505 Luminary Boulevard, FL
Stellar MLS

$7,499,000

505 Luminary Boulevard

Osprey, FL 34229

Listing updated: August 28, 2025 at 2:33 PM ET

Active
0
Baths
4,000
Sq Ft
10.01
Acres
2015
Built
10.01 acres$1,875/sqft360° tour
Office

Property type

2015

Year built

435,904 sqft

Lot size

$1,875

Price / sq ft

No HOA

HOA dues

414

Days on market

AE

Flood zone

About this home

Property Type: Commercial Land with Existing Office Building Property Size: 10 Acres Discover this exceptional opportunity with over 900 feet of frontage on Tamiami Trail/US41 in Osprey, FL! This is one of the last substantial parcels available in Sarasota County with a Tamiami address. Positioned directly in the path of progress, this 10-acre parcel is ready for development with all entitlements in place. Property Features: Existing Office Building: 4,000 SF Freestanding Office Building with water, sewer, and electricity Development Potential: Density for Assisted Living Facility/Memory Care at 9 units to an acre Office Space Allowable: Up to 46,000 SF of office space Prime Location: Directly across from the new Publix and adjacent to massive new developments, including shopping plazas, restaurants, apartments/condos, and single-family homes Infrastructure: Electric, water, and sewer in place, making the property shovel-ready Accessibility: Easy access to Tamiami Trail from both ends of the property with simple median cuts at Southbay Drive/Luminary Blvd Strategic Positioning: Located at the northeast side of the intersection of Luminary Blvd and Tamiami Trail in Osprey, FL

Estimated monthly payment

Principal & interest$37,919
Property taxes$2,004
Home insurance (est.)$3,437

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history414 days on market

  1. Status: Active
    Jul 10, 2024
  2. Listed$7,499,000
    Jul 10, 2024
  3. Price increased$7,499,000

Facts & features

Property type
Commercial Sale
Sub type
Office
Status
Active
Days on market
414
County
Sarasota
Year built
2015
Living area
4,000 sq ft
Price/sq ft
$1,875
Lot size
435,904 sq ft
Lot category
10 to less than 20
Flood zone
AE
Annual taxes
$24,046 (2023)
Parcel #
0155130024
Zoning
OPI
MLS #
A4616676

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Heating & Cooling

Cooling
None

HOA & Financial

Total monthly fees
$0/mo
Total annual fees
$0
Ownership
Sole Proprietor

Exterior & Construction

Construction materials
Concrete
Foundation
Block
Road surface
Asphalt

Listing Details

Listing date
2024-07-10
On market date
2024-07-10
Original list price
$7,499,000
MLS area
34229 - Osprey
Listing AOR
Sarasota - Manatee
Status changed
2024-07-10
Tax legal description
BEG AT INTRS OF NLY LINE OF S 1/2 OF SW 1/4 OF NW 1/4 OF SECTION 14-18-38 & ELY R/W LINE OF TAMIAMI TRL FOR POB TH E S-89-45-17-E 729.09 FT TH S-05-40-19-W 501.15 FT TH SWLY ALG CURVE TO LEFT

Flood risk

High riskFEMA Zone AE

FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

Directions

Just off US41 in Osprey, at the corner of Luminary Blvd and US41

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MLS GRID

Listings courtesy of Stellar MLS as distributed by MLS GRID

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the MLS GRID as of August 28, 2025 at 2:33 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA