by Global Lifestyle Properties

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Sarasota 34231
1621 MEMORY LANE
$3,980,000
● House - For Sale

1621 MEMORY LANE

SARASOTA, FL 34231
bedrooms
5 Beds
bathrooms
6 Baths, 2 Half Baths
square feet
4,626 Ft²
$20,915
Est. Monthly

About This Property

Pre-Construction. To be built. 1621 Memory Lane presents a rare opportunity to build a custom bayfront estate on Little Sarasota Bay in the Bayview Acres neighborhood, one of Sarasota's most strategically positioned mainland waterfront communities. Situated on a quiet no-through street south of Stickney Point Road and west of Tamiami Trail, this expansive .47-acre parcel offers approximately 100 feet of direct frontage on the bay and the scale to design a significant coastal residence with generous outdoor living areas, pool, and the ability to construct a private pier, subject to permitting. The property is offered as a vacant lot for $1,480,000 or as a to-be-built custom residence by The Vision Group priced at $3,980,000, providing flexibility for buyers to bring their own builder or move forward with a fully designed plan. The setting delivers privacy and calm while remaining just minutes from the south bridge to Siesta Key and equally convenient to downtown Sarasota's dining, arts, and cultural amenities. Continued investment along the U.S. 41 and Siesta Drive corridor, including Benderson's planned retail and mixed-use development, further strengthens the long-term appeal of this location. The property is especially well suited for buyers transitioning off the barrier islands who want mainland accessibility without sacrificing water views, as well as inland residents ready to elevate to a true bayfront setting without HOA constraints. With limited remaining buildable bayfront parcels of this size and frontage-and new construction next door on a comparable lot estimated at $6 million in value-the economics present a compelling opportunity to build at a meaningful discount to neighboring new construction.
Unit Size
4,626 Ft²
Days on Market
264 days
Land Size
0.47 acres
Price per sqft
$860
Property Type
House
Property Taxes
$1,372
HOA Dues
-
Year Built
1961

Listed By

Daniel Treiman
MICHAEL SAUNDERS & COMPANY

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Last updated: 6 months ago (Stellar MLS #A4677041)

Price History

Date / Event Date Event Price
Apr 17, 2026 Relisted $3,980,000
Relisted
Apr 14, 2026 In contract -
In contract
Jan 19, 2026 Price Increased $3,980,000
↑ $2M (136.9%)
Price Increased
Dec 31, 2025 Listed by MICHAEL SAUNDERS & COMPANY $1,680,000
Listed by MICHAEL SAUNDERS & COMPANY
May 6, 2025 Price Decreased $1,690,000
↓ $309K (15.5%)
Price Decreased
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Property Highlights

Garage
Air Conditioning
With View
Parking Details
Has Garage
Attached Garage
Garage Spaces: 2
Interior Details
Half Bathrooms: 2
Full Bathrooms: 6
Interior Features: Open Floorplan
Appliances: Convection Oven, Dishwasher, Microwave, Refrigerator
Flooring Type: Tile
Door Features: Sliding Doors
Laundry Features: Laundry Room
Rooms: 10
Exterior Details
Square Footage: 4626
Square Footage Source: $0
Property Condition: Pre-Construction
Architectural Style: Custom
Year Built: 2027
Waterfront Features: Bay Access, Intracoastal Waterway
Waterbody Name: LITTLE SARASOTA BAY
Builder Name: The Vision Group
Builder Model: Inspiration Series
Building Area Total: 6987
Levels: Two
Building Area Units: Square Feet
Window Features: Storm Window(s)
Construction Materials: Concrete, Stucco
Pool Features: Heated, In Ground
Pool is Private
Lot Features: Oversized Lot, Street Dead-End
Lot Size Area: 20485
Lot Size Units: Square Feet
Lot Size Acres: 0.47
Lot Size Square Feet: 20485
Water Source: Public
Financial Details
Tax Annual Amount: $16,466
Lease Considered: Yes
Utilities Details
Cooling Type: Central Air
Heating Type: Electric, Other
Sewer : Septic Tank

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 5
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 418
  • Parking Space Count: 2
  • Patio Type: 37
  • Porch Type: 102
  • Pool Type: 0
  • Location Influence Type: 69

    Dimensions

  • Lot Size Square Feet: 20,485
  • Total Building Area: 2,748
  • Gross Building Area: 2,748
  • Building Area: 2,330
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,330
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NOT PART OF A SUBDIVISION
  • Land Acres: 0000000470
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: COM SW COR OLD 66 FT R/W STICKNEY POINT RD & OLD 66 FT R/W TAMIAMI TR TH S 51-05 W ALG STICKNEY POINT RD 2409.5 FT TO SW R/W AVE D TH S 60-49 E ALG R/W 412 FT TH S 29-11 W 400 FT FOR POB TH S

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: W190 A055 F052
  • Census Tract: 002011

Zoning

  • Zoning: RSF2

Geography

  • Assessors Map Reference: 29-20
  • Account Number: 0109040021
  • Subdivision Tract Number: S
  • Parcel: 0109-04-0021
  • Meridian: SEC 20 TWN 37S RNG 18E
  • Municipality: SARASOTA COUNTY
  • Latitude: 27.2543
  • Longitude: -82.5278

    Address

  • Full Address: 1621 Memory Ln
  • Address - House Number: 1621
  • Address - Street Name: Memory
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Sarasota
  • Carrier Code: C086
  • 4-Digit Zip Code: 3710
  • Zip Code: 34231

Valuation

    Tax

  • Total Area: 3,107
  • Tax Year: 2023
  • Tax Amount: $490,434
  • Tax Rate Code Area: 9201

    Appraisal Valuation

  • Standard Deviation: 0.1754
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 1,861,645
  • High Value: 2,188,360
  • Low Value: 1,534,930

    Market Valuation

  • Market Total Value: $1,664,300
  • Market Land Value: $1,595,000
  • Market Improvement Value: $69,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $411,398

    Exemptions

  • Widow Exemption: Yes
  • Homeowner Exemption: Yes
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Sarasota


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Frequently Asked Questions

When was property at 1621 Memory Lane built and last sold?
The property at 1621 Memory Lane was built in 1961 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1621 Memory Lane is $4,019,800.
What are some comparable homes to 1621 Memory Lane?
There are currently no comparable homes to 1621 Memory Lane.