When was property at 3950 Red Rock Way built and last sold?

The property at 3950 Red Rock Way was built in 1962 and last sold on Jan 1, 1970 for $0.

How much is this home worth?

The estimated value of the home located at 3950 Red Rock Way is $8,079,999.

What are some comparable homes to 3950 Red Rock Way?

There are currently no comparable homes to 3950 Red Rock Way.

South Sarasota

34231

Red Rock Terrace

3950 RED ROCK WAY

$1,600,000

● House - Off Market

3950 RED ROCK WAY

SARASOTA, FL 34231

3 Beds

2 Baths

1,743 Ft²

$9,572

Est. Monthly

1.60%

Cap Rate

About This Property

Nestled on a serene, quiet street on the coveted west shore of Sarasota Bay mainland, this exceptional property offers more than half an acre of prime "old Florida" land, available for the first time since 1962. Located on Red Rock Way, one of the area's most desirable neighborhoods, this secluded lot presents a rare opportunity to build your dream home surrounded by multimillion-dollar estates. The property, which did not flood during the 2023 storms, provides ample space and privacy while being conveniently close to Red Rock Parkb and just minutes to The Field Club, top-rated schools, cultural attractions, and the dining and shopping destinations of Southside Village and Downtown Sarasota. With easy access to Siesta Key's north bridge, you?ll also enjoy quick routes to the world-renowned Siesta Key beaches. Additionally, a portion of the lot extends into the bay, enhancing the natural beauty and value of this one-of-a-kind offering. An updated survey of the property is in progress. Enjoy the luxury of living in a prime location with no HOA fees or deed restrictions.

Unit Size

1,743 Ft²

Days on Market

85 days

Land Size

0.53 acres

Price per sqft

$1,087

Property Type

House

Property Taxes

$267

HOA Dues

Year Built

1962

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (Stellar MLS #A4637967)

Price History

Date / Event	Date	Event
Apr 24, 2025	Sold	Premium
Sold
Apr 13, 2025	In contract	-
In contract
Mar 29, 2025	Price Decreased	$1,895,000 ↓ $305K (13.9%)
Price Decreased
Jan 29, 2025	Listed by MICHAEL SAUNDERS & COMPANY	$2,200,000
Listed by MICHAEL SAUNDERS & COMPANY

Property Highlights

Garage

Air Conditioning

Fireplace

Building Info

Overview

General

Year Built: 1962

Effective Year Built: 2002
Building Count: 1
Total Rooms: 5
Bedroom Count: 3
Bathroom Count: 2
Full Bathrooms: 2
Partial Bathrooms: 2
Building Condition: 0
Building Quality: 9
Construction Type: 17
Building Style: 0
Exterior Walls Type: 18
Interior Walls Type: 6
Roof Shape Type: 8
Roof Cover Type: 5
Floor Count: 100
Living Units: 1
Floor Cover: 9
Basement Type: 0
Basement Area: 0
Garage Type: 1
Garage Square Area: 510
Parking Space Count: 2
Patio Type: 59
Porch Type: 111
Pool Type: 0
Location Influence Type: 69

Dimensions

Lot Size Square Feet: 23,042

Lot Size Depth Feet: 1,510
Lot Size Frontage Feet: 1,050
Total Building Area: 2,253
Gross Building Area: 2,580
Building Area: 1,743
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 1
Heating: 3
Heated Square Feet: 1,743
Heating Fuel Type: 0

Utilities

Sewer System: 1

Water Service: 2

Building

Building Type: 0

Property Class: R
Subdivision: RED ROCK TERRACE
Land Acres: 0000000529
Standard Land Use Code: 1001
County Land Use Code: 0100
State Land Use Code: 001
Legal Description 1: THAT PART OF N 240 FT OF LOT 2 OF PETER HANSEN EST DESC AS COM AT PT OF INTRS OF S LINE OF ABOVE DESC PARCEL WITH W LINE OF RED ROCK LN TH W 211.16 FT TH N 22.5 FT TH W 177.36 FT M/L TO BAY FOR POB TH

Neighborhood

School District Name: Sarasota County School District

School Tax School District: W190 A055 F052
Census Tract: 001801

Zoning

Zoning: RSF1

Geography

Assessors Map Reference: 29-6

Account Number: 0076030002
Subdivision Tract Number: 1654
Parcel: 0076-03-0002
Lot: 2
Meridian: SEC 06 TWN 37S RNG 18E
Municipality: SARASOTA COUNTY
Latitude: 27.2972
Longitude: -82.5392

Address

Full Address: 3950 Red Rock Way

Address - House Number: 3950
Address - Street Name: Red Rock
Address - Suffix Type: Way
State: FL
City Name: Sarasota
Carrier Code: C088
4-Digit Zip Code: 3545
Zip Code: 34231

Valuation

Tax

Total Area: 2,791

Tax Year: 2023
Tax Amount: $306,209
Tax Rate Code Area: 9201

Appraisal Valuation

Standard Deviation: 0.1754

Valuation Date: Jan 10, 2024
Confidence Score: 77
Final Value: 2,305,735
High Value: 2,710,387
Low Value: 1,901,083

Market Valuation

Market Total Value: $2,086,100

Market Land Value: $1,743,700
Market Improvement Value: $342,400

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $249,254

Exemptions

Homeowner Exemption: Yes

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Red Rock Terrace

Stats & Trends

Median Asking:

Sale Price/ft²

Above Asking

0.00%

Average Days on Market

Average Home Size

0 ft²

Average Home Age

2026 years

Currently For Sale

0 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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$8,000 /mo

3 Beds
2 Baths
1,557 ft²

2232 Pine Terrace, FL, 34231 Listing by Andy Moore

Unit for rent at 5159 Oakmont Place, SARASOTA, FL, 34242

$10,000 /mo

3 Beds
2 Baths
1,953 ft²

5159 Oakmont Place, SARASOTA, FL, 34242 Listing by Scott Nold

Unit for rent at 4822 Ocean Boulevard, FL, 34242

$9,000 /mo

2 Beds
2 Baths
1,435 ft²

4822 Ocean Boulevard #2F, FL, 34242 Listing by Jane Hunter

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Dana Cook Westmark
MICHAEL SAUNDERS & COMPANY
Last Updated: 2 years ago
Data Source: Stellar MLS, MLS# A4637967

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

3950 RED ROCK WAY

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Zoning

Geography

Valuation

Comparables

About Red Rock Terrace

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions