1150 Windsong Lane, Sarasota, FL 34242

$1,999,000
List Price
$1,999,000
Status
Active
Days on Market
18
MLS#
R4905239
Lot Size
10,058
Acres
0.23
Total Acreage
0 to less than 1/4
Legal Subdivision Name
Gulf View On Little Sarasota Bay
Community Name
Gulf View On Little Sarasota Bay
MLS Area Major
Sarasota/Crescent Beach/Siesta Key

Property Description

Developers and Investors, this is a rarely available opportunity to build 3-units, beach side with deeded beach access and only steps down a private lane to the beautiful azure waters of the Gulf of Mexico, and 7-time winner of America’s #1 beach, Siesta Beach! RMF-3 zoning allows for no minimal rental periods, greatly increasing the gross rental potential. Recent sales of RMF zoned properties on Siesta Key (if one can be located) have been in $1M-$1.3M+ land cost per unit. At $666k land cost per unit, there is considerable upside for a buyer/investor. Units can be pre-sold individually as condos or when complete, kept for income to take advantage of the lucrative vacation rental market on Siesta Key. Or a combination of the two strategies can be deployed. Currently there is cozy single family rental home on the property that can gross $75k+ in annual income until ready to build. An accepted LOI allows access to floor plans, elevations, renderings, proformas, appraisal etc…. Owner would consider delivering completed building on a case-by-case basis.

Additional Information

Taxes
$6473
Community Features
No Deed Restriction
Zoning
RMF3
Utilities
Cable Connected, Electricity Available, Fiber Optics, Natural Gas Available, Phone Available, Sewer Connected, Street Lights, Water Connected
Pool
No Pool
Water View
Gulf/Ocean - Partial
Water Access
Beach - Access Deeded
Flood Zone Code
AE
Parcel ID
0105130006
Legal Description
FROM INT OF WLY LINE OF MIDNIGHT PASS RD & NLY LINE OF LOT 12 GULF VIEW SUB TH S-37-46- E 240 FT ALG SAID WLY R/W TO A PT TH S-53-16-W 120 FT FOR POB TH CONT S-53-16-W 100 FT TH AN ANGLE OF 90 DEG

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of TC GROUP LLC.

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