5106 S Lockwood Ridge Road, Sarasota, FL 34231

Local realty services provided by:Better Homes and Gardens Real Estate Lifestyles Realty
5106 S Lockwood Ridge Road,Sarasota, FL 34231
$240,000
Virtual Tour
  • 0.28 Acres
  • Lots / Land
  • Active
Listed by: patrick brogley
Office: keller williams on the water s
MLS#:N6139377
Source:MFRMLS

Price summary

  • Price:$240,000

About this home

Situated in the heart of Sarasota, this exceptional 12,177 square foot corner lot presents a rare and highly valuable opportunity for investors, developers, and builders. The potential to develop brand-new homes in one of Sarasota’s most desirable and fast-growing areas makes this a prime investment with significant upside. While the existing 520-square-foot structure currently occupies the property, the true value lies in the land and its future development potential. The expansive size and strategic location provide flexibility in design and layout, creating the perfect foundation for high-quality new builds that will appeal to today’s buyers seeking modern homes in a well-connected neighborhood. In addition to building a brand-new single-family home, the buyer can also create an accessory dwelling unit (ADU) of up to 750 square feet—offering even more potential for income or multigenerational living. Located directly across from Red Bug Slough Preserve, the property offers both

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Home facts

  • Listing ID #:N6139377
  • Added:124 day(s) ago
  • Updated:November 15, 2025 at 01:19 PM

Structure and exterior

  • Lot area:0.28 Acres

Schools

  • High school:Riverview High
  • Middle school:Brookside Middle
  • Elementary school:Wilkinson Elementary

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$240,000
  • Tax amount:$926 (2024)
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