$2,295,000
355 Shore Drive
Sarasota, FL 34234
Listing updated: June 22, 2026 at 5:34 PM ET
Property type
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Build Your Dream Home on Sarasota Bay in Sapphire Shores! Set on an expansive 0.34-acre (14,665-sq.-ft.) waterfront lot, this property presents a rare opportunity to create a custom Sarasota residence in one of the city’s most desirable West-of-Trail neighborhoods. Perfectly positioned on a protected inlet that opens directly to Sarasota Bay, this oversized homesite offers stunning water views and the ideal setting for a modern coastal estate with private dockage and outdoor living space. Nestled among multi-million-dollar properties in the sought-after Sapphire Shores community, the location captures both tranquility and convenience. Just minutes from downtown Sarasota, residents enjoy easy access to world-class dining, boutique shopping, cultural landmarks, and vibrant nightlife. Nearby attractions include The Ringling Museum of Art, Sarasota Jungle Gardens, and the Van Wezel Performing Arts Hall, while Lido Beach, Longboat Key, and St. Armands Circle are only a short drive away. Offering a coveted combination of bay proximity, generous lot size, and prime positioning within Sarasota’s prestigious museum district, this property is ready for new vision—whether you imagine a coastal contemporary retreat or timeless Sarasota modern. Opportunities of this caliber are increasingly rare in today’s market—seize the chance to build your dream home in one of Sarasota’s most storied waterfront enclaves.
Local Insight
At $157 per square foot for raw waterfront land in AE flood zone, you're paying a premium for Sarasota Bay access, but you need to factor in substantial flood insurance costs and elevation requirements that will significantly impact construction budgeting—this isn't a casual teardown-and-rebuild scenario. The 0.34-acre lot is fairly tight for waterfront, so your home footprint and setbacks will be constrained, making the actual buildable area smaller than you might initially assume.
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: ActiveJun 22, 2026
- Listed$2,295,000Jun 22, 2026
- Price increased$2,295,000
Facts & features
- Property type
- Land
- Status
- Active
- Days on market
- 0
- Subdivision
- Sapphire Shores Resub Blk M
- County
- Sarasota
- Price/sq ft
- $157
- Lot size
- 14,665 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- AE (12115C0039G)
- Annual taxes
- $9,520 (2025)
- Parcel #
- 2003160020
- Zoning
- RSF1
- MLS #
- A4697839
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Interior Details
- Direction faces
- West
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Ownership
- Fee Simple
Exterior & Construction
- Waterfront
- Yes
- Water access
- Yes
- Water view
- Yes
- Road surface
- Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Cable Available, Electricity Available, Phone Available, Sewer Connected, Water Connected
Listing Details
- Listing date
- 2026-06-22
- On market date
- 2026-06-22
- Original list price
- $2,295,000
- MLS area
- 34234 - Sarasota
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-06-22
- Tax legal description
- LOT 5 SAPPHIRE SHORES RESUB OF BLK M OR 559-42
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
US 41 north; Left onto 47th St; Right onto Bay Shore Rd; 1st left onto S. Shore Dr; House is on the right
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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 June 22, 2026 at 5:34 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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