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$4,950,000

1122 Crescent Street

Sarasota, FL 34242

Listing updated: July 22, 2026 at 7:21 PM ET

Active

Listing courtesy of Kona Realty · Vlado Konatar · MLS #A4694114 · Active · 941-718-8293

Baths

0.53

Acres

◆Waterfront◆$214/sqft

Land

Property type

23,086 sqft

Lot size

$214

Price / sq ft

No HOA

HOA dues

Days on market

Flood zone

About this home

Rare developer opportunity on Siesta Key. This vacant parcel, zoned RMF-1 (Residential Multi-Family), sits on two lots totaling approximately 23,206 sq ft and comes with two professionally designed build options. Option one allows one single-family home and one duplex, each with private pools, covered outdoor living, and 3-car or 4-car garages. Option two features a stunning 3-story boutique condo complex with a resort-style courtyard pool, private cabanas, spacious balconies, and lush tropical landscaping. Additional information and architectural plans for both options are available upon request, please contact the Listing Agent. Located in the sought-after Point of Rocks Terrace neighborhood, just minutes from world-famous Siesta Key Beach — consistently ranked among the best beaches in the country. This is a rare chance to build on one of Florida's most coveted barrier islands.

Estimated monthly payment

Principal & interest$25,030

Property taxes$1,723

Home insurance (est.)$2,269

Down payment

20%

$990,000 downRate

6.5%

Term

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 history61 days on market

Status: Active
May 22, 2026
Listed$4,950,000
May 22, 2026
Price increased$4,950,000

Facts & features

Property type: Land
Status: Active
Days on market: 61
Subdivision: Point Of Rocks Terrace Add
County: Sarasota
Price/sq ft: $214
Lot size: 23,086 sq ft
Lot category: 1/2 to less than 1
Flood zone: AE
Annual taxes: $20,680 (2025)
Parcel #: 0108170008
Zoning: RMF1
MLS #: A4694114

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Interior Details

Direction faces: North

HOA & Financial

Total monthly fees: $0/mo
Total annual fees: $0
CDD: No
Listing terms: Cash
Ownership: Fee Simple

Exterior & Construction

Waterfront: Yes
Road surface: Asphalt

Utilities

Sewer: Public Sewer
Water source: Public
Utilities: Public, Water Connected

Community

Pets allowed: Yes

Schools

ElementaryPhillippi Shores ElementaryGreatSchools ↗

MiddleBrookside MiddleGreatSchools ↗

High SchoolSarasota HighGreatSchools ↗

Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.

Listing Details

Listing date: 2026-05-15
On market date: 2026-05-22
Original list price: $4,950,000
MLS area: 34242 - Sarasota/Crescent Beach/Siesta Key
Listing AOR: Sarasota - Manatee
Status changed: 2026-05-22
Tax legal description: LOT 6 POINT OF ROCKS TERRACE ADD

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

From Downtown Sarasota: Head south on US-41 (Tamiami Trail) Turn right onto Stickney Point Rd (heading west toward the key) Cross the Stickney Point Bridge onto Siesta Key Turn right onto Midnight Pass Rd heading south Turn right onto Crescent St 1122 Crescent St will be on your left From I-75: Take Exit 205 for Clark Rd heading west Continue west on Clark Rd until it becomes Stickney Point Rd Cross the Stickney Point Bridge onto Siesta Key Turn right onto Midnight Pass Rd heading south Turn right onto Crescent St 1122 Crescent St will be on your left

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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 July 22, 2026 at 7:21 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.

All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.

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