Residential Property - Single Family Residence in Sarasota
Listing Price: $1,400,000 (Mortgage Calculator →)
Description of Property
Rare Investment Opportunity in Downtown Sarasota’s Development Wave! Four contiguous lots across two parcels totaling approximately 0.44 acres (19,200 SF) at 1721 & 1743 8th Street, located in the heart of one of downtown Sarasota’s most exciting transformation zones. This restored vintage home with an effective year built of 2000 sits in a rapidly evolving neighborhood becoming one of the city’s most desirable addresses. Just steps from the beloved 10-acre Gillespie Park, featuring grand oaks, tennis and basketball courts, scenic pond, dog park, fitness trail, and walking paths. Enjoy walking distance to Main Street’s shops, galleries, and restaurants, and only 0.7 miles to Sarasota’s waterfront and The Bay, the city’s new 53-acre signature park. The property lies within an Opportunity Zone with no HOA and no deed restrictions, offering exceptional flexibility for investors and developers. Close to the downtown business district and minutes from the Westcoast Black Theatre Troupe, surrounded by Sarasota’s vibrant cultural and commercial scene. Prime Development Potential: Build 4–6 residential units in this rapidly appreciating neighborhood where new projects are transforming the landscape, ideal for townhomes, multi-family residences, or custom urban homes. The location offers the walkability, green space, and downtown access today’s buyers seek. Existing structures may offer potential savings on impact fees, adding further value for developers. Investment Strategies: Buy and hold by renting the existing 2-bedroom, 2-bath home for income while land values continue to rise, or develop now and capitalize on downtown Sarasota’s growth. Residents enjoy convenient access to downtown dining, arts, and entertainment, including Van Wezel Performing Arts Hall, Sarasota Orchestra, Marie Selby Botanical Gardens, and the Bayfront Marina. This is a rare opportunity to secure a property in the path of Sarasota’s continued downtown development.
Property Details At A Glance
Property Type: Residential
Property Use or Sub Type: Single Family Residence
City: Sarasota
County: Sarasota
Subdivision: Schindlers
Bedrooms: 2
Bathrooms: 2
Sq. Ft. Gross: 1,662
Sq. Ft. Living Area: 1,400
Cost per (heated) sqare foot: $1,000
Year built: 1925
Annual Tax: $4,332
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Appliances: None
Fireplace: Yes
Fireplace Features: Wood Burning
Flooring: Hardwood
Pool & Waterfront Info
Private Pool: Not specified
Exterior & Construction
Architectural Style: Ranch
Construction: Stucco
Foundation: Crawlspace
Roof: Shingle
Exterior Features: French Doors
Parking Features: None
Floors in Unit: One
Cooling: Wall/Window Unit(s)
Heating & Fuel: Central
Fencing: Fenced
Sewer: Public Sewer
Water Source: Public
Community Features: Tennis Court(s)
Lot Information
Lot Size (acres): 0.44
Lot Size (sq. ft.): 9,200 square feet
Front Exposure: North
Additional Parcels: Yes
Additional Parcels Description: 2026020109
Legal Description & Other Information
Financing Available: Conventional
Parcel Number: 2026020109
Zoning: RMF2
Pets Allowed/Pet Policies: No
Tax Legal Desc.: E 17 FT OF LOTS 3 4 & ALL LOT 6 & W 1/2 OF LOT 8 B
Listing courtesy of FINE PROPERTIES. 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.