Photo 1 of 14
$1,300,000
| Beds |
Baths |
Sq. Ft. |
Taxes |
Built |
| 4 |
4.00 |
3,100 |
$5,378.68 |
1963 |
|
On the market:
0 days
|
View full details, photos, school info, and price history
Exceptional development opportunity in Sarasota, ideally located just off Fruitville Road east of McIntosh. This 2.81-acre parcel offers flexibility for builders and investors, with substantial groundwork already completed toward a 14-unit multifamily project—saving valuable time, cost, and entitlement risk in today’s approval environment.
Zoned RSF-3, the property is largely cleared and features a small pond that adds natural character and can be thoughtfully incorporated into a future site plan. The existing 3,100 sq. ft. residence, rebuilt approximately five years ago, is serviced by well and septic and is currently configured in a way that supports single-room rentals, offering immediate income potential during the planning and development phase.
For those pursuing a different approach, the zoning allows for a maximum gross density of up to 12 single-family lots, making the property well-suited for a residential subdivision as well. Its central Sarasota location provides convenient access to major corridors, employment centers, and amenities—key factors for long-term value and marketability.
With entitlement progress already underway and multiple viable development paths, this is a rare opportunity to step into a project with real momentum rather than starting from scratch.
Listing courtesy of Joe Murphy, COLDWELL BANKER REALTY