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417 N Osprey AVENUE, Sarasota, FL, 34236 | $399,900
Under contract-accepting backup offers. Located in the highly desirable downtown Sarasota area, this vacant lot presents a unique opportunity for investors and developers looking to build their dream property in one of the most coveted locations in the city. With its prime location just steps away from Gillespie Park and the sparkling waters of the bay, this rare lot which measures 58 ft x 101 ft has endless opportunities!
The lot's zoning allows for a range of building opportunities, making it an attractive option for those looking to create a unique investment property or a dream home in the heart of downtown Sarasota. The Downtown Neighborhood Zoning (DTN) district is primarily residential but also allows for a mixture of land uses. Residential dwellings may be single-family or multiple-family up to a maximum of 12 dwelling units per acre. In addition to a primary residential structure, an ancillary outbuilding is permitted on each lot. Low-intensity office, retail and lodging uses may be permitted in limited amounts. Retail stores are confined to corner lots. Other nonresidential uses that contribute to the residential attributes of a neighborhood are also allowed. Building height shall be limited to a maximum of three stories. Building frontages include porches, fences and terraces.
This property's location in the heart of downtown Sarasota means that it is just minutes away from some of the best restaurants, shopping, and entertainment in the area, as well as some of the city's most popular cultural attractions.
The lot's proximity to Sarasota bay and Gillespie Park also makes it a prime location for those who love the outdoors, offering easy access to some of Sarasota's most beautiful natural areas, including the ongoing reimagination of the 53 acre Bay project which will be a world class public space.
Property can be purchased individually or as a package with the adjoining 3 parcels which make up the entire block between 4th and 5th Streets on Osprey Avenue. Additional MLS Listings: A4568514, A4568787, A4568988. Drone photos show all 4 contiguous properties outlined for reference.
Features
- Lot Size: 58 x 101
- Pet Policy: Yes
- MLS#: A4568989
- Days on Market: 167 days
- Website: https://www.raveis.com
/prop/A4568989/417nospreyavenue_sarasota_fl?source=qrflyer
Listing courtesy of CATALIST REALTY LLC Phone: 386-871-4600
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Evelio MirandaInsurance Sales Director, William Raveis Insurance
561.704.7334
Evelio.Miranda@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
417 N Osprey AVENUE, Sarasota, FL, 34236
$399,900
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $319,920 | $319,920 | $319,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.250% | 7.125% | 6.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.945% | 7.292% | 6.623% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,182 | $2,155 | $2,765 |
| Total Monthly Payment | $2,257 | $2,230 | $2,840 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388