$1,490,000
Active · 329 days on market · MLS# MFRA4635469
| Bedrooms | 4 |
|---|---|
| Bathrooms | 4 |
| Living area | 3,100 sq ft |
| Lot size | 2.81 acres |
| Year built | 1963 |
| Property type | Single Family Residence |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $5,379 |
| County | Sarasota |
Exceptional investment and development opportunity in Sarasota! This 2.81-acre property, located just off Fruitville Road east of McIntosh, offers significant potential for builders and developers. The seller has already invested substantial time and resources into obtaining approval for a 14-unit multifamily project, paving the way for a streamlined development process. Zoned RSF-3, the property is largely cleared and includes a small pond, adding natural appeal to its layout. The existing 3,100 sq. ft. home, rebuilt five years ago, is on well and septic, with a design well-suited for single-room rentals—an excellent interim revenue source. Alternatively, the zoning allows for a maximum gross density of 12 single-family lots, making this property versatile for a range of development strategies. With its central location and much of the groundwork for approvals already underway, this property presents a rare opportunity for investors and builders to capitalize on a project primed for success.
Listing courtesy of Joe Murphy, COLDWELL BANKER REALTY. Presented by MC Homes Realty Inc · 727432218.