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718 Hudson Avenue is a rare, buildable 7, 032 sq ft vacant lot in the heart of downtown Sarasota, within the charming and historic Burns Square and Laurel Park neighborhoods. This lot is in a chic; modern enclave of newly constructed residences nestled within the historic Laurel Park neighborhood. This community showcases clean lines, flat roofs, expansive windows, and a contemporary architectural palette—offering a refreshing contrast to the Mediterranean Revival and bungalow styles that defined the area during the 1920s. These homes are seamlessly integrated into one of Sarasota’s most storied districts, providing residents with both design-forward elegance and an enviable downtown address. Situated just three blocks from Bayfront Park, this property offers residents easy access to a premier 3. 5-acre waterfront green space featuring a splash pad and playground, dog friendly zones, kayaking and canoe launches, picnic areas, fitness trails, and sweeping views of Sarasota Bay and the Ringling Causeway Bridge.
Living in this enclave means enjoying a walkable cultural lifestyle: stroll to nearby Burns Court to discover independent cinemas, artful cafés, local galleries, and eclectic boutiques. Each November, the renowned Sarasota Chalk Festival fills the streets with stunning sidewalk murals and public art, transforming the district into an open-air gallery. Downtown Sarasota also pulses with arts and culture year-round—from the John and Mable Ringling Museum and Marie Selby Botanical Gardens to the Florida Studio Theatre, Van Wezel Performing Arts Hall, the Sarasota Ballet, Opera, and Circus Arts.
Beyond the arts, Sarasota’s urban core features a lively mix of dining, shopping, and recreation. Residents can linger over craft cocktails and rooftop sunsets, sample fresh Gulf catch at waterfront restaurants, or enjoy farmers markets, boutique stores, and eclectic nightlife. The Legacy Trail and city greenways provide scenic bike and walking routes, while the nearby barrier islands—Siesta, Lido, South Lido—are world famous for bright quartz beaches and marine adventures.
718 Hudson Avenue presents a unique opportunity to develop a custom residence that takes full advantage of urban conveniences: cultural richness, coastal recreation, and a close-knit historic neighborhood just minutes from the sparkle of Sarasota Bay.
The lot is currently zoned RMF-3. Forward looking buyers might also explore future land use designations such as DTE or DTNE. All zoning requirements need to be independently verified with the City of Sarasota.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 |
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|---|---|---|---|
| Loan Amount | $540,000 | $540,000 | $540,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 5.990% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.322% | 6.168% | 5.541% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,109 | $3,234 | $4,341 |
| Total Monthly Payment | $3,201 | $3,326 | $4,433 |
* 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.