Residential Property - Single Family Residence 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
Rare opportunity! Live, build or develop in downtown Sarasota! Located across from the Bayfront and just blocks from the heart of downtown, this prime property is part of the North Trail zoning district with optional North Trail overlay. The 12,360-square-foot double lot can accommodate 9 units/4 floors. This commercial zone is in a fast-growing urban neighborhood and allows for a wide range of uses, including—but not limited to— multi-family, mixed-use, retail, restaurant, hotel and office. Additional adjacent parcels may be available, offering a rare opportunity to develop alongside other exciting new projects. Subsidize expenses with rental income as your new development is planned. The property currently features a 1,916-square-foot main residence, a separate building with bedroom and full bath, washer/dryer (currently rented), and a spacious garage. The main home is in excellent, move-in condition, featuring 3 beds/2 baths, separate dining and den, original wood flooring, a wood-burning fireplace, crown molding, arched entrances, and storm windows. Both buildings have newer roofs; the updated outbuilding has a new bathroom, plumbing and HVAC system and could be used as an art studio, office, or income property. This very special property is also just 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: Residential
Property Use or Sub Type: Single Family Residence
City: Sarasota
County: Sarasota
Subdivision: Valencia Terrace Rev
Bedrooms: 3
Bathrooms: 2
Sq. Ft. Gross: 2,042
Sq. Ft. Living Area: 1,916
Cost per (heated) sqare foot: $495
Year built: 1956
Annual Tax: $1,734
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Appliances: Other
Fireplace: Yes
Fireplace Features:
Flooring: Other
Pool & Waterfront Info
Private Pool: Not specified
Exterior & Construction
Construction: Stucco
Foundation: Stem Wall
Roof: Shingle
Exterior Features: Other
Garage: Yes
Garage Spaces: 2
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Central
Electric:
Patio & Porch Features:
Security Features:
Other Structures:
View:
Fencing:
Sewer: Public Sewer
Water Source: Public
Lot Information
Lot Features: City Lot, Oversized Lot
Lot Size (acres): 0.28
Lot Size (sq. ft.): 12,360 square feet
Lot Dimensions: 120x103
Front Exposure: South
Legal Description & Other Information
Financing Available: Cash
Parcel Number: 2025050044
Zoning: NT
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.