To schedule a showing of 3731 Papai Drive, Sarasota, Florida, Call David Shippey at 863-521-4517 TODAY!
$449,777 | 5 beds | N/A full baths | N/A half baths | 1,818 sqft
Sarasota, FL 34232
- 5Beds
- 2.00Total Baths
- 0 Full, 0 HalfBaths
- 1,818SqFt
- 1960Year Built
- 0.18Acres
- MLS# A4697057
- Income
- Duplex
- Active
- Approx Time on Market4 days
- Area34232 - Sarasota/fruitville
- CountySarasota
- Subdivision Ridgewood Estates Add 01 Resub
Overview
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!
Agriculture / Farm
Association Fees / Info
Bathroom Info
Total Baths: 2.00
Building Info
Window Features: Blinds
Roof: Membrane
Building Area Source: PublicRecords
Buyer Compensation
Exterior Features
Exterior Features: Fence, Storage
Fees / Restrictions
Financial
Gross Income: 48,120
Original Price: $449,777
Garage / Parking
Parking Features: Driveway
Green / Env Info
Interior Features
Floors: Tile
Levels: One
Laundry Features: LaundryRoom
Interior Features: CeilingFans, OpenFloorplan
Appliances: Dishwasher, Range, Refrigerator, RangeHood
Lot Info
Direction Remarks: 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.
Lot Size Units: Acres
Lot Size Acres: 0.18
Lot Sqft: 7,800
Lot Desc: OutsideCityLimits
Misc
Other
Other Structures: Sheds
Special Conditions: None
Security Features: SmokeDetectors
Other Rooms Info
Property Info
Section: 35
Class Type: Duplex
Property Sub Type: Duplex
Property Condition: NewConstruction
Construction Materials: Block, Stucco
Stories: 1
Foundation: Slab
Sqft Info
Sqft: 1,818
Bulding Area Sqft: 1,935
Living Area Units: SquareFeet
Living Area Source: PublicRecords
Tax Info
Tax Year: 2,025
Tax Lot: 302
Tax Legal Description: LOT 302 RIDGEWOOD ESTATES 1ST ADD
Tax Annual Amount: 3818
Tax Book Number: 12-5
Unit Info
Total Units: 2
Total Actual Rent: 4,010
Utilities / Hvac
Heating: Central
Water Source: Public
Sewer: PublicSewer
Cool System: CentralAir, WallWindowUnits, CeilingFans
Cooling: Yes
Heating: Yes
Utilities: CableConnected, ElectricityConnected, HighSpeedInternetAvailable, MunicipalUtilities, SewerConnected, WaterConnected
Waterfront / Water
View: Yes
View: TreesWoods
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.This listing courtesy of Relax Property Group, Llc
MLS# O6397687 
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MLS IDX data last updated on 06-19-2026 3:58 PM EST.
If you have any questions on 3731 Papai Drive, Sarasota, Florida, please call David Shippey at 863-521-4517.
MLS# A4697057 located at 3731 Papai Drive, Sarasota, Florida is brought to you by David Shippey REALTOR®
3731 Papai Drive, Sarasota, Florida has 5 Beds, 0 Full Bath, and 0 Half Bath.
The MLS Number for 3731 Papai Drive, Sarasota, Florida is A4697057.
The price for 3731 Papai Drive, Sarasota, Florida is $449,777.
The status of 3731 Papai Drive, Sarasota, Florida is Active.
The subdivision of 3731 Papai Drive, Sarasota, Florida is Ridgewood Estates Add 01 Resub.
The home located at 3731 Papai Drive, Sarasota, Florida was built in 2026.