybedroom Upstairs, Solid Wood Cabinets
    Exterior features
    Paved, Balcony
    Appliances
    Dishwasher, Dryer, Garbage Disposer, Ice Maker, Microwave, Range, Refrigerator, Refrigerator - Wine Storage, Washer
    Size
    3,432 SF
    Lot size
    0.23 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air, Ductless, Multi Units

    Building Details

    Year built
    2024
    Number of units
    2
    Flooring type
    Tile, Wood
    Building materials
    Block, Stucco
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    David Litvinov

    Keller Williams on the Water Sarasota (941) 803-7522

    Listing agent David Litvinov (941) 803-7522 License #3565848

    Listing date Feb 16, 2026

    MLS# A4682696 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Renovated Duplex Near Downtown Sarasota

    This fully renovated, professionally designed 2-unit multifamily property features a 6-bedroom, 5-bathroom main residence and a legal 1-bedroom, 1-bath attached apartment, offering income or multigenerational living potential. Located just east of Downtown Sarasota and adjacent to the Legacy Trail, the property features abundant natural light, thoughtfully placed windows, and views of lush, mature landscaping. The open-concept layout of the main residence includes two bedrooms downstairs and four en-suite bedrooms upstairs, including a primary suite with multiple closets and a spa-inspired bath. A guest bedroom and a family room open to a full-width second-story deck. The chef’s kitchen is outfitted with GE appliances, shaker cabinetry, and Calacatta Statuario waterfall quartz countertops. The full-gut renovation includes Fiandre Italian porcelain tile and Delta fixtures in all baths, 7-inch wide plank white oak flooring, smart thermostats and doorbell system, a new roof, impact-rated windows, plumbing, water service, sewer, and electrical. The main house and the apartment have separate utilities. The oversized backyard offers possibilities for a pool, outdoor lounge area, or garden retreat. The covered lanai is ready for a future outdoor kitchen. A circular driveway offers ample parking. The property is located minutes from downtown Sarasota and a short drive to Siesta Key Beach. The property size is 3432 square feet and the lot size is 0.23 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bay Street Manor Vacation Rental

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.516547
    Latitude
    27.328114

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    FAQs

    What type of property is this?
    Duplex - Professionally designed duplex with income potential near downtown Sarasota.
    Where is this duplex located?
    The property is located at 2655 Bay St Sarasota, FL.
    What is the asking price?
    The asking price for this property is $1,249,000.
    What are key features of this property?
    This property features: - Fully renovated 6-bedroom main residence with a legal 1-bedroom apartment, offering income potential.; - Prime location just east of Downtown Sarasota and adjacent to the Legacy Trail.; - High-end finishes throughout, including Fiandre Italian porcelain tile and Calacatta Statuario quartz countertops.
    (773) 432-0200
    Request Owner's contact information
    2655 Bay St Sarasota, FL 34237
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    Sarasota, FL 34237
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2655 Bay St Sarasota, FL 34237
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    We can help!
    Listing Contact
    David Litvinov
    Real Estate License ID: 3565848
    (773) 432-0200 (941) 803-7522
    Learn more
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