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Awesome development opportunity on 5.23 acres close to the new Sarasota Memorial Hospital and Sarsasota County Sherriff's building as well as Publix shopping plaza and restaurants nearby. Only 4.5 miles to Nokomis Beach or 6.6 miles to Venice Beach. This entire parcel is Flood Zone X. Assemblage available with 2 neighbors parcels to bring it to 16.68 acres. Area Growth & Development Momentum The subject property is positioned within one of the fastest-growing corridors in South Sarasota County, surrounded by substantial planned and recently delivered development that continues to transform the Laurel Road / I-75 area into a true mixed-use destination. Immediately east of the site, a major master-planned mixed-use project is advancing on approximately 32 acres. This development is expected to introduce a full spectrum of uses including hospitality, office, retail, residential, assisted living, and self-storage"”bringing new population density, employment, and daily traffic to the immediate area. To the west, Casatta Lakes is delivering a 151-home luxury residential community, with custom new construction homes commanding prices well above $700,000. This high-income residential base strengthens long-term demand for retail, medical, service, and lifestyle-oriented uses nearby. Southwest of the property, a large-scale commercial mixed-use project is planned along Laurel Road, anchored by national big-box retailers including Walmart and Home Depot. This development will further solidify Laurel Road as a primary retail and commercial spine serving both local residents and regional traffic. The area is also anchored by Sarasota Memorial Hospital, which has already completed a significant expansion and continues to invest heavily in the surrounding medical district. Current plans include a new state-of-the-art Rehabilitation Pavilion, reinforcing the corridor's role as a regional healthcare hub and driving sustained demand for medical office, outpatient, hospitality, and supporting commercial uses.
| DAYS ON MARKET | 562 | LAST UPDATED | 1/13/2025 |
|---|---|---|---|
| TRACT | TWIN LAUREL ESTATES | YEAR BUILT | 1981 |
| COMMUNITY | 34275 - Nokomis/North Venice | GARAGE SPACES | 2.0 |
| COUNTY | Sarasota | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | Laurel Nokomis Elementary |
|---|---|
| Jr. High School | Laurel Nokomis Middle |
| High School | Sarasota High |
| PRICE HISTORY | |
| Prior to Jan 13, '25 | $4,750,000 |
|---|---|
| Jan 13, '25 - Today | $3,750,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | None |
| AREA | 34275 - Nokomis/North Venice |
| CONSTRUCTION | Block, Stucco |
| EXTERIOR | Other |
| FIREPLACE | Yes |
| GARAGE | Yes |
| HEAT | Central |
| INTERIOR | Other |
| LOT | 5.23 acre(s) |
| POOL | Yes |
| POOL DESCRIPTION | Screen Enclosure, Private |
| SEWER | Septic Tank |
| STORIES | 1 |
| SUBDIVISION | TWIN LAUREL ESTATES |
| TAXES | 3300 |
| UTILITIES | Electricity Connected, Water Connected |
| WATER | Private, Well |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Andrew Pepper, PLLC, KELLER WILLIAMS ON THE WATER S, 941-803-7522
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 12/19/25 3:00 PM PST.
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