900 Orange Avenue, FL
Stellar MLS
1 / 1

$6,000,000

900 Orange AvenueSarasota, FL 34236

Listing updated: October 12, 2026 at 2:03 PM ET

Active
Stellar MLSListing courtesy of Compass Florida Llc · Sandra Osorio, PA · MLS #A4707968 · Active · 941-279-3630
23
Beds
12
Baths
6,838
Sq Ft
0.85
Acres
1972
Built
◆3-car garage◆$877/sqft◆360° tour
Duplex

Property type

1972

Year built

36,800 sqft

Lot size

$877

Price / sq ft

No HOA

HOA dues

12

Days on market

3

Garage spaces

X

Flood zone

About this home

PRIME MULTIFAMILY DEVELOPMENT OPPORTUNITY IN SARASOTA’S HISTORIC DISTRICT | RESTORATION ZONE Discover a rare multifamily development opportunity in Downtown Sarasota’s Historic District, ideally positioned on a highly visible corner lot within a designated Sarasota Restoration Zone. Located just minutes from the heart of Downtown Sarasota, this property offers developers, builders, and investors the opportunity to create new construction condominiums, luxury townhomes, or a boutique multifamily residential development in one of Sarasota’s most sought-after and rapidly evolving areas. Zoned for multifamily development with potential for up to 24 residential units, this site offers exceptional flexibility for a variety of residential development concepts. The property is particularly well suited for condos, luxury townhomes, multifamily residences, or an upscale urban residential community designed to take advantage of Sarasota’s continued growth and strong demand for new housing. One of the property’s major advantages is that utilities are already on site, including water, sewer, electric, and other essential services, potentially helping reduce infrastructure costs and simplify the development process. The location provides an exceptional walkable Downtown Sarasota lifestyle, with convenient access to restaurants, cafés, shopping, entertainment, cultural attractions, art galleries, theaters, Sarasota Bay, and the vibrant downtown district. Sarasota continues to experience significant residential growth, with new construction and redevelopment transforming the surrounding area and creating increased demand for well-located multifamily housing. PROPERTY HIGHLIGHTS: Prime corner lot in Sarasota’s Historic District Located within a Sarasota Restoration Zone, Multifamily zoning, Potential for up to 24 residential units, Ideal for condominium development or luxury townhomes, Excellent opportunity for multifamily redevelopment, Water, sewer, electric and utilities already on site, Walkable to Downtown Sarasota, Close to restaurants, shopping, entertainment, arts and Sarasota Bay, Surrounded by ongoing new construction and redevelopment, Strong demand for new residential housing, High-visibility corner location, Excellent opportunity for developers, builders and investors, Potential for significant redevelopment and investment upside A rare Sarasota development opportunity in a highly desirable location. With multifamily zoning, Restoration Zone designation, utilities already on site, and the ability to potentially develop up to 24 residential units, this property offers a compelling opportunity to participate in the continued transformation and growth of Downtown Sarasota and the surrounding Historic District. Contact us today for zoning information, development details, site information, and to explore the potential of this exceptional Sarasota multifamily development site.

Estimated monthly payment

Principal & interest$30,339
Property taxes$1,181
Home insurance (est.)$2,750

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 history12 days on market

  1. Status: Active
    Sep 30, 2026
  2. Listed$6,000,000
    Sep 30, 2026

Facts & features

Property type
Residential Income
Sub type
Duplex
Status
Active
Days on market
12
Subdivision
Petroutsa Brothers Sub
County
Sarasota
Year built
1972
Living area
6,838 sq ft
Price/sq ft
$877
Building area
13,400 sq ft (Public Records)
Lot size
36,800 sq ft
Lot category
1/2 to less than 1
Flood zone
X (12115C0131G)
Garage
3 spaces
Annual taxes
$14,171 (2025)
Parcel #
2026020048
Zoning
DTE
MLS #
A4707968

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Interior Details

Bedrooms
23
Flooring
Ceramic Tile
Appliances
Disposal, Electric Water Heater
Interior features
Ceiling Fans(s), Other, Solid Surface Counters
Laundry
Other
Stories / Levels
Two

Heating & Cooling

Heating
Central
Cooling
Central Air

Parking

Garage spaces
3
Attached garage
Yes
Parking features
Other

HOA & Financial

Total monthly fees
None
Total annual fees
None
CDD
No
Listing terms
Cash, Conventional
Ownership
Fee Simple

Exterior & Construction

Exterior features
Other
Construction materials
Block
Roof
Shingle
Foundation
Other
Road surface
Asphalt

Utilities

Sewer
Public Sewer
Water source
Public
Utilities
Electricity Connected, Sewer Connected, Water Connected

Listing Details

Listing date
2026-09-30
On market date
2026-09-30
Original list price
$6,000,000
MLS area
34236 - Sarasota
Listing AOR
Sarasota - Manatee
Status changed
2026-09-30
Tax legal description
LOTS 3 & 4 BLK B PETROUTSA BROTHERS SUB

Flood risk

Minimal riskFEMA Zone XPanel 12115C0131G

Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.

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

Location

Directions

From Fruitville : 1.-North on Orange Ave, 2.-On right at corner of Orange Ave, and 9th Street.

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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 October 12, 2026 at 2:03 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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