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$600,000

LEONARD REID AVENUE, SARASOTA, FL 34234

3D Tour
Active323 days on market

Beds

—

Baths

0

Sq Ft

—

Year Built

—

Lot Size

1.70 acres

Garage

—

About This Property

Approximately 1.7 acres of undeveloped land offering residential development potential in Sarasota’s Newtown area. Zoned RMF-2 with a stated density of up to nine units per acre, the property may accommodate approximately 15 residential units, subject to site design and governmental approvals. The site offers 265' of frontage along Leonard Reid Avenue and is located one block east of US-301, approximately 2.5 miles from downtown Sarasota and 3 miles from Sarasota-Bradenton International Airport. Dreamers Academy is directly across the street, with Booker Middle School nearby. Potential uses include a small townhome or multifamily community, while a childcare or adult daycare facility may be considered through the special-exception process. A Phase I Environmental Site Assessment has been completed. The planned Legacy Trail expansion is expected to extend behind the property. Buyers are responsible for independently verifying zoning, allowable uses, density, utilities, access, development requirements and final unit yield.

Property Overview

Property TypeLand
MLS #A4672595
StatusActive
SubdivisionNEWTOWN FARMS
CountySarasota
OwnershipFee Simple

Interior Features

Exterior & Lot

Lot Size1.70 acres (74,052 sq ft)
Lot Dimensions266 x 311 x 218 x 364
Road SurfacePaved
0

Utilities

WaterNone
SewerNone
UtilitiesElectrical Nearby

Parking

GarageNo

HOA & Community

HOANo
Senior CommunityNo

Financial Details

List Price$600,000
Original Price$699,000
Annual Taxes$3,644 (2024)
FinancingCash, Conventional
ZoningRMF2
Parcel #0028040032

Schools

ElementaryGocio Elementary
MiddleBooker Middle
HighBooker High

Directions

From US 301 & Dr Martin Luther King Jr Way, head North on US-301. Right on Myrtle St. Right on Leonard Reid Ave. Parcel is on your left past the 2 churches.

Location

LEONARD REID AVENUE, SARASOTA, FL 34234

Listing Information

OfficeLOYD ROBBINS & CO. LLC
ListedNovember 19, 2025

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Home Price

$600,000

20% ($120,000)
6.75%

Loan Term

Principal & Interest$3,113
Property Tax (est.)$550
Insurance (est.)$150
Total Monthly$3,813
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Nearby Schools

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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: October 8, 2026.

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