$575,000
About this home
Zoned DTE (Downtown Edge) in Sarasota's Gillespie Park neighborhood, this approximately 6,600-square-foot parcel offers rare downtown development flexibility. Under the City's DTE base density of 25 units an acre, the site supports up to 3 units by right. Buyers are responsible for confirming applicable review requirements with the City of Sarasota. For greater density, Sarasota's Downtown Attainable Housing Density Bonus program allows DTE properties to reach up to 100 units an acre, or approximately 15 units on this site, once the attainable-housing requirements are satisfied. The program requires a minimum of .15 of the additional units above base density (so 2 of 15 units)—not the entire development—to be designated attainable for at least 30 years, subject to the City's income-tier requirements. Buyers should verify the required attainable-unit count for their proposed development. Conceptual layouts are available for a 3-unit development and a 12-unit residential building. Buyers may also explore development of up to approximately 15 units under the density bonus program, subject to design feasibility and City requirements. Concepts are illustrative and are not approved development plans. The property is located within a federally designated Opportunity Zone, offering potential tax advantages for qualifying investments. Buyers should consult their tax advisor regarding eligibility, investment timing, and applicable federal transition rules. A rare opportunity to secure a flexible, high-potential parcel in one of Sarasota's most dynamic downtown-adjacent neighborhoods.
Property details
- MLS
- Stellar MLS
- MLS #
- MFRA4696301
- Property type
- Land
- Subdivision
- SCHINDLER SUB
- Status
- Active
- Days on market
- 1
- On market date
- October 19, 2026
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.15 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.
- Enrollment
- 516
- Student:teacher ratio
- 11.5:1
- District
- SARASOTA
- Enrollment
- 752
- Student:teacher ratio
- 18.8:1
- District
- SARASOTA
- Enrollment
- 1,251
- Student:teacher ratio
- 13.9:1
- District
- SARASOTA
Walkability
Blended score for SARASOTA's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in SARASOTA, from live MLS data.
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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated 1 days ago.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.