Views
Address
115 Lots N HAWAII DRIVE, Sarasota, FL
Price
$ 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 |
| City | SARASOTA |
| 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 |
Amenities
- 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
Price
Taxes
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on June 10, 2023 6:34 PM UTC
