2067 Hyde Park St - Paradise @ Hyde Park in Sarasota 1.56 Acres of Residential Land Offered at $9,000,000 in Sarasota, FL 34239

The infill location of these three parcels offers exceptional proximity to Sarasota Memorial Hospital and its continually expanding medical campus.
This prime positioning makes the site highly attractive for an upscale housing development or multi-unit community, appealing to professionals and residents seeking to live near Hillview while remaining “East of the Trail” for more attainable price points.

There is potential to design a high-density residential project that still embraces a boutique, community-oriented atmosphere—incorporating elements such as a central courtyard, private pool, and resident clubhouse.
The City of Sarasota has also demonstrated a cooperative and supportive approach in recent years, particularly toward housing initiatives that include attainable or workforce-focused units, creating a favorable environment for thoughtful development.

Most of the existing housing inventory in this area consists of resales or custom new homes priced in the $750k to multi-million-dollar range.
This opportunity, however, presents the potential to deliver a greater number of units at more attainable price points—a scenario that could represent a true win-win for all stakeholders, including the City of Sarasota, future residents, developers, and lending partners.

The property is currently zoned RMF-5 (Residential Multi-Family 5) under the City of Sarasota’s zoning code.
The RMF-5 district allows for medium-density multi-family development at a rate of up to 25 dwelling units per acre.
Typical building forms within this zone range from two to eight stories, supporting the development of medium- to high-rise apartments and condominiums.
This zoning provides strong flexibility for developers seeking to deliver a mix of residential product types with density and design efficiency. (per municode)

Paradise @ Hyde Park represents an opportunity that stands out for its uniqueness, scale, and exclusivity.
The ability to assemble this much land with density already in place—in one of Sarasota’s most desirable infill locations—is exceptionally rare. There are some nice options for development in place and the possibility exists for some additional opportunities in the future.
Situated just steps from Sarasota Memorial Hospital and its rapidly expanding medical campus, the property also benefits from its proximity to Hillview’s lifestyle district, luxury residential homes west of the trail averaging well over $1 million, and Sarasota Bay, all while remaining outside of FEMA-designated flood zones.
This combination of location, zoning, and potential positions Paradise @ Hyde Park as a truly special development opportunity within the Sarasota market.
Centrally located in Sarasota, Fl, Paradise @ Hyde Park puts current and future residents at the center of one of the most desirable cities in Florida.
This location provides ease of access to employment, amenities, restaurants, golfing, the bayfront, beaches, etc.
Across US-41 from Sarasota Memorial Hospital, this location sets itself apart by the ease of access to amenities, work, entertainment and other necessities future residents desire.