5106 s lockwood ridge rd Sarasota, Florida FL
ACTIVE SINGLE FAMILY RESIDENCE
$250,000
Bed
1 Bath
520 sqft
Interested in 5106 s lockwood ridge rd?
5106 s lockwood ridge rd
Sarasota, Florida FL
ACTIVE
SINGLE FAMILY RESIDENCE
USD $250,000
Bed 1 Bath 520 sqft
Property Information
Property Description
Situated in the heart of Sarasota, this exceptional 12,177 square foot corner lot presents a rare and highly valuable opportunity for investors, developers, and builders. The potential to develop brand-new homes in one of Sarasota’s most desirable and fast-growing areas makes this a prime investment with significant upside.
While the existing 520-square-foot structure currently occupies the property, the true value lies in the land and its future development potential. The expansive size and strategic location provide flexibility in design and layout, creating the perfect foundation for high-quality new builds that will appeal to today’s buyers seeking modern homes in a well-connected neighborhood. In addition to building a brand-new single-family home, the buyer can also create an accessory dwelling unit (ADU) of up to 750 square feet—offering even more potential for income or multigenerational living.
Located directly across from Red Bug Slough Preserve, the property offers both creative exposure and a unique blend of urban convenience and natural beauty. Future homeowners will enjoy immediate access to walking trails, dog paths, a tranquil lake, fishing piers, and picnic pavilions.
The surrounding area is rich with amenities, including parks, schools, shopping centers, and dining options, while world-famous Siesta Key Beach is just a 10-minute drive away.
As Sarasota continues to grow in popularity for its lifestyle, culture, and coastal charm, demand for well-located residential properties remains strong. This property represents a rare chance to build and capitalize on that demand. Whether you're a seasoned investor or a developer seeking your next project, this is a can’t-miss opportunity to create something exceptional in one of Florida’s most vibrant markets.
Source: Stellar MLS
MLS#: N6138685
Additional Rooms:
Appliances: Other,
Building Area Units: Square Feet
Building Elevator: False
Cooling Type: Wall/Window Unit(s),
Fireplace: Non Wood Burning,
Floor Number:
Flooring: Laminate,
Heating Type: Ductless,
Stories Total:
Interior Features: Ceiling Fans(s),
Laundry Features: Other,
Levels: One,
Living Area SQ ft: 520
Living Area Meters: 48.31
Living Area Source: Public Records
Living Area Units: Square Feet
Room Count: 5
Spa:
Spa Features: In Ground,
Architectural Style: Traditional,
Attached Garage:
Carport: 0
Construction Materials:
Exterior Features: Storage,
Foundation Details: Slab,
Garage: 0
Garage Spaces:
Homestead: True
Lot Features: Private,
Lot Size Dimensions:
Lot Size SqFt: 12177
Lot Size Square Meters: 1131
Other Structures: Tennis Court(s),
Parking Features: Ground Level,
Pool Private: 0
Property Condition: Completed,
Property Description:
Road Surface Type: Asphalt,
Roof: Shingle,
Sewer: Public Sewer,
Total Acreage: 1/4 to less than 1/2
Utilities: Public,
View Type: Water,
Water Access: False
Water Extras: False
Water Source: Public,
Water View: False
Water View Type:
Waterfront: Lake Front,
Window Features: Window Treatments,
Additional Lease Restrictions:
Association Fee Includes: Recreational Facilities,
Association Fee Requirement:
Available For Lease: True
List Price By Calculated SqFt: 480.77
Condo Fees:
Condo Fees Term:
Condo Land Included:
Current Price: $250,000
Disclosures:
Existing Lease Tenant: False
Lease Restrictions:
Listing Exclusion: True
Listing Terms: VA Loan,
Minimum Lease: 1 Month
Monthly Condo Fee Amount:
Ownership: Fee Simple
Ratio Current Price By Calculate: 480.77
Special Listing Conditions: None,
Tax Annual Amount: 926
Tax Block: C
Tax Book Number: 1-188
Tax Lot:
Tax Year: 2024
Total Annual Fees: 0.00
Total Monthly Fees: 0.00
Association: 0
Association Amenities: Tennis Court(s),
Association Approval Required: False
Association Name:
Building Area Source: Public Records
Building Area Total: 520
Community Development District: 0
Community Features: Tennis Court(s),
Country: US
Direction Faces: East
Elementary School: Wilkinson Elementary
Flood Zone Code: X
Flood Zone Panel: 12115C0144G
High School: Riverview High
Middle Or Junior School: Brookside Middle
MLS Area Major: 34231 - Sarasota/Gulf Gate Branch
SW Subdivision Community Name: Allstates Park
Township: 37
Water Body Name:
General Information
Area
Sarasota, Florida FL
Sewer
Public Sewer,
Roof
Shingle,
County
Sarasota
Lot Size
0.28
Levels
One,
Zoning
RSF3
Property Type
Single Family Residence
Sqft
3,103
Year Built
1956
Tax Year
2024
Property Subtypes
Single Family Residence
Your Agent
Patrick Brogley
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Listed by: Keller Williams On The Water 941-729-7400.
© My Florida Regional MLS DBA Stellar MLS 2024
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Data last updated on Sunday, June 15, 2025 05:51:09 PM.