$555,000

1504 Cocoanut AveSarasota, FL 34236

  • 3 beds
  • 1 baths
  • 1,072 sqft
  • 0.27 acres
  • 377 days on market

About this home

Beautiful Double Lot Near Downtown Sarasota and The Bay.
Prime opportunity for future land development north of downtown Sarasota and The Bay. The value lies in the spacious double lot, nestled in a highly desirable residential neighborhood close to the international airport, Bayfront, and vibrant downtown Sarasota, close to top-rated restaurants, bars, and boutique shops. Enjoy easy access to the public boat ramp on 10th Street, offering a direct route to the Gulf of Mexico for boating and water recreation. Schematic plans and renderings for two homes, each 2500sqft illustrating what can potentially be built on 1504 Cocoanut Ave. should the buyer choose to subdivide the lot.
Just a few blocks away, the renowned Ringling College of Art and Design adds to the neighborhood’s prestige. This property is ideal for a two-family home site, a strong investment opportunity in one of Sarasota’s most sought-after areas. The existing home currently generates rental income with a tenant in place. Survey available upon request.

Virtual tour

Facts

Property type
Single Family Residence
Year built
1951
Stories
1
Garage spaces
1
Lot size
0.27 acres
Pool
No
Waterfront
No
Subdivision
VALENCIA TERRACE REV
Community
Valencia Terrace
County
Sarasota
CDD
0
Annual taxes
$3,422 (2024)
Flood zone
x
New construction
No
MLS #
A4669404

Features

Interior
Living Room/Dining Room Combo
Appliances
Range, Refrigerator, Washer
Flooring
Tile, Wood
Heating
Central
Cooling
Central Air
Exterior
Private Mailbox, Sidewalk
Construction
Asbestos
Roof
Shingle
Utilities
Sewer Connected, Water Connected
Water
Public
Sewer
Public Sewer
Elementary school
Bay Haven Sch of Basics Plus Elementary
Middle school
Sarasota Middle
High school
Riverview High

Location

Stellar MLS Listing courtesy of CENTURY 21 ROSEBAY. MLS # A4669404.

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Stellar MLS

Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2026, Stellar MLS. Last updated: 2026-11-04 5:15 PM EST.