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Geri Scheckner

geri@gerimail.com +1(941) 356-0652

$ 2,995,000

Est. payment | -/mo

7,405 Sqft Lot

Save Virtual Tour

$ 2,995,000

Est. payment | -/mo

Save Virtual Tour

7,405 Sqft Lot

Key Details

Property Type Other Types

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Golden Gate Point

MLS Listing ID A4696806

HOA Fees $20/ann

HOA Y/N Yes

Annual Recurring Fee 20.0

Annual Tax Amount $21,915

Lot Size 7,405 Sqft

Acres 0.17

Lot Dimensions 60x120

Property Sub-Type Multi Family

Source Stellar MLS

Property Description

One of the Last Remaining Legacy Properties on Golden Gate Point | Rare Trophy Ownership, Redevelopment & Strategic Hold Opportunity A truly rare offering in one of Sarasota's most exclusive and rapidly evolving luxury enclaves. With no true single-family homes currently remaining on Golden Gate Point and only a small handful of original legacy properties left, 161 Golden Gate Point represents one of the final opportunities to control a meaningful piece of “old Golden Gate” before the peninsula is fully transformed. Positioned in the heart of downtown Sarasota, across from the Ritz-Carlton and adjacent to Marina Jack, the property currently consists of a fully updated Four-unit building featuring newer central A/Cs, five-piece stainless kitchens, quartz countertops, new roof (2025), separate electrical meters, gated courtyards, hot tub, and gazebo — offering immediate usability and meaningful interim income while future plans are explored. Located within the City of Sarasota weekly vacation rental zone, this creates a rare opportunity not commonly found in downtown Sarasota — operate the property similarly to a boutique hotel. For the visionary buyer, this may represent a once-in-a-generation opportunity to create what could become Golden Gate Point's only true single-family estate — a one-of-one trophy residence in the heart of downtown Sarasota. The property also presents compelling redevelopment potential. Golden Gate Point benefits from alternative development standards intended to support a more urban, pedestrian-friendly environment, including reduced setbacks, increased building coverage allowances, and flexible dimensional standards — enhancing redevelopment possibilities in this highly sought-after peninsula location. Similar RMF-5 sites on Golden Gate Point have supported boutique luxury residential concepts, while the adjacent rear assemblage totaling approximately 21,600 SF is also available, creating a rare opportunity for a larger strategic assemblage in one of Sarasota's most supply-constrained luxury micro-markets. 161 also represents a compelling long-term hold opportunity. As Golden Gate Point continues its luxury transformation — and remaining legacy properties disappear — the opportunity to control irreplaceable downtown Sarasota land becomes increasingly rare. Just moments to Marina Jack, downtown Sarasota dining, St. Armands Circle, Lido Beach, and Sarasota's transformative bayfront destination, The Bay. Whether envisioned as: • Rare short-term rental building where you control the entire property • One of Golden Gate Point's final legacy holdings • A future one-of-one single-family estate • A boutique luxury redevelopment site • A strategic assemblage opportunity • A family office or long-term scarcity hold • Or a rare downtown Sarasota land play with meaningful interim income potential …opportunities of this nature are becoming increasingly difficult to replicate.

Location

State FL

County Sarasota

Community Golden Gate Point

Area 34236 - Sarasota

Zoning RMF5

Exterior

Utilities Available Electricity Available, Sewer Connected, Underground Utilities, Water Connected

View Y/N Yes

Water Access No

View City, Water

Building

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Schools

Elementary Schools Southside Elementary

Others

Pets Allowed Yes

Ownership Fee Simple

Monthly Total Fees $1

Acceptable Financing Cash, Conventional

Membership Fee Required Optional

Listing Terms Cash, Conventional

Special Listing Condition None

Virtual Tour https://www.youtube.com/watch?v=UQzHdSyH-LA

Listed by Amy Robinson AMY ROBINSON REAL ESTATE LLC

Nearby Locations

+1(941) 356-0652

geri@gerimail.com

5218 Station Way, Sarasota, Florida 34233, United States

161 GOLDEN GATE PT Sarasota, FL 34236

Geri Scheckner

Key Details

Location

Exterior

Building

Schools

Others

Nearby Locations

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161 GOLDEN GATE PT