Active
$6,000,000
Est. $35,473/mo

900 N Orange Ave, Sarasota, FL, 34236

$877/sqft·Petroutsa Brothers

23 bd12 ba6,838 sqft3 car garageDuplex
Listed by COMPASS FLORIDA LLC· Last updated · MLS# A4707968

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Est. monthly payment
$35,473/mo
Down payment (20%)
$1,200,000
Property taxes
$1,181/mo
Rate assumed
6.8% · 30 yr
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At a glance

Multi-family
Built 1972
3 car garage
Other
0.31 acres
Lot size
6,838 sqft
Living area

About this home

Ceiling Fans(s)Solid Surface CountersSidewalksDisposalElectric Water Heater

900 N Orange Ave is a 1972-built home in Petroutsa Brothers Sub, Sarasota. Inside you'll find 23 bedrooms, 12 bathrooms, and 6,838 square feet of living space. Listed at $6,000,000 (about $877/sqft), 1 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

PRIME MULTIFAMILY DEVELOPMENT OPPORTUNITY IN SARASOTA’S HISTORIC DISTRICT | RESTORATION ZONE Discover a rare multifamily development opportunity in Downtown Sarasota’s Historic District, ideally positioned on a highly visible corner lot within a designated Sarasota Restoration Zone