Address
1869 4th STREET, SARASOTA, FL
Price
$ 3,975,000
Property Attributes
  • MLS#A4579725
  • TypeLand
  • CountySARASOTA
  • CitySARASOTA
  • AreaSarasota
  • NeighborhoodMatheny Sub
  • Zip34236
  • Style
  • Taxes$ 2669
  • Price$ 3,975,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size5,227 SqFt
Data Source:
Stellar MLS
Property Description

Downtown Sarasota land offers a rare development opportunity in the Gillespie Park neighborhood. This parcel is currently five lots with a remodeled 3/2 bungalow on the middle lot. Zoned “Downtown Neighborhood” (DTN), it offers a developer/investor many options to build up to 3 stories. The entire parcel is in The Opportunity Zone guaranteeing tax incentives. Options include: Up to 7 single-family homes with 7 accessory dwelling units (ADUs); Condos or Townhomes; Multifamily Luxury Apartment Enclave; Single-family home compound/estate; Live and work options. The existing back and side alley access is a major advantage for design considerations and private access to multiple dwellings. Location is everything. Walking distance to the heart of downtown Sarasota; Mere blocks away from 10-acre Gillespie Park with walking paths, tennis, pickleball, basketball courts and dog park; new Bayfront Park Project; Rosemary District; shops, restaurants, pharmacy, performing arts theaters, and a 15-minute drive to Lido beaches and St. Armands Circle; 15-minute drive to I-75.

Price History
8/16/2023 Listed $3,975,000

General Features

Sewer Public Sewer
Utilities Public
Zoning DTN
Tax Year 2022
Current Use Residential
Percent Ownership Fee Simple
County Sarasota
Property Type Land
HOA / Comm Assn No
Subdivision Name MATHENY SUB
Status Active
Directions From I-75 on Fruitville,head west on Fruitville toward Lido Beach. In approximately 10 miles,turn right on N. Osprey Ave. Turn right at the first cross street onto 4th St,the property will be on the
City SARASOTA
Buyer Agent Compensation 3%
MLS Area 34236 - Sarasota
Lot Size Square Feet 5250
Waterfront Y/N No
Street Name 4th
Tax Annual Amount 2669.69
Public Remarks Downtown Sarasota land offers a rare development opportunity in the Gillespie Park neighborhood. This parcel is currently five lots with a remodeled 3/2 bungalow on the middle lot. Zoned Downtown Nei
Virtual Tour https://youtu.be/_xlA3s7nw7A
Days on Market 157
Standard Status Active
Tax Lot 9
Legal Description 1869 4TH ST LOT 9 MATHENY SUB,SUB OF LOTS 16 18 BLK K POS
Water Access Y/N No
Water View Y/N No

Interior Features

Street Suffix STREET
Living Area Units Square Feet

Exterior Features

Lot Features City Lot,In County
Water Source Public
Lot Size Area 5250
Lot Dimensions 50 x 105
Lot Size Acres 0.12
Road Surface Type Paved,Asphalt
Lot Size Units Square Feet
Road Frontage Type Street Paved

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 34236

Price
AVG $3.98M
$3.98M
Taxes
AVG $21,301
$2,669
Visits
AVG 718
637
Data Provided by Inside Real Estate®
Walkscore
AVG 54
89
Data Provided by Walkscore® not using MLS data

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