Land - Real Estate in Sarasota
SOLD for $960,000 on February 4, 2022
Listing Price: $949,000Sold Price: $960,000Sold Price/List Price: 101%
Sold Price/Original List Price: 96.01%
Description of Property
OPPORTUNITY IS KNOCKING! Live, build, or develop in downtown Sarasota! Charming 3/2 with SEPARATE STUDIO on a 12,330-square-foot double lot parcel is conveniently located in the historic Central Cocoanut neighborhood—a few blocks from the thriving Rosemary District and minutes from the heart of downtown, the Bayfront, Ringling College of Art & Design, and the museum district. LIVE/WORK NOW! Adjacent parcel is also available, offering an opportunity to develop alongside other exciting new projects or to assemble for a HIGHER DENSITY. Development options are almost endless with North Trail zoning and an optional North Trail overlay. Current zoning on the lot allows for 3 stories and a wide range of uses, including 9 residential units, 9 mixed-use units, or a 14-room BOUTIQUE HOTEL. If a developer chooses to opt into the North Trail overlay, the maximum building height increases to 4 stories. The North Trail is part of a huge development push, with planted medians and pedestrian-friendly roundabouts connecting the neighborhood to both downtown and the Bayfront. A popular walking and bicycling route offers easy access to the shops and restaurants of the Rosemary District, the arts and cultural district (including the Van Wezel, Sarasota Opera and Florida Studio Theatre), and The Bay redevelopment project. Enjoy a gourmet brunch or wine tasting at The Reserve just across the street. This very special property is also across the street from scenic Whitaker Park, with its walking trails snaking alongside the picture-perfect Sarasota Bay, picnic pavilions, a new playground, and a fishing pier. It’s also a few blocks from the Bay Park Conservancy, 53 acres of city-owned land along Sarasota Bay that will establish a cultural and economic legacy for the region.
Property Details At A Glance
Property Type: Land
City: Sarasota
County: Sarasota
Subdivision: Valencia Terrace Rev
Annual Tax: $1,734
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
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Waterfront Info
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Water Access: Not specified
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Water View: Bay/Harbor - Partial
Water Name: Sarasota Bay
Exterior & Construction
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Other Structures: Other, Workshop
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Sewer: Public Sewer
Water Source: Public
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Lot Information
Lot Features:
- Buildable
- City Lot
- Oversized Lot
- Urban
Lot Size (acres): 0.28
Lot Size (sq. ft.): 12,360 square feet
Lot Dimensions: 120x103
Road Frontage: City Street
Front Exposure: South
Adjoining Property:
- Commercial
- Multi-Family
- Residential
- Retail
- Vacant
Legal Description & Other Information
Financing Available: Cash
Parcel Number: 2025050044
Zoning: NT
Pets Allowed/Pet Policies: Yes
Tax Legal Desc.: LOTS 20 & 21 BLK C REV PLAT OF VALENCIA TERRACE
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.