5331 Olive Ave, Sarasota, FL 34231
Property image
Property image
OFF MARKET

$372,300

Trulia Estimate
as of Sep 15, 2026
  • 2 Beds
  • 1 Bath
  • 702 sqft

5331 Olive Ave, Sarasota, FL 34231

Gulf Gate Estates

Home Highlights

Apartment
702 sqft
$530/sqft
Carport

Local Information

  • Map ViewExplore the area around 5331 Olive Ave.
  • Schools2 Preschool Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

This is a 2 Bedroom 1 Bath Duplex. This unit features wood-grain laminate floors throughout the living area and bedrooms. The kitchen has stainless steel appliances and includes a sliding glass door to the screened in patio. There are two bedrooms and the bath has a tub / shower combination with a tile backsplash. This unit does not have central air and it has window A/C units. The driveway includes a carport. This unit is located near Clark Rd and US 41. Take Stickney Point and Siesta Key is just a short way! There are plenty of restaurants, shopping plazas and parks nearby. Red Bug Slough is a 72-acre preserve that has several miles of hiking trails, a small playground, picnic shelters and a fishing dock. We score every application. If an application doesn't score high enough, the resident may be required to place the equivalent of two months' rent in a security deposit. Please be aware that leasing this property includes a non-optional Home Assistant Services Package that will cost an additional $30 per month. These services and their cost are separate from Tenant's monthly rent payment and all other payments described in the Lease or any separate Lease addendums.
1 Pet Max. 60 lbs Max. Dogs with Breed Restrictions.
Restaurants, Parks, Shopping and Siesta Key Beach
Sarasota County
1 Car Carport
Stainless Steel Appliances, Sliding Door to Patio
Open Floorplan
Screened Patio, Yard

Sewage included

Pest Control Included
Screened Porch
Sewer Included
5331 Olive Ave, Sarasota, FL 34231 is a 2 bedroom, 1 bathroom, 702 sqft apartment in Gulf Gate Estates. It last sold for $375,000 on Dec 9, 2021 (25,762% above the $1,450 asking price). More recently, it was listed as a rental in November 2025 with an asking price of $1,595 per month. That rental listing was removed on January 30, 2026. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $372,300, with a rent estimate of $1,517/month.

Home Details for 5331 Olive Ave

Property Information

Property Type / Style
Property Type: Apartment

Rental Terms, Policies & Fees

Lease Term: One Year LeaseAvailable: now

Interior Features

Appliances & Utilities
DryerWasher

Exterior Features

Exterior Home Features
Lawn
Parking & Garage
Parking: Carport, On Site

Comparable Sales for 5331 Olive Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
2730 Hope St, Sarasota, FL
0.71
Apartment
$1,800,000
08/17/26
1
1
550 sqft
2237 Michele Dr, Sarasota, FL
1.28
Apartment
$590,000
05/11/26
2
2
814 sqft
1632 Stickney Point Rd #201, Sarasota, FL
1.97
Apartment
$340,000
07/10/26
2
2
1,016 sqft
1648 Stickney Point Rd #202, Sarasota, FL
1.97
Apartment
$320,000
02/18/26
2
2
1,016 sqft
1250 N Portofino Dr #305, Sarasota, FL
2.21
Apartment
$360,000
03/31/26
1
2
780 sqft
1223 Siesta Bayside Dr #1223, Sarasota, FL
2.30
Apartment
$475,000
12/02/25
1
1
956 sqft
4988 Elizabeth Ave, Sarasota, FL
2.36
Apartment
$175,000
09/03/26
2
2
448 sqft
1226 Siesta Bayside Dr #C, Sarasota, FL
2.30
Apartment
$650,000
11/20/25
2
2
1,280 sqft
3360 S Osprey Ave #212B, Sarasota, FL
2.60
Apartment
$235,000
04/22/26
2
2
1,122 sqft
2447 Clubhouse Cir #203-5, Sarasota, FL
2.64
Apartment
$160,000
05/04/26
2
2
1,090 sqft
Home facts updated by county records

Nearby homes

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Rental Market Trends in Gulf Gate Estates

Last updated Sep 2026
Trulia Rent Estimate$1,517/mo
Average rent
$2.8K
$5MoM
Available listings
103
View rental market trends in Sarasota, FL

Around this home

Neighborhood Overview

Gulf Gate Estates
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Gulf Gate Estates

At least 74 Trulia users voted on each feature.

