REDUCED $5 MM! Sarasota Co 295 Acres for Res Dev (5 u/acre)

Vacant Land for Sale
Catylist Listing ID: 29986989
Property Subtypes: Residential (Single Family)
Gross Land Area: 294 - 295 Acres
Sale Price: $17,000,000
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/12/2017

Overview / Comments

See aerial video at www.SaundersRealEstate.com/Venice295
Property Type: Raw Land for Residential Development.
Acreage: 295 +/- ac in 2 contiguous parcels: 186 ac (PIN 0391-00-1020) and 109 ac (PIN 0393-00-3000)
Zoning: OUE / FLU: Moderate Density Residential Up to 5 Units per Acre; up to 5% allowable for non-residential uses.
Location: E of Jacaranda Blvd between Laurel Rd (N) and Border Rd (S), Venice, Sarasota County
Nearest Intersection: Jacaranda Blvd & Laurel Rd, just 2 miles E of Laurel Rd & I-75
Infrastructure: Fence, gates, dirt roads through property
Road Frontage:
• 1,800 +/- FT on Laurel Rd E (N side)
• 2,520 +/- FT on Border Rd (S side of property)
Length of Property (N to S) from Laurel Rd to Border Rd: 5,165 +/- feet
Uplands/Wetlands:
• 207 +/- acres uplands (70%)
• 88 +/- acres wetlands
Land Cover: Vacant land wooded with pines, hardwoods, scrub palmettos.
Utilities: Water & Sewer provided by City of Venice and Sarasota County
Easements: An FP&L power line crosses the N portion of the 109 acre (east) parcel running E to W (parallel to Laurel Rd) for 1,800 feet +/- and a water line easement.
Taxes: $911.
Sale Price: $22,000,000.
Price per Acre: $74,576.
Price per SF: $1.71
This area of Venice in Sarasota County, Florida has realized significant property appreciation of upscale residential development. It represents one of the fastest growing and most desirable locations for residential development in the Tampa Bay region.
The development potential for this property is immediate and strong given the current marketplace. The property future land use designation of “Moderate Density Residential” offers significant value; the maximum density through the plan is 5 dwelling units per acre and up to 5% of the land area is allowable for non-residential (Commercial) uses.
A unique amenity, Venice Myakka River Park, is located just off the NE corner of the subject property. It provides access to this winding, tropical river for family entertainment; kayaking, fishing, hiking and picnicking. A 30 foot by 620 foot land strip, that is part of this 295 acres, also accesses the Myakka River for potential development of a private amenity (walkway, gazebo, kayak launch) for residents.
It is in an excellent location for an upscale residential development, as the property is bordered by two well landscaped and appointed luxury residential developments; WCI’s Venetian Golf and River Club to the north, and Neal Communities’ Villages of Milano to the west. Both provide a secure gated entrance, world class amenities and beautiful homes. A concept plan for a residential development on this 295 acre parcel is available upon request.
Arriving at the subject property from either Laurel Rd E off the I-75 Interchange, or by Border Rd, residents will enjoy the beautifully landscaped roadways along these neighboring developments. A Publix anchored shopping plaza and other commercial developments are located just two miles south on Jacaranda Blvd, and W toward the city. An immediate connection to I-75, two miles to the west, and downtown Venice are just a few minutes away. The charming, palm lined downtown area of Venice, just 5 miles to the W, sits along the Gulf coastline where residents enjoy first class shopping and dining.
The Venice beaches feature sugar white sand for miles along the Gulf, providing some of the world’s finest venues for swimming, boating, fishing and just plain relaxing. The nearby Venice community hosts numerous marinas, golf courses and other attractions.
Two miles to the west on Laurel Road is an intersection link to I-75, a major north/south corridor along Florida’s Gulf Coast. The Cities of Sarasota, a half hour north, and Tampa about ninety minutes, offer major city amenities and services; universities, museums, professional sports, sea ports, international airports and the performing arts. Venice, Sarasota and Tampa all have a vibrant and growing business community.
See more and an aerial video at www.SREland.com/Venice295

