2050 10th St Sarasota, FL 34237
Downtown Sarasota NeighborhoodEstimated payment $13,183/month
Highlights
- 0.8 Acre Lot
- Property is near public transit
- No HOA
- Booker High School Rated A-
- Main Floor Primary Bedroom
- Central Heating and Cooling System
About This Home
This centrally located, five-parcel assemblage in Sarasota’s Park East neighborhood offers
a rare redevelopment opportunity in an area experiencing ongoing growth. Totaling
approximately 35,000 square feet (350 road frontage x 100) deep or (0.80 acres), the site currently includes five income-
producing rental units bringing in a total of $8,250 per month. The property is also situated within an Opportunity Zone.
Zoning allows for mixed-use development with ground-floor commercial and multifamily
residential uses as well as hotel developments with ground-floor commercial. The
property supports a base density of 25 units per acre, with the potential to achieve up to
100 units per acre through participation in the City of Sarasota’s Attainable Housing
Density Bonus Program. Building heights of up to four stories are permitted under
current zoning.
The property is strategically located near downtown Sarasota, US-301, Fruitville Road, and
I-75, offering convenient access to local employers, retail corridors, and regional
transportation. Nearby recreational and cultural amenities include Bayfront Park, Payne
Park, Gillespie Park, and the Rosemary District.
Rental income provides holding revenue while entitlements and development planning
are pursued. Seller financing may be available, subject to terms. Buyer is responsible for
verifying all zoning regulations, density bonuses, and development entitlements with the
City of Sarasota.
Listing Agent
PREFERRED SHORE LLC Brokerage Phone: 941-999-1179 License #3422871 Listed on: 06/14/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,777
Year Built
- Built in 1947
Lot Details
- 0.8 Acre Lot
- Lot Dimensions are 350x100
- Additional Parcels
Home Design
- Pillar, Post or Pier Foundation
- Block Foundation
- Frame Construction
- Shingle Roof
- Metal Roof
- Wood Siding
- Vinyl Siding
- Asbestos
Interior Spaces
- 1,027 Sq Ft Home
- Crawl Space
Bedrooms and Bathrooms
- 8 Bedrooms
- Primary Bedroom on Main
- 5 Bathrooms
Utilities
- Central Heating and Cooling System
- Ductless Heating Or Cooling System
- Cooling System Mounted To A Wall/Window
Additional Features
- Outbuilding
- Property is near public transit
Listing and Financial Details
- Assessor Parcel Number 2028040036
Community Details
Overview
- No Home Owners Association
- 5 Buildings
- 5 Units
- Shenandoah Park Community
- Shanandoah Park Subdivision
Building Details
- 6 Separate Electric Meters
- Gross Income $99,000
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 | $170 | $300,200 | $241,300 | $58,900 |
| 2023 | $170 | $67,568 | $0 | $0 |
| 2022 | $144 | $65,600 | $0 | $0 |
| 2021 | $646 | $63,689 | $0 | $0 |
| 2020 | $652 | $62,810 | $0 | $0 |
| 2019 | $640 | $61,398 | $0 | $0 |
| 2018 | $0 | $60,253 | $0 | $0 |
| 2017 | $630 | $59,014 | $0 | $0 |
| 2016 | $659 | $87,700 | $37,500 | $50,200 |
| 2015 | $668 | $77,800 | $37,500 | $40,300 |
| 2014 | $667 | $56,100 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/14/2025 06/14/25 | For Sale | $22,000,000 | -- | $21,422 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $235,000 | None Listed On Document |
Source: Stellar MLS
MLS Number: TB8397140
APN: 2028-04-0031
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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