Residential Property - Single Family Residence in Sarasota
Listing Price: $599,000 (Mortgage Calculator →)Cumulative Days on Market: 223
Description of Property
The seller has officially been notified by Sarasota County that the property can be subdivided into up to 5 lots. This is a rare and exciting opportunity to acquire a substantial 0.77-acre parcel in the highly desirable Proctor Road / Madison Park area of Sarasota, offering excellent development potential. Buyer is responsible for performing their own due diligence, including all necessary inspections, verifications, and processes with Sarasota County Planning & Development Services. There is currently a septic system on the property, with sewer available at the street. The site features an existing 3-bedroom, 3-bath home originally built in 1930 and subsequently renovated, plus a separate cottage on a beautifully treed lot with no HOA. This presents tremendous upside for renovation, redevelopment, or subdivision. Nestled in the vibrant heart of Sarasota, this parcel offers an enviable central location — conveniently close to downtown Sarasota’s cultural attractions, world-class beaches, fine dining, shopping, and entertainment. Just a short distance away is access to the renowned Legacy Trail, a scenic 23+ mile paved path perfect for biking and walking. Nearby parks provide additional green space and recreational opportunities. The lush, mature landscaping envelops the property in abundant shade and privacy. Electrical and plumbing were brought to code standards in 1991, providing a solid foundation for future improvements. Best of all, there is no HOA, giving you complete freedom to park your boat, RV, trailer, or design and build your dream home (or homes). This unique, peaceful gem combines generous land, prime in-town accessibility, and significant potential — making it an ideal opportunity in one of Sarasota’s most sought-after areas!
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Sarasota
County: Sarasota
Subdivision: Madison Park
Bedrooms: 3
Bathrooms: 3
Sq. Ft. Gross: 2,894
Sq. Ft. Living Area: 2,894
Cost per (heated) sqare foot: $207
Year built: 1930
Annual Tax: $3,466
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Appliances: None
Flooring: Other
Pool & Waterfront Info
Private Pool: Not specified
Exterior & Construction
Construction: Wood Frame
Foundation: Slab
Roof: Shingle
Exterior Features: Private Yard
Carport: Yes
Carport Spaces: 1
Floors Total: 1
Floors in Unit: One
Cooling: None
Heating & Fuel: Electric
Other Structures: Guest House
Sewer: Septic Tank
Water Source: Public
Lot Information
Lot Size (acres): 0.77
Lot Size (sq. ft.): 33,490 square feet
Front Exposure: North
Legal Description & Other Information
Financing Available: Cash
Parcel Number: 0087030006
Zoning: RSF3
Tax Legal Desc.: LOTS 1, 2, 3, 4 & 7 BLK C, LESS PROCTOR RD R/W AS DESC IN ORI 2002059273 ALSO SUBJ TO 45 SF DRAINAGE ESMT TO SARASOTA COUNTY AS DESC IN ORI 2002059275 ALSO SUBJ TO 90
Section: 9
Range: 18E
Listing courtesy of MICHAEL SAUNDERS & COMPANY. 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.