Thank you
Stephen Smith, Jr.
EMERALD REALTY BROKERAGE
941-740-5411
Under contract-accepting backup offers. Introducing an investment opportunity in Arlington Park, Sarasota: a fully-approved subdivision project encompassing a 1.25-acre lot, soon to transform into four high-quality, oversized homesites. This property, situated in a prime Sarasota neighborhood, is currently in the infrastructure development phase, including utilities and a private road. The project is expected to reach completion by the end of September 2023, following which, individual addresses will be assigned to each lot. The dev team is pleased to announce that they've brought on board a team of respected custom and spec builders, ready and motivated to drive this project forward. These builders, known for their skills and quality workmanship, are looking forward to contributing through either a builder fee arrangement or a joint venture agreement. This partnership provides additional security and predictability for the investment, fostering a quicker path to potential returns. The homesites are located within Arlington Park, a highly desirable neighborhood in Sarasota, ideally positioned under Hyde Park Street and west of S Shade. The vigorous market for new construction homes in this area underscores the opportunity for a successful investment. The homesites, with dimensions ranging from 8553 sqft to 9770 sqft, are part of a private subdivision with potential for gated access. The homesites also benefit from being situated in a top-tier school district and outside flood zones. Furthermore, as per HOA guidelines, each home is expected to feature a minimum of 2,800 sqft of living space and a two-car garage. This investment proposition, blending location, size, and a high potential for returns, is backed by detailed financials and a well-prepared proforma. These documents are readily available for review with POF. The team is readily available to discuss this lucrative opportunity in further detail. Interested parties are encouraged to contact us to acquire these materials or to address any queries about the process. Don’t miss out on this unique chance. Reach out today and take the first step toward securing a stake in this promising development in the heart of Sarasota. Secure your future with an investment that blends excellent potential returns with a team of experienced builders already on board.
WaterSource: Public
Lot Dimensions: 160x339
Lot Description: Buildable, Cleared, Compact Soil, Cul-De-Sac, Curb and Gutters, Fire Hydrant, City Limits, Level, Oversized Lot, Private, Room For Pool, Sidewalk, Paved, Private
Lot Square Feet: 54640
Lot Acres: 1.25
Lot Size (SqMt): 5076
Property Type: Land
Original List Price: $2200000
Tax Block: 2
Tax Book Number: A-5
Tax Lot: 26
Tax Legal Description: COM AT NE COR OF LOT 26, HOMELANDS DEVELOPMENT CORP SUB TH ALONG SLY R/W OF DATURA ST N 89-52-10 E 20.01 FT FOR POB TH N 89-52-10 E 84.25 FT TH N 75-11-27 E 54.41 FT TO NW COR OF
Annual Tax: $5625
Tax Year: 2022
Parcel Number: 0056030040
Included Fees: Common Area Taxes, Private Road
Included Amenities: Gated
Elementary School: Southside Elementary
Junior High School: Brookside Middle
Senior High School: Sarasota High
BB/HS Internet Available, Cable Available, Electricity Available, Fire Hydrant, Other, Phone Available, Sewer Available, Water Available
Sewer: Public Sewer
Water Source: Public
Subdivision: PALMERS SUB
City: SARASOTA
Direction: Heading north on 41, pass Webber St, turn right on Datura. Property will be located on the right.
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1490 Hillview Drive, Sarasota, FL,34239 | $7,500,000 | -- | -- | 20,454 | 0.47 Acre |
3512 Camino Real, Sarasota, FL,34239 | $2,895,000 | 5 | 5 | 3,610 | 0.27 Acre |
S Brink Avenue, Sarasota, FL,34239 | $300,000 | -- | -- | 35,550 | 0.81 Acre |
S. Brink Avenue, Sarasota, FL,34239 | $300,000 | -- | -- | 35,550 | 0.81 Acre |
S Brink Avenue, Sarasota, FL,34239 | $300,000 | -- | -- | 35,478 | 0.81 Acre |
1912 Wisteria Street, Sarasota, FL,34239 | $2,995,000 | 4 | 5 | 3,547 | 0.17 Acre |
1859 Magnolia Street, Sarasota, FL,34239 | $2,890,000 | 4 | 4 | 3,220 | 0.2 Acre |
1550 S Orange Avenue, Sarasota, FL,34239 | $4,438,000 | 4 | 6 | 4,189 | 0.34 Acre |
1954 Datura Street, Sarasota, FL,34239 | $1,899,000 | 3 | 3 | 2,763 | 0.2 Acre |
2208 Bougainvillea Street, Sarasota, FL,34239 | $2,099,000 | 5 | 4 | 3,319 | 0.25 Acre |
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Based on information submitted to the MLS GRID as of 04/28/2024 @ 06:20. 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.
Properties displayed may be listed or sold by various participants in the MLS.
ByOwner last updated this listing 04/28/2024 @ 06:20
MLS: MFRMLS #A4576213
LISTED BY: Stephen Smith, Jr., EMERALD REALTY BROKERAGE
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.