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Key Details
Sold Price $1,250,000
Property Type Vacant Land
Sub Type Residential
Listing Status Sold
Purchase Type For Sale
Subdivision Not Part Of A Subdivision
MLS Listing ID A4677058
Sold Date 07/17/26
HOA Y/N No
Annual Tax Amount $16,465
Lot Size 0.470 Acres
Acres 0.47
Property Sub-Type Residential
Source Stellar MLS
Property Description
1621 Memory Lane presents a rare opportunity to build a custom bayfront estate on Little Sarasota Bay in the Bayview Acres neighborhood, one of Sarasota's most strategically positioned mainland waterfront communities. Situated on a quiet no-through street south of Stickney Point Road and west of Tamiami Trail, this expansive .47-acre parcel offers approximately 100 feet of direct frontage on the bay and the scale to design a significant coastal residence with generous outdoor living areas, pool, and the ability to construct a private pier, subject to permitting. The property is offered as a vacant lot for $1,480,000 or as a to-be-built custom residence by The Vision Group priced at $3,980,000, providing flexibility for buyers to bring their own builder or move forward with a fully designed plan. The setting delivers privacy and calm while remaining just minutes from the south bridge to Siesta Key and equally convenient to downtown Sarasota's dining, arts, and cultural amenities. Continued investment along the U.S. 41 and Siesta Drive corridor, including Benderson's planned retail and mixed-use development, further strengthens the long-term appeal of this location. The property is especially well suited for buyers transitioning off the barrier islands who want mainland accessibility without sacrificing water views, as well as inland residents ready to elevate to a true bayfront setting without HOA constraints. With limited remaining buildable bayfront parcels of this size and frontage—and new construction next door on a comparable lot estimated at $6 million in value—the economics present a compelling opportunity to build at a meaningful discount to neighboring new construction.
Location
State FL
County Sarasota
Community Not Part Of A Subdivision
Area 34231 - Sarasota/Gulf Gate Branch
Zoning RSF2
Exterior
Utilities Available Cable Available, Electricity Available
Waterfront Description Bay/Harbor,Intracoastal Waterway
View Y/N 1
Water Access Yes
Water Access Desc Bay/Harbor,Gulf/Ocean,Intracoastal Waterway
Exposure East
Building
Lot Description Oversized Lot, Street Dead-End
Lot Size Range 1/4 to less than 1/2
Sewer Septic Tank
Water Public
Schools
Elementary Schools Gulf Gate Elementary
Middle Schools Brookside Middle
High Schools Riverview High
Others
Ownership Fee Simple
Special Listing Condition None
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