Active

$250,000

Features:
  • 2 Bedrooms
  • 1 Bathrooms
  • 520 sq ft
Overview
  • ID: MFRN6138685
  • Bedrooms: 2
  • Bathrooms: 1
  • Size: 520 sq ft
Property Details
Remarks
Situated in the heart of Sarasota, this exceptional 12,177 square foot corner lot presents a rare and highly valuable opportunity for investors, developers, and builders. The potential to develop brand-new homes in one of Sarasota’s most desirable and fast-growing areas makes this a prime investment with significant upside. While the existing 520-square-foot structure currently occupies the property, the true value lies in the land and its future development potential. The expansive size and strategic location provide flexibility in design and layout, creating the perfect foundation for high-quality new builds that will appeal to today’s buyers seeking modern homes in a well-connected neighborhood. In addition to building a brand-new single-family home, the buyer can also create an accessory dwelling unit (ADU) of up to 750 square feet—offering even more potential for income or multigenerational living. Located directly across from Red Bug Slough Preserve, the property offers both creative exposure and a unique blend of urban convenience and natural beauty. Future homeowners will enjoy immediate access to walking trails, dog paths, a tranquil lake, fishing piers, and picnic pavilions. The surrounding area is rich with amenities, including parks, schools, shopping centers, and dining options, while world-famous Siesta Key Beach is just a 10-minute drive away. As Sarasota continues to grow in popularity for its lifestyle, culture, and coastal charm, demand for well-located residential properties remains strong. This property represents a rare chance to build and capitalize on that demand. Whether you're a seasoned investor or a developer seeking your next project, this is a can’t-miss opportunity to create something exceptional in one of Florida’s most vibrant markets.
Financial Considerations
Price:
$250,000
HOA Fee:
N/A
Tax Amount:
$926
Price per SqFt:
$480.77
Tax Legal Description:
LOTS 23 & 24, BLK C, LESS W 15 FT THEREOF, LESS S 4 FT OF SAID LOT 24, LESS E 4 FT FOR R/W IN RPB 2/2, ALL STATES PARK, OR 2654/141
Exterior Features
Lot Size:
12177
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
2
Bathrooms:
1
Heating:
Ductless
Cooling:
Wall/Window Unit(s)
Appliances:
Other
Furnished:
No
Floor:
Laminate
Levels:
One
Additional Features
Property Sub Type:
Single Family Residence
Style:
N/A
Year Built:
1956
Construction Type:
Metal Siding
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
East
Pets Allowed:
No
Special Condition:
None
Additional Features:
Storage
Additional Features 2:
N/A
Map
  • Address
    5106 S LOCKWOOD RIDGE RD
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