$695,000

Description

Looking to develop in one of Sarasota's hottest areas? Look no further. This rare 100' x 100' lot offers an exciting redevelopment opportunity in South Sarasota. The oversized parcel may provide the potential to divide into two separate lots, with the possibility of a home and ADU on each — creating a potential four-unit residential rental opportunity, subject to zoning and county approval. The property could also be an excellent opportunity for a duplex development, offering another potential path for an investor or builder looking to maximize the value of the site. The existing property features a 1,084-square-foot, 2-bedroom, 2-bath Florida home, along with a 1.5-car garage, with laundry room that includes full size washer and dryer. The home also includes a beautiful swimming pool. The fully fenced lot offers privacy and plenty of space while providing a unique opportunity to live in or rent the existing home as you plan for future redevelopment. With its desirable South Sarasota location, this property is close to Siesta Key Beach, Gulf Gate, the Legacy Trail, shopping, dining, and everything Sarasota has to offer. Bring your vision and take advantage of the possibilities this oversized lot presents. Opportunities to develop a property of this size and location are becoming increasingly difficult to find.