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Explore a rare vacant-land opportunity with built-in bonus cottage! Welcome to a unique find in the heart of Sarasota, an oversized ¼-acre lot in the desirable Tobero Woods neighborhood (34235) that opens the door to your vision. Whether you’re ready to build your dream residence, explore multi-home possibilities or simply secure prime land for the future, this property invites imagination and flexibility. On a quiet street, you’ll find this smoothly preserved site features a charming, turnkey one-bedroom, one-bath, 576-square-foot cottage built in 1979, freshly painted inside and out with a new roof, upgraded appliances and a completely cleaned backyard. Use it immediately as an income-producer, guest house or full-time residence while you plan the big build. Zoned RSF2, on a generous lot with mature oak trees, and offering a rare live now while you build later scenario. Live in the cottage, let it pay for itself, and when you’re ready draw permits for the main home, ADU, pool and more. Highlight features include spacious parcel in a desired Sarasota location, more land than most one-bed homes offer. One-bedroom, one-bath cottage with updated tile floors, open layout and move-in readiness. New roof, fresh paint and pristine backyard, turnkey comfort meets future potential. Cul-de-sac setting for tranquility plus convenient to Sarasota’s dining, shopping and the Gulf. Instruments of flexibility such as live now, build later, convert to ADU or rental. Ideal for dream home seekers, land investors, Airbnb hosts (check local zoning/reg), or anyone looking to buy land in Sarasota with an immediate living option. Don’t miss this rare blend of vacant land potential plus immediate cottage utility, a smartly positioned asset in Sarasota’s evolving market.
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Our Executive Mortgage Banker:
Our Insurance Division:
$325,000
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 | $260,000 | $260,000 | $260,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.374% | 6.524% | 5.933% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,559 | $1,622 | $2,159 |
| Total Monthly Payment | $1,634 | $1,697 | $2,234 |
* 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.