Listing Details for MLS # A4635469
121 Christie Avenue, Sarasota, Fl 34232

Residential Property - Single Family Residence in Sarasota

Listing Price: $1,600,000Days on Market: 108

Description of Property

Exceptional investment and development opportunity in Sarasota! This 2.81-acre property, located just off Fruitville Road east of McIntosh, offers significant potential for builders and developers. The seller has already invested substantial time and resources into obtaining approval for a 14-unit multifamily project, paving the way for a streamlined development process. Zoned RSF-3, the property is largely cleared and includes a small pond, adding natural appeal to its layout. The existing 3,100 sq. ft. home, rebuilt five years ago, is on well and septic, with a design well-suited for single-room rentals—an excellent interim revenue source. Alternatively, the zoning allows for a maximum gross density of 12 single-family lots, making this property versatile for a range of development strategies. With its central location and much of the groundwork for approvals already underway, this property presents a rare opportunity for investors and builders to capitalize on a project primed for success.The average asking price for a 4 bedroom/4 bath single family residence in this Zip code is $1,026,000. This single family residence is listed at about 156% of the average asking price. This is the only 4 bedroom/4 bath single family residence between $1,400,000 and $1,800,000 currently listed for sale in this Zip code.