433 N Osprey Ave

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  • 3 Beds
  • 3 Baths
  • 1949 SqFt

Price Improvement | Own a Sarasota Landmark in Gillespie ParkNow offered at a compelling new price, this one-of-a-kind property--The Boathouse & The Lighthouse--is a rare opportunity to own a nationally recognized architectural gem in Sarasota's walkable Gillespie Park neighborhood. Featured on HGTV's Zillow Gone Wild, this iconic compound blends history, artistry, and income potential in a way few properties across the country can match.Built in 1933 by master boatbuilder Oliver Blackburn for Captain Arthur Rowe--who served both John Ringling and William Selby--this property is a tribute to Sarasota's maritime legacy. The Boathouse and Lighthouse were designed as a land-based accomodation between a houseboat and a traditional home, and today they stand as a testament to creative living and historic preservation.The Boathouse offers 2 bedrooms, 2 baths, sunlit living spaces, a modern kitchen, and a spiral staircase leading to a private suite with balcony access.The Lighthouse is a vertical 1-bedroom, 1-bath retreat with three levels, including a panoramic observation room ideal for a studio, office, or creative escape.Set on a lushly landscaped lot, this property is the only available parcel in Gillespie Park, a neighborhood experiencing rapid transformation with new luxury homes--including a $2M+ build next door--raising values and expanding downtown Sarasota's footprint northward.Whether you're:An investor seeking high-performing short-term rentalsA visionary looking for a live/work compoundA history lover drawn to Sarasota's storied pastThis property offers unmatched flexibility and character. Live in one, rent the other, or reimagine both as a boutique retreat or artistic haven. With its central location just blocks from downtown Sarasota's dining, arts, and waterfront, and only 4.2 miles to Lido Beach, this is more than a home--it's a legacy.Bring all offers. The seller is motivated, and this iconic residence is ready for its next chapter

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Amenities

Interior Layout

  • Solid Surface Counters
  • Thermostat

Exterior Features

  • French Doors

Schools

  • Alta Vista Elementary
  • Booker High