$299,000

Rare development opportunity in Sarasota! This oversized 18,152-square-foot (.42-acre) residential property offers approximately 158 feet of frontage and 115 feet of depth, creating an exciting opportunity for a custom homesite, builder or investor. Zoned RSF-4 and located within the Newtown Conservation Historic Overlay District, the property has been reviewed with the City of Sarasota Zoning Department regarding the potential to divide the property into three individual lots. City zoning staff provided the applicable development standards and lot-split process, which includes submission of existing and proposed surveys along with required application materials. No lot split is currently approved, and buyers should independently verify development potential and requirements with the City of Sarasota. The property is currently identified as Flood Zone X and offers a generous footprint in an established Sarasota neighborhood. Conveniently located near Downtown Sarasota, the Rosemary District, The Bay, Ringling College of Art and Design, Sarasota-Bradenton International Airport, shopping, dining, cultural destinations and Gulf Coast beaches. An ISA Certified Arborist has also completed a tree site-condition review, providing additional information regarding the existing tree canopy and site conditions for prospective buyers evaluating future development. Whether envisioned as one expansive homesite or evaluated for its potential multi-lot development opportunity, this property offers flexibility and possibilities in a central Sarasota location. Buyer and buyer's agent are responsible for independently verifying zoning, overlay district requirements, lot-split eligibility and approval, permitted uses, building requirements, utilities, tree-removal requirements, lot dimensions and suitability for buyer's intended use.