by RH Advisors

See Home Value
$1,050,000
Land - Off Market

5167 Desoto ROAD

SARASOTA, FL 34235
bedrooms
Studio
bathrooms
0 Bath
$6,088
Estimated Monthly
1.08%
Cap Rate

About This Property

Incredible development opportunity, rarely available land with UTC at your fingertips.  2.23 acres recently rezoned to RSF-4 allowing up to 11 units to be built on site.  This property could potentially be rezoned to RMF-2 which would allow for up to 20 multi family units, or up to 40, 1/2 ADU's.? (Units less than 750 sq.? ft.)  Walk to all UTC has to offer.  1.5 Miles to I-75.  Please see concept pictures and non-binding site approval plan in photos and video.  Additional documents available.
Unit Size
-
Days on Market
614 days
Land Size
2.23 acres
Price per sqft
-
Property Type
Land
Property Taxes
$196
HOA Dues
-
Year Built
-
Last updated: 26 days ago (Stellar MLS #A4546885)

Price History

Date / Event Date Event Price
May 14, 2024 Sold $1,050,000
Sold
Apr 17, 2024 In contract -
In contract
Jan 19, 2024 Relisted $1,200,000
Relisted
Jan 17, 2024 Price Decreased $1,200,000
↓ $199K (14.2%)
Price Decreased
Jan 17, 2024 In contract -
In contract
Show More

Property Highlights

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Average
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 97,350
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Vacant
  • Subdivision: SARASOTA GARDENS SUB PART OF SEC 2-36-18
  • Land Acres: 2.235
  • Standard Land Use Code: Residential-vacant land
  • Legal Description 1: S 1/2 OF LOT 14 SARASOTA GARDENS

Ownership

  • Current Owner : 5167 DESOTO RD LAND TRUST
  • Previous Owner : KIMQUY T KIEU FAMILY TRUST
  • Owner Before Previous Owner: FAQQOUSEH RASHID A
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: A055 W056 W057
  • Census Tract: 001203

Zoning

  • Zoning: RSF4

Geography

  • Assessors Map Reference: 25A
  • Account Number: 0016160002
  • Subdivision Tract Number: 571
  • Parcel: 0016-16-0002
  • Lot: 14
  • Meridian: SEC 02 TWN 36S RNG 18E
  • Municipality: SARASOTA COUNTY
  • Latitude: 27.3817
  • Longitude: -82.4665

    Address

  • Full Address: 5167 Desoto Rd
  • Address - House Number: 5167
  • Address - Street Name: Desoto
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Sarasota
  • Zip Code: 34235

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,221
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 0100

    Market Valuation

  • Market Total Value: $622,000
  • Market Land Value: $614,600
  • Market Improvement Value: $7,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $622,000
  • Assessed Land Value: $614,600
  • Assessed Improvements Value: $7,400

    Sales

  • Current Sale Contract Date: Aug 15, 2022
  • Current Sale Recording Date: Aug 19, 2022
  • Current Sale Transaction ID: 11894838340
  • Current Sale Price: $875,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 137370
  • Previous Sale Recording Date: Apr 11, 2018
  • Previous Sale Contract Date: Apr 09, 2018
  • Previous Sale Amount: $185,000
  • Previous Sale Document Type: Warranty Deed



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
4 Baths
3,259 ft²
$384/ft²
$1,250,000 Nov 14, 2023
$1,250,000 Dec 15, 2023
$937/mo
House
4 Beds
4 Baths
4,200 ft²
$321/ft²
$1,350,000 Aug 31, 2022
$1,350,000 Sep 14, 2022
$1,640/mo
House
3 Beds
3 Baths
2,837 ft²
$432/ft²
$1,225,000 Feb 5, 2024
-
$1,794/mo
House
3 Beds
3 Baths
3,323 ft²
$391/ft²
$1,299,000 Mar 5, 2024
-
$1,488/mo
House
5 Beds
4 Baths
2,972 ft²
$336/ft²
$999,000 Mar 12, 2024
-
$445/mo

About Sarasota Gardens


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Frequently Asked Questions

When was property at 5167 Desoto Road built and last sold?
The property at 5167 Desoto Road was built in and last sold on Aug 15, 2022 for $875,000.
How much is this home worth?
The estimated value of the home located at 5167 Desoto Road is $1,212,000.
What are some comparable homes to 5167 Desoto Road?
Homes that are comparable to 5167 Desoto Road include a house property at 7009 Stanhope Place, 4800 Shipley Avenue, 4810 Windsor Park.

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