Listing Summary
This exceptional 7.5± acre residential development site presents a high-yield opportunity for production homebuilders, multi-family developers, and senior housing operators.
Full Description
Prime 7.5-Acre Multi-Family Development Site For Sale | Englewood, FL
Zoned RMF-2 for Up to 67 Units or a 270-Bed Assisted Living Facility (ALF)
Core Property Specifications
| Attribute |
Detail |
| Listing Price |
$1,250,000 |
| Property Type |
Residential Development Land / Multi-Family Acreage |
| Total Lot Size |
7.5± Acres |
| Current Zoning |
RMF-2 (Residential Multi-Family 2 - Sarasota County) |
| Current Density |
Up to 67 Residential Units OR 270-Bed Assisted Living Facility |
| Future Potential Density |
Up to 97 Units via RMF-3 Rezoning |
Executive Summary: A Premier Sarasota County Development Opportunity
This exceptional 7.5± acre residential development site presents a high-yield opportunity for production homebuilders, multi-family developers, and senior housing operators. Tucked into central Englewood, Florida, the property is positioned directly along Pine Street—a vital North-South connector road linking the high-traffic corridors of Dearborn Street (16,800 VPD) and South McCall Road (34,500 VPD).
Versatile Zoning & Density Maximization
The land boasts highly coveted, in-place Residential Multi-Family 2 (RMF-2) zoning, allowing for an immediate development track without the typical delays of a comprehensive land-use change.
Advanced Density Bonuses: Forward-thinking developers can explore rezoning the parcel to RMF-3, which increases the baseline yield to 97 multi-family units. Furthermore, developers can leverage Sarasota County’s "Half Unit" calculation (applicable to units with a maximum of 750 square feet) to significantly multiply the total allowable door count, making it a lucrative site for affordable luxury apartments, build-to-rent (BTR) communities, or micro-apartments.
Strategic Location & Surrounding Market Drivers
The property is situated just south of River Road—the primary infrastructure artery connecting the coastal Englewood community directly to Interstate 75 (I-75). Located on a unique peninsula extending into Charlotte Harbor, Englewood acts as the exclusive gateway to Boca Grande, a world-famous, ultra-luxury island community renowned for its affluent demographic, historic fishing village charm, and multi-million dollar estates.
Rapid Submarket Growth & National Builders
The immediate area is experiencing a massive wave of residential capital expenditure. The subject property sits directly across from Generations Englewood (a 20± acre, 306-unit luxury apartment community featuring a 10,000 SF clubhouse).
Other major institutional residential projects transforming the immediate neighborhood include:
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Shores at Stillwater: A 255-lot single-family master-planned subdivision by Pulte Homes.
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Sandpiper Pointe: An 85-lot single-family residential community by M/I Homes.
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Wellen Park: A massive, nearby master-planned community driving regional growth.
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Lennar Communities: Including the resort-style Island Lakes at Coco Bay and Palm Lake at Coco Bay.
Unmatched Proximity to Lifestyle Amenities & Healthcare
This development site balances a private neighborhood feel with instant access to Englewood’s primary retail, medical, and recreational hubs:
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Healthcare Infrastructure: Located in close proximity to HCA Florida Englewood Hospital, providing vital medical anchoring for an Assisted Living Facility (ALF) or active adult retirement community.
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Retail & Lifestyle: Minutes from the vibrant downtown village area of Dearborn Street, major Publix-anchored shopping centers along the Highway 776 retail corridor, and the local Englewood YMCA.
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Recreation & Tourism: Just a short drive to the pristine Gulf beaches of Manasota Key, the Myakka State Forest, various championship golf courses, and Cool Today Park—the state-of-the-art Spring Training Home of the Atlanta Braves.
Demographic Snapshot: The Englewood Growth Story
Englewood is currently one of the fastest-growing submarkets along Florida's Southwest Coast, making it a low-risk, high-demand environment for new housing inventory.
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Past 5 Years: The population has surged by 12.2%.
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Next 5 Years: Demographers project an additional 8.5% population increase, driven by retirees, remote professionals, and families migrating toward Florida's Gulf Coast lifestyle.
Investment Highlights & Development Advantages
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High-Yield In-Place Zoning: 7.5± acres ready for up to 67 multi-family units or a sprawling 270-bed senior housing / ALF facility.
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Path to Up-Zoning: Clear potential to transition to RMF-3 zoning to unlock up to 97 multi-family doors.
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Sarasota County Density Incentives: Capitalize on "Half-Unit" zoning credits for maximum site yield and optimized ROI per square foot.
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Strategic Connector Road Location: Exceptional transit profile on Pine Street between Dearborn Street and South McCall Road / Highway 776.
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Surrounded by National Brands: Validated by adjacent investments from Pulte, M/I Homes, Lennar, and Kaplan Residential.
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Exceptional Quality of Life: Unrivaled access to HCA Florida Hospital, world-class beaches, eco-tourism, and major sports complexes.
Quick Glance
- Listing ID:
CL-Florida-27909
- Status:
Active
- Year Build:
N/A
- Building Size:
N/A
- Lot Size:
8 Acr