Sarasota FL Homes for Sale Under $500,000

Homes for Sale Under $500,000 In Sarasota FL

Browse current home for sale under $500,000 in Sarasota FL. Can't find a home that fits your needs? Try our Advanced MLS search. You can easily filter properties by location, price, amenities, and more to find exactly what you're looking for.

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Homes for Sale Under $500,000 in Sarasota FL

$145,000
3 Beds 3 Baths Fairway Oak Estates SubDv. 34232 Zip Code
Beautifully updated 3-bedroom, 2.5-bath end-unit townhome tucked away in the back of Fairway Oaks, offering added privacy and exceptional value for both homeowners and investors. This move-in-ready home has been extensively renovated with numerous recent upgrades, including new hurricane-impact windows (2026), new flooring throughout the main level (2026), new stairs (2026), new interior doors (2026), and a new electrical panel (2026). The kitchen features a new refrigerator and microwave, along with updated finishes, while the bathrooms have been tastefully remodeled. Additional highlights include newer laundry appliances and a 2017 A/C system. For investors, this property presents an excellent opportunity, as it is currently tenant-occupied and generating $2,000 in rental income, providing immediate cash flow potential. Enjoy a spacious and well-maintained interior with fresh finishes, abundant natural light, and a functional layout ideal for everyday living or long-term investment. Fairway Oaks offers fantastic community amenities, including a large community pool, playground, tennis courts, and basketball courts. Ideally located in the heart of Sarasota, you’ll enjoy convenient access to Downtown Sarasota, I-75, shopping, dining, banks, fitness centers, Publix, Bravo Supermarket, Walgreens, and public transportation—all just minutes away. The community is also adjacent to the popular Circus Trail Nature Park and the public Bobby Jones Golf Course, with future Legacy Trail expansion plans nearby. Just a short drive to world-famous Siesta Key Beach, this property combines comfort, convenience, and location. Pets welcome. Whether you’re looking for your next home or a strong investment property with existing rental income, this beautifully updated townhome is one you won’t want to miss. Schedule your showing today!

309 Amherst Avenue Unit 51, Sarasota

$142,900
2 Beds 2 Baths Oakwood Manor SubDv. 34237 Zip Code
OAKWOOD MANOR — WHERE FUN AND FRIENDSHIP HAPPEN UPDATED, TURNKEY & CLOSE TO EVERYTHING SARASOTA OFFERS Welcome to Oakwood Manor, a sought-after 55+ resident-owned community in the heart of Sarasota. Spanning 90 beautifully maintained acres, this vibrant neighborhood offers true resort-style living at an incredibly affordable $210/month. Enjoy a full lineup of amenities including a welcoming clubhouse with commercial kitchen and stage, fitness center, library, heated pool, hot tub, bocce ball, shuffleboard, and putt-putt golf. Love pickleball? You’re just a short bike ride to the Legacy Trail with brand-new courts. (Please note: no pets, motorcycles, or RVs permitted.) This meticulously maintained 2-bedroom, 2-bath home is being sold turnkey—just bring your suitcase and start enjoying the Florida lifestyle. Step inside to a bright, sun-filled living room surrounded by windows—perfect for morning coffee or relaxing afternoons. The spacious kitchen offers abundant cabinetry and flows seamlessly into the dining area, ideal for entertaining. It comes fully equipped with stove, microwave, refrigerator, plus a washer and dryer conveniently located just steps away. **Recent updates and features include: *New laminate flooring throughout 2023 *Updated subflooring *Roof repairs (2024) *Hurricane straps on home and carport *AC with annual service contract *Tastefully updated guest bath **Located just steps from the clubhouse, you’ll have easy access to all community activities and social events. Prime Sarasota Location: Minutes to downtown, Siesta Key Beach, St. Armand's Circle, shopping, Sarasota-Bradenton International Airport, and top medical facilities. **Move-in ready, spotless, and truly maintenance-free—this home is a must-see!

3226 Sweet Gum Terrace, Sarasota

$139,000
2 Beds 2 Baths Tri-Par Estates SubDv. 34234 Zip Code
Investor Opportunity in a Sought-After 55+ Community – CAP Rate Over 11% with Yearly Lease Already in Place This is the kind of deal investors look for—immediate income, strong upside, and a property in a desirable over-55 community. This 2-bedroom, 1.5-bath home offers approximately 915 square feet of living space, plus a flexible bonus room that can easily function as a third bedroom, office, or den, increasing both appeal and potential value. Recent improvements, including a new carport and screened-in porch, add value while reducing near-term upgrade needs. The home also features an in-unit washer and dryer and an outdoor shower, adding convenience and livability for occupants. For investors seeking reliable cash flow with room to add value, this property checks all the boxes—leased, income-producing, and positioned for even greater returns. Tri-par Estates is a 55+ community that provides a wealth of amenities: enjoy a heated and cooled large pool for year-round swimming, a brand-new spa, tiki hut, pickleball courts, fitness center, shuffleboard, miniature golf, horseshoes, and various recreation hall rooms equipped with ping-pong, billiards, card tables, a kitchenette, sewing areas, and more. The expansive clubhouse regularly hosts dinners, dances, and other events. Situated only minutes from downtown Sarasota, you’ll have easy access to marinas, shopping, restaurants, museums, the world-renowned Siesta Key and Lido Key beaches, and Sarasota airport. In this special park and recreation district, residents own their land directly, with no separate HOA fees—an annual fee of $1,648 is included in your property taxes. Internet and TV included in the annual fee This is also a golf cart-friendly community with optional RV or boat storage when available. Don’t miss the opportunity to join this lively, well-established neighborhood in paradise.

4819 Sea Island Avenue, Sarasota

$136,000
2 Beds 2 Baths Tri-Par Estates SubDv. 34234 Zip Code
Discover the possibilities of this distinctive 2-bedroom, 2-bath property, where you own the land with no lot lease. The home also offers the potential for a third bedroom or den, along with a spacious laundry room and an expansive living area. Conveniently located just minutes from the airport and the bay (approximately 1.5 miles and 2.5 miles away, respectively), this property offers both accessibility and charm. Encompassing approximately 1,100 square feet, the home is situated on a generous corner lot accented by attractive river rock landscaping. Whether you choose to renovate the existing residence or build anew, this property presents an inviting opportunity to create something truly your own. Tri-par Estates is a 55+ community that provides a wealth of amenities: enjoy a heated and cooled large pool for year-round swimming, a brand-new spa, tiki hut, pickleball courts, fitness center, shuffleboard, miniature golf, horseshoes, and various recreation hall rooms equipped with ping-pong, billiards, card tables, a kitchenette, sewing areas, and more. The expansive clubhouse regularly hosts dinners, dances, and other events. Situated only minutes from downtown Sarasota, you’ll have easy access to marinas, shopping, restaurants, museums, the world-renowned Siesta Key and Lido Key beaches, and Sarasota airport. In this special park and recreation district, residents own their land directly, with no separate HOA fees—an annual fee of $1,648 is included in your property taxes. Internet and TV included in the annual fee This is also a golf cart-friendly community with optional RV or boat storage when available. Don’t miss the opportunity to join this lively, well-established neighborhood in paradise.

5066 Pebble Beach Avenue, Sarasota

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