17 Saragossa Ln North Port, FL 34287
This exceptional 0.79-acre waterfront property in North Port, Florida, presents a unique investment opportunity for builders and developers. Located on Saragossa Lane in Sarasota County (APN 0770160015), this fee-simple land boasts RMF4 zoning, permitting the construction of multifamily dwellings such as duplexes or single-family homes. The property offers canal and lake access with stunning water and lake views, facing south. Detailed lot dimensions are 300.83x182.89x166.84x109.77. Its prime location is within walking distance of Warm Mineral Springs, adding significant appeal. The property's current use is residential. A financial analysis for building luxury duplexes and a list of RMF4 entitlements are available upon request. The possibility of connecting to public water exists, enhancing the development potential. Cash purchase only. Directions are available from both Port Charlotte and Venice. This is a truly rare opportunity to own a piece of income-producing paradise in a highly desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.