Residential Property - Single Family Residence in Sarasota
Listing Price: $250,000 (Mortgage Calculator →)
Description of Property
Situated in the heart of Sarasota, this exceptional 12,177 square foot corner lot presents a rare and highly valuable opportunity for investors, developers, and builders. The potential to develop brand-new homes in one of Sarasota’s most desirable and fast-growing areas makes this a prime investment with significant upside. While the existing 520-square-foot structure currently occupies the property, the true value lies in the land and its future development potential. The expansive size and strategic location provide flexibility in design and layout, creating the perfect foundation for high-quality new builds that will appeal to today’s buyers seeking modern homes in a well-connected neighborhood. In addition to building a brand-new single-family home, the buyer can also create an accessory dwelling unit (ADU) of up to 750 square feet—offering even more potential for income or multigenerational living. Located directly across from Red Bug Slough Preserve, the property offers both creative exposure and a unique blend of urban convenience and natural beauty. Future homeowners will enjoy immediate access to walking trails, dog paths, a tranquil lake, fishing piers, and picnic pavilions. The surrounding area is rich with amenities, including parks, schools, shopping centers, and dining options, while world-famous Siesta Key Beach is just a 10-minute drive away. As Sarasota continues to grow in popularity for its lifestyle, culture, and coastal charm, demand for well-located residential properties remains strong. This property represents a rare chance to build and capitalize on that demand. Whether you're a seasoned investor or a developer seeking your next project, this is a can’t-miss opportunity to create something exceptional in one of Florida’s most vibrant markets.
Bedrooms: 2
Bathrooms: 1
Sq. Ft. Gross: 520
Garage: No
Carport: No
Parking Features:
Spa Features:
Water Frontage:
Water Features:
Water Access:
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Sarasota
County: Sarasota
Subdivision: All States Park
Bedrooms: 2
Bathrooms: 1
Sq. Ft. Gross: 520
Sq. Ft. Living Area: 520
Cost per (heated) sqare foot: $481
Year built: 1956
Annual Tax: $926
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Appliances: Other
Flooring: Laminate
Schools
Elementary School: Wilkinson Elementary
Middle/Junior High School: Brookside Middle
High School: Riverview High
Pool & Waterfront Info
Private Pool: Not specified
Exterior & Construction
Construction: Metal Siding
Foundation: Slab
Roof: Shingle
Exterior Features: Storage
Floors in Unit: One
Cooling: Wall/Window Unit(s)
Heating & Fuel: Wall Units / Window Unit
Electric:
Patio & Porch Features:
Security Features:
Other Structures:
View:
Fencing:
Sewer: Public Sewer
Water Source: Public
Lot Information
Lot Size (acres): 0.28
Lot Size (sq. ft.): 12,177 square feet
Front Exposure: East
Additional Parcels: Yes
Additional Parcels Description: 87110001
Legal Description & Other Information
Financing Available: VA Loan
Parcel Number: 0087110001
Zoning: RSF3
Tax Legal Desc.: LOTS 23 & 24, BLK C, LESS W 15 FT THEREOF, LESS S 4 FT OF SAID LOT 24, LESS E 4 FT FOR R/W IN RPB 2/2, ALL STATES PARK, OR 2654/141
Section: 9
Range: 18
Listing courtesy of KELLER WILLIAMS ON THE WATER S. 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.