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$449,777

  • For Sale
  • Active
  • Duplex
  • 5 Beds
  • 2 Total Baths
  • 1,818 Sq. Ft.
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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!

Full Property Details for 3731 Papai Dr

General

  • Price: $449,777
  • Taxes: $3,818 (2025)
  • Status: Active
  • Type: Duplex
  • Source: MidFloridaRegionalMLS
  • MLS ID: A4697057
  • Updated: 6/15/2026
  • Added to Site: 18 day(s) ago

Rental Information

  • Lease/Rent Term: 12 Months
  • Min. Lease: 1 Month

Interior

  • Interior Features: Ceiling Fan(s), Open Floorplan, Thermostat
  • Appliances: Dishwasher, Range, Range Hood, Refrigerator
  • Furnishings: Unfurnished
  • Flooring: Tile

Rooms

Bathrooms

  • Total Bathrooms: 2

Bedrooms

  • Total Bedrooms: 5

Other Rooms

  • Laundry: Laundry Room

Additional Information

  • Security/Safety: Smoke Detector(s)

Exterior

  • Exterior Features: Fenced, Storage

Parking

  • Parking Features: Driveway

Location

  • Area: 34232 - Sarasota/Fruitville
  • County: Sarasota
  • Development Name: 34232 - Sarasota/Fruitville
  • Subdivision: RIDGEWOOD ESTATES ADD 01 RESUB
  • Driving 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.

School Information

  • Elementary School: Brentwood Elementary
  • High School: Sarasota High

Community

  • Community Name: 34232 - Sarasota/Fruitville

Heating & Cooling

  • Cooling Type: Central Air, Wall/Window Unit(s)
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected

Structural Information

  • # Buildings: 1
  • Exterior Const.: Block, Stucco
  • Roof: Membrane
  • Windows: Blinds
  • Stories/Levels: One
  • Square Feet: 1,818
  • Sq. Ft. Source: Public Records
  • Year Built: 1960

Additional Structures

  • Other Structures: Shed(s)

Lot Features

  • Property View: Trees/Woods
  • Lot Size (Acres): 0.18
  • Lot Size (Sq. Ft.): 7,800
  • Lot Size: 7800
  • Frontage: Street Paved
  • Street/Road Desc.: Paved, Asphalt

Financial Considerations

  • Assoc Fee Desc.: None
  • Tax Amount: $3,818
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: LOT 302 RIDGEWOOD ESTATES 1ST ADD
  • Flood Zone Info: X
  • APN: 63150041
  • Property ID: 63150041

Listed by Relax Property Group, Llc

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Listing agent

— 3731 Papai Dr —

  • Relax Property Group, Llc

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 3731 Papai Dr

School District:Sarasota County School District
NameGradesDistance
Brentwood Elementary School, Sarasota, FL
2500 Vinson Avenue, Sarasota, FL 34232
PK-50.7 mi
Mcintosh Middle School
701 McIntosh Road, Sarasota, FL 34232
6-82 mi
Sarasota High School
2155 Bahia Vista Street, Sarasota, FL 34239
9-123.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3731 Papai Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/15/2026
Listed
$449,777
675.48%
MLS
6/23/2011
Sold
$58,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3731 Papai Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,818
3%
$245,795
-3%
2024
$3,707
5%
$254,500
-1%
2023
$3,530
22%
$256,500
43%
2021
$2,885
-15%
$178,900
-29%
2022
$3,389
17%
$251,200
30%
2021
$2,885
21%
$193,400
56%
2019
$2,377
2%
$123,654
10%
2018
$2,338
16%
$112,413
-6%
2017
$2,021
5%
$119,200
10%
2016
$1,920
5%
$107,900
28%
2015
$1,828
—
$84,458
10%
2014
$1,831
19%
$76,780
10%
2013
$1,544
—
$69,800
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 3731 Papai Dr

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Relax Property Group, Llc

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3731 Papai Drive, Sarasota, FL 34232 (MLS# A4697057) is a Duplex property with 5 bedrooms and 0 full bathrooms. 3731 Papai Drive is currently listed for $449,777 and was received on June 15, 2026. Want to learn more about 3731 Papai Drive? Do you have questions about finding other Duplex real estate for sale in Sarasota? You can browse all Sarasota real estate or contact a Coldwell Banker agent to request more information.

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