711 N Orange AvenueNew Construction Home in Sarasota, FL
Sarasota, FL 34236 · Sarasota County
$3,899,000
Photos of 711 N Orange Avenue
1 / 6About this home
Pre-Construction. To be built. INVESTOR - DEVELOPER OPPORTUNITY in Rosemary District on Orange Ave! Three Lots permitted for five story, 18 unit condos. Orange Ave is a thriving corridor from Downtown to Rosemary with recently finished projects with this one to be a highlight to the street. Flanked by the Sarasota Military Academy to the North and Citrus Square to the South, this opportunity is positioned in a spectacular and convenient location. Distance to Main St - Downtown 0.4 miles Distance to Sarasota Airport (SRQ) 3.8 miles Distance to Ringling College 1.7 miles The prime benefit to buyer is “time”, team has worked for over a year and have APPROVED Civil Plans from City of Sarasota and development team is working on construction drawings to be submitted for approval, this project is 60-90 days away from shovel ready.
Home details and costs
- MLS number
- A4671980
- Property type
- Multi Family (5+)
- Build stage
- Pre-Construction
- Total under roof
- 83,000 sq ft
- Lot size
- 0.36 acres
- Subdivision
- Halls Sub James S
- HOA fee
- No HOA
- Annual property tax
- $17,139 (current assessment)
- Days on market
- 310 days
Heads up on that tax figure. On new construction, the number in the MLS is often the tax on the bare lot, not the finished home. Expect it to jump once the county reassesses with the house on it. How Florida reassesses new builds
What would this home actually cost per month?
Pre-filled with this listing's price and HOA. Adjust anything to match your situation.
Estimated monthly payment
$29,682
$389,900 down (10%) on a $3,509,100 loan
- Principal and interest
- $22,180
- Property tax (estimated)
- $5,774
- Homeowners insurance
- $267
- PMI (under 20% down)
- $1,462
CDD defaults to zero, and that is often wrong.Many Tampa Bay new-construction communities carry a Community Development District assessment of roughly $1,500 to $3,000 a year on top of HOA, and it is rarely included in a builder's payment estimate. Ask whether this address is in a CDD before you budget.
The tax figure in the MLS looks like a bare-lot assessment. It lists $17,139 a year, while taxing this purchase price works out closer to $69,282. On new construction the county reassesses once the house is finished, so budget from the higher number.
Estimates only. Actual taxes, insurance, and assessments vary by address and change year to year.
Get the real numbers on this homeWhat is negotiable on this home?
This listing shows real leverage signals. Here is what its own numbers say.
On the market 310 daysStrong signal
Past six months on a finished home means the builder has been carrying taxes, insurance, and interest on it the whole time. That cost is real and it is why concessions get easier the longer a home sits.
Pre-constructionContext
Nothing is built yet, so there are no carrying costs pressuring the builder. The trade is that you get design-center control and first pick of lots instead.
Where builders actually give
Rarely on the published base price. It sets the comp for every unsold home behind this one, and protecting it protects their appraisals. The real room is in closing cost credits, interest rate buydowns, and upgrades moved into the base. Asking for the right one in the right order is most of the job.
Virtual tour
View the virtual tour for 711 N Orange Avenue→Other new construction homes in Sarasota
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Listed by Wagner Realty. Listing data provided courtesy of Stellar MLS via Bridge Interactive. Information is deemed reliable but not guaranteed and is provided for consumers' personal, non-commercial use. 711 N Orange Avenue, Sarasota, FL 34236 is presented by Barrett Henry, REMAX Collective. Prices, availability, and incentives change without notice.