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Under contract-accepting backup offers. Tucked into the heart of Gillespie Park, this storybook Key West bungalow feels like a private tropical escape—yet it’s just moments from downtown Sarasota, the Bayfront, top restaurants, shops, and the city’s vibrant arts and theater district. Bright, colorful, and impeccably cared for, this is one of those homes that makes you smile the moment you arrive. A winding brick path leads you to the charming front porch—wide, welcoming, and made for morning coffee, evening wine, and slow conversations under the ceiling fans. The cheerful exterior palette, metal roof, and lush palms set the tone for the relaxed Florida lifestyle waiting inside. The main home offers two bedrooms and one bath, filled with natural light, original wood floors, and classic details—including a cozy fireplace that anchors the living room. Every space feels warm, intentional, and lovingly maintained. The dining room flows easily into the kitchen, which is bright and functional with plenty of storage and vintage charm. Bedrooms are peaceful retreats with garden views, and the bathroom feels fresh and timeless. Step outside and you’re transported into a private backyard oasis. Brick pavers wind around a sparkling pool with a waterfall feature, surrounded by mature palms, tropical landscaping, and total privacy. This is where afternoons melt away—lounging poolside, hosting friends, or enjoying quiet evenings under the stars. Just beyond the pool sits the detached guest house—a fully self-contained space with one bedroom, one bath, kitchenette, and living area. Perfect for guests, extended family, work-from-home, or income-producing rental potential. All of this sits on an oversized lot—a rare find in downtown Sarasota—offering space for privacy, gardens, entertaining, or even future expansion. If you’ve been searching for a Gillespie Park home for sale, a downtown Sarasota bungalow, or a property with a guest house and pool, 1628 7th Street is the kind of place that doesn’t come around often—full of personality, charm, and true Florida soul.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,299,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,039,200 | $1,039,200 | $1,039,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.875% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 5.984% | 5.912% |
| Monthly Tax Payment | $483 | $483 | $483 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,900 | $6,147 | $8,630 |
| Total Monthly Payment | $6,508 | $6,755 | $9,238 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.