1122 CRESCENT STREET

SARASOTA, FL 34242

Listing courtesy of KONA REALTY · MLS# A4694114

$4,950,000

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Property Details

Lot size

0.53 acres

Zoning

RMF1

Price / acre

$9,339,623

MLS#

A4694114

Listed

May 22, 2026

Description

Rare developer opportunity on Siesta Key. This vacant parcel, zoned RMF-1 (Residential Multi-Family), sits on two lots totaling approximately 23,206 sq ft and comes with two professionally designed build options. Option one allows one single-family home and one duplex, each with private pools, covered outdoor living, and 3-car or 4-car garages. Option two features a stunning 3-story boutique condo complex with a resort-style courtyard pool, private cabanas, spacious balconies, and lush tropical landscaping. Additional information and architectural plans for both options are available upon request, please contact the Listing Agent. Located in the sought-after Point of Rocks Terrace neighborhood, just minutes from world-famous Siesta Key Beach — consistently ranked among the best beaches in the country. This is a rare chance to build on one of Florida's most coveted barrier islands.

Facts & Costs

Property type: Land
Zoning: RMF1
Current use: Residential
Lot dimensions: 138x117x42x233x125
Price per acre: $9,339,623
Waterfront frontage: 158 ft
Road surface: Asphalt
Lot size: 0.53 acres
Days on market: 131
Waterfront: Yes
Community: Point Of Rocks Terrace
Subdivision: POINT OF ROCKS TERRACE ADD
County: Sarasota
Flood zone: AE

Monthly & yearly costs

Property taxes: $20,680 / year (2025)

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

Utilities & lot

Utilities: Public, Water Connected
Sewer: Public Sewer
Water: Public
Lot features: Greenbelt, Level

Payment Estimate

$26,753 / month

Principal & interest: $25,030
Property taxes: $1,723
HOA: $0
Home insurance: enter below

Down payment (20%)$990,000Interest rate (%)Loan termHome insurance ($/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

Features & Amenities

Lagoon

Information deemed reliable but not guaranteed.

Listings courtesy of Stellar MLS as distributed by MLS GRID

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