Price Reduced 11.90%
Price History
$1,680,000
1/6/2026
$1,480,000
3/5/2026
1621 MEMORY LANE, Sarasota, FL, 34231
1621 Memory Lane presents a rare opportunity to build a custom bayfront estate on Little Sarasota Bay in the Bayview Acres neighborhood, one of Sarasota’s most strategically positioned mainland waterfront communities. Situated on a quiet no-through street south of Stickney Point Road and west of Tamiami Trail, this expansive .47-acre parcel offers approximately 100 feet of direct frontage on the bay and the scale to design a significant coastal residence with generous outdoor living areas, pool, and the ability to construct a private pier, subject to permitting. The property is offered as a vacant lot for $1,480,000 or as a to-be-built custom residence by The Vision Group priced at $3,980,000, providing flexibility for buyers to bring their own builder or move forward with a fully designed plan. The setting delivers privacy and calm while remaining just minutes from the south bridge to Siesta Key and equally convenient to downtown Sarasota’s dining, arts, and cultural amenities. Continued investment along the U.S. 41 and Siesta Drive corridor, including Benderson’s planned retail and mixed-use development, further strengthens the long-term appeal of this location. The property is especially well suited for buyers transitioning off the barrier islands who want mainland accessibility without sacrificing water views, as well as inland residents ready to elevate to a true bayfront setting without HOA constraints. With limited remaining buildable bayfront parcels of this size and frontage—and new construction next door on a comparable lot estimated at $6 million in value—the economics present a compelling opportunity to build at a meaningful discount to neighboring new construction.
Status:
Active
Type:
Lot / Acreage
Subdivision:
NOT PART OF A SUBDIVISION
Acreage:
0.47
Est. Taxes:
$16,466
Current Use
Residential
Utilities
Cable Available, Electricity Available
Lot Description:
Oversized Lot, Street Dead-End
Elementary School:
Gulf Gate Elementary
Middle School:
Brookside Middle
High School:
Riverview High
Days on Market:
58
MLS #:
A4677058
Community Info
School Info
Walk Score
Yelp
Listing courtesy of MICHAEL SAUNDERS & COMPANY 941-951-6660