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Venice, Sarasota County, Florida
Tax ID/APN: (186 acres) 0391-00-1020 and 0393-00-3000 (109 acres)
Zoning: OUE / FLU MODERATE DENSITY RESIDENTIAL (5 UNITS PER ACRE)
Property Located Between: Venice; Laurel Rd on the N, and Border Rd on the S, 2 miles E of I-75 interchange
Property Visibility: Excellent
Legal Description: Two Parcels: 184 acres: E 1/2 OF SEC 35-38-19, LESS W 807 FT & LESS N 830 FT THEREOF & LESS S 33 FT THEREOF FOR R/W IN OR 1325 /1936 LESS ADDITIONAL R/W FOR BORDER RD DESC IN OR 2404/2706 106 acres: BEG AT NW COR OF SEC 36 TH N-88- 33-15-E 1854.05 FT TH S-02-30-45 -W 1153.53 FT TH S-88-57-13-W 1197.48 FT TH S-00-40-40-E 1536.19 FT TH N-88-29-25-E 1380.97 FT TH S-45-30-46-E 887.83 FT
Largest Nearby Street: Laurel Road (2 miles E of I-75 interchange)
Feet of Frontage: 1,800
Traffic/Vehicle Count: 1,400
Highway Access: Property is located on E Laurel Road, just a mile to Jacaranda Blvd., and two miles to I-75.
Airports: Venice Airport, Sarasota International Airport, Tampa International Airport
Site Description: Property Type: Raw Land for Residential Development Acreage: 295 +/- acres in 2 contiguous parcels: 186 ac (PIN 0391-00-1020) and 109 ac (PIN 0393-00-3000) Zoning: OUE Future Land Use: Moderate Density Residential Up to 5 Units per Acre, and Up to 5% of the land area is allowable for non-residential (Commercial) uses. Location: E of Jacaranda Blvd between Laurel Road (N) and Border Road (S), Venice, Sarasota County Nearest Intersection: Jacaranda Boulevard and Laurel Road, and just 2 miles east of Laurel Road & I-75 Infrastructure: Fencing, gates and dirt roads through property Road Frontage: • 1,800 +/- FT on Laurel Road East (north side of property) • 2,520 +/- FT on Border Road (south side of property) Length of Property (N to S) from Laurel Road to Border Road: 5,165 +/- feet City of Venice, Sarasota County - 295 Acres for Residential Development Page 2 of 3 Uplands/Wetlands: • 207 +/- acres uplands • 88 +/- acres wetlands Land Cover: Vacant land that is wooded with pines, some hardwoods, scrub palmettos and spotted with areas of wetlands. Utilities: Water and Sewer provided by City of Venice Nearby Amenity: Venice Myakka River Park, located off the northeast corner of property Potential Property Amenity: A 30 foot by 620 foot land strip, that is part of this 295 acres, also accesses the Myakka River for potential development of a private amenity. Easements: An FP&L power line crosses the north portion of the 109 acre (east) parcel running east to west (parallel to Laurel Road) for 1,800 feet +/- of a 170 foot wide easement; and a water line easement.
Area Description: This area of Venice in Sarasota County, Florida has realized significant property appreciation of upscale residential development. It represents one of the fastest growing and most desirable locations for residential development in the Tampa Bay region. The development potential for this property is immediate and strong given the current marketplace. The property future land use designation of “Moderate Density Residential” offers significant value; the maximum density through the plan is 5 dwelling units per acre and up to 5% of the land area is allowable for non-residential (Commercial) uses. A unique amenity, Venice Myakka River Park, is located just off the northeast corner of the subject property. It provides access to this winding, tropical river for family entertainment; kayaking, fishing, hiking and picnicking. A 30 foot by 620 foot land strip, that is part of this 295 acres, also accesses the Myakka River for potential development of a private amenity for residents. City of Venice, Sarasota County - 295 Acres for Residential Development Page 3 of 3 It is in an excellent location for an upscale residential development, as the property is bordered by two well landscaped and appointed luxury residential developments; WCI’s Venetian Golf and River Club to the north, and Neal Communities’ Villages of Milano to the west. Both provide a secure gated entrance, world class amenities and beautiful homes. A concept plan for a residential development on this 295 acre parcel is available upon request. Arriving at the subject property from either Laurel Road East off the I-75 Interchange, or by Border Road, residents will enjoy the beautifully landscaped roadways along these neighboring developments. A Publix anchored shopping plaza and other commercial developments are located just two miles south on Jacaranda Boulevard, and west toward the city. An immediate connection to I-75, two miles to the west, and downtown Venice are just a few minutes away. The charming, palm lined downtown area of Venice, just 5 miles to the west, sits along the Gulf coastline where residents and guests enjoy first class shopping and dining. The Venice beaches feature sugar white sand for miles along the Gulf, providing some of the world’s finest venues for swimming, boating, fishing and just plain relaxing. The nearby Venice community hosts numerous marinas, golf courses and other attractions. Two miles to the west on Laurel Road is an intersection link to I-75, a major north/south corridor along Florida’s Gulf Coast. The Cities of Sarasota, a half hour north, and Tampa about ninety minutes, offer major city amenities and services; universities, museums, professional sports, sea ports, international airports and the performing arts. Venice, Sarasota and Tampa all have a vibrant and growing business community.
Lot Frontage: 1800 feet on Laurel Road and 2530 feet on Border rRoad
Lot Depth: 5,165 +/- feet
Zoning Description: OUE / FLU Moderate Density Residential; 5 units per acre, up to 5% non residential.
Development Name: na
Topography: Level
Easements: Electric Lines, Utilities
Easements Description: FPL line across the northern tip of property, running east to west that is 170 feet wide.. Well easement, depending on site plan for development that is submitted.
Soil Type: Mixed
Available Utilities: Electric, Water, Gas, Sewer, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 8,959 51,310
Median Age: 64.58 62.35
Households: 4,732 26,256

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