Listing Details for MLS #N6125473
133 W Bay Street, Osprey Fl 34229, Osprey, Fl

Land - Real Estate in Osprey

Listing Price: $2,879,000 (Mortgage Calculator →)Days on Market: 20

Description of Property

Half-Acre with 100 feet Direct BAYFRONT LAND Zoned RMF1 with Opportunity to Develop. The property lies within a Special High Density Overlay District with ability to up-zone to RMF2 or RMF3. The first photo rendition is a model with current RMF1 zoning; allowing a building 15,840 square feet of living space over parking, on a buildable site of 7920 square feet.; per County setbacks. Upzoning to RMF2 or RMF3 would allow more levels of living space and be the Highest and Best Use of the land and makes this a Perfect site to develop luxury condos or build a Luxury Compound. Also, please note: with the current RMF1 zoning you may build a luxury single family residence while keeping the existing duplexes or another duplex above a garage. The Newly constructed 150-foot dock has mooring for numerous boats and there is the ability to expand the dock as well as additional dockage. Located in the affluent Osprey Village-Spanish Point, one of the hottest developing areas in town, and the fastest growing bayfront walking community in Sarasota County! Currently there is a unique 4-Plex on the land, which is two duplexes with two addresses on one parcel. Another bonus is that currently the 4-Plex is hooked up to County water, plus County sewer and a central gas line are available within 150 feet. Parrot Cove, next door to north, is building nine multi-million-dollar homes, 49 luxury townhouses have been approved immediately to the south-east at the corner of Tamiami Trail, and 22 luxury condos are proposed to be built a block south. This is a unique opportunity as the current two duplexes allow for instant occupancy or functioning as income-producing while working on plans and permitting; and then maybe a construction office. Picturesque wide Bay views across to North Casey Key and sensational sunsets with no condos to interrupt the sunsets, just like 100 years ago! Watch the rowers glide across the bay from the private lush grounds with a 150-year-old Grand Oak Tree by the bay, private beach area with firepit, pathways and mature natural Florida landscape. The existing four residences are “Old Florida” classic open loft bungalows from the 1950's and have been updated with all modern amenities while preserving the historic charm. Turnkey ready for occupancy. More information available if desired. Fantastic West of The Trail location is an easy walk to Historic Spanish Point, numerous restaurants plus shopping. Easy access to Nokomis Beach, Legacy Trail, Siesta Key, shopping, medical, UTC Mall, downtown Sarasota, St Armand’s Circle, The Island of Venice, all area airports, plus private air travel options are available on The Island of Venice. Developers know this is a once in a lifetime opportunity to develop a bayfront property, on a special part of Little Sarasota Bay. Must have an appointment to see. Please Do Not enter the property without an appointment.