$385,000 for Sale
905 royal palm drive , sarasota, FL 34234
Property Description
Prime Multi-Family Development Opportunity in Sarasota! Seize this rare chance to develop a high-demand, income-producing property in one of Sarasota’s fastest-growing corridors. Located in the up-and-coming North Sarasota corridor, this 115-foot frontage Lot is zoned RMF2 - build duplex(s), triplex, fourplex, single family home, one building or a mix. Even live in one unit and rent out the rest. Buyer to do due diligence for property development, utilities, and lot dimensions. — perfect for investors looking to capitalize on Sarasota’s booming rental market. This property is ideally situated just minutes from SRQ Airport, The Ringling School of Art, local theaters, entertainment, downtown Sarasota, and the waterfront. High rental demand, proximity to employment hubs, shopping, dining, and public transit make this a strategic investment in a rapidly growing area. The level lot offers strong development potential, with opportunities for appraisals, surveys, and cost analysis for site preparation. The seller is also offering up to $5,000 towards closing costs, making this an even more attractive opportunity. With Sarasota’s increasing need for multi-family housing, this is a prime investment opportunity to develop, lease, and generate long-term returns. Contact us today to explore development possibilities and secure this exceptional property.
General Information
Sale Price: $385,000
Price/SqFt:
Status: Active
MLS#: A4646446
City: sarasota
Post Office: sarasota
County: Sarasota
Subdivision: wildwood pines
Acres: 0.67
Lot Dimensions: 257 x 126, 98 x 231
Size:
Acreage: 0.67 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Winter Taxes: $2,167
Legal Description: LOT 7 & PART OF LOT 6 DESC AS BEG NE COR LOT 6 TH N-62-39-35-W 146.05 FT TH W 15 FT TH S 49.68 FT TH S-56-57-9-E 83.11 FT TH N- 82-46-18-E 58.91 FT TH NELY ALG CURVE TO RIGHT 27.83 FT TO POB, TOGETHER
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2025
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Jerry Holston, Jr of COLDWELL BANKER REALTY, Phone: 941-366-8070
