SARASOTA, FL 34231

Property

Ownership: Fee Simple
Type: Single Family
Bedrooms: 5 BR
Bathrooms: 7
Lot Size: 0.5 Acres

Financials

Price:$3,980,000
Annual Taxes:$16,465.79
888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of MICHAEL SAUNDERS & COMPANY

Pre Construction. To be built.

Description

Pre-Construction. To be built. 1621 Memory Lane presents a rare opportunity to build a custom bayfront estate on Little Sarasota Bay in the Bayview Acres neighborhood, one of Sarasota’s most strategically positioned mainland waterfront communities. Situated on a quiet no-through street south of Stickney Point Road and west of Tamiami Trail, this expansive .47-acre parcel offers approximately 100 feet of direct frontage on the bay and the scale to design a significant coastal residence with generous outdoor living areas, pool, and the ability to construct a private pier, subject to permitting. The property is offered as a vacant lot for $1,480,000 or as a to-be-built custom residence by The Vision Group priced at $3,980,000, providing flexibility for buyers to bring their own builder or move forward with a fully designed plan. The setting delivers privacy and calm while remaining just minutes from the south bridge to Siesta Key and equally convenient to downtown Sarasota’s dining, arts, and cultural amenities. Continued investment along the U.S. 41 and Siesta Drive corridor, including Benderson’s planned retail and mixed-use development, further strengthens the long-term appeal of this location. The property is especially well suited for buyers transitioning off the barrier islands who want mainland accessibility without sacrificing water views, as well as inland residents ready to elevate to a true bayfront setting without HOA constraints. With limited remaining buildable bayfront parcels of this size and frontage—and new construction next door on a comparable lot estimated at $6 million in value—the economics present a compelling opportunity to build at a meaningful discount to neighboring new construction.

Amenities

  • Bay/Harbor
  • Cable - Available
  • Convection Oven
  • Dishwasher
  • Electricity Available
  • Heated
  • In Ground
  • Intracoastal Waterway
  • Microwave
  • Open Floorplan
  • Oversized Lot
  • Refrigerator
  • Sliding Doors
  • Storm Window(s)
  • Street Dead End
  • Water

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.