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1645 Bayshore Rd 3.87 Acres of Residential Land Offered at $25,196,357 CAD in Nokomis, FL 34275

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INVESTMENT HIGHLIGHTS

  • Located only 5 minutes to beautiful Nokomis Beach and Jetty and 10 minutes to quaint downtown Venice Island and beach.
  • Easy access to the highway.
  • 30 minutes from Downtown Sarasota.

EXECUTIVE SUMMARY

This listing offers one of the last undeveloped intercoastal/bayfront multi-family sites left on the West Coast of Florida which includes a 17-slip marina and additional dockage. This sale includes two separate lots (PID#S-0166150006 & 0166150007), with 3.87 acres combined with 345 +/-ft of Bay-frontage. This unique parcel is zoned for a total of 34 units with preliminary architectural renderings and the Sarasota County DRC pre-submittal application process has been completed along with surveys. With panoramic Bayfront views, large acreage and a private marina, you have the ability to create an exclusive multi-family waterfront development. Additional uses would include a single-family home development, a grand estate property with its own marina and large acreage. Another option would be to reside on one lot and build income producing properties on the other, along with boat-slip rentals. There are 12 buildings on the property with 14 units. Some of the units need work including roofs but are repairable. They are all concrete block except one building. The serene view overlooking Casey Key provides an old Florida feel. This property is ideally located with only 5 minutes to beautiful Nokomis Beach and Jetty, 10 minutes to quaint downtown Venice Island and beach, about 30 minutes from Downtown Sarasota with all of its cultural offerings, restaurants, nightlife, entertainment as well as easy access to the highway within 5 minutes. Take this one-of-a-kind property and transform it into your own Bayfront gem!

PROPERTY FACTS

Price $25,196,357 CAD
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use Multifamily
Total Lot Size 3.87 AC
No. Stories 1
Zoning RMF2 - Moderate Density Multiple Family Zones

1 LOT AVAILABLE

Lot

Price $25,196,357 CAD
Price Per AC $6,510,686.48 CAD
Lot Size 3.87 AC

This sale includes two separate lots (PID#S-0166150006 & 0166150007), with 3.87 acres combined with 345 +/-ft of Bay-frontage.

DESCRIPTION

This 3.87-acre land parcel is a previously developed lot perfectly positioned just 5 minutes from Nokomis Beach and Jetty. Located within a short 10-minute drive to the vibrant downtown Venice Island and beach area, this property combines serene coastal living with convenient urban amenities. It is also just 30 minutes from downtown Sarasota, providing access to cultural attractions, shopping, and dining. The surrounding area is home to approximately 24,700 residents within a 3-mile radius, and forecasts predict a significant population growth of 17% between 2024 and 2029, underscoring the strong investment potential of this location. This land is ideal for those seeking a prime spot to build or invest in a rapidly growing and highly desirable coastal community

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0166-15-0007
Land Assessment
$5,032,199 CAD
Improvements Assessment
$544,378 CAD
Total Assessment
$5,576,577 CAD
  • Listing ID: 31268362

  • Date on Market: 2024-03-19

  • Last Updated:

  • Address: 1645 Bayshore Rd, Nokomis, FL 34275

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