2338 Datura STREET Sarasota, FL $ 2,200,000
2338 Datura STREET
$ 2,200,000
New Construction
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2338 Datura STREET

Sarasota, FL, 34239
$ 2,200,000
Baths0.0

Monthly Estimate*

$ 14,622

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Studio

Lots and Land for sale in Sarasota, FL

for $2,200,000. The lot size is 1.25.

Introducing an investment opportunity in Arlington Park, Sarasota: a fully-approved subdivision project encompassing a 1.25-acre lot, soon to transform into four high-quality, oversized homesites. This property, situated in a prime Sarasota neighborhood, is currently in the infrastructure development phase, including utilities and a private road. The project is expected to reach completion by the end of September 2023, following which, individual addresses will be assigned to each lot. The dev team is pleased to announce that they've brought on board a team of respected custom and spec builders, ready and motivated to drive this project forward. These builders, known for their skills and quality workmanship, are looking forward to contributing through either a builder fee arrangement or a joint venture agreement. This partnership provides additional security and predictability for the investment, fostering a quicker path to potential returns. The homesites are located within Arlington Park, a highly desirable neighborhood in Sarasota, ideally positioned under Hyde Park Street and west of S Shade. The vigorous market for new construction homes in this area underscores the opportunity for a successful investment. The homesites, with dimensions ranging from 8553 sqft to 9770 sqft, are part of a private subdivision with potential for gated access. The homesites also benefit from being situated in a top-tier school district and outside flood zones. Furthermore, as per HOA guidelines, each home is expected to feature a minimum of 2,800 sqft of living space and a two-car garage. This investment proposition, blending location, size, and a high potential for returns, is backed by detailed financials and a well-prepared proforma. These documents are readily available for review with POF. The team is readily available to discuss this lucrative opportunity in further detail. Interested parties are encouraged to contact us to acquire these materials or to address any queries about the process. Don’t miss out on this unique chance. Reach out today and take the first step toward securing a stake in this promising development in the heart of Sarasota. Secure your future with an investment that blends excellent potential returns with a team of experienced builders already on board.

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Lots and Land Active

Price

$ 2,200,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 5,625

Style

Lot Size

1.25

Town/City

Sarasota

County/Region

Sarasota

MLS | Web ID

A4576213

Features
General
Sewer Public Sewer
Utilities BB/HS Internet Available Cable Available Electricity Available Fire Hydrant Other Phone Available Sewer Available Water Available
Zoning RSF3
Association Fee Includes Common Area Taxes Private Road
Security Features Gated Community
Pets Allowed Yes
View Garden Pool Trees/Woods
Tax Year 2022
Current Use Residential
Percent Ownership Fee Simple
Community Features Curbs Gated Community - No Guard Sidewalks
County Sarasota
Property Type Land
Association Amenities Gated
HOA / Comm Assn No
Subdivision Name PALMERS SUB
Facing Direction North
Status Active
Directions Heading north on 41 pass Webber St turn right on Datura. Property will be located on the right.
High School Sarasota High
City SARASOTA
Buyer Agent Compensation 3%
MLS Area 34239 - Sarasota/Pinecraft
Lot Size Square Feet 54640
Waterfront Y/N No
Street Name Datura
Listing Terms Cash Conventional Other
Elementary School Southside Elementary
Tax Annual Amount 5625
Middle/Junior High School Brookside Middle
Public Remarks Introducing an investment opportunity in Arlington Park Sarasota: a fully-approved subdivision project encompassing a 1.25-acre lot soon to transform into four high-quality oversized homesites. Th
Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4576213
Days on Market 165
Standard Status Active
Tax Lot 26
Legal Description COM AT NE COR OF LOT 26 HOMELANDS DEVELOPMENT CORP SUB TH ALONG SLY R/W OF DATURA ST N 89-52-10 E 20.01 FT FOR POB TH N 89-52-10 E 84.25 FT TH N 75-11-27 E 54.41 FT TO NW COR OF
Water Access Y/N No
Water View Y/N No
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Exterior
Lot Features Buildable Cleared Compact Soil Cul-De-Sac Curb and Gutters Fire Hydrant City Lot Level Oversized Lot Private Room For Pool Sidewalk
Water Source Public
Lot Size Area 1.2544
Lot Dimensions 160 x 339
Lot Size Acres 1.25
Road Surface Type Paved Asphalt
Lot Size Units Acres
Road Frontage Type Street Paved Private Road
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Interior
Street Suffix STREET
Total Baths 0
Living Area Units Square Feet
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* Excluded Features
List By
Emerald Realty Brokerage

Broker

ssmith@erb.world

Email

Affordability Calculator

$15,091
Per Month
97%
3%
0%
Monthly Principal & Interest
$14,622
Monthly Property Taxes
$469
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3325486 Elementary School
3326155 Middle School
Sarasota High High School
Pricing History
DatePricePrice ChangeDescription
7/11/2023$2,200,000 Listed Price

Map


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2338 Datura STREET, Sarasota, FL, 34239 is a Lots and Land for sale at $2,200,000 with a lot size of 1.25. 2338 Datura STREET is a studio with 0.0 baths. The property's zip code is 34239 which is in Sarasota, FL