5106 S LOCKWOOD RIDGE ROAD at

5106 S LOCKWOOD RIDGE ROAD

$240,000

$10,000
Price Decreased

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Overview

0.28 acres

Property Description

Situated in the heart of Sarasota, this exceptional 12,177 square foot corner lot presents a rare and highly valuable opportunity for investors, developers, and builders. The potential to develop brand-new homes in one of Sarasota’s most desirable and fast-growing areas makes this a prime investment with significant upside. While the existing 520-square-foot structure currently occupies the property, the true value lies in the land and its future development potential. The expansive size and strategic location provide flexibility in design and layout, creating the perfect foundation for high-quality new builds that will appeal to today’s buyers seeking modern homes in a well-connected neighborhood. In addition to building a brand-new single-family home, the buyer can also create an accessory dwelling unit (ADU) of up to 750 square feet—offering even more potential for income or multigenerational living. Located directly across from Red Bug Slough Preserve, the property offers both creative exposure and a unique blend of urban convenience and natural beauty. Future homeowners will enjoy immediate access to walking trails, dog paths, a tranquil lake, fishing piers, and picnic pavilions. The surrounding area is rich with amenities, including parks, schools, shopping centers, and dining options, while world-famous Siesta Key Beach is just a 10-minute drive away. As Sarasota continues to grow in popularity for its lifestyle, culture, and coastal charm, demand for well-located residential properties remains strong. This property represents a rare chance to build and capitalize on that demand. Whether you're a seasoned investor or a developer seeking your next project, this is a can’t-miss opportunity to create something exceptional in one of Florida’s most vibrant markets.

Property Details

MLS#

N6139377

Address

5106 LOCKWOOD RIDGE S

City

Sarasota

State/county

Zip/Postal Code

34231

Area

All States Park

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$926

Maint Fee

$--

Tax Year

2024

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