Land - Real Estate in Sarasota
Listing Price: $1,299,900
Description of Property
Prime investment opportunity in an unbeatable location! Just steps from the world-renowned Siesta Key Beach, this property is zoned for residential multi-family and offers fantastic short-term rental potential, 7 days minimum. Build a brand-new, high-income duplex for a steady year-round revenue stream. The current house had extensive flood damage, it is a tear down. County approval is in place to construct a new duplex, and the existing home already functions as a duplex with individual electrical panels and two separate lanais. The oversized pool adds tremendous value, a new pool motor was installed. The fully fenced backyard provides the perfect retreat with ample privacy. The two spacious driveways can accommodate up to 10 vehicles, and the paved backyard is ideal for entertaining. Siesta Key boasts a thriving vacation rental market as the #1 ranked beach in the U.S. Plus, the Siesta Key Breeze Trolley—a free ride service—has a convenient stop right at the next house. This is the most affordably priced multi-family lot on the Key—don’t miss out on this incredible opportunity!
Property Details At A Glance
Property Type: Land
City: Sarasota
County: Sarasota
Subdivision: Point Of Rocks Terrace Add
Annual Tax: $6,257
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
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Schools
Elementary School: Phillippi Shores Elementary
Middle/Junior High School: Brookside Middle
High School: Sarasota High
Waterfront Info
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Water Access: Not specified
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Exterior & Construction
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View: Pool
Fencing: Fenced
Utilities:
- Cable Available
- Cable Connected
- Electricity Available
- Fire Hydrant
- Public
Sewer: Public Sewer
Water Source: Public
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Lot Information
Lot Features: Near Public Transit
Lot Size (acres): 0.2
Lot Size (sq. ft.): 8,722 square feet
Lot Dimensions: 70' x 124.6'
Road Frontage: Street Paved
Front Exposure: North
Adjoining Property:
Current Adjacent Use: Multi-Family
Legal Description & Other Information
Financing Available: Cash
Parcel Number: 0108170006
Pets Allowed/Pet Policies: Yes
Tax Legal Desc.: LOT 4 POINT OF ROCKS TERRACE ADD
Disclosures: Seller Property Disclosure
Listing courtesy of OFFERMATE REAL ESTATE. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
