$ 38,000,000
Property Attributes
  • MLS#T3487756
  • TypeLand
  • CountySARASOTA
  • AreaNorth Port
  • NeighborhoodAcreage & Unrec
  • Zip34289
  • Style
  • Taxes$ 510
  • Price$ 38,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size514 Acres
Data Source:
Stellar MLS
Property Description

The property is located in the City of North Port in southern Sarasota County. The property contains 514± acres which includes 200+ acres of developable land and 91 acres of lakes which can also serve as retention. The North Port Gardens development order includes approved uses for multifamily, commercial, medical, office, and Industrial uses. The city has allowed these uses to be moved or adjusted with a trade-off matrix. North Port Gardens is located at the interchange of I-75 and Toledo Blade Blvd at Exit #179 in North Port Florida and at the south gateway to the city. This exit is used for West Port, Lost Lagoon Water Park, Murdock business district, Benderson's industrial development, and numerous new multifamily developments. Directly to the north and east is 2,800 acres entitled for 3,500 residential units. The Toledo Villages property is under contract with Forestar and is the lot development arm for DR Horton. The 300 acres ¼ mile to the north is entitled for 900,000 sq. feet of industrial. There are 5 lessees including one NYSE traded national user going to occupy 250,000 sq ft in November of 2024. The city of North Port is the 7th fastest growing city in the entire United States. This is one of the last remaining unimproved exit on I-75 from Naples all the way to Gainesville. The property is completely entitled and has been annexed into the City of North Port. The approved land uses are residential (1135 dwelling units), commercial (350,000 sq ft), Office (800,000 sq ft), Hotel (450 rooms) and light industrial (600,000 sq ft). Investment Highlights - Rapidly growing area of the Florida Gulf Coast - City planners and economic counsel are eager to work with developers - North ports future Job Growth over the next 10 years is Projected at 41% - Traffic count at the I-75 interchange: 60,000 Vehicles Per Day - There were over 15,000 permits in 2022 in the city of North Port. 2023 is exceeding this as of November 1, 2023.

Price History
11/27/2023 Listed $38,000,000

General Features

Sewer Public Sewer
Utilities Public
Zoning PCDN
Tax Year 2022
Current Use Unimproved
Percent Ownership Co-op
Additional Parcels Description 1093001000
County Sarasota
Property Type Land
Subdivision Name ACREAGE & UNREC
Status Active
Directions North Port Gardens is located at the interchange of I-75 and Toledo Blade Blvd at Exit #179 in North Port Florida
ModificationTimestamp 2024-06-09T01:56:07.637Z
Buyer Agent Compensation 2%
View Y/N No
MLS Area 34289 - North Port
Lot Size Units Acres
Lot Size Square Feet 21555412
Waterfront Y/N No
Tax Annual Amount 510.28
Additional Parcels Y/N Yes
Virtual Tour
Days on Market 186
AssociationName2 North Port Gardens
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Legal Description PORTION OF S 1/2 OF SEC 6-39-22,DESC AS BEG AT SW COR OF SAID SEC 6,TH N-00-30-07-E 56.50 FT TH N-42-23-13-E 2975.77 FT TH S-88-26-46-E 2676.20 FT TH S-44-53-43-E 889.05 FT TH S-00-44-41-W 1812.32
Water View Lake
Water Access Y/N No
Water View Y/N Yes
Flood Zone Code AE

Exterior Features

Water Source Public
Lot Size Area 494.8442
Lot Dimensions 1320 x 2640
Lot Size Acres 514
Road Surface Type Unimproved
Number of Lots 2


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 34289

AVG $4.36M
AVG $2,371
AVG 551
Data Provided by Inside Real Estate®

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