MYRTLE AVENUE

Property Details

Description

Rare development opportunity in Sarasota! This oversized 18,152-square-foot (.42-acre) residential property offers approximately 158 feet of frontage and 115 feet of depth, creating an exciting opportunity for a custom homesite, builder or investor. Zoned RSF-4 and located within the Newtown Conservation Historic Overlay District, the property has been reviewed with the City of Sarasota Zoning Department regarding the potential to divide the property into three individual lots. City zoning staff provided the applicable development standards and lot-split process, which includes submission of existing and proposed surveys along with required application materials. No lot split is currently approved, and buyers should independently verify development potential and requirements with the City of Sarasota. The property is currently identified as Flood Zone X and offers a generous footprint in an established Sarasota neighborhood. Conveniently located near Downtown Sarasota, the Rosemary District, The Bay, Ringling College of Art and Design, Sarasota-Bradenton International Airport, shopping, dining, cultural destinations and Gulf Coast beaches. An ISA Certified Arborist has also completed a tree site-condition review, providing additional information regarding the existing tree canopy and site conditions for prospective buyers evaluating future development. Whether envisioned as one expansive homesite or evaluated for its potential multi-lot development opportunity, this property offers flexibility and possibilities in a central Sarasota location. Buyer and buyer's agent are responsible for independently verifying zoning, overlay district requirements, lot-split eligibility and approval, permitted uses, building requirements, utilities, tree-removal requirements, lot dimensions and suitability for buyer's intended use.

Facts & Costs

Property type

Land

Zoning

RSF4

Current use

Residential

Lot dimensions

158x115

Price per acre

$711,905

Road frontage

City Street

Road surface

Asphalt, Paved

Lot size

0.42 acres

Days on market

8

Waterfront

No

Community

North Riverside Park

Subdivision

NORTH RIVERSIDE PARK

County

Sarasota

Flood zone

X

Monthly & yearly costs

Property taxes

$3,545 / year (2025)

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

Utilities & lot

Utilities

Electrical Nearby, Sewer Nearby, Water Nearby

Water

See Remarks

Lot features

Buildable

Payment Estimate

$1,807 / month

Principal & interest

$1,512

Property taxes

$295

HOA

$0

Home insurance

enter below

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