• 1853 4th Street SARASOTA, FL 34236

  • $3,975,000
  • 3
    Bed(s)
  • 2
    Baths
  • 1,284
    Sq Ft
  • 0.6
    Acre
  • Listed By: ALIGN RIGHT REALTY SRQ OPULENCE
  • Source: MFRMLS (My Florida Regional MLS DBA Stellar MLS)

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.

Property Type :

Residential

Subdivision :

Matheny Sub

County :

Sarasota

Style :

Residential

Property Details

 

Bedroom Information

Total Bedroom: 3

Bathroom Information

Total Baths: 2

Full Baths: 2

Interior Features

Ceiling Fans(s), Master Bedroom Main Floor, Open Floorplan, Solid Surface Counters, Thermostat, Window Treatments

Roof : Shingle

Appliances : Cooktop, Dishwasher, Dryer, Electric Water Heater, Microwave, Range Hood, Refrigerator, Washer

Laundry Features: Inside

Roofing Information

Shingle

Flooring Information

Flooring : Vinyl

Construction Materials : Metal Frame, Wood Frame, Wood Siding

Heating & Cooling

Heating: Electric

Cooling: Central Air

WaterSource: Public

Building Information

Year Built: 1962

Exterior Features

French Doors

Construction Materials: Metal Frame, Wood Frame, Wood Siding

Foundation Details: Stem Wall

Lot Information

Lot Description: Cleared, Corner Lot, City Limits, Level, Near Marina, Oversized Lot

Lot Square Feet: 26250

Lot Acres: 0.6

Lot Size (SqMt): 2439

Property Information

Property Type: Residential

Sub Type: Single Family Residence

Listing Price Information

Original List Price: $3975000

Tax Information

Tax Block: 1

Tax Lot: 3,5,7

Tax Legal Description: LOTS 3, 5 & 7, MATHENY SUB, SUB OF LOTS 16 & 18, BLK K, PLAT OF SARASOTA, BEING A PORTION OF LANDS DESC IN ORI 2004042310

Annual Tax: $6246.39

Tax Year: 2022

Parcel Number: 2026090145

School Information

Elementary School: Alta Vista Elementary

Junior High School: Booker Middle

Senior High School: Booker High

Utility Information

Electricity Connected, Sewer Connected, Water Connected

Sewer: Public Sewer

Water Source: Public

Location Information

Subdivision: MATHENY SUB

City: SARASOTA

Direction: 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 left.

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1469 5th Street #202, Sarasota, FL,34236 $1,679,000 3 2 1,850 0.12 Acre
1469 5th Street #102, Sarasota, FL,34236 $995,000 2 2 1,150 0.12 Acre
1469 5th Street #302, Sarasota, FL,34236 $1,724,000 3 2 1,850 0.12 Acre
162 Emerson Drive, Sarasota, FL,34236 $10,000,000 -- -- 20,250 0.46 Acre
430 Kumquat Court #202, Sarasota, FL,34236 $1,030,600 2 2 1,057 --
430 Kumquat Court #308, Sarasota, FL,34236 $1,166,100 2 3 1,196 --
430 Kumquat Court #410, Sarasota, FL,34236 $1,701,500 3 4 1,745 --
1469 5th Street #304, Sarasota, FL,34236 $1,796,000 3 3 1,850 0.12 Acre
845 Benjamin Franklin D.., Sarasota, FL,34236 $569,000 2 2 991 --
35 Watergate Drive #701, Sarasota, FL,34236 $3,300,000 3 3 3,751 --

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Based on information submitted to the MLS GRID as of 04/28/2024 @ 18:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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ByOwner last updated this listing 04/28/2024 @ 18:20

MLS: MFRMLS #A4579722
LISTED BY: Sabrina Payton-Turner, ALIGN RIGHT REALTY SRQ OPULENCE
SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS)
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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