$4,950,000
1122 Crescent Street
Sarasota, FL 34242
Listing updated: May 22, 2026 at 8:55 PM ET
Listing courtesy of Kona Realty · Vlado Konatar · MLS #A4694114 · Active · 941-718-8293Property type
Lot size
Price / sq ft
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.
Local Insight
At $4.95M for a half-acre waterfront lot in an AE flood zone, you're paying premium prices for location and water access, but you'll need to factor in serious flood insurance costs and likely elevation requirements that will significantly impact construction budgeting. The lack of HOA is a plus for flexibility, but the flood designation means this isn't a straightforward build—confirm what the actual buildable footprint is after accounting for flood mitigation before committing, since your real construction costs could easily exceed typical comps for the area.
AI-generated insight based on listing data and neighborhood context. Verify independently.
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 history0 days on market
- Status: ActiveMay 22, 2026
- Listed$4,950,000May 22, 2026
- Price increased$4,950,000
Facts & features
- Property type
- Land
- Status
- Active
- Days on market
- 0
- 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
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
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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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 May 22, 2026 at 8:55 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