Downtown Sarasota land offers a rare development opportunity in the Gillespie Park neighborhood. This parcel is currently five lots with a remodeled 3/2 bungalow on the middle lot. Zoned “Downtown Neighborhood” (DTN), it offers a developer/investor many options to build up to 3 stories. The entire parcel is in The Opportunity Zone guaranteeing tax incentives. Options include: Up to 7 single-family homes with 7 accessory dwelling units (ADUs); Condos or Townhomes; Multifamily Luxury Apartment Enclave; Single-family home compound/estate; Live and work options. The existing back and side alley access is a major advantage for design considerations and private access to multiple dwellings. Location is everything. Walking distance to the heart of downtown Sarasota; Mere blocks away from 10-acre Gillespie Park with walking paths, tennis, pickleball, basketball courts and dog park; new Bayfront Park Project; Rosemary District; shops, restaurants, pharmacy, performing arts theaters, and a 15-minute drive to Lido beaches and St. Armands Circle; 15-minute drive to I-75.
Property Details
Property Features
Listing Office:
Office Name: ALIGN RIGHT REALTY SRQ OPULENCE
Office Phone: (941) 362-3300
Listing Agent: Sabrina Payton-Turner
Virtual/3D Tour
Virtual Tour: 1869 4th St
Virtual Tour
Lot Features
Lot Information:
Lot: City Lot, Paved
Lot Size: 0.12 Acres
School Info
Assigned Schools Information:
Booker High School, Public Magnet Grades 9-12
Booker Middle School, Public Magnet Grades 6-8
Alta Vista Elementary School, Public District Grades PK-5
Other
Directions Information:
Directions: From I-75 on Fruitville, head west on Fruitville toward Lido Beach. In approximately 10 miles, turn right on N. Osprey Ave. Turn right at the first cross street onto 4th St, the property will be on the left.
Price Information
Listing Price Info
Price Summary:
List Price: $3,975,000
Tax Information:
Annual Amount: $1,852
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Sarasota, FL.
This property is $3.4M more than the Median Sold Price in Sarasota, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MFRMLS
MLS Number: #A4579725
Listing Office:
Office Name: ALIGN RIGHT REALTY SRQ OPULENCE
Office Phone: (941) 362-3300
Listing Agent: Sabrina Payton-Turner
Listings courtesy of Stellar MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.
Last updated on: 5/5/2024, 11:49:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Dec 27, 2013
Dec 27, 2013Home Sold
$52,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$1,852
$139,800
2019
$1,602
$85,518
2018
$1,605
$77,744
2017
$1,183
$72,200
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$19.9K
Per Month
Principal & Interest
$19.8K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$11.9K
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
6
/10
Alta Vista Elementary School
1050 S Euclid Ave
Distance between this listing and this school1.40 miles
Public District Grades PK-5
Middle School
2
/10
Booker Middle School
2250 Myrtle St
Distance between this listing and this school2.06 miles
Public Magnet Grades 6-8
High School
3
/10
Booker High School
3201 N Orange Ave
Distance between this listing and this school1.77 miles
Public Magnet Grades 9-12
Assigned Schools
6
/10
Alta Vista Elementary School
1050 S Euclid Ave
Distance between this listing and this school1.40 miles
Public District Grades PK-5
Nearby Schools
3
/10
Tuttle Elementary School
2863 8th St
Distance between this listing and this school1.32 miles
Public District Grades PK-5
4
/10
Emma E. Booker Elementary School
2350 Dr Martin Luther King Way
Distance between this listing and this school1.36 miles
Public District Grades PK-5
Assigned Schools
2
/10
Booker Middle School
2250 Myrtle St
Distance between this listing and this school2.06 miles
Public Magnet Grades 6-8
Nearby Schools
7
/10
Sarasota School of Arts/Sciences
645 Central Ave
Distance between this listing and this school0.63 miles
Public Charter Grades 6-8
2
/10
Suncoast School For Innovative Studies
845 S School Ave
Distance between this listing and this school0.97 miles
Public Charter Grades PK-8
Assigned Schools
3
/10
Booker High School
3201 N Orange Ave
Distance between this listing and this school1.77 miles
Public Magnet Grades 9-12
Nearby Schools
4
/10
Sarasota Military Academy
801 N Orange Ave
Distance between this listing and this school0.46 miles
Public Charter Grades 9-12
4
/10
Sarasota High School
1000 S School Ave
Distance between this listing and this school1.09 miles
The neighbors living near this home have an average income of $31,966. Residents of Sarasota, FL typically earn less than $35k each year. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1869 4th St
What is the listing price of this property?
The listing price of 1869 4th St property is $3,975,000.
What type of property is this?
The property 1869 4th St is land located in Sarasota, Florida, 34236.
Is this property for sale now?
Active Listing: 1869 4th St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1869 4th St are: Alta Vista Elementary School: GreatSchools Rating 6/10Booker Middle School: GreatSchools Rating 2/10Booker High School: GreatSchools Rating 3/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $1,852 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on December 27, 2013 for $52,000. (source: MLS/tax record).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1869 4th St in Sarasota, FL and zip code 34236 in the Gillespie Park neighborhood. This home sits on a 0.12 acre lot. It has been listed on Rocket Homes since August 16, 2023 and is currently priced at $3,975,000.
Sarasota, FL housing market in April 2024 saw over 41 listings sold above listed price, more than 90 sold at listed price and over 462 sold below. Between March 2024 and April 2024, Sarasota, FL real estate market has seen decrease in the number of listings by 1.8%. Listings spent 56 days on the market in April 2024, and had a median list price of $519,031 during the same period.
From Rocket Homes Real Estate and based on county public records data.