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Alex Vashkevych

alex.vashkevych@engelvoelkers.com +1(347) 925-1005

$ 1,480,000

Est. payment -/mo

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Active

1621 MEMORY LN Sarasota, FL 34231

0.47 Acres Lot

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Residential

Listing Status Active

Purchase Type For Sale

Subdivision Not Part Of A Subdivision

MLS Listing ID A4677058

HOA Y/N No

Annual Tax Amount $16,465

Lot Size 0.470 Acres

Acres 0.47

Property Sub-Type Residential

Source Stellar MLS

Property Description

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

State FL

County Sarasota

Community Not Part Of A Subdivision

Area 34231 - Sarasota/Gulf Gate Branch

Zoning RSF2

Exterior

Utilities Available Cable Available, Electricity Available

Waterfront Description Bay/Harbor,Intracoastal Waterway

View Y/N Yes

Water Access Yes

Water Access Desc Bay/Harbor,Gulf/Ocean,Intracoastal Waterway

Building

Lot Description Oversized Lot, Street Dead-End

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Schools

Elementary Schools Gulf Gate Elementary

Middle Schools Brookside Middle

High Schools Riverview High

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Daniel Treiman MICHAEL SAUNDERS & COMPANY

NEARBY SCHOOLS & PROPERTIES

Alex Vashkevych

Advisor | License ID: SL3466022

+1(347) 925-1005

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