$5,475,000
$500K PRICE DROP

843 Norsota Way Sarasota, FL 34242

Estimated payment $34,691/month

Total Views 3,686
0.37 Acre
$14,797,297 Price per Acre
16,117 Sq Ft Lot

Highlights

  • 80 Feet of Bay Harbor Waterfront
  • White Water Ocean Views
  • No HOA
  • Phillippi Shores Elementary School Rated A
  • Access To Intracoastal Waterway

About This Lot

Exclusive Buildable Lot on the Coveted North End of Siesta Key. Nestled in one of Sarasota’s most sought after neighborhoods, this rare buildable lot offers a once-in-a-lifetime opportunity to create your dream home. With stunning, magical bay views and panoramic vistas of the downtown city skyline, this property is the perfect canvas for a luxurious residence. Situated on the north end of Siesta Key, you’ll enjoy deep boating water with easy access to the Gulf of Mexico, making it an ideal location for water enthusiasts. The lot provides swift, convenient access on and off Siesta Key, placing you just minutes away from the vibrant downtown Sarasota, the charming Southside Village, and the world-renowned Siesta Key Beach. The neighborhood is home to multi-million-dollar estates, ensuring an exclusive and serene living environment. The existing structure on the property suffered flood damage but has been fully mitigated. While the current building can be renovated, the true value lies in the land, providing you with the chance to build a truly spectacular home in an unmatched location.

Listing Agent

Thomas Cail

RE/MAX ALLIANCE GROUP Brokerage Phone: 941-954-5454 License #0586337 Listed on: 03/25/2025

RE/MAX ALLIANCE GROUP

Co-Listing Agent

Jason Grande

RE/MAX ALLIANCE GROUP Brokerage Phone: 941-954-5454 License #0620547

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $53,452

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 95x182.5x80x182.5
  • 80 Feet of Bay Harbor Waterfront
  • South Facing Home
  • Property is zoned RSF1

Property Views

  • White Water Ocean
  • Intracoastal

Additional Features

  • In Flood Plain
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number 2019090037

Community Details

Overview

  • No Home Owners Association
  • Bay Island Community
  • Bay Island Subdivision

Recreation

  • Access To Intracoastal Waterway
  • Access to Bay or Harbor
  • Seawall

Property Details

Property Type

Land

Est. Annual Taxes

$53,452

Lot Details

0

Listing Details

  • Property Type: Land
  • Lot Size Acres: 0.37
  • Lot Size Sq Ft: 16025
  • Directions to Property: Siesta drive over north bridge, first street on the right
  • Status: Active
  • Co List Office Mls Id: MFR281518938
  • Co List Office Phone: 941-954-5454
  • Ownership: Fee Simple
  • Escrow State: FL
  • List Office Head Office Key Nume: 1047486
  • RATIO Current Price By Calculate: 341.65
  • Total Acreage: 1/4 to less than 1/2
  • Water Access YN: 1
  • MFR_DockYN: 0
  • Attribution Contact: 941-954-5454
  • Tax Year: 2024
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet
  • Street Number Modifier: 843

Exterior Features

  • Direction Faces: South
  • Road Frontage Type: City Street
  • View: Water
  • Water Body Name: SARASOTA BAY
  • Waterfront: Yes
  • Road Surface Type: Asphalt
  • Water Access: Bay/Harbor,Intracoastal Waterway
  • Water Extras: Seawall - Concrete
  • Water Extras YN: 1
  • Water View: Bay/Harbor - Full,Intracoastal Waterway
  • Water View YN: 1
  • Waterfront Feet Total: 80
  • Flood Zone Date: 2024-03-27
  • Additional Water Information: existing dock was destroyed in the hurricanes
  • Price Per Acre: 14797297
  • Water Frontage Feet Bay Harbor: 80

Utilities

  • Utilities: Cable Available, Electricity Available, Sewer Connected, Water Connected
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: RSF1
  • Parcel Number: 2019090037
  • Additional Parcels: No
  • Current Use: Residential
  • Lot Features: Buildable, Flood Plain/Bottom Land, City Limits, Room For Pool
  • Lot Dimensions: 95X182.5X80X182.5
  • Flood Zone Code: AE, VE
  • Lot Size Square Meters: 1489
  • Current Adjacent Use: Residential

Tax Info

  • Tax Annual Amount: 53452.37
  • Tax Book Number: 2-171
  • Tax Lot: 21

Multi Family

  • Waterfront Features: Bay/Harbor

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $53,281 $3,047,532 -- --
2023 $53,281 $4,712,800 $4,262,000 $450,800
2022 $46,136 $3,914,100 $3,603,000 $311,100
2021 $37,353 $2,571,800 $2,352,000 $219,800
2020 $32,817 $2,035,300 $1,815,300 $220,000
2019 $34,168 $2,125,100 $1,903,200 $221,900
2018 $32,776 $2,031,100 $1,815,800 $215,300
2017 $32,614 $2,001,400 $1,815,800 $185,600
2016 $12,016 $1,988,700 $1,758,900 $229,800
2015 $12,197 $1,637,800 $1,444,700 $193,100
2014 $12,186 $727,331 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2025 06/02/25 Price Changed $5,475,000 -8.4% --
03/25/2025 03/25/25 For Sale $5,975,000 -- --
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer $2,550,000 Attorney
Interfamily Deed Transfer -- Attorney
Interfamily Deed Transfer -- Attorney
Source: Public Records

Source: Stellar MLS

MLS Number: A4646021

Stellar MLS

APN: 2019-09-0037