Back 5311 Olive Avenue
Off Market

5311 Olive Avenue

Gulf Gate Estates FL 34231

4
2
2
2605 sq. ft.
8560 sq. ft.
Duplex
Last sold for $405,000
Yvonne BlackburnYvonne Blackburn, last sold this property on 21 May 2025 after 70 days on market.

Overview

Terriffic location with a nice quiet neighborhood in South Central Sarasota, close to gas, shopping, restaurants and services located on Clark Road/Stickney Point, Highway 41, Beneva and Lockwood Road. Walk to the peaceful Historical, 72 acre Red Bug Park with lots of amenities. This location is conveniently located only 3 signals East of the bridge entrance to famous Siesta Key Crescent Beach. This 2 bedroom, 1 bath duplex has the exact same convenient, open floor plan on each side and features a seperate private driveway and carport with utilities/laundry room each with washer/dryer hookups and 3 year old water heaters, inside the covered carports. Each unit has extra parking in their respective driveways. Large living room leads to covered srceen patios and private fenced back yards for each. 5313 was completely updated in 2023 with new drywall in kitchen and dining, new shaker style kitchen cabinets, new counter tops, new microwave, new tile throughout, new designer kid proof vinyl, 3 new ceiling fans, and all new interior paint except spare bedroom. 5311 had bath redo in 2022 with new bathtub, new plumbing, new tub tile and updated the remainder of the unit 12 years ago before the current tenant moved in. Most of the trees were taken out when the new sewers went in and new driveway entrance was poured in 2018. Plants need to be removed from outside stucco walls. The roof is 3 years old completed in 10/2021. The water heaters are 3 years old completed 2/17/22. New A/C 4 years old completed 1/08/2021. The A/C units are on an annual maintenance contract. Plumbing and A/C pipes have been wrapped and reinsulated. The yard is on a regular maintenance contract with a landscaping company but bushes and plants need trimming. Owner pays water and sewer. Tenants pay electrical . All main expense items have been replace, ie. floor tiles, wood floors, roof, plumbing, A/C, kitchen cabinets, tile tubs. Remaining expenses are clean up and cosmetic and paint. No current up front building costs are required except fascia needs painting. Water main shutoff is located on the corner of Ashton and Olive. Fire hydrant is 100 feet from property located at the corner by the main shut off valve. Not in a Flood Zone, FEMA rated X. Long term tenants - 12 years and 8 years on a month to month. Rent's have just now been raised and the Gross Income is $2350.00 monthly.

Features

4 bedrooms
2 bathrooms
2 carspaces
2 carport spaces
2605 sq. ft. floor area
8560 sq. ft. lot size
Duplex

Estimated Value

Based on this property and similar 4 bedroom duplexes sold in Gulf Gate Estates over the last 12 months, the estimated median property value of 5311 Olive Avenue is $535k.

Median value
$535k
Estimated value range
$405k - $900k
Median days on market
69
Estimated value trend
0%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Gulf Gate Estates. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 5311 Olive Avenue

2025
Sold
$405,000
21 May 2025 by Yvonne Blackburn, of SUNSET REALTY

Happy sellers in Gulf Gate Estates

79%
79% of sellers in Gulf Gate Estates reported that their sale price either exceeded or met their price expectations.

Gulf Gate Estates stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 20 reviews in Gulf Gate Estates over the last 12 months.

Local market activity for 4 bedroom duplexes in Gulf Gate Estates

In the last 12 months, 3 four-bedroom duplexes similar to 5311 Olive Avenue, have been sold.

This represents a 200% decrease in four-bedroom duplexes sales when compared to the previous 12 months.

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