PENDING
$70K PRICE DROP
5106 S Lockwood Ridge Rd Sarasota, FL 34231
Ridge Wood Heights NeighborhoodEstimated payment $1,462/month
Total Views
2,486
2
Beds
1
Bath
520
Sq Ft
$481
Price per Sq Ft
Highlights
- No HOA
- <<tubWithShowerToken>>
- Outdoor Storage
- Riverview High School Rated A
- Living Room
- 5-minute walk to Red Bug Slough
About This Home
Situated in the heart of Sarasota, this exceptional 12,177 square foot corner lot presents a rare and highly valuable opportunity for investors, developers, and builders. The potential to develop brand-new homes in one of Sarasota’s most desirable and fast-growing areas makes this a prime investment with significant upside.
While the existing 520-square-foot structure currently occupies the property, the true value lies in the land and its future development potential. The expansive size and strategic location provide flexibility in design and layout, creating the perfect foundation for high-quality new builds that will appeal to today’s buyers seeking modern homes in a well-connected neighborhood. In addition to building a brand-new single-family home, the buyer can also create an accessory dwelling unit (ADU) of up to 750 square feet—offering even more potential for income or multigenerational living.
Located directly across from Red Bug Slough Preserve, the property offers both creative exposure and a unique blend of urban convenience and natural beauty. Future homeowners will enjoy immediate access to walking trails, dog paths, a tranquil lake, fishing piers, and picnic pavilions.
The surrounding area is rich with amenities, including parks, schools, shopping centers, and dining options, while world-famous Siesta Key Beach is just a 10-minute drive away.
As Sarasota continues to grow in popularity for its lifestyle, culture, and coastal charm, demand for well-located residential properties remains strong. This property represents a rare chance to build and capitalize on that demand. Whether you're a seasoned investor or a developer seeking your next project, this is a can’t-miss opportunity to create something exceptional in one of Florida’s most vibrant markets.
Listing Agent
KELLER WILLIAMS ON THE WATER S Brokerage Phone: 941-803-7522 License #3360491 Listed on: 05/01/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $926
Year Built
- Built in 1956
Lot Details
- 0.28 Acre Lot
- East Facing Home
- 2 Lots in the community
- Additional Parcels
- Property is zoned RSF3
Home Design
- Slab Foundation
- Shingle Roof
- Metal Siding
Interior Spaces
- 520 Sq Ft Home
- Ceiling Fan
- Living Room
- Laminate Flooring
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
- Makeup or Vanity Space
- Single Vanity
- <<tubWithShowerToken>>
Schools
- Wilkinson Elementary School
- Brookside Middle School
- Riverview High School
Additional Features
- Outdoor Storage
- Cooling System Mounted To A Wall/Window
Community Details
- No Home Owners Association
- Allstates Park Community
- All States Park Subdivision
Listing and Financial Details
- Visit Down Payment Resource Website
- Legal Lot and Block 23 / C
- Assessor Parcel Number 0087110001
Map
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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 | $924 | $61,091 | -- | -- |
| 2023 | $924 | $59,312 | $0 | $0 |
| 2022 | $882 | $57,584 | $0 | $0 |
| 2021 | $914 | $55,907 | $0 | $0 |
| 2020 | $900 | $55,135 | $0 | $0 |
| 2019 | $857 | $53,895 | $0 | $0 |
| 2018 | $658 | $52,890 | $0 | $0 |
| 2017 | $636 | $51,802 | $0 | $0 |
| 2016 | $639 | $65,100 | $38,500 | $26,600 |
| 2015 | $652 | $55,600 | $33,900 | $21,700 |
| 2014 | $650 | $49,245 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/02/2025 07/02/25 | Pending | -- | -- | -- |
| 06/20/2025 06/20/25 | For Sale | $250,000 | -- | -- |
Source: Stellar MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $100 | None Listed On Document | |
| Quit Claim Deed | $404 | None Available | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $23,998 | No Value Available |
Source: Public Records
Similar Homes in Sarasota, FL
Source: Stellar MLS
MLS Number: N6138685
APN: 0087-11-0001
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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