Land - Real Estate in Sarasota
Listing Price: $3,250,000 (Sale Pending) (Mortgage Calculator →)
Description of Property
Under contract-accepting backup offers. Discover a unique and outstanding investment opportunity nestled in the heart of Sarasota's sought-after Gillespie Park neighborhood. This remarkable collection consists of three parcels featuring a charming main Florida bungalow home, a detached 1-bedroom apartment, plus two additional single-family homes, each with three bedrooms. Embrace the luxury of owning nearly 0.69 acres of prime real estate in a vibrant community. 30,000 square feet of land offers a mixture of Downtown Edge (DTE) and Downtown Neighborhood (DTN) zoning. DTE zoning allows for up to 25 units an acre, and DTN allows for up to 12 units an acre; however, the DTE portion qualifies for the Density Bonus program, which qualifies for the development of up to 34 units and commercial development The centerpiece of this fascinating compound is the main bungalow house, a true gem that radiates warmth and comfort, perfectly complemented by a serene swimming pool and an inviting paver patio, ideal for soaking up the Florida sun or hosting unforgettable gatherings. The carefully designed outdoor spaces promise endless hours of relaxation and enjoyment. Adding to the allure, a cozy 1-bedroom apartment offers privacy and convenience with its separate parking and entrance, presenting a perfect opportunity for rental income or guest accommodation. The two additional parcels, each featuring a 3-bedroom single-family home, offer a wealth of options for the discerning investor or homeowner. Live in the main residence and generate income by renting out the other properties, or explore the potential to build anew in this prime location. Gillespie Park is well-known for its tranquil atmosphere, friendly community, and proximity to downtown Sarasota's bustling array of shops, restaurants, arts, and entertainment options. This is a rare chance to own a piece of Sarasota's charm with the added flexibility and potential that these parcels offer.
Property Details At A Glance
Property Type: Land
City: Sarasota
County: Sarasota
Subdivision: Halls Sub James S
Annual Tax: $5,633
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
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Sewer: Public Sewer
Water Source: Public
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Lot Information
Lot Features:
Lot Size (acres): 0.69
Lot Size (sq. ft.): 30,153 square feet
Lot Dimensions: 64 x 117
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Additional Parcels: Yes
Additional Parcels Description: 2026-07-0062, 2026-07-0063
Legal Description & Other Information
Parcel Number: 2026070063
Zoning: DTE
Tax Legal Desc.: LOT 2 BLK D HALL SUB
Section: 19
Range: 18E
Listing courtesy of HARRY ROBBINS ASSOC INC. 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.