900 N ORANGE AVENUE
Sarasota, FL, 34236 $ 6,000,000
Bedrooms23 Baths12.0 Sq 6,838 Monthly Estimate*
$ 41,441
for $6,000,000 with 23 bedrooms and 12 full baths. This 6,838 square foot home was built in 1972 on a lot size of 0.31.
PRIME MULTIFAMILY DEVELOPMENT OPPORTUNITY IN SARASOTA’S HISTORIC DISTRICT | RESTORATION ZONE Discover a rare multifamily development opportunity in Downtown Sarasota’s Historic District, ideally positioned on a highly visible corner lot within a designated Sarasota Restoration Zone. Located just minutes from the heart of Downtown Sarasota, this property offers developers, builders, and investors the opportunity to create new construction condominiums, luxury townhomes, or a boutique multifamily residential development in one of Sarasota’s most sought-after and rapidly evolving areas. Zoned for multifamily development with potential for up to 24 residential units, this site offers exceptional flexibility for a variety of residential development concepts. The property is particularly well suited for condos, luxury townhomes, multifamily residences, or an upscale urban residential community designed to take advantage of Sarasota’s continued growth and strong demand for new housing. One of the property’s major advantages is that utilities are already on site, including water, sewer, electric, and other essential services, potentially helping reduce infrastructure costs and simplify the development process. The location provides an exceptional walkable Downtown Sarasota lifestyle, with convenient access to restaurants, cafés, shopping, entertainment, cultural attractions, art galleries, theaters, Sarasota Bay, and the vibrant downtown district. Sarasota continues to experience significant residential growth, with new construction and redevelopment transforming the surrounding area and creating increased demand for well-located multifamily housing. PROPERTY HIGHLIGHTS: Prime corner lot in Sarasota’s Historic District Located within a Sarasota Restoration Zone, Multifamily zoning, Potential for up to 24 residential units, Ideal for condominium development or luxury townhomes, Excellent opportunity for multifamily redevelopment, Water, sewer, electric and utilities already on site, Walkable to Downtown Sarasota, Close to restaurants, shopping, entertainment, arts and Sarasota Bay, Surrounded by ongoing new construction and redevelopment, Strong demand for new residential housing, High-visibility corner location, Excellent opportunity for developers, builders and investors, Potential for significant redevelopment and investment upside A rare Sarasota development opportunity in a highly desirable location. With multifamily zoning, Restoration Zone designation, utilities already on site, and the ability to potentially develop up to 24 residential units, this property offers a compelling opportunity to participate in the continued transformation and growth of Downtown Sarasota and the surrounding Historic District. Contact us today for zoning information, development details, site information, and to explore the potential of this exceptional Sarasota multifamily development site.
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FeaturesGeneralSewer Public Sewer
Heating Central
Cooling Central Air
Utilities Electricity Connected Sewer Connected Water Connected
Possession Close Of Escrow
Roof Shingle
Appliances Disposal Electric Water Heater
Zoning DTE
Garage Spaces 3
Construction Materials Block
Year Built 1972
Levels Two
Property Subtype Duplex
Tax Year 2025
Ownership Fee Simple
Community Features Sidewalks
Additional Parcels Description 202020033 2026020034 2026020035 2026020050
County Sarasota
New Construction false
Property Type Residential Income
Attached Garage true
Subdivision Name PETROUTSA BROTHERS SUB
Garage Y/N true
Status Active
Directions From Fruitville : 1.-North on Orange Ave 2.-On right at corner of Orange Ave and 9th Street.
City SARASOTA
Senior Community Y/N false
MLS Area 34236 - Sarasota
Lot Size Units Square Feet
Lot Size Square Feet 13400
Carport Y/N false
Listing Terms Cash Conventional
Land Lease Y/N false
Tax Annual Amount 14171
Property Condition Completed
Additional Parcels Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4707968
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Tax Lot 3
Legal Description LOTS 3 & 4 BLK B PETROUTSA BROTHERS SUB
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
Flood Zone Code X Y
DockY/N false
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InteriorInterior Amenities Ceiling Fan(s) Other Solid Surface Counters
Flooring Ceramic Tile
Furnished Y/N Negotiable
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Other
Total Bedrooms 23
Total Baths 12
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ExteriorExterior Amenities Other
Parking Features Other
Water Source Public
Lot Size Area 13400
Foundation Details Other
Number of Buildings 2
Building Area Total 13400
Lot Dimensions 134 x 100
Lot Size Acres 0.31
Road Surface Type Asphalt
Private Pool false
Waterfront Y/N false
Covered Spaces 3
Number of Lots 5
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* Excluded FeaturesList ByCompass Florida LlcBroker
sandra.osorio@compass.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $41,441
- Monthly Property Taxes
- $1,181
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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.
Learn more about how to save NearbyMulti-family listings in Sarasota, FL
Average List Price $974,885
Percent of Sale Price 84%
About Sarasota, FL 55,052 Population
5% Since 2002
$ 46,682 Median Income
45.17 Median Age
16% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/30/2026 | $6,000,000 | | Listed Price |