1150 WINDSONG LN SARASOTA, FL 34242

$1,999,000

0.23

Acres

RMF3

Zoning

38 days

On Website

Active

Status

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.

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Details


Building And Construction
Property Sub Type
Land
Property Type
Land

Exterior And Lot
Lot Size Acres
0.23
Lot Size Square Feet
10058
Zoning
RMF3

Area And Schools
City
Sarasota
County Or Parish
Sarasota
Subdivision Name
Gulf View On Little Sarasota Bay

Financial Info
Buyer Agency Compensation
2%
Tax Annual Amount
$6,473.20
Tax Year
2020

Listing By TC GROUP LLC

MLS# R4905239

Data Last Updated 10:06AM - 10/16/2021

Stellar MLS

Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by 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. Listing information is provided for consumers’ personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright© 2021 MLS GRID. All Rights Reserved. For DMCA information, please review Copyright Complaints at https://www.remax.com/terms-of-use.

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