Three and a Half Acres of Lakefront. $4.90 a Square Foot.
Parcel B1 is the value play of the entire offering — and the one that will be hardest to replace. Three and a half acres of open, mowable lawn (Bermuda, St. Augustine, Bahia) running down to the waterfront of North Lake, with the Legacy Trail along its border. Lakefront acreage at $213,578 per acre in a market where half-acre subdivision lots trade for more.
Why the price per acre drops so sharply from the road parcels: B1 has no direct road frontage. Access is by a deeded, exclusive 25-foot easement from Twin Lakes Avenue — surveyed, documented, and permanent. What that easement buys you is privacy. No car passes your house unless it's coming to your house. The lake in front, the trail behind, and no through traffic ever.
The Facts
|
Size |
152,967 SF / 3.51 acres |
|
Frontage |
North Lake waterfront; borders the Legacy Trail |
|
Zoning |
RSF2 — single-family, up to 3.5 units per acre |
|
Water |
Sarasota County |
|
Sewer |
None — new construction requires septic |
|
Access |
Deeded 25' exclusive access easement from Twin Lakes Avenue |
Parcel B1- Price and Terms
|
Parcel |
Square Feet |
Acres |
Price |
Price/Acre |
Price/SF |
|
B1 |
152,967 |
3.5116 |
$750,000 |
$213,578 |
$4.90 |
Prefer to own your own access? Purchase B1 together with roadfront Parcel A1 — 4.1 acres from the road to the lake, $1,075,000, and the easement can be modified or eliminated since you'd own both sides of it. See Parcels A + B.
B1: looking northeast at North Lake waterfront
B1: looking east from southwest property line
B1: looking east along Lake
B1: looking south along west property line
Parcel B1: Splitting and Easement
We are in process for splitting Parcel A into Parcels A1 and A2. Surveys have been completed, legal descriptions are done.
We are having easement documents drafted for execution. Easement are required for access to Parcel B1 and B2.
