1721 8th St Sarasota, FL 34236
Downtown Sarasota NeighborhoodEstimated payment $7,740/month
Highlights
- 0.44 Acre Lot
- No HOA
- Dog Park
- Booker High School Rated A-
- Tennis Courts
- 2-minute walk to Gillespie Park
About This Lot
Rare Investment Opportunity in Downtown Sarasota’s Redevelopment Wave! Four contiguous lots across two parcels totaling approximately 0.44 acres (1721 & 1743 8th Street) — right in the heart of one of downtown Sarasota’s most exciting transformation zones. This restored vintage home sits in a rapidly evolving neighborhood becoming one of the city’s most desirable addresses. Just steps from the beloved 10-acre Gillespie Park, featuring grand oaks, tennis and basketball courts, a scenic pond, dog park, fitness trail, and walking paths. Enjoy walking distance to Main Street, with its premier shops, galleries, and restaurants, and only 0.7 miles to Sarasota’s waterfront and The Bay, the city’s new 53-acre signature park. This property lies within an Opportunity Zone with no HOA and no deed restrictions, offering exceptional flexibility for investors and developers. Close to the downtown business district and minutes from the Westcoast Black Theatre Troupe, you’re surrounded by Sarasota’s vibrant cultural and commercial scene. Prime Development Potential:
Build 4–6 residential units in this rapidly appreciating neighborhood where new projects are transforming the landscape. Perfect for townhomes, multi-family residences, or custom urban homes. The location offers everything today’s buyers want—walkability, green space, and access to downtown and the bayfront. Investment Strategies:
Buy and hold: Rent the charming existing 2-bed, 2-bath home for steady income while land values continue to rise in this high-demand area.
Develop now: Join the wave of new construction reshaping the district and capitalize on downtown’s growth.
Value-add opportunity: Position yourself in the path of progress where new developments are achieving premium returns. Residents enjoy unparalleled walkability to downtown Sarasota’s dining, arts, and entertainment, including the Van Wezel Performing Arts Hall, Sarasota Orchestra, Marie Selby Botanical Gardens, and the Bayfront Marina. This is more than a property—it’s a rare opportunity to be part of downtown Sarasota’s most dynamic transformation. Don’t miss this exceptional find in the heart of the city’s redevelopment boom!
Listing Agent
FINE PROPERTIES Brokerage Phone: 941-782-0000 License #3080998 Listed on: 05/15/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $4,332
Lot Details
- 0.44 Acre Lot
- Lot Dimensions are 92x100
- 2 Lots in the community
- Additional Parcels
- Property is zoned DTN
Utilities
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 6 / C
- Assessor Parcel Number 2026020107
Community Details
Overview
- No Home Owners Association
- Gillespie Park Sub Community
- Schindler Sub Subdivision
Recreation
- Tennis Courts
- Racquetball
- Community Playground
- Dog Park
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,842 | $253,153 | -- | -- |
| 2023 | $3,842 | $298,900 | $292,000 | $6,900 |
| 2022 | $3,502 | $267,100 | $259,100 | $8,000 |
| 2021 | $3,082 | $203,900 | $197,400 | $6,500 |
| 2020 | $3,059 | $210,800 | $204,200 | $6,600 |
| 2019 | $2,665 | $175,400 | $169,000 | $6,400 |
| 2018 | $2,560 | $177,300 | $171,200 | $6,100 |
| 2017 | $2,241 | $129,906 | $0 | $0 |
| 2016 | $2,085 | $132,900 | $125,900 | $7,000 |
| 2015 | $1,901 | $115,400 | $109,500 | $5,900 |
| 2014 | $1,688 | $93,610 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/28/2025 10/28/25 | Price Changed | $1,400,000 | -12.5% | -- |
| 05/15/2025 05/15/25 | For Sale | $1,600,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $425,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $340,000 | Fannie Mae Freddie Mac |
Source: Stellar MLS
MLS Number: A4652154
APN: 2026-02-0107
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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