$2,500,000
1891 PROSPECT STREET, SARASOTA, FL 34239
Beds
2
Baths
1
Sq Ft
1,091 sq ft
Year Built
1950
Lot Size
0.56 acres
Garage
—
About This Property
Discover this UNIQUELY RARE OPPORTUNITY in the Coveted West of the Trail Neighborhood, amongst other very beautiful multi-million-dollar homes (two back-to-back lots, 1891 Prospect with frontage of 88’ and 1894 Loma Linda with frontage of 78’ and with depth of 296’ for a total of both properties). The property on Loma Linda side is located on a quiet cul de sac at the end of the street. The two properties situated over half an acre have sewer and electric ready at the property and mature grand palms. Explore the potential opportunities this unique property offers! In combining these two lots you will have endless opportunities to customize the property to your vision. Whether you're seeking a family compound, multi-family development, or a dream home with additional income potential, this property delivers unmatched flexibility. Generate immediate income with existing rentals—Prospect is currently rented at $2,450 annually, and the adjacent lot Loma Linda is listed at $4,800 for annual rental—or live in one home while you plan and build on the other. With no flood zone concerns and established electrical and sewer connections, the property is ready to bring your vision to life. Location is exceptional with “A” rated Southside Elementary School, minutes to Southside Village shops and dining options, minutes to Sarasota Memorial Hospital, Downtown Sarasota and all the cultural amenities, Siesta Key beach and St. Armand’s Circle. Don’t miss this rare opportunity to create your perfect Sarasota retreat! Sold "as is."
Property Overview
Interior Features
Exterior & Lot
Utilities
Parking
HOA & Community
Financial Details
Schools
Directions
From Downtown Sarasota head south on Osprey, turn left on Prospect, property is on the left side.
Location
1891 PROSPECT STREET, SARASOTA, FL 34239
Listing Information
Schedule a Tour
Pick a Day
Preferred Time
Home Price
$2,500,000
Loan Term
Nearby Schools
Financing a Luxury Home
Specialized financing for this $2,500,000 property in SARASOTA. Luxury purchases typically require jumbo or portfolio lending.
💎
Jumbo Loan
$250,000 Down
For homes exceeding conforming loan limits. Typically requires 10-20% down, strong credit, and reserves.
🎖️
VA Jumbo
$0 Down
VA-eligible borrowers can go above conforming limits with zero down in many cases.
🏦
Portfolio Loan
$375,000 Down
Held by the lender, not sold. Flexible terms for high-net-worth buyers with non-traditional income.
🔑
Bridge Loan
$500,000 Down
Short-term financing to buy before selling. Ideal for move-up buyers in competitive markets.
More Homes in Sarasota
More Homes in Sarasota
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: July 8, 2026.