$1,400,010
$1,400,000
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5.42 Acres Lot
SOLD DATE : 05/07/2021
Key Details
Sold Price $1,400,010
Property Type Vacant Land
Sub Type Residential
Listing Status Sold
Purchase Type For Sale
Subdivision Newtown Farms
MLS Listing ID A4425958
Sold Date 05/07/21
Construction Status Inspections,No Contingency
HOA Y/N No
Annual Tax Amount $272
Lot Size 5.420 Acres
Acres 5.42
Lot Dimensions 281 x 1082
Property Description
The property has a 15 parcels for a total of 5.42 acres ( see Exhibits A and B for all legal descriptions), located at the corner of Myrtle St. and East Lane. It is an irregularly shaped parcel. Zoning is RMF-3 (Residential, Multi-Family 13 units per acre). The property is approved for a 70 unit apartment complex (see photos for survey, site plan and conceptual drawings), with building height up to 3 stories (35') A 6' high wall with stucco and landscaping shall be placed along the eastern property line; all parking shall be on the western side of the property. Taxes reflect all 15 parcels. Small house at 3600 Myrtle St. could rented for $1500 per month. House address is 3600 N. East Ave and interior parcel was 2146 Myrtle Ave. Lot has Mango street sign at curb cut out.
Location
State FL
County Sarasota
Community Newtown Farms
Zoning RMF3
Exterior
Fence Boundary Fencing
Utilities Available BB/HS Internet Capable, Cable Available, Electricity Available, Public, Sewer Connected
Building
Lot Description Buildable, Corner Lot
Lot Size Range 5 to less than 10
Sewer Public Sewer
Water None, Public
Construction Status Inspections,No Contingency
Schools
Elementary Schools Emma E. Booker Elementary
Middle Schools Booker Middle
High Schools Booker High
Others
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
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Bought with THE RAY WILLIAMS GROUP LLC
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