$774,900

Rare oversized East of the Trail redevelopment opportunity in one of Sarasota's most desirable residential neighborhoods. This exceptional approximately 13,788-square-foot (0.32-acre) homesite offers outstanding flexibility for builders, developers, investors or buyers seeking to create a custom luxury estate. Zoned RSF-4 within the City of Sarasota, the parcel includes valuable existing improvements that provide immediate utility while future plans are developed. Existing improvements include an approximately 1,290 sq. ft. cottage and a newer permitted 2020 concrete block structure totaling approximately 1,458 square feet. The detached building functions as a garage/workshop with two mini-split HVAC systems and a full bath and may provide an excellent potential for conversion to guest quarters or an accessory dwelling (subject to approvals). The property is highlighted by a mature grand oak situated along the south side of the lot, preserving excellent development flexibility across the remainder of the parcel. Located just minutes from Downtown Sarasota, Sarasota Memorial Hospital, Southside Village, Siesta Key, Lido Key, St. Armands Circle and The Bay Park, this property offers an exceptional combination of location, size and future potential. Potential exists to potentially divide the property into two luxury homesites, subject to confirmation and approval by the City of Sarasota. Opportunities of this size and location are increasingly rare in Sarasota's desirable East of the Trail corridor.