15 Acres Zoned for Residential Development

Vacant Land for Sale
Catylist Listing ID: 30821897
Property Subtypes: Residential (Single Family)
Gross Land Area: 15 Acres
Sale Price: $2,300,000
Unit Price: $153,333 Per Acre
Sale Terms: Cash to Seller
Last Updated: 11/28/2022

Overview / Comments

The site is currently zoned as RE1 or only 1 unit per 2 acres. However, based on the FLU map, the site is surrounded by parcels that have been rezoned to either RSF-1 (2.5 units per acre), RSF-2 (3.5 units per acre) or RSF-3 (4.5 units per acre).
Thus, with agreed upon price and terms, the owner is receptive to giving the buyer time to rezone to accommodate the preferred zoning density.

15 Acres Zoned for Residential Development
Asking $2.3M
Future Land Use Potential for rezone to higher zoning density
Great location in a remote neighborhood but close to University and the UTC Mall

Attachments & Media

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0017100005
Zoning: RE-1 (1 UNIT/2 ACRES) EXPECTED REZONE TO RSF-2 OR RSF-3
Property Located Between: Sacramento Street and 47th Street
Largest Nearby Street: Honore Avenue
Highway Access: I-75
Airports: SRQ
Site Description: The subject 15 acre site is bounded by trees, yet the site itself is mainly cleared. There is a 2526 SF home on site, along with an approximately 0.5 acre pond. There is also a large FPL easement on the east side of the parcel.
Area Description: University Parkway to Honore Ave south to Desoto Rd west to Harold Ave south to Sacramento St. Though it is tucked within a lush tree-lined neighborhood; it is also only 1.4 miles away from the UTC mall.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,328 61,984 156,853
Median Age: 57.17 48.73 46.76
Households: 4,013 28,346 68,710
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