1150 Windsong Lane, SARASOTA

$1,999,000

0 Beds
0 Baths
0 Sqft
.23 Acres
0 Garages

Developers and Investors, this is a rarely available opportunity to build 3-units, beach side with deeded beach access and only steps down a private lane to the beautiful azure waters of the Gulf of Mexico, and 7-time winner of America’s #1 beach, Siesta Beach! RMF-3 zoning allows for no minimal rental periods, greatly increasing the gross rental potential. Recent sales of RMF zoned properties on Siesta Key (if one can be located) have been in $1M-$1.3M+ land cost per unit. At $666k land cost per unit, there is considerable upside for a buyer/investor. Units can be pre-sold individually as condos or when complete, kept for income to take advantage of the lucrative vacation rental market on Siesta Key. Or a combination of the two strategies can be deployed. Currently there is cozy single family rental home on the property that can gross $75k+ in annual income until ready to build. An accepted LOI allows access to floor plans, elevations, renderings, proformas, appraisal etc…. Owner would consider delivering completed building on a case-by-case basis.

Essential Information
MLS® #R4905239
Price$1,999,000
Acres0.23
TypeLand
StatusActive
Price Per Sqft$199
Community Information
Address1150 Windsong Lane
CitySARASOTA
CountySarasota
StateFL
Zip Code34242
Pet Restrictions YNN
Area

Sarasota/Crescent Beach/Siesta Key

Subdivision

GULF VIEW ON LITTLE SARASOTA BAY

Amenities
Water ViewGulf/Ocean - Partial
Additional Information
Date ListedSeptember 9th, 2021
Days on Market9
ZoningRMF3
Costs
Taxes$6,473
Tax Year2020

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Listing data comes from My Florida Regional MLS DBA Stellar MLS.

Listing information last updated on September 19th, 2021 at 12:19am EDT.