Land - Real Estate in Sarasota
SOLD for $3,550,000 on March 24, 2022
Listing Price: $4,225,000Sold Price: $3,550,000Sold Price/List Price: 84%
Sold Price/Original List Price: 71.14%
Description of Property
The surveys are piling up: US News & World Report calls Sarasota the 9th "Best Place to Live" in 2021. Time Magazine included Sarasota in the Top 100 "Most Interesting Places in the World." And now you have an opportunity to buy a piece of paradise in one of the most coveted neighborhoods in Downtown Sarasota. 625 S Palm Ave is one of the few remaining vacant tracts of land with Downtown Edge Zoning. You can build up to 13 luxury condominiums or townhouses at a maximum height of 5 stories (4 levels of residential over parking). An easy stroll to Marie Selby Botanical Gardens; downtown restaurants; Burns Court; art galleries; retail shops and entertainment. And just a block away from the waterfront! (Please note that 1526 Oak Street, across Elder Lane from the subject property is available separately at $1,675,000. Oak Street would accommodate 3 additional newly built dwelling units.) Please watch this professionally-narrated video complete with drone footage of both properties: https://www.youtube.com/watch?v=kkJfkVTLloc or click on the virtual tour and/or web link.
Property Details At A Glance
Property Type: Land
City: Sarasota
County: Sarasota
Subdivision: Grosvenor Park Sub
Annual Tax: $20,603
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Accessibility Features:
Window Features:
Additional Rooms:
Ceiling Type:
Flooring:
Schools
Elementary School: Southside Elementary
Middle/Junior High School: Brookside Middle
High School: Sarasota High
Waterfront Info
Pool Features:
Spa Features:
Water Frontage:
Water Access: Not specified
Water Access Type:
Water View:
Exterior & Construction
Architectural Style:
Construction:
Foundation:
Roof:
Exterior Features:
Parking Features:
Floors Total:
Floors in Unit:
Cooling:
Heating & Fuel:
Electric:
Patio & Porch Features:
Security Features:
Other Structures:
View:
Fencing:
Sewer: Public Sewer
Water Source: None
Community Features:
Association Amenities:
Lot Information
Lot Features:
Lot Size (acres): 0.53
Lot Size (sq. ft.): 23,400 square feet
Lot Dimensions: 23400
Front Exposure: West
Adjoining Property:
Current Adjacent Use:
Legal Description & Other Information
Parcel Number: 2027140037
Zoning: DTE
Tax Legal Desc.: LOTS 3 4 5 & 6 BLK D GROSVENOR PARK
Listing courtesy of COLDWELL BANKER REALTY. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.