|
Rare Opportunity in the Heart of Sarasota — Nearly Half Acre of Prime Land
Three contiguous buildable lots being sold together, offering approximately 20, 250 sq ft or nearly 0. 46 acres in one of Sarasota’s most desirable and rapidly growing locations. Each lot 6, 750 sq ft—providing flexibility and scale that is rarely available this close to Downtown.
Offered at $1, 260, 000 for all three lots—$420, 000 per lot.
A true opportunity for developers, investors, or end users. Build three new construction homes, create a private compound, or design a custom residence with room for a pool, guest house, and expansive outdoor living. With no HOA restrictions, you have the freedom to build on your timeline, choose your own builder, and maximize the full potential of the land.
Utilities including water and electricity are available nearby for connection, making this a strong and ready-to-develop site.
The location is what truly sets this property apart. Just minutes from Downtown Sarasota, you’re surrounded by some of the area’s best dining, shopping, entertainment, and waterfront experiences. Spend your weekends at the Sarasota Farmers Market, enjoy waterfront dining at Marina Jack, or take in the views along the bayfront.
A short drive brings you to St. Armands Circle, known for its upscale boutiques and restaurants, and from there to Lido Key for sunsets and beach days. You’re also within easy reach of the world-renowned Siesta Key Beach, as well as Longboat Key and Anna Maria Island.
Everyday convenience is unmatched—approximately 5 blocks to Publix, 5 blocks to Payne Park (featuring a dog park, walking trails, tennis courts, and recreational amenities), and just 1. 2 miles to Sarasota Bayfront/Island Park and Marina Jack. The Legacy Trail is only 2 blocks away, while Sarasota Memorial Hospital and Southside Village are just minutes away, offering additional shopping, dining, and lifestyle options.
Additional nearby destinations include The Ringling Museum, Ca’ d’Zan Mansion, SRQ Airport, and University Town Center (UTC), providing even more dining, shopping, and entertainment options.
Opportunities like this are becoming increasingly limited in Sarasota—especially parcels offering this size, location, and flexibility without HOA restrictions.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,260,000
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
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,008,000 | $1,008,000 | $1,008,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.132% | 6.259% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,963 | $6,125 | $8,506 |
| Total Monthly Payment | $6,088 | $6,250 | $8,631 |
* 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.