133 W BAY STREET, Osprey, FL, 34229
This half-acre parcel boasts 100 feet of pristine bayfront land, zoned RMF1, offering significant development potential. Situated within a Special High-Density Overlay District, it has the option to up-zone to RMF2 or RMF3, making it a prime investment opportunity. The initial photo rendition showcases a model conforming to current RMF1 zoning, allowing for a structure with 15,840 square feet of living space over parking, utilizing a buildable area of 7,920 square feet, following County setbacks. Upzoning to RMF2 or RMF3 would enable greater levels of living space, maximizing the land's potential. This property is ideal for developing luxury condominiums, creating a luxury compound, or constructing a high-end single-family residence, all while preserving the existing duplexes. Additionally, a newly constructed 150-foot dock with ample mooring space for multiple boats is in place, with room for expansion. Located in the flourishing Osprey Village-Spanish Point area, one of Sarasota County's fastest-growing bayfront communities, it offers a unique investment opportunity. Presently, the property features a distinctive 4-Plex, consisting of two duplexes with two addresses on a single parcel. Notably, the 4-Plex is connected to County water, and County sewer and a central gas line are accessible within 150 feet. The neighboring Parrot Cove is developing nine multi-million-dollar homes to the north, while 49 luxury townhouses have been approved to the southeast at the corner of Tamiami Trail, and 22 luxury condos are proposed a block south. The existing duplexes provide immediate occupancy or income-generating potential while you work on plans and permitting, perhaps even serving as a construction office. Enjoy breathtaking bay views across to North Casey Key, mesmerizing sunsets, and an unobstructed view reminiscent of a century ago. The property features a private beach area with a firepit, pathways, and mature natural Florida landscaping, including a 150-year-old Grand Oak Tree. The four existing residences are classic open loft bungalows from the 1950s, updated with modern amenities while preserving their historic charm. They are turnkey ready for immediate occupancy. Additional information is available upon request. Located west of The Trail, this property offers easy access to Historic Spanish Point, numerous restaurants, and shopping. Nokomis Beach, Legacy Trail, Siesta Key, medical facilities, UTC Mall, downtown Sarasota, St. Armand's Circle, and The Island of Venice are all within convenient reach. Moreover, various private air travel options are accessible from The Island of Venice. For developers, this is a once-in-a-lifetime opportunity to transform a bayfront property in a truly special part of Little Sarasota Bay. Appointments are required for viewings, and entry onto the property is strictly by appointment only.
Status:
Active
Type:
Lot / Acreage
Subdivision:
SARABAY ACRES
Lot Size:
100X200
Acreage:
0.47
Est. Taxes:
$12,768
Current Use
Other
Permitted Use
Other
Utilities
BB/HS Internet Available, BB/HS Internet Capable, Cable Connected, Electricity Available, Natural Gas Available, Public, Sewer Available, Sewer Nearby, Water Connected
Lot Description:
Buildable, Flood Plain, In County, Level, Near Golf Course, Near Marina, Near Public Transit, Oversized Lot, Room For Pool, Special Taxing District
View Description:
Water
Elementary School:
Venice Elementary
Middle School:
Venice Area Middle
High School:
Venice Senior High
Days on Market:
177
Pet Policy:
Yes
MLS #:
N6125473
Community Info
School Info
Victory Baptist Academy
Enrollment: 56
Distance: 0.76 Miles
The Study Center
Enrollment: 4
Distance: 4.56 Miles
Community Rating:
Gulf Gate Elementary School
Rating: 8/10
Enrollment: 711
Distance: 4.58 Miles
Community Rating:
Imagine School At Palmer Ranch
Rating: 6/10
Enrollment: 502
Distance: 4.69 Miles
Community Rating:
Saltmeadow School
Enrollment: 17
Distance: 5.05 Miles
Mangrove School of Sarasota
Enrollment: 71
Distance: 5.05 Miles
European Academy Of Early Education
Enrollment: 53
Distance: 5.43 Miles
Community Rating:
Sarasota Middle School
Rating: 9/10
Enrollment: 1,244
Distance: 5.66 Miles
Community Rating:
Laurel Nokomis School
Rating: 8/10
Enrollment: 1,181
Distance: 5.77 Miles
Community Rating:
NewGate School
Enrollment: 155
Distance: 5.87 Miles
Community Rating:
Ashton Elementary School
Rating: 10/10
Enrollment: 1,060
Distance: 5.88 Miles
Community Rating:
Prew Academy
Enrollment: 43
Distance: 6.1 Miles
Community Rating:
Riverview High School
Rating: 6/10
Enrollment: 2,606
Distance: 6.15 Miles
Community Rating:
Sarasota Virtual Academy (Virtual Franchise)
Enrollment: 0
Distance: 6.16 Miles
Sarasota County Technical Institute
Enrollment: 4
Distance: 6.16 Miles
Sarasota Virtual School
Enrollment: 45
Distance: 6.23 Miles
Sarasota Virtual Instruction (Course Offerings)
Enrollment: 0
Distance: 6.23 Miles
Suncoast Polytechnical High School
Rating: 8/10
Enrollment: 565
Distance: 6.24 Miles
Community Rating:
Wilkinson Elementary School
Rating: 3/10
Enrollment: 511
Distance: 6.5 Miles
Community Rating:
Triad
Enrollment: 57
Distance: 6.51 Miles
Phillippi Shores Elementary School
Rating: 9/10
Enrollment: 789
Distance: 6.52 Miles
Community Rating:
Hershorin Schiff Community Day School
Enrollment: 252
Distance: 6.64 Miles
Community Rating:
Island Village Montessori School
Rating: 7/10
Enrollment: 662
Distance: 6.69 Miles
Community Rating:
Sarasota Suncoast Academy
Rating: 7/10
Enrollment: 670
Distance: 6.72 Miles
Community Rating:
Out-Of-Door Academy
Enrollment: 742
Distance: 6.72 Miles
Community Rating:
Epiphany Cathedral School
Enrollment: 183
Distance: 7.02 Miles
Community Rating:
Incarnation Catholic School
Enrollment: 165
Distance: 7.28 Miles
Community Rating:
Lakeview Elementary School
Rating: 9/10
Enrollment: 599
Distance: 7.41 Miles
Community Rating:
Venice Elementary School
Rating: 9/10
Enrollment: 570
Distance: 7.46 Miles
Community Rating:
Brookside Middle School
Rating: 7/10
Enrollment: 754
Distance: 7.47 Miles
Community Rating:
Venice Senior High School
Rating: 6/10
Enrollment: 2,236
Distance: 7.69 Miles
Community Rating:
Brickhouse Academy
Enrollment: 31
Distance: 7.7 Miles
Community Rating:
Brentwood Elementary School
Rating: 6/10
Enrollment: 655
Distance: 7.99 Miles
Community Rating:
Walk Score
Yelp
Listing courtesy of AYERS AND ASSOCIATES REAL ESTATE Phone: 941-266-3193