1950 Adams Ln Sarasota, FL 34236
Downtown Sarasota NeighborhoodEstimated payment $5,857/month
Highlights
- Wood Flooring
- Great Room
- Garden
- Southside Elementary School Rated A
- No HOA
- 2-minute walk to Payne Park
About This Home
Prime investment and redevelopment opportunity in Sarasota’s sought-after Towles Court Arts District! This mixed-use property offers approx. 750 sq. ft. of commercial/gallery or studio space plus 363 sq. ft. of residential use, making it ideal for live/work tenants, creative professionals, or small businesses. Historic details and metal roof—blend with flexible layouts to attract both renters and end users. With zero side setbacks and DTE (Downtown Edge) zoning, the property offers significant redevelopment upside. Surrounded by other commercial and residential parcels, 1950 Adams Lane also presents excellent assemblage potential for investors or developers looking to create a larger mixed-use or residential project. Located just steps from downtown Sarasota’s restaurants, shops, galleries, and cultural amenities, this property combines immediate income potential with long-term growth. A rare chance to secure a prime footprint in one of Sarasota’s most dynamic districts!
Listing Agent
SVN COMMERCIAL ADVISORY GROUP Brokerage Phone: 941-387-1200 License #3039111 Listed on: 09/11/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,726
Year Built
- Built in 1925
Lot Details
- 5,000 Sq Ft Lot
- North Facing Home
- Irrigation Equipment
- Garden
- Property is zoned DTE
Home Design
- Frame Construction
- Metal Roof
Interior Spaces
- 1,112 Sq Ft Home
- Wood Burning Fireplace
- Great Room
- Wood Flooring
- Crawl Space
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Outdoor Features
- Exterior Lighting
Utilities
- Central Heating and Cooling System
- Cable TV Available
Community Details
- No Home Owners Association
- Towles Sub Community
- Towles Subdivision
Listing and Financial Details
- Visit Down Payment Resource Website
- Legal Lot and Block 13 / B
- Assessor Parcel Number 2027080073
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 |
|---|---|---|---|---|
| 2025 | $7,726 | $468,219 | -- | -- |
| 2024 | $6,898 | $425,654 | -- | -- |
| 2023 | $6,898 | $549,200 | $417,800 | $131,400 |
| 2022 | $7,430 | $648,500 | $529,300 | $119,200 |
| 2021 | $5,249 | $319,800 | $240,400 | $79,400 |
| 2020 | $5,195 | $313,200 | $233,200 | $80,000 |
| 2019 | $4,679 | $276,800 | $198,200 | $78,600 |
| 2018 | $4,635 | $275,900 | $198,200 | $77,700 |
| 2017 | $4,379 | $246,598 | $0 | $0 |
| 2016 | $4,172 | $262,200 | $189,900 | $72,300 |
| 2015 | $3,632 | $203,800 | $138,300 | $65,500 |
| 2014 | $3,514 | $195,300 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/11/2025 09/11/25 | For Sale | $995,000 | -- | $895 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $225,600 | First American Title Ins Co | |
| Trustee Deed | $2,001 | None Available | |
| Warranty Deed | $465,000 | Riddelltitle & Escrow Llc | |
| Warranty Deed | $600,000 | None Available | |
| Warranty Deed | $550,000 | -- | |
| Warranty Deed | $89,000 | -- | |
| Warranty Deed | $89,500 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $30,000 | Commercial | |
| Previous Owner | $390,000 | Commercial |
Source: Stellar MLS
MLS Number: A4664827
APN: 2027-08-0073
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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