Rare Investment Opportunity in Downtown Sarasota’s Redevelopment Wave! Four contiguous lots across two parcels totaling approximately 0.44 acres (1721 & 1743 8th Street) — right in the heart of one of downtown Sarasota’s most exciting transformation zones. This restored vintage home sits in a rapidly evolving neighborhood becoming one… Read More of the city’s most desirable addresses. Just steps from the beloved 10-acre Gillespie Park, featuring grand oaks, tennis and basketball courts, a scenic pond, dog park, fitness trail, and walking paths. Enjoy walking distance to Main Street, with its premier shops, galleries, and restaurants, and only 0.7 miles to Sarasota’s waterfront and The Bay, the city’s new 53-acre signature park. This property lies within an Opportunity Zone with no HOA and no deed restrictions, offering exceptional flexibility for investors and developers. Close to the downtown business district and minutes from the Westcoast Black Theatre Troupe, you’re surrounded by Sarasota’s vibrant cultural and commercial scene. Prime Development Potential: Build 4–6 residential units in this rapidly appreciating neighborhood where new projects are transforming the landscape. Perfect for townhomes, multi-family residences, or custom urban homes. The location offers everything today’s buyers want—walkability, green space, and access to downtown and the bayfront. Investment Strategies: Buy and hold: Rent the charming existing 2-bed, 2-bath home for steady income while land values continue to rise in this high-demand area. Develop now: Join the wave of new construction reshaping the district and capitalize on downtown’s growth. Value-add opportunity: Position yourself in the path of progress where new developments are achieving premium returns. Residents enjoy unparalleled walkability to downtown Sarasota’s dining, arts, and entertainment, including the Van Wezel Performing Arts Hall, Sarasota Orchestra, Marie Selby Botanical Gardens, and the Bayfront Marina. This is more than a property—it’s a rare opportunity to be part of downtown Sarasota’s most dynamic transformation. Don’t miss this exceptional find in the heart of the city’s redevelopment boom! Read Less
Courtesy of FINE PROPERTIES 941-782-0000
Listing Snapshot
Days Online
181
Last Updated
Property Type
Single Family Residence
Beds
2
Full Baths
2
Square Ft.
1,400
Lot Size
0.21 Acres
Year Built
1925
MLS Number
A4647457
30 Days Snapshot Of 34236
$1.72M
-11%
(avg) sold price
19
+11%
homes sold
90
+1%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Name Number: 1743, Living Area Meters: 130.06, Room Count: 4, Architectural Style: "Ranch", Building Area Total: 1662, Building Area Units: Square Feet, Construction Materials: "Brick", "Stucco", Direction Faces: North, Levels: "One", Living Area: 1400, Year Built: 1925
Lot
Lot Size Square Meters: 855, Total Acreage: 1/4 to less than 1/2, 0.44 acres, 9200 square feet, Number Of Lots: 2
Property Access
Road Surface: "Paved"
Appliances & Equipment
Appliances: "None"
Community
Community Features: "Dog Park", "Playground", "Racquetball", "Tennis Court(s)"
Listings courtesy of Stellar MLS as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed 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 be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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