1575 & 1583 BLVD OF THE ARTS

Property Details

Description

An unparalleled opportunity in Sarasota’s desirable Rosemary District! Discover 0.30 acres of prime, DTE-zoned real estate in the heart of Sarasota, a rare and remarkable offering poised at the corner of Boulevard of the Arts and Orange Avenue. With two contiguous parcels, this corner property sits at the epicenter of one of Sarasota’s dynamic and culturally rich neighborhoods, the sought-after Rosemary District. Whether you envision a vibrant mixed-use development or a legacy investment, this location offers immediate value and long-term potential. This rendering illustrates a proposed development featuring two retail spaces at the main level of approx. 900sf each and 23 residential units above. The listing agent also has access to Transferable Development Rights (TDRs), providing the potential to increase the building height from five to seven stories. The additional development potential could accommodate a rooftop pool with elevated views, along with a dedicated amenity level designed to enhance the overall resident experience. Only moments from Sarasota’s most iconic destinations, Lido Beach, Siesta Key, Longboat Key and Anna Maria Island, along with the elegant shopping and dining of St. Armands Circle. Go outside and immerse yourself in a lifestyle defined by convenience and culture. Within this corridor, you will encounter charming galleries, theaters, a vast array of restaurants, the iconic John Ringling Bridge and the excitement of the Sarasota Farmers Market. Culture thrives here, from the Asolo Repertory Theatre to the Van Wezel Performing Arts Hall and the John and Mable Ringling Museum of Art. The soon-to-be-completed 50-acre Bay Sarasota Park will only amplify the lifestyle appeal of this one-of-a-kind property. Downtown Sarasota’s vibrant energy, art scene and culinary experiences are at your doorstep. This is more than a development site, it’s a rare chance to be part of the fabric of Sarasota’s future in one of the city’s vibrant and rapidly evolving neighborhoods. Look no further; the opportunity is now. *Accuracy of all information deemed reliable but not guaranteed and should be independently verified.

Facts & Costs

Property type

Land

Zoning

DTE

Current use

Mixed Use

Lot dimensions

64 x100 x 50 x 134.7

Price per acre

$10,000,000

Road frontage

Business District, City Street, Turn Lanes

Road surface

Paved

Lot size

13,135 sq ft

Days on market

11

Waterfront

No

Community

Halls Sub James S

Subdivision

HALLS SUB JAMES S

County

Sarasota

Flood zone

X

Monthly & yearly costs

Property taxes

$8,386 / year (2025)

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

Utilities & lot

Utilities

BB/HS Internet Available, Cable Available, Electrical Nearby, Electricity Available, Public, Sewer Available, Sewer Nearby, Water Available, Water Nearby

Sewer

Public Sewer

Water

Public

Lot features

Buildable, Central Business District, Cleared, Corner Lot, City Limits, Irregular Lot, Level, Near Public Transit, Oversized Lot, Urban

View

City

Payment Estimate

$8,284 / month

Principal & interest

$7,585

Property taxes

$699

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