  • 94 % Say it's dog friendly

  • 87 % Say parking is easy

  • 84 % Say car is needed

  • 81 % Say it's walkable to restaurants

  • 80 % Say it's walkable to grocery stores

  • 77 % Say there's holiday spirit

  • 77 % Say yards are well-kept

  • 73 % Say people would walk alone at night

  • 66 % Say there are sidewalks

  • 65 % Say they plan to stay for at least 5 years

  • 64 % Say neighbors are friendly

  • 59 % Say it's quiet

  • 58 % Say there's wildlife

  • 56 % Say kids play outside

  • 54 % Say streets are well-lit

  • 32 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Carrie Garrigus
    "Quaint neighborhood, very friendly, and often decorative during each of the holidays. Close to shopping and the beach."
    0
    Flag
  • Trulia User
    "gulf gate is nice, lots of restaurants, lots of traffic but thats ok, theres publix, a detweilers and a Dollar general "
    1
    Flag
  • Trulia User
    "Gulf Gate is a family friendly area. There is a wonderful elemwntary school, small stores, shops, and restaurants, and churches. It is low crime and safe with sidewalks. There is plenty of trees and beautiful parks and preserves. Playgrounds in the area are well maintained. "
    0
    Flag
  • Trulia User
    "Dog owners enjoy visiting with the friendly neighbors and observing the birds and beautiful wildlife around the pond. "
    0
    Flag
  • Trulia User
    "Neighbors are not just friendly but neighbors are friends. Neighbors will lend a helping hand when needed. Great area for dog walking. Children play in area. Beautiful trees and wildlife around pond and creek."
    3
    Flag
  • Paul J.
    "very peaceful and people are nice and help each other out definitely not a bad neighborhood...................comunity acceptance"
    10
    Flag
  • Karen S.
    "Gulf Gate neighborhood is convenient to grocery, restaurants, beaches and church. Most homes are well maintained."
    4
    Flag
  • Theinformedmommy
    "I’ve lived here my entire life, and I love the area and the homes. There are a few really beautiful areas that are perfect for raising a family. Lots of children, great schools, pet friendly, great restaurants and night life, what more could you ask for? "
    15
    Flag
  • Robert O.
    "This is the perfect neighborhood And I like to stay here as long as I can Has perfect people and perfect straits and Houses"
    4
    Flag
  • Shawna D.
    "The streets are very dark in the evening and I haven't really noticed a lot of children running around playing in the area"
    0
    Flag
  • LAM1218
    "Our entire street decorates with Christmas lights for the holidays. We put up a big star at the end of the street and light illuminaries lining the street on Christmas Eve/ Christmas Day."
    0
    Flag
  • LAM1218
    "I grew up in this neighborhood and always enjoyed playing outside with my neighborhood friends. There is a sense of safety and freedom to be a kid here. Wouldn’t have traded my experience for anything!"
    0
    Flag
  • Marlenacaporice
    "Nice part of town. Close to everything. Neighbors are friendly. House is a decent size for our first home with plenty of room for the dogs and baby"
    13
    Flag
  • Eric W.
    "There is a strong sense of community here, and people are friendly. It's a nice place to raise a family, and feels very safe. We have been here 5 years."
    10
    Flag
  • Brooke O. B.
    "Palmer Ranch is a geographic area in Sarasota with many small communities within. Golf communities are Prestancia, Stoneybrook and The Oaks Golf and Country Clubs. Costco and the Sarasota Square Westfield Mall are great places to shop. Call me for info about homes and condos available for sale in neighborhoods like Turtle Rock and Silver Oak. There are several access points to the Rails to Trails Legacy trail which spans miles for cyclist and runners and lead to the beach in Venice FL. "
    0
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  • Kcourcey
    "Quiet neighborhood away from busy streets. Lake/pond is serene and offers up-close views of ducks, herons, egrits, etc. Walk to Publix market. The pristine Siesta Key beaches are a 2 mile bike ride. Nearby Sarasota has museums, theater, restaurants galore."
    0
    Flag

LGBTQ Local Legal Protections

Price and Tax history

DateEventPrice
Jan 30, 2026
Source: Zillow Rentals
ListingRemoved
$1,450
Jan 23, 2026
Source: Zillow Rentals
PriceChange
$1,450
Price decreased by 3%
Jan 8, 2026
Source: Zillow Rentals
PriceChange
$1,495
Price decreased by 4%
Dec 5, 2025
Source: Zillow Rentals
PriceChange
$1,550
Price decreased by 3%
Nov 10, 2025
Source: Zillow Rentals
Listed For Rent
$1,595

Frequently asked questions about 5331 Olive Ave

  • What is 5331 Olive Ave estimated to be worth?
    Trulia's estimated value for 5331 Olive Ave in Sarasota, FL is $372,300.
  • What is the price history for 5331 Olive Ave?
    5331 Olive Ave in Sarasota, FL last sold for $375,000 in December 2021.
  • Is Sarasota a buyer's or seller's market?
    Sarasota is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Sarasota?
    The median sale price in Sarasota is $423K. That is down $3.33K from the prior month.
  • Does 5331 Olive Ave have laundry facilities?
    Yes, 5331 Olive Ave in Sarasota, FL has in-unit laundry.
  • Does 5331 Olive Ave have parking?
    Yes, 5331 Olive Ave in Sarasota, FL has on-site parking.

Homes for rent near 5331 Olive Ave

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Affordability

TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
PER YEAR
is the suggested income
Win over prospective landlords with your smart budgeting. As a good rule of thumb, ideally you would have at least three times your monthly rent in combined household income.
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