Listing Details for MLS #W7880639 - 1731 Siesta Drive, Sarasota, Fl 34239

Residential Property - Single Family Residence in Sarasota

Listing Price: $899,990Days on Market: 48

Description of Property

Under Construction. OWNER/PRIVATE FINANCING MAY BE AVAILABLE. Welcome to 1731 SIESTA DRIVE in Sarasota — a rare LUXURY NEW CONSTRUCTION OPPORTUNITY in one of the most desirable and high-demand areas on the Gulf Coast. This partially completed build is designed for a 4 BEDROOM / 4.5 BATH MAIN HOME plus a 1 BEDROOM / 1 BATH POOL HOUSE, offering incredible potential for a CUSTOM ESTATE or a profitable INVESTOR PROJECT. With an estimated $300,000 REMAINING TO COMPLETE and a projected AFTER REPAIR VALUE OF APPROX. $1.8 MILLION, this is the kind of deal that doesn’t come around often in Sarasota. The home is planned for approximately 3,200 SQ FT OF TOTAL LIVING SPACE on a 5,662 SQ FT LOT with NO HOA, giving you full flexibility in design and use. CONCRETE BLOCK CONSTRUCTION is already in place, and the ROOF, NEW COOLING SYSTEM, GARAGE, and FINAL FINISHES are ready for the next owner to bring to life. A PRIVATE POOL is also part of the approved plan, creating the indoor-outdoor lifestyle Sarasota is famous for. The location simply cannot be beat. You’re just minutes from SIESTA KEY BEACH, DOWNTOWN SARASOTA, upscale shopping, fine dining, top-rated schools, and quick access to US-41 and I-75. Whether you complete the project for resale or finish it as your own modern coastal retreat, this address delivers the ideal combination of LOCATION, LUXURY, AND LONG-TERM VALUE. This is your chance to take over a premium property in mid-build and finish a true Sarasota showpiece exactly the way you want it. Opportunities with this level of upside and flexibility are extremely limited. OWNER/PRIVATE FINANCING MAY BE AVAILABLE WITH SUBSTANTIAL DOWN PAYMENT.The average asking price for a 5 bedroom/5 bath single family residence in this Zip code is $4,751,666. This single family residence is listed at about 19% of the average asking price. This is the only 5 bedroom/5 bath single family residence between $800,000 and $1,000,000 currently listed for sale in this Zip code.