905 Royal Palm Drive
Sarasota, FL 34234
- – beds
- – baths
- – sqft
- ~3/4 acre lot
- – on site
Prime Multi-Family Development Opportunity in Sarasota! Seize this rare chance to develop a high-demand, income-producing property in one of Sarasota’s fastest-growing corridors. Located in the up-and-coming North Sarasota corridor, this 115-foot frontage lot is zoned RMF-2, allowing for a 10-unit multi-family development, with the potential to expand to 14 units—perfect for investors looking to capitalize on Sarasota’s booming rental market. This property is ideally situated just minutes from SRQ Airport, The Ringling School of Art, local theaters, entertainment, downtown Sarasota, and the waterfront. High rental demand, proximity to employment hubs, shopping, dining, and public transit make this a strategic investment in a rapidly growing area. The level lot offers strong development potential, with opportunities for appraisals, surveys, and cost analysis for site preparation. The seller is also offering up to $5,000 towards closing costs, making this an even more attractive opportunity. With Sarasota’s increasing need for multi-family housing, this is a prime investment opportunity to develop, lease, and generate long-term returns. Contact us today to explore development possibilities and secure this exceptional property.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Mar 28, 2025
•
MLS# A4646446 —
The Building
-
Building Area Units:Square Feet
Room Dimensions
-
Living Area Units:Square Feet
Location
-
Directions:Driving Directions to 905 Royal Palm Drive, Sarasota, FL 34234 From I-75, take Exit 213 (University Parkway) and head west. Turn left on US-41/S Tamiami Trail, then right on Myrtle Street. Turn left onto Royal Palm Drive—property is on the right. From Downtown Sarasota, head north on US-41/N Tamiami Trail, turn left on Myrtle Street, then left on Royal Palm Drive—property is on the right. From SRQ Airport, take University Parkway west, turn left on US-41/S Tamiami Trail, then right on Myrtle Street. Turn left on Royal Palm Drive—property is on the right.
-
Latitude:27.376111
-
Longitude:-82.5525
-
Coordinates:-82.5525, 27.376111
The Property
-
Parcel Number:2001150077
-
Property Type:Land
-
Lot Size Acres:0.67
-
Lot Size Area:28701
-
Lot Size SqFt:28701
-
Lot Size Dimensions:257 x 126, 98 x 231
-
Lot Size Units:Square Feet
-
Total Acres:1/2 to less than 1
-
Zoning:RMF2
-
Current Use:Unimproved
-
View:false
-
Water Source:Public
-
Road Surface Type:Asphalt
-
Flood Zone Code:X
-
Flood Zone Panel:12115C0043G
-
Additional Parcels:false
-
Price Per Acre:574627
Listing Agent
- Contact info:
- Agent phone:
- (941) 720-3572
- Office phone:
- (941) 366-8070
Taxes
-
Tax Year:2024
-
Tax Lot:7
-
Tax Legal Description:LOT 7 & PART OF LOT 6 DESC AS BEG NE COR LOT 6 TH N-62-39-35-W 146.05 FT TH W 15 FT TH S 49.68 FT TH S-56-57-9-E 83.11 FT TH N- 82-46-18-E 58.91 FT TH NELY ALG CURVE TO RIGHT 27.83 FT TO POB, TOGETHER
-
Tax Book Number:27-40
-
Tax Annual Amount:2167
The Listing
-
Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/stellar/A4646446
-
Special Listing Conditions:None
Utilities
-
Utilities:Other
-
Sewer:Public Sewer
The Community
-
Subdivision Name:WILDWOOD PINES
-
Waterview:false
-
Water Access:false
-
Waterfront:false
-
Ownership:Fee Simple
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/28/25
Mar 28, 2025
|
Listed / Active | STELLAR_MLS | $385,000 |
