
$7,499,000
505 Luminary Boulevard
Osprey, FL 34229
Listing updated: August 28, 2025 at 2:33 PM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
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
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
- Status: ActiveJul 10, 2024
- Listed$7,499,000Jul 10, 2024
- 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
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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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.
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