LEONARD REID AVENUE

SARASOTA, FL 34234

Listing courtesy of LOYD ROBBINS & CO. LLC · MLS# A4672595

$675,000

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Property Details

Lot size

1.7 acres

Zoning

RMF2

Price / acre

$397,059

MLS#

A4672595

Listed

November 19, 2025

Description

Approximately 1.7 acres of undeveloped land offering residential development potential in Sarasota’s Newtown area. Zoned RMF-2 with a stated density of up to nine units per acre, the property may accommodate approximately 15 residential units, subject to site design and governmental approvals. The site offers 265' of frontage along Leonard Reid Avenue and is located one block east of US-301, approximately 2.5 miles from downtown Sarasota and 3 miles from Sarasota-Bradenton International Airport. Dreamers Academy is directly across the street, with Booker Middle School nearby. Potential uses include a small townhome or multifamily community, while a childcare or adult daycare facility may be considered through the special-exception process. A Phase I Environmental Site Assessment has been completed. The planned Legacy Trail expansion is expected to extend behind the property. Buyers are responsible for independently verifying zoning, allowable uses, density, utilities, access, development requirements and final unit yield.

Facts & Costs

Property type: Land
Zoning: RMF2
Current use: Multi Family
Lot dimensions: 266x311x218x364
Price per acre: $397,059
Road surface: Paved
Lot size: 1.7 acres
Days on market: 316
Waterfront: No
Community: Newtown Farms
Subdivision: NEWTOWN FARMS
County: Sarasota
Flood zone: AE

Monthly & yearly costs

Property taxes: $3,644 / year (2024)

As reported by the listing agent. Verify with the HOA and county.

Utilities & lot

Utilities: Electrical Nearby

Payment Estimate

$3,717 / month

Principal & interest: $3,413
Property taxes: $304
HOA: $0
Home insurance: enter below

Down payment (20%)$135,000Interest rate (%)Loan termHome insurance ($/year)

Estimate only, not a loan offer. Rate is a starting value; taxes and HOA are as reported by the listing agent. Florida insurance (including flood) varies widely. Ask George for a lender referral.

Location

Information deemed reliable but not guaranteed.

Listings courtesy of Stellar MLS as distributed by MLS GRID

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