50 W Bay St

$3,680,000, 3.68 Acres

About This Property

Discover a once-in-a-lifetime opportunity to RESTORE, BUILD, or DEVELOP on 3.68 acres directly on Sarasota Bay in scenic, historic Osprey just south of The Oaks. Dating back to the late 1800's and known as one of the first properties to be settled, this sweeping site captures a true sense of Old Florida, while offering exciting new possibilities. The options include the creation of a dream principal estate compound to restore the existing homes or to build new. Alternatively, a buyer can opt to develop an enclave of homes, with approval in place to build on 13 individual lots with boat docks already permitted for each site, as well as 10 acres of submerged land on this astounding waterfront location. Osprey, positioned between the world-class destinations of Sarasota and Venice, is the best of both worlds with a small town feeling with tree-lined streets that end with glimpses of Sarasota Bay, and is minutes from vibrant shops, restaurants, arts and culture of downtown Sarasota. This remarkable waterfront property invites you to become the next chapter of its history.

Essential Information

MLS® #A4158305
Price$3,680,000
Bathrooms0.00
Acres3.68
TypeLand
Sub-TypeResidential Development
StatusActive

Community Information

Address50 W Bay St
AreaOsprey
SubdivisionSaunders V A Resub
CityOsprey
CountySarasota County
StateFL
Zip Code34229

Amenities

Is WaterfrontYes
WaterfrontBay/Harbor

Utilities

Public Utilities, Electric Avail on Site, Public Water, Sprinkler Well

View

Corner Lot/Unit, Level, Lot - Oversized, Street Dead-End

Exterior

Lot DescriptionTwo + to Five Acres

Additional Information

Days on Market546
ZoningRSF3

Listing Details

OfficeMichael Saunders & Company

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50 W Bay St, Osprey (MLS® #A4158305) Property History

Price Reduced from $3,995,000 to $3,680,000

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Listing data comes from My Florida Regional MLS.

Listing information last updated on January 20th, 2018 at 9:49am EST.

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