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    4223 S Shade Ave Sarasota, FL 34234

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    For Sale
    $5,500,000

    4.13-acre residential land with permits for 9 single-family residences.

    Property size:
    100,000,000 SF
    Lot size:
    4.13 Acres

    Property Features for 4223 S Shade Ave

    General Information

    Size
    100,000,000 SF
    Lot size
    4.13 Acres

    Source: Harry Robbins Assoc Inc Agent Kevin L Robbins

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Land Development Opportunity

    This 4.13-acre parcel, totaling 180,054 square feet across two parcels, presents a single-family development opportunity. Zoned Residential Single Family, the property is permitted for a 9-lot subdivision, with permits already secured. Alternatively, the site can be divided into 4 estate-sized lots of approximately 1 acre each. The property features over 450 feet of frontage on Phillippi Creek and is located directly on S Shade Avenue, backing up to the creek. The location offers proximity to US-41, downtown Sarasota, Siesta Key, and Siesta (Southgate) Mall, as well as other Bay Front communities. The surrounding area is experiencing significant new development, including the upcoming construction of approximately 270 residential units, 13 tennis courts, and commercial/retail space at the former bath and racquet club. The ongoing development of both single-family and multi-family homes in the vicinity is expected to increase the property's value.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.5217143
    Latitude
    27.2921046

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    FAQs

    What type of property is this?
    Land - 4.13-acre residential land with permits for 9 single-family residences.
    Where is this land located?
    The property is located at 4223 S Shade Ave Sarasota, FL.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: - Development opportunity with permits in hand for a 9-lot single-family subdivision.; - Large 4.13-acre parcel with 450+ feet of frontage on Phillippi Creek.; - Zoned Residential Single Family, also allowing for division into 4 estate-sized lots.
    (941) 724-2321
    Request Owner's contact information
    4223 S Shade Ave Sarasota, FL 34234
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    Sarasota, FL 34234
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4223 S Shade Ave Sarasota, FL 34234
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