Residential Property - Single Family Residence in Sarasota
Listing Price: $1,095,000 (Mortgage Calculator →)
Description of Property
Build your downtown Sarasota legacy on one of the largest and most strategically positioned parcels to come to market in Gillespie Park in years. This rare ±19,400 SF double lot (100' x 194') sits in the heart of one of Sarasota's most actively transforming neighborhoods, offering a blank canvas for contractors, custom builders, developers, and end users ready to capitalize on the city's most compelling infill corridor. DTN (Downtown Neighborhood) zoning allows for this ±0.45-acre site the potential to support approximately 5 residential units, a luxury single-family estate, a multi-generational compound, or a boutique townhome project (buyer to verify all uses with the City of Sarasota). The two combined lots create a 100-foot-wide buildable footprint that is extraordinarily rare at this proximity to downtown. Located in Flood Zone X, the property carries no mandatory flood insurance requirement and faces none of the elevation and construction cost burdens that affect so much of coastal Sarasota — a significant competitive advantage for any development pro forma. The site is clean and ready for permitting. Gillespie Park is not an emerging neighborhood — it has arrived. Adjacent to the Rosemary District (Sarasota's most walkable neighborhood with a Walk Score of 88), the area is surrounded by completed and ongoing new construction. Residents walk to Main Street dining, the Sarasota Farmers Market, Whole Foods, Sprouts, Regal Cinema, the Van Wezel Performing Arts Hall, and The Bay — Sarasota's transformative 53-acre waterfront park. Siesta Key Beach is approximately 20 minutes away. Opportunities to acquire nearly half an acre with this zoning flexibility, this location, and this lot dimension do not come along often. Whether you are a developer looking for your next high-margin project or a buyer ready to build a custom urban oasis, this is the site.
Bedrooms: 8
Bathrooms: 3
Sq. Ft. Gross: 2,211
Garage: No
Carport: No
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Sarasota
County: Sarasota
Subdivision: Gillespie Park Sub
Bedrooms: 8
Bathrooms: 3
Sq. Ft. Gross: 2,211
Sq. Ft. Living Area: 2,211
Cost per (heated) sqare foot: $495
Year built: 1932
Annual Tax: $12,519
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Appliances: Washer
Flooring: Hardwood
Schools
Elementary School: Alta Vista Elementary
Middle/Junior High School: Booker Middle
High School: Booker High
Pool & Waterfront Info
Private Pool: Not specified
Exterior & Construction
Construction: Wood Frame
Foundation: Crawlspace
Roof: Shingle
Exterior Features: Storage
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Electric
Sewer: Public Sewer
Water Source: Public
Lot Information
Lot Size (acres): 0.45
Lot Size (sq. ft.): 19,400 square feet
Front Exposure: South
Legal Description & Other Information
Financing Available: Conventional
Parcel Number: 2026 08 0037
Zoning: DTN
Tax Legal Desc.: LOTS 11 & 12 & ADJ VACATED S 1/2 OF ALLEY IN ORD 97-3988 GILLESPIE PARK
Section: 19
Range: 18
Listing courtesy of DOUGLAS ELLIMAN. 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.