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00 DR MARTIN LUTHER KING JR WAY

Lots/Land Recently Sold
$75,000

BTC: 0.92086684

ETH: 30.83881579

Sold on: 2025-01-15
2 days
0 room(s)

Overview

Oversized .22 acre Multi-Family lot in the heart of Sarasota. Only 1 mile from the Beach! And 1.5 miles from shops, restaurants, entertainment, and more. Zoning allows for any size multi-family development (limited only by lot size and County approvals). The lot is level and mostly clear, with only a few trees along the West property line. Access is from 25th St, but property also has frontage on Martin Luther King Jr Way which provides great visibility for future residents as well as convenient foot access for current residents. Similar nearby lots are already developed for multi-family residential use and a large mixed-use development project is planned about 1 mile away.

Location

Details

Type:
Land
Parking:
No Data
Year Built:
No Data
Lot:
0.22 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$382,000
$100K – $925K
Confidence Low
List vs. estimate
$302K below estimate
List $79,900 · -79.1%
Our model says this listing is priced below recent comparable activity. Expect competition.
Based on
14 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$416
2024
All facts and features
  • Lot

    • Lot: 0.22 Acres

    Other Property Information

    • Parcel Number: 2024020103

    • Zoning: CBN

  • Type and style

    • Property Type: Land

  • Utility

    • Electricity Available

    • Sewer Available

    • Street Lights

    • Water Available

  • Other financial information

    • Annual tax amount: $416

  • Source details

    • MLS ID: A4633731

    Other facts

    • Lot Features: Buildable / Level / Oversized Lot / Sidewalk

    • Direction Faces: South

    • Water Source: Public

    • Lot Size Dimensions: 64' x 152'

    • Subdivision Name: FIRST ADDITION TO NEWTOWN

Private inquiry
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: INTEGRA REALTY GROUP INC