Residential Property - Single Family Residence in Sarasota
Listing Price: $1,700,000 (Mortgage Calculator →)
Description of Property
Exceptional investment and development opportunity in Sarasota! This 2.81-acre property, located just off Fruitville Road east of McIntosh, offers significant potential for builders and developers. The seller has already invested substantial time and resources into obtaining approval for a 14-unit multifamily project, paving the way for a streamlined development process. Zoned RSF-3, the property is largely cleared and includes a small pond, adding natural appeal to its layout. The existing 3,100 sq. ft. home, rebuilt five years ago, is on well and septic, with a design well-suited for single-room rentals—an excellent interim revenue source. Alternatively, the zoning allows for a maximum gross density of 12 single-family lots, making this property versatile for a range of development strategies. With its central location and much of the groundwork for approvals already underway, this property presents a rare opportunity for investors and builders to capitalize on a project primed for success.
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Sarasota
County: Sarasota
Subdivision: Tuckers Add
Bedrooms: 4
Bathrooms: 4
Sq. Ft. Gross: 3,325
Sq. Ft. Living Area: 3,100
Cost per (heated) sqare foot: $548
Year built: 1963
Annual Tax: $5,379
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Appliances:
- Dishwasher
- Electric Water Heater
- Range
Accessibility Features:
Window Features:
Additional Rooms:
Ceiling Type:
Flooring: Porcelain Tile
Schools
Elementary School: Fruitville Elementary
Middle/Junior High School: McIntosh Middle
High School: Sarasota High
Pool & Waterfront Info
Private Pool: Not specified
Pool Features:
Spa Features:
Water Frontage:
Water Access: Not specified
Water Access Type:
Water View:
Exterior & Construction
Architectural Style: Florida, Ranch
Construction: Wood Frame, Wood Siding
Foundation: Slab
Roof: Shingle
Exterior Features: Private Mailbox, Rain Gutters
Parking Features: Driveway
Floors Total: 1
Floors in Unit: One
Cooling: Central Air
Heating & Fuel: Central, Electric
Electric:
Patio & Porch Features: None
Security Features:
Other Structures:
View: Trees/Woods
Fencing:
Utilities:
- Electricity Connected
- Public
- Underground Utilities
- Water Connected
Sewer: Septic Tank
Water Source: Well
Community Features:
Association Amenities:
Lot Information
Lot Features: Level
Lot Size (acres): 2.81
Lot Size (sq. ft.): 122,274 square feet
Road Frontage: Street Paved
Front Exposure: West
Adjoining Property:
Current Adjacent Use:
Legal Description & Other Information
Financing Available: Cash, Conventional
Parcel Number: 0045060006
Zoning: RSF3
Pets Allowed/Pet Policies: Yes
Tax Legal Desc.: PARCEL LYING IN S 1/2 OF SEC 23-38-18 & BEING A PART OF BLK B, TUCKERS ADDITION & PART OF CHRISTIE AVE VACATED IN OR 1505 PG 987, ALL BEING DESC AS COM AT NE COR OF SW 1/4 OF SAID SEC 23 TH
Section: 23
Range: 18E
Listing courtesy of COLDWELL BANKER REALTY. 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.