905 ROYAL PALM DR, Sarasota, FL 34234 - MLS#A4646446

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Kseniya Edwards

rent@vhrfl.com +1(386) 237-7688

$385,000

Est. payment - /mo

0.67 Acres Lot

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Key Details

Property Type Vacant Land

Sub Type Unimproved

Listing Status Active

Purchase Type For Sale

Subdivision Wildwood Pines

MLS Listing ID A4646446

HOA Y/N No

Originating Board Stellar MLS

Annual Tax Amount $2,167

Lot Size 0.670 Acres

Acres 0.67

Lot Dimensions 257x126, 98x231

Property Sub-Type Unimproved

Property Description

Prime Multi-Family Development Opportunity in Sarasota!
Seize this rare chance to develop a high-demand, income-producing property in one of Sarasota's fastest-growing corridors. Located in the up-and-coming North Sarasota corridor, this 115-foot frontage lot is zoned RMF-2, allowing for a 10-unit multi-family development, with the potential to expand to 14 units—perfect for investors looking to capitalize on Sarasota's booming rental market.

This property is ideally situated just minutes from SRQ Airport, The Ringling School of Art, local theaters, entertainment, downtown Sarasota, and the waterfront. High rental demand, proximity to employment hubs, shopping, dining, and public transit make this a strategic investment in a rapidly growing area.

The level lot offers strong development potential, with opportunities for appraisals, surveys, and cost analysis for site preparation. The seller is also offering up to $5,000 towards closing costs, making this an even more attractive opportunity.

With Sarasota's increasing need for multi-family housing, this is a prime investment opportunity to develop, lease, and generate long-term returns. Contact us today to explore development possibilities and secure this exceptional property.

Location

State FL

County Sarasota

Community Wildwood Pines

Zoning RMF2

Exterior

Utilities Available Other

Building

Lot Size Range 1/2 to less than 1

Sewer Public Sewer

Water Public

Others

Ownership Fee Simple

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4646446

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Listed by COLDWELL BANKER REALTY

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Kseniya Edwards

+1(386) 237-7688

Agent | BKSL3312959

Agent BKSL3312959

905 ROYAL PALM DR Sarasota, FL 34234

Kseniya Edwards

Key Details

Location

Exterior

Building

Others

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