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DR MARTIN LUTHER KING JR WAY Sarasota, FL $ 390,000
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$ 390,000 Get more info
DR MARTIN LUTHER KING JR WAY
$ 390,000
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Share Save

DR MARTIN LUTHER KING JR WAY

Sarasota, FL, 34234
$ 390,000
Baths0.0

Monthly Estimate*

$ 2,433

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View a Virtual Tour
Studio

Lots and Land for sale in Sarasota, FL

for $390,000. The lot size is 1.28.

1.28 ACRES IN PRIME SARASOTA LOCATION ZONED RMF2 (RESIDENTIAL MULTI FAMILY) READY FOR DEVELOPMENT!! Unlock the potential of this vacant residential lot in the heart of Sarasota! Zoned RMF2, this property allows for the development of up to 11 multi-family units with a....35 FOOT HEIGHT LIMIT, making it an ideal investment for builders and developers looking to capitalize on Sarasota’s thriving real estate market. Key Features: Prime Location – Just minutes from downtown Sarasota and World-Famous Beaches, offering easy access to shopping, dining, entertainment, and cultural attractions. Multi-Family Potential – RMF2 zoning permits high-density residential development, perfect for rental properties or condominiums. Convenient Access – Close to major roads, including US-41, ensuring seamless connectivity to surrounding areas. Growing Community – Sarasota is a sought-after destination with strong demand for housing, making this an excellent investment opportunity.

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Lots and Land Active

Price

$ 390,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 2,529

Style

Lot Size

1.28

Town/City

Sarasota

County/Region

Sarasota

MLS | Web ID

A4671656
Features
General
Sewer Public Sewer
Utilities Public
Zoning RMF2
Tax Year 2024
Current Use Residential
Ownership Fee Simple
County Sarasota
Property Type Land
Subdivision Name HUMPHREYS SUB
Status Active
Directions Going north on US 301 from Downtown Sarasota turn right on Dr. Martin Luther King Blvd. Property is just over the railroad tracks on the right.
City SARASOTA
MLS Area 34234 - Sarasota
Lot Size Units Acres
Lot Size Square Feet 55550
Tax Annual Amount 2529.73
Additional Parcels Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4671656
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 1
Legal Description BEG AT NW COR OF LOT 1 TH E 191 FT ALG N LINE OF SAID LOT 1 TH SELY & PARALLEL TO WLY LINE OF SAID LOT 293.5 FT M/L TO S LINE OF SAID LOT 1 TH W 191 FT ALG S LINE OF SAID LOT TO WLY LINE OF LOT TH
Water Access Y/N false
Water View Y/N false
Flood Zone Code AE
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Interior
Total Baths 0
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Exterior
Water Source Public
Lot Size Area 1.2753
Lot Dimensions 192 x 294
Lot Size Acres 1.28
Road Surface Type Asphalt
Waterfront Y/N false
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* Excluded Features
List By
White Sands Realty Group Fl

Broker

briankgibson71@gmail.com

Email

Affordability Calculator

$2,644
Per Month
92%
8%
0%
Monthly Principal & Interest
$2,433
Monthly Property Taxes
$211
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/24/2025$390,000 -8.24% Price Down
12/19/2025$425,000 Listed Price

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DR MARTIN LUTHER KING JR WAY, Sarasota, FL, 34234 is a Lots and Land for sale at $390,000 with a lot size of 1.28. DR MARTIN LUTHER KING JR WAY is a studio with 0.0 baths. The property's zip code is 34234 which is in Sarasota, FL

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