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1575 & 1583 BLVD OF THE ARTS

Lots/Land For Sale
$1,500,000

BTC: 18.04185711

ETH: 566.03773585

8 days
0 room(s)

Overview

An unparalleled opportunity in Sarasota’s desirable Rosemary District! Discover 0.30 acres of prime, DTE-zoned real estate in the heart of Sarasota, a rare and remarkable offering poised at the corner of Boulevard of the Arts and Orange Avenue. With two contiguous parcels, this corner property sits at the epicenter of one of Sarasota’s dynamic and culturally rich neighborhoods, the sought-after Rosemary District. Whether you envision a vibrant mixed-use development or a legacy investment, this location offers immediate value and long-term potential. This rendering illustrates a proposed development featuring two retail spaces at the main level of approx. 900sf each and 23 residential units above. The listing agent also has access to Transferable Development Rights (TDRs), providing the potential to increase the building height from five to seven stories. The additional development potential could accommodate a rooftop pool with elevated views, along with a dedicated amenity level designed to enhance the overall resident experience. Only moments from Sarasota’s most iconic destinations, Lido Beach, Siesta Key, Longboat Key and Anna Maria Island, along with the elegant shopping and dining of St. Armands Circle. Go outside and immerse yourself in a lifestyle defined by convenience and culture. Within this corridor, you will encounter charming galleries, theaters, a vast array of restaurants, the iconic John Ringling Bridge and the excitement of the Sarasota Farmers Market. Culture thrives here, from the Asolo Repertory Theatre to the Van Wezel Performing Arts Hall and the John and Mable Ringling Museum of Art. The soon-to-be-completed 50-acre Bay Sarasota Park will only amplify the lifestyle appeal of this one-of-a-kind property. Downtown Sarasota’s vibrant energy, art scene and culinary experiences are at your doorstep. This is more than a development site, it’s a rare chance to be part of the fabric of Sarasota’s future in one of the city’s vibrant and rapidly evolving neighborhoods. Look no further; the opportunity is now. *Accuracy of all information deemed reliable but not guaranteed and should be independently verified.

Location

Details

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

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,247,500
$492K – $2.0M
Confidence Low
List vs. estimate
$252K above estimate
List $1,500,000 · +20.2%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
6 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$8,386
2025
View
City
All facts and features
  • Lot

    • Lot: 0.15 Acres

    Other Property Information

    • Parcel Number: 2026060062

    • Zoning: DTE

  • Type and style

    • Property Type: Land

  • Utility

    • BB/HS Internet Available

    • Cable Available

    • Electrical Nearby

    • Electricity Available

    • Public

    • Sewer Available

    • Sewer Nearby

    • Street Lights

    • Water Available

    • Water Nearby

  • Other financial information

    • Annual tax amount: $8,386

  • Source details

    • MLS ID: A4706707

    Other facts

    • Lot Features: Buildable / Central Business District / Cleared / Corner Lot / City Lot / Irregular Lot / Level / Near Public Transit / Oversized Lot / Urban

    • Water Source: Public

    • Lot Size Dimensions: 64 x 100 x 50 x 134.7

    • Subdivision Name: HALLS SUB JAMES S

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: PREMIER SOTHEBY'S INTERNATIONAL REALTY