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    1695 Settlers Dr Nokomis, FL 34275

    Sponsored
    For Sale
    $1,200,000

    Prime 1.35-acre residential lot near the Gulf.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.35-acre lot, located at 1695 Settlers Drive in Nokomis, Florida (zip code 34275), presents a remarkable multifamily development opportunity. Situated on the west side of Tamiami Trail, conveniently close to I-75 and Highway 681, this property is zoned RMF2 for residential multifamily use. The asking price is $1,200,000. The seller provides a comprehensive package including a survey, topography study, conceptual site plan, and detailed floor plans for both two-unit and four-unit townhomes, as well as a high-density single-family site plan. This prime location offers unparalleled access to the Gulf of Mexico, making it an ideal investment for discerning developers seeking to capitalize on the area's strong demand for residential properties. The property's strategic location and the availability of detailed development plans significantly reduce the time and cost associated with project planning and approvals. This is a truly exceptional opportunity to create a thriving residential community in a highly desirable coastal location.

    Property Features for 1695 Settlers Dr

    General Information

    Property type
    Multifamily properties
    Lot Size
    58,806 SF

    HighLights

    • Prime multifamily investment opportunity near the Gulf of Mexico, with approved residential zoning.
    • High‑traffic location with excellent visibility and accessibility.
    • Strong rental demand in a rapidly growing coastal market.
    • Modern amenities and updated interiors.
    • Significant potential for value appreciation.
    Property Profile Location Intelligence

    Current Use by Public Records

    High-rise multifamily apartments

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Nokomis
    County
    Sarasota
    State
    Florida
    Longitude
    -82.464307804464
    Latitude
    27.147777864582

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    FAQs

    What type of property is this?
    Multifamily property - Prime 1.35-acre residential lot near the Gulf.
    Where is this multifamily property located?
    The property is located at 1695 Settlers Dr Nokomis, FL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Prime multifamily investment opportunity near the Gulf of Mexico, with approved residential zoning.; High-traffic location with excellent visibility and accessibility.; Strong rental demand in a rapidly growing coastal market.
    Request Owner's contact information
    1695 Settlers Dr Nokomis, FL 34275
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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
    1695 Settlers Dr Nokomis, FL 34275
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