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Investment Highlights

  • Walking distance to beach
  • 3 day rental available

Executive Summary

Rare developer opportunity on Siesta Key. This vacant parcel, zoned RMF-1 (Residential Multi-Family), sits on two lots totaling approximately 23,206 sq ft and comes with two professionally designed build options. Option one allows one single-family home and one duplex, each with private pools, covered outdoor living, and 3-car or 4-car garages. Option two features a stunning 3-story boutique condo complex with a resort-style courtyard pool, private cabanas, spacious balconies, and lush tropical landscaping. Additional information and architectural plans for both options are available upon request, please contact the Listing Agent. Located in the sought-after Point of Rocks Terrace neighborhood, just minutes from world-famous Siesta Key Beach — consistently ranked among the best beaches in the country. This is a rare chance to build on one of Florida's most coveted barrier islands.

Property Facts

Price $4,950,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units - Condo
  • Single Family Development
  • Single Family Residence
Total Lot Size 23,206.00 AC
Zoning RMF-1

1 Lot Available

Lot

Price $4,950,000
Price Per AC $213.31
Lot Size 23,206.00 AC

This vacant parcel, zoned RMF-1

Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
50/100
  • Listing ID: 40758700

  • Date on Market: 6/2/2026

  • Last Updated:

  • Address: 1122 Crescent St, Sarasota, FL 34242

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