by Global Lifestyle Properties

Check Availability
$3,695,500
↓ $55K (1.5%)
● Land - For Sale

894 FREELING DRIVE

SARASOTA, FL 34242
bedrooms
Studio
bathrooms
0 Bath
$21,289
Est. Monthly

About This Property

Zoning confirmation letter in from City of Sarasota. Ready for permitting and your custom dream home. This waterfront gem fronts Roberts Bay, facing Edwards Island, and offers unobstructed 180-degree views of dolphins, various bird species, and manatees. It's a perfect canvas for creating your customized residence. Located on the prized northern tip of Siesta Key, nestled on the Freeling Drive peninsula, this exquisite parcel blends sophistication with coastal living. Bay Island is renowned for its admired homes and architectural beauty, redefining island luxury along one of the area's most pristine waterways. The oversized homesite is just under 15,000 square feet and features an impressive 155 feet of brand-new two-foot-elevated seawall, offering stunning panoramas. This location is ideal for boating and fishing enthusiasts, or for simply enjoying breathtaking sunrises and sunsets in unmatched natural beauty. Access on and off the island is easy, with Siesta Key Village's vibrant shops and restaurants, as well as the world-renowned Siesta Key Beach, just minutes away. Downtown Sarasota, with its galleries, theater, and fine dining, is also a short drive. Opportunities like this are rare, making this property a true gem for anyone seeking the ultimate waterfront address where privilege and prestige are embedded in an affluent lifestyle. I highly recommend experiencing the magic of this property for yourself. Choose any architect or builder to make your dreams come true. Owner will consider financing.
Unit Size
-
Days on Market
328 days
Land Size
0.26 acres
Price per sqft
-
Property Type
Land
Property Taxes
$3,143
HOA Dues
-
Year Built
1959

Listed By

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Last updated: 4 months ago (Stellar MLS #A4668843)

Price History

Date / Event Date Event Price
Jun 9, 2026 Price Decreased $3,695,500
↓ $55K (1.5%)
Price Decreased
Apr 4, 2026 Price Decreased $3,750,000
↓ $100K (2.6%)
Price Decreased
Mar 6, 2026 Price Decreased $3,850,000
↓ $100K (2.5%)
Price Decreased
Feb 12, 2026 Price Decreased $3,950,000
↓ $725K (15.5%)
Price Decreased
Nov 5, 2025 Listed by GRECO REAL ESTATE $4,675,000
Listed by GRECO REAL ESTATE
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Property Highlights

Garage
With View
Exterior Details
Waterfront Features: Bay Access, Intracoastal Waterway
Waterbody Name: ROBERTS BAY
Building Area Units: Square Feet
Lot Features: Cleared, Cul-De-Sac, City Lot, Level, Buildable, Compact Soil, Flood Plain, Key Lot
Lot Size Area: 14721
Lot Size Units: Square Feet
Lot Size Acres: 0.26
Lot Size Square Feet: 14721
Lot Size Dimensions: 155
Tax Lot: 51
Water Source: Public
Financial Details
Tax Annual Amount: $37,721
Utilities Details
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 2004
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 6
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 6
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 11
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 449
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 69

    Dimensions

  • Lot Size Square Feet: 11,183
  • Total Building Area: 4,070
  • Gross Building Area: 4,070
  • Building Area: 3,621
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,621
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BAY ISLAND SHORES UNIT 2
  • Land Acres: 0000000257
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: LOT 51, BAY ISLAND SHORES UNIT 2

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: T02 T02D A055
  • Census Tract: 001903

Zoning

  • Zoning: RSF1

Geography

  • Assessors Map Reference: 21
  • Account Number: 2019160014
  • Subdivision Tract Number: 1030
  • Parcel: 2019-16-0014
  • Lot: 51
  • Meridian: SEC 36 TWN 36S RNG 17E
  • Municipality: CITY OF SARASOTA
  • Latitude: 27.3001
  • Longitude: -82.5483

    Address

  • Full Address: 894 Freeling Dr
  • Legal Unit: 2
  • Address - House Number: 894
  • Address - Street Name: Freeling
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Sarasota
  • Carrier Code: C028
  • 4-Digit Zip Code: 1025
  • Zip Code: 34242

Valuation

    Tax

  • Total Area: 4,885
  • Tax Year: 2023
  • Tax Amount: $4,111,320
  • Tax Rate Code Area: 0200

    Appraisal Valuation

  • Standard Deviation: 0.1931
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 74
  • Final Value: 3,564,971
  • High Value: 4,253,382
  • Low Value: 2,876,560

    Market Valuation

  • Market Total Value: $3,241,700
  • Market Land Value: $2,530,000
  • Market Improvement Value: $711,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,241,700
  • Assessed Land Value: $2,530,000
  • Assessed Improvements Value: $711,700

    Sales

  • Current Sale Contract Date: Sep 30, 2020
  • Current Sale Recording Date: Oct 09, 2020
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020140113
  • Previous Sale Recording Date: Aug 03, 2007
  • Previous Sale Contract Date: Jul 30, 2007
  • Previous Sale Amount: $1,950,000
  • Previous Sale Document Type: 71
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 Bay Island Shores


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Frequently Asked Questions

When was property at 894 Freeling Drive built and last sold?
The property at 894 Freeling Drive was built in 1959 and last sold on Sep 30, 2020 for $2,226,000.
How much is this home worth?
The estimated value of the home located at 894 Freeling Drive is $3,732,455.
What are some comparable homes to 894 Freeling Drive?
There are currently no comparable homes to 894 Freeling Drive.