Homes for sale - 5106 S LOCKWOOD RIDGE RD, Sarasota, FL 34231

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Pending

Purchase Type For Sale

Square Footage 520 sqft

Price per Sqft $614

Subdivision All States Park

MLS Listing ID N6138685

Bedrooms 2

Full Baths 1

Year Built 1956

Annual Tax Amount $926

Lot Size 0.280 Acres

Property Sub-Type Single Family Residence

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. With zoning that allows the property to be divided into two separate, buildable lots, this double parcel is ideally positioned for new residential construction.
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.
Located directly across from Red Bug Slough Preserve, the property offers 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.

Location

State FL

County Sarasota

Community All States Park

Area 34231 - Sarasota/Gulf Gate Branch

Zoning RSF3

Interior

Heating Ductless

Cooling Wall/Window Unit(s)

Flooring Laminate

Laundry Other

Exterior

Exterior Feature Storage

Utilities Available Public

Roof Type Shingle

Building

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Metal Siding

New Construction false

Schools

Elementary Schools Wilkinson Elementary

Middle Schools Brookside Middle

High Schools Riverview High

Others

Acceptable Financing Cash,Conventional,FHA,VA Loan

Listing Terms Cash,Conventional,FHA,VA Loan

Special Listing Condition None