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1150 Windsong Ln
Siesta Key, FL 34242 South Sarasota

$2,250,000 USD

Land For Sale  •  0.23 AC

Property Details

  • Property Type Land
  • Lot Size 0.23 AC
  • Zoning RMF3
0 Transit Score
20 Walk Score

Description 

This well located Siesta Key property gives Developers & Investors the opportunity to build 3 luxury vacation rental or condo units beachside with private deeded beach access to America’s #1 beach, and a world class vacation destination! The RMF-3 zoning allows for no minimum stay, greatly increasing gross rental potential. Units can be kept for income, generating above average returns, or sold individually as condos. 
Recent sales of RMF properties in the area are in excess of $1.1M-$1.3M+ land cost per unit. 
With entitlements to build 3 RMF zoned units priced at $697k land cost per unit, this opportunity offers substantial upside potential to the Buyer.
The current rental home on the property can generate $75K+ annual gross rental income until Buyer is ready to construct new units.
Great 1031 exchange candidate. 
We would consider delivering completed building, should Buyer require.
Principals only please.

Highlights

Located beach-side with deed beach access and a short walk to the beach on a quiet private lane.
Property is located mid-island, close to both north and south villages and bridges.
Can be managed by professional vacation rental company, or internally by the buyer to increase returns.
RMF Zoning, allows both short- & long-term rentals, greatly increasing the gross rental potential.

Property Flyers

Public Transportation

AirportDriveWalkDistance
Sarasota/Bradenton International 25 min - 11.7 mi
Christopher Deveso 941-809-8671 TC Group, LLC
Christopher Deveso 941-809-8671 TC Group, LLC