115 Lots N HAWAII DRIVE, Sarasota, FL
$ 11,500,000
Property Attributes
  • MLS#U8196019
  • TypeLand
  • CountySARASOTA
  • CitySarasota
  • AreaSarasota
  • NeighborhoodLAKE SARASOTA
  • Zip34241
  • Style
  • Taxes$ 188
  • Price$ 11,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size7,405 SqFt
Data Source:
Stellar MLS
Property Description

1 to 115 Residential Building Lots in the newest phase of Lake Sarasota Estates Subdivision. Lots have already been platted and have individual Parcel#s Lots can be purchased by Developer for 100k each x 115 lots. Development Cost of 2 bridges streets & utilities may be 100k per lot. Total Developer investment is 200k per lot and we have builders ready to commit to buying all 115 lots at 250k per lot, or you Option 1 - Be the Developer. Buy the lots for 100k each, Develop the lots with streets & utilities etc for 100k each. Sell lots for 250k+ each. Option 2 - JV with the Land Owner. You only pay 100k per lot for development costs. He puts land up. 50/50 JV. Sell lots for 250k+ each Option 3 - Be the Developer & Builder. Earn profits from the lot sales and profits from new home construction. Access to this land can come from Jarvis Rd. and from Kahana Dr. which are both located in the existing Sarasota Lakes Subdivision. 2 Bridges will need to be constructed over the creek to install roads and utilities to these lots. Projected Sales Price for New Homes on these lots will be 1million plus with lots being sold in the 250k range.

Elementary School Middle School High School
Tatum Ridge Elementary McIntosh Middle Booker High
Price History
4/4/2023 Listed $17,250,000
4/7/2023 1% - $17,238,500
5/2/2023 91% - $1,723,000

General Features

Additional Parcels Y/N No
Association Y/N No
Building Area Units Square Feet
Buyer Agent Compensation 3%-$995
County Sarasota
Current Use Residential
Directions From Tatum Ridge Elementary School, Head northwest on Western Pine Cir, Continue on Tatum Rd to Fruitville Rd/Historic Florida 780 E, Turn right onto Tatum Rd, Turn right onto Rim Rd
Elementary School Tatum Ridge Elementary
For Lease YN No
High School Booker High
Lot Size Square Feet 7560
MLS Area 34241 - Sarasota
Middle/Junior High School McIntosh Middle
Other Structures Other
Percent Ownership Fee Simple
Possession Negotiable
Property Type Land
Sewer Public Sewer
Standard Status Active
Status Active
Street Name HAWAII
Subdivision Name LAKE SARASOTA
Tax Annual Amount 188
Tax Lot 677
Tax Year 2022
Terms Conventional
Township 37
Utilities Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available
View Trees/Woods
Water Access YN No
Waterfront Y/N No
Zoning RSF3

Interior Features

Flood Zone Code Zone AE
Front Footage 70
Living Area Units Square Feet
Street Suffix DRIVE

Exterior Features

Days on Market 59
Barn Features None
Horse Amenities None
Lot Dimensions 7405
Lot Features Wooded
Lot Size Acres 0.17
Road Frontage Type Highway
Road Responsibility Public Maintained Road
Road Surface Type Asphalt
Vegetation Wooded, Wooded
Water Extras YN No
Water Source Public
Water View YN No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 34241

AVG $2.16M
AVG $3,052
AVG 167

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