8 Beds
3 Baths
720 SqFt
8 Beds
3 Baths
720 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 720 sqft
Price per Sqft $1,520
Subdivision Gillespie Park Sub
MLS Listing ID A4694609
Bedrooms 8
Full Baths 3
HOA Y/N No
Year Built 1932
Annual Tax Amount $12,519
Lot Size 0.450 Acres
Acres 0.45
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
DTN (Downtown Neighborhood) zoning allows for this ±0.45-acre site the potential to support approximately 5 residential units, a luxury single-family estate, a multi-generational compound, or a boutique townhome project (buyer to verify all uses with the City of Sarasota). The two combined lots create a 100-foot-wide buildable footprint that is extraordinarily rare at this proximity to downtown.
Located in Flood Zone X, the property carries no mandatory flood insurance requirement and faces none of the elevation and construction cost burdens that affect so much of coastal Sarasota — a significant competitive advantage for any development pro forma. The site is clean and ready for permitting.
Gillespie Park is not an emerging neighborhood — it has arrived. Adjacent to the Rosemary District (Sarasota's most walkable neighborhood with a Walk Score of 88), the area is surrounded by completed and ongoing new construction. Residents walk to Main Street dining, the Sarasota Farmers Market, Whole Foods, Sprouts, Regal Cinema, the Van Wezel Performing Arts Hall, and The Bay — Sarasota's transformative 53-acre waterfront park. Siesta Key Beach is approximately 20 minutes away.
Opportunities to acquire nearly half an acre with this zoning flexibility, this location, and this lot dimension do not come along often. Whether you are a developer looking for your next high-margin project or a buyer ready to build a custom urban oasis, this is the site.
Location
State FL
County Sarasota
Community Gillespie Park Sub
Area 34236 - Sarasota
Zoning DTN
Interior
Interior Features Ceiling Fans(s)
Heating Electric
Cooling Central Air
Flooring Wood
Furnishings Unfurnished
Fireplace false
Appliance Dryer, Electric Water Heater, Refrigerator, Washer
Laundry Common Area, Outside
Exterior
Exterior Feature Storage
Utilities Available Electricity Connected, Public, Water Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Entry Level One
Foundation Crawlspace
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Frame
New Construction false
Schools
Elementary Schools Alta Vista Elementary
Middle Schools Booker Middle
High Schools Booker High
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4694609
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