Listing Details for MLS #A4509820
625 S Palm Ave, Sarasota, Fl

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    Land - Real Estate in Sarasota

    Listing Price: $4,990,000 (Mortgage Calculator →)Days on Market: 29

    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.

    Looking west toward Sarasota Bay (the intracoastal), the Ringling Causeway and South Palm Avenue.  Downtown is to the right. Selby Gardens to the left. - MLS #A4509820 - SARASOTA
    Wide-angle show of the property, looking toward South Palm Avenue on the left, and Alderman Street on the right. - MLS #A4509820 - SARASOTA
    Subject property outlined in black.  Looking north. - MLS #A4509820 - SARASOTA
    Subject property outlined in black.  Looking south. (Orange Avenue to the left, S. Palm Avenue to the right.) - MLS #A4509820 - SARASOTA
    Looking south at 625 S. Palm--as well as another unique opportunity outlined in black toward the base of the picture, 6500 square feet on Oak Street. - MLS #A4509820 - SARASOTA
    A closer look at an adjacent property on Oak Street that could be purchased separately or bundled with 625 S. Palm at a savings. Oak Street can be left as is with a 2/1 vintage house, or replaced by a home, or up to 3 five-story condos. - MLS #A4509820 - SARASOTA
    Wide shot of the Sarasota Bayfront, South Palm Avenue, Downtown to the right--and the subject property in a black circle to the lower-middle of the photo. - MLS #A4509820 - SARASOTA

    Property Details At A Glance

    Property Type: Land
    City: Sarasota
    County: Sarasota
    Subdivision: Grosvenor Park Sub / Grosvenor Park
    Annual Tax: $9,953

    Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.


    Elementary School: Southside Elementary
    Middle/Junior High School: Brookside Middle
    High School: Sarasota High

    Waterfront Info

    Water Access: No

    Exterior & Construction

    Utilities: Public
    Sewer: Public Sewer
    Water Source: None

    Lot Information

    Flood Zone Code: AE
    Acreage Description: 1/2 to less than 1
    Lot Size (acres): 0.53
    Lot Size (sq. ft.): 23,400 square feet
    Lot Dimensions: 23400
    Front Footage: 71
    Front Exposure: West

    Legal Description & Other Information

    Zoning: DTE
    Tax Legal Desc.: LOTS 3 4 5 & 6 BLK D GROSVENOR PARK
    Parcel Number: 2027140037
    Section: 19
    Range: 18E
    Township: 36S



    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.

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