1504 COCOANUT, SARASOTA, FL, 34236 — photo 1
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1504 COCOANUT, SARASOTA, FL, 34236

$555,000

3 Beds1 Baths1,072 Sq FtBuilt 19510.27 Acres1 Garage

About This Property

Beautiful Double Lot Near Downtown Sarasota and The Bay. Prime opportunity for future land development north of downtown Sarasota and The Bay. The value lies in the spacious double lot, nestled in a highly desirable residential neighborhood close to the international airport, Bayfront, and vibrant downtown Sarasota, close to top-rated restaurants, bars, and boutique shops. Enjoy easy access to the public boat ramp on 10th Street, offering a direct route to the Gulf of Mexico for boating and water recreation. Schematic plans and renderings for two homes, each 2500sqft illustrating what can potentially be built on 1504 Cocoanut Ave. should the buyer choose to subdivide the lot. Just a few blocks away, the renowned Ringling College of Art and Design adds to the neighborhood’s prestige. This property is ideal for a two-family home site, a strong investment opportunity in one of Sarasota’s most sought-after areas. The existing home currently generates rental income with a tenant in place. Survey available upon request.

Subdivision

VALENCIA TERRACE REV

Status

Active

Listed By

ROSEBAY INTERNATIONAL REALTY, INC

Days on Market

151

Mortgage Calculator

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Est. Monthly Payment

$3,433

30-yr fixed · 20% down · 6.875%

Principal & Interest$2,917
Property Tax (actual)$285
Est. Home Insurance~0.5% est.$231
Total / month$3,433
Loan amount$444,000

Estimates only — taxes and insurance are approximate. PMI rate, actual lender fees, and closing costs not included. Contact a licensed lender for a precise quote.

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MLS# b1850754abff1ae997558261225e8521

Location