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2338 Datura St

Sarasota, Florida, 34239, United States

Property ID: #584312 // land
2338 Datura St
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Traditional Sale
List Price:
$2,200,000.00
Icon - ft²
Icon 1.25 acres
Icon - beds
Icon - baths
Address:
2338 Datura St
City:
Sarasota
State:
Florida
Zip Code:
34239
County:
Sarasota
Subdivision:
PALMERS SUB
Country:
United States
Property Type:
Land
Additional Property Types:
Land
Lot Size:
1.25 acres
Data Source:
Mid Florida Realty MLS
MLS/Reference Number(s):
A4576213
Source Status:
Active
Source Property Type:
Land

Property Provided By

  • Stephen Smith Jr.
  • Emerald Realty Brokerage
  • +1 (252) 450-5477
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Property Information

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.

Directions

Heading north on 41, pass Webber St, turn right on Datura. Property will be located on the right.

Source Disclaimer

Mid Florida Realty MLS

Listing Information © 2024 Stellar MLS. All Rights Reserved.
Courtesy of Emerald Realty Brokerage ssmith@erb.world
IDX information is provided exclusively for consumers' personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to the MLS GRID as of 2024-05-21 16:58:08. 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.


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