Residential Property - Single Family Residence in Sarasota
Listing Price: $3,975,000 (Mortgage Calculator →)
Description of Property
Downtown Sarasota land offers a rare development opportunity in the Gillespie Park neighborhood. This parcel is currently five lots with a remodeled 3/2 bungalow on the middle lot. Zoned “Downtown Neighborhood” (DTN), it offers a developer/investor many options to build up to 3 stories. The entire parcel is in The Opportunity Zone guaranteeing tax incentives. Options include: Up to 7 single-family homes with 7 accessory dwelling units (ADUs); Condos or Townhomes; Multifamily Luxury Apartment Enclave; Single-family home compound/estate; Live and work options. The existing back and side alley access is a major advantage for design considerations and private access to multiple dwellings. Location is everything. Walking distance to the heart of downtown Sarasota; Mere blocks away from 10-acre Gillespie Park with walking paths, tennis, pickleball, basketball courts and dog park; new Bayfront Park Project; Rosemary District; shops, restaurants, pharmacy, performing arts theaters, and a 15-minute drive to Lido beaches and St. Armands Circle; 15-minute drive to I-75.
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Sarasota
County: Sarasota
Subdivision: Matheny Sub
Bedrooms: 3
Bathrooms: 2
Sq. Ft. Gross: 1,727
Sq. Ft. Living Area: 1,284
Cost per (heated) sqare foot: $3,096
Year built: 1962
Annual Tax: $6,246
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Interior Features:
- Ceiling Fans(s)
- Master Bedroom Main Floor
- Open Floorplan
- Solid Surface Counters
- Thermostat
- Window Treatments
Appliances:
- Cooktop
- Dishwasher
- Dryer
- Electric Water Heater
- Microwave
- Range Hood
- Refrigerator
- Washer
Accessibility Features:
Window Features:
Additional Rooms:
Ceiling Type:
Flooring: Vinyl
Schools
Elementary School: Alta Vista Elementary
Middle/Junior High School: Booker Middle
High School: Booker High
Pool & Waterfront Info
Private Pool: Not specified
Pool Features:
Spa Features:
Water Frontage:
Water Access: Not specified
Water Access Type:
Water View:
Exterior & Construction
Property Features:
Architectural Style:
Rooms: 5
- Metal Frame
- Wood Frame
- Wood Siding
Foundation: Stem Wall
Roof: Shingle
Exterior Features: French Doors
Carport: Yes
Carport Spaces: 1
Parking Features: Covered, Driveway
Floors Total:
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Electric
Electric:
Patio & Porch Features:
Security Features:
Other Structures:
View: City, Trees/Woods
Fencing: Wood
Utilities:
- Electricity Connected
- Sewer Connected
- Water Connected
Sewer: Public Sewer
Water Source: Public
Community Features:
Association Amenities:
Lot Information
Lot Features:
- Cleared
- Corner Lot
- City Lot
- Level
- Near Marina
- Oversized Lot
Lot Size (acres): 0.6
Lot Size (sq. ft.): 26,250 square feet
Front Exposure: South
Adjoining Property:
Current Adjacent Use:
Legal Description & Other Information
Financing Available: Cash, Conventional
Parcel Number: 2026090145
Zoning: DTN
Tax Legal Desc.: LOTS 3, 5 & 7, MATHENY SUB, SUB OF LOTS 16 & 18, BLK K, PLAT OF SARASOTA, BEING A PORTION OF LANDS DESC IN ORI 2004042310
Listing courtesy of ALIGN RIGHT REALTY SRQ OPULENCE. 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.