Active

$3,980,000

Features:
  • 5 Bedrooms
  • 8 Bathrooms
  • 4626 sq ft
Overview
  • ID: MFRA4677041
  • Bedrooms: 5
  • Bathrooms: 8
  • Size: 4626 sq ft
Property Details
Remarks
Pre-Construction. To be built. 1621 Memory Lane presents a rare opportunity to build a custom bayfront estate on Little Sarasota Bay in the Bayview Acres neighborhood, one of Sarasota’s most strategically positioned mainland waterfront communities. Situated on a quiet no-through street south of Stickney Point Road and west of Tamiami Trail, this expansive .47-acre parcel offers approximately 100 feet of direct frontage on the bay and the scale to design a significant coastal residence with generous outdoor living areas, pool, and the ability to construct a private pier, subject to permitting. The property is offered as a vacant lot for $1,480,000 or as a to-be-built custom residence by The Vision Group priced at $3,980,000, providing flexibility for buyers to bring their own builder or move forward with a fully designed plan. The setting delivers privacy and calm while remaining just minutes from the south bridge to Siesta Key and equally convenient to downtown Sarasota’s dining, arts, and cultural amenities. Continued investment along the U.S. 41 and Siesta Drive corridor, including Benderson’s planned retail and mixed-use development, further strengthens the long-term appeal of this location. The property is especially well suited for buyers transitioning off the barrier islands who want mainland accessibility without sacrificing water views, as well as inland residents ready to elevate to a true bayfront setting without HOA constraints. With limited remaining buildable bayfront parcels of this size and frontage—and new construction next door on a comparable lot estimated at $6 million in value—the economics present a compelling opportunity to build at a meaningful discount to neighboring new construction.
Financial Considerations
Price:
$3,980,000
HOA Fee:
N/A
Tax Amount:
$16465.79
Price per SqFt:
$860.35
Tax Legal Description:
COM SW COR OLD 66 FT R/W STICKNEY POINT RD & OLD 66 FT R/W TAMIAMI TR TH S 51-05 W ALG STICKNEY POINT RD 2409.5 FT TO SW R/W AVE D TH S 60-49 E ALG R/W 412 FT TH S 29-11 W 400 FT FOR POB TH S
Exterior Features
Lot Size:
20485
Lot Features:
Oversized Lot, Street Dead-End
Waterfront:
Yes
Parking Spaces:
N/A
Parking:
N/A
Roof:
Tile
Pool:
Yes
Pool Features:
Heated, In Ground
Interior Features
Bedrooms:
5
Bathrooms:
8
Heating:
Electric, Other
Cooling:
Central Air
Appliances:
Convection Oven, Dishwasher, Microwave, Refrigerator
Furnished:
Yes
Floor:
Tile
Levels:
Two
Additional Features
Property Sub Type:
Single Family Residence
Style:
N/A
Year Built:
2027
Construction Type:
Concrete, Stucco
Garage Spaces:
Yes
Covered Spaces:
N/A
Direction Faces:
East
Pets Allowed:
No
Special Condition:
None
Additional Features:
Sliding Doors
Additional Features 2:
N/A
Map
  • Address
    1621 MEMORY LN
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