About 5106 S Lockwood Ridge Road
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.
Features of 5106 S Lockwood Ridge Road
| MLS® # | N6139377 |
|---|---|
| Price | $240,000 |
| Acres | 0.28 |
| Type | Land |
| Sub-Type | Land |
| Status | Active |
Listing Details
| Office | KELLER WILLIAMS ON THE WATER S |
|---|
Listing Map
Neighborhood Information for 5106 S Lockwood Ridge Road
Stable Population, Moderate Residential Turnover, Coastal Area
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Suncoast Polytechnical High School Public - 9Th Grade to 12Th Grade - Closest High School |
1 Miles | |
|
Suncoast Technical College Public - to |
1 Miles | |
|
|
Sarasota Virtual Academy (Virtual Franchise) Public - 9Th Grade to - Closest Middle School |
1 Miles | |
|
Riverview High School Public - 9Th Grade to 12Th Grade |
1 Miles | |
|
Wilkinson Elementary School Public - Preschool to 5Th Grade - Closest Elementry School |
1 Miles | |
|
Triad Public - 6Th Grade to 12Th Grade |
1 Miles | |
|
|
Gulf Gate Elementary School Public - Preschool to 5Th Grade |
1 Miles |
School data provided by GreatSchools