Sell Your Home
Get a free home valuation
Contact
Tell us about your needs

1621 MEMORY LANE

House For Sale
$3,980,000

BTC: 62.18750000

ETH: 2,279.49599084

148 days
Waterfront
5 bds
6 ba
4,626 sqft

Overview

Pre-Construction. To be built. 1621 Memory Lane presents a rare opportunity to build a custom bayfront estate on Little Sarasota Bay in the Bayview Acres neighborhood, one of Sarasota’s most strategically positioned mainland waterfront communities. Situated on a quiet no-through street south of Stickney Point Road and west of Tamiami Trail, this expansive .47-acre parcel offers approximately 100 feet of direct frontage on the bay and the scale to design a significant coastal residence with generous outdoor living areas, pool, and the ability to construct a private pier, subject to permitting. The property is offered as a vacant lot for $1,480,000 or as a to-be-built custom residence by The Vision Group priced at $3,980,000, providing flexibility for buyers to bring their own builder or move forward with a fully designed plan. The setting delivers privacy and calm while remaining just minutes from the south bridge to Siesta Key and equally convenient to downtown Sarasota’s dining, arts, and cultural amenities. Continued investment along the U.S. 41 and Siesta Drive corridor, including Benderson’s planned retail and mixed-use development, further strengthens the long-term appeal of this location. The property is especially well suited for buyers transitioning off the barrier islands who want mainland accessibility without sacrificing water views, as well as inland residents ready to elevate to a true bayfront setting without HOA constraints. With limited remaining buildable bayfront parcels of this size and frontage—and new construction next door on a comparable lot estimated at $6 million in value—the economics present a compelling opportunity to build at a meaningful discount to neighboring new construction.

Location

Details

Type:
Residential
Parking:
No Data
Year Built:
2027
Lot:
0.47 Acres
Heating:
Electric / Other
Price/sqft:
$860
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$4,450,000
$3.6M – $5.6M
Confidence Low
List vs. estimate
$470K below estimate
List $3,980,000 · -10.6%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$860
+163.3% vs. city median $326
Based on
5 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$16,465
2025
Pool
Heated
View
Water
Waterfront
Bay/Harbor, Intracoastal Waterway
Garage
2 car garage
All facts and features
  • Flooring

    • Tile

    Heating

    • Electric

    • Other

    Cooling

    • Central Air

    Appliances

    • Convection Oven

    • Dishwasher

    • Microwave

    • Refrigerator

    Other interior features

    • Open Floorplan

    Bedrooms and bathrooms

    • Bedrooms: 5

    • Bathrooms: 2

    • Full bathrooms: 6

  • Property

    • Levels: Two

    • Pool Private: Yes

    • Exterior Features: Sliding Doors

    Lot

    • Lot: 0.47 Acres

    Other Property Information

    • Parcel Number: 0109040021

    • Zoning: RSF2

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Cable Available

    • Electricity Available

    Green energy

    • Thermostat

    • Windows

  • Other financial information

    • Annual tax amount: $16,466

  • Source details

    • MLS ID: A4677041

    Other facts

    • Construction Materials: Concrete / Stucco

    • Foundation Details: Slab

    • Laundry Features: Laundry Room

    • Lot Features: Oversized Lot / Street Dead-End

    • Pool Features: Heated / In Ground

    • Window Features: Storm Window(s)

    • Direction Faces: East

    • Architectural Style: Custom

    • Waterfront: Yes

    • Water Body Name: LITTLE SARASOTA BAY

    • Garage Spaces: 2

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 4626

    • Water Source: Public

    • Subdivision Name: NOT PART OF A SUBDIVISION

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

More like this

For Sale
$3,795,000
House
4 bds · 3 ba · 4,161 sqft
SIESTA ISLES UNIT 5, SARASOTA
813 IDLEWILD WAY
New
For Sale
$2,795,000
Lots/Land
1.13 acres
SANDERLING CLUB / SIESTA PROPERTIES INC, SARASOTA
7825 SANDERLING ROAD
For Sale
$4,950,000
Lots/Land
0.53 acres
POINT OF ROCKS TERRACE ADD, SARASOTA
1122 CRESCENT STREET
For Sale
$4,795,000
House
4 bds · 3 ba · 3,935 sqft
HARMONY SUB, SARASOTA
4857 PRIMROSE PATH
For Sale
$4,975,000
House
5 bds · 5 ba · 4,282 sqft
PINE SHORES ESTATE 7TH SEC, SARASOTA
6438 HOLLYWOOD BOULEVARD
For Sale
$4,550,000
House
4 bds · 5 ba · 4,683 sqft
OYSTER BAY LANDINGS, SARASOTA
1451 REBECCA LANE
For Sale
$2,800,000
House
4 bds · 4 ba · 2,970 sqft
CORONAS PARK, SARASOTA
6907 BOCHI CIRCLE
-$410K
For Sale
$3,290,000
House
5 bds · 3 ba · 3,446 sqft
SIESTAS BAYSIDE, SARASOTA
765 SIESTA KEY CIRCLE

Market around this address

Live counts in the same area.
View all

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: MICHAEL SAUNDERS & COMPANY