This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
$385,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
Charming Gulf Gate Gem! Move-In Ready, Renovated 2-Bedroom, 2-Bathroom home plus 37 x 16 bonus flex space in the highly sought-after Gulf Gate neighborhood - Only Minutes from the World-Famous #1 Beach in America, Siesta Key! Welcome to this meticulously maintained, renovated single-family home located on a quiet street in the heart of Gulf Gate. This one-story oasis offers 2 bedrooms, 2 full bathrooms, and a fully updated kitchen featuring stainless-steel appliances, modern countertops, and stylish fixtures. The laundry room and pantry are located right off the kitchen, adding extra convenience to everyday living. The bright and airy family room, with a built-in electric fireplace, is the perfect place to relax and entertain. A cozy space off the kitchen offers an area ideal for relaxing after a glorious day at the beach. The large second living space in the rear of the home offers versatility, whether you envision it as a dining area, office, or additional living space. Large plank, wood-inspired tile floors flow throughout the entire home creating a cohesive and inviting environment. Crown molding adds a lovely touch of sophistication. Step outside to a massive patio with elegant pavers, seamlessly connected to a beautifully landscaped yard. This outdoor area is ready for your personal touch-whether you envision a pool, lanai, or expanded outdoor living space. The absolute coolest feature of this home is the MASSIVE, FULLY PERMITTED flex space in the rear of the home! The 37 x 16 attached space is drywalled and equipped with A/C & electrical. The possibilities for this room are endless-perfect for a home gym, workshop, studio, home office, pool house or guest suite. It won't take much to finish off the space! Gulf Gate is known for its large, flat lots, giving owners ample room to grow, with potential for future home additions and amazing outdoor spaces. Convenience is key with this property's central location. Endless shopping options, including Publix, Costco, highly rated local restaurants, and more are just minutes away. Whether you're heading out for a day on Siesta Key's powdered sugar sands, exploring downtown Sarasota, St. Armands Circle, and beyond, every destination is extremely convenient. The shops and restaurants in Gulf Gate are a quick walk or bike ride from your front door! This home has been beautifully cared for and offers a rare opportunity to own a renovated gem in one of Sarasota's most desirable neighborhoods. If you are looking for an investment property, this home offers tremendous opportunities for rental income. The roof was replaced, and the interior re-piped in 2009. An ADT alarm system and several newer hurricane windows give you peace of mind. Buyers, this is a great time to make a purchase in a highly desirable area of Sarasota!
Full Property Details
Full Property Details for 3042 Lockwood Terrace
General
- Sold For: $385,000
- HOA FEE: $75
- Taxes: $1,708 (2024)
- Status: Closed
- Type: Single Family
- Source: MidFloridaRegionalMLS
- MLS ID: A4641991
- Added to Site: 359 day(s) ago
Rental Information
- Min. Lease: 1 Month
Interior
- Number of Rooms: 9
- Interior Features: Crown Molding
- Fireplace: Yes
- Fireplace(s): Electric
- Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Gas Water Heater, Ice Maker, Microwave, Range, Refrigerator, Washer
- Furnishings: Negotiable
- Flooring: Carpet, Ceramic Tile
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Laundry: Laundry Room, Washer Hookup
Additional Information
- Security/Safety: Security System Leased
Exterior
- Exterior Features: Garden, Private Mailbox, Sidewalk, Storage
- Deck/Patio: Patio
- Porch/Patio/Deck: Patio
Parking
- Carports: Yes
- Carport: 2
- Carport Spaces: 2
- Covered Spaces: 2
- Parking Features: Covered, Driveway, On Street
Location
- Area: 34231 - Sarasota/Gulf Gate Branch
- County: Sarasota
- Development Name: 34231 - Sarasota/Gulf Gate Branch
- Subdivision: GULF GATE
- Driving Directions: Gulf Gate Drive to Aruba Lane to Lockwood Terrace
- Direction Faces: North
School Information
- Elementary School: Gulf Gate Elementary
- Middle School: Brookside Middle
- High School: Riverview High
Community
- Community Name: 34231 - Sarasota/Gulf Gate Branch
- Community Features: Sidewalks
- Association: Yes
Heating & Cooling
- Cooling Type: Central Air, Wall/Window Unit(s)
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Connected, Electricity Connected, Public, Street Lights, Water Connected
Structural Information
- Exterior Const.: Brick, Concrete
- Roof: Shingle
- Stories/Levels: One
- Square Feet: 1,390
- Sq. Ft. Source: Public Records
- Living Area: 1,390 Sq. Ft.
- Year Built: 1965
Additional Structures
- Other Structures: Shed(s), Storage
Lot Features
- Property View: Trees/Woods
- Lot Size (Acres): 0.21
- Lot Size (Sq. Ft.): 9,300
- Lot Size: 9300
- Frontage: Street Paved
- Street/Road Desc.: Paved, Asphalt
Financial Considerations
- Association Fee: $75
- Assoc Fee Desc.: Optional
- Tax Amount: $1,708.06
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: LOT 7 BLK 48 GULF GATE UNIT 8
- Flood Zone Info: X - AE
- APN: 102150008
- Property ID: 102150008
- Block/Lot/Section: 48
Get Pre-Approved Today
Schools
Schools serving 3042 Lockwood Terrace
School District:Sarasota County School District
| Name | Grades | Distance |
|---|---|---|
Gulf Gate Elementary School 6500 South Lockwood Ridge Road, Sarasota, FL 34231 | PK-5 | 0.5 mi |
Riverview High School, Sarasota, FL 1 Ram Way, Sarasota, FL 34231 | 9-12 | 2.1 mi |
Brookside Middle School 3636 South Shade Avenue, Sarasota, FL 34239 | 6-8 | 3.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3042 Lockwood Terrace
Date
Details
Price
Change
Source
6/11/2025
Sold
$385,000
-1.03%
MLS
3/31/2025
Price Reduced
$389,000
-7.16%
MLS
3/03/2025
Listed
$419,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3042 Lockwood Terrace, Sarasota, FL 34231 (MLS# A4641991) is a Single Family property that was sold at $385,000 on June 11, 2025. This property was listed by Mary Ann Keenan from our Sarasota Central Office.Want to learn more about 3042 Lockwood Terrace? Do you have questions about finding other Single Family real estate for sale in Sarasota? You can browse all Sarasota real estate or contact a Coldwell Banker agent to request more information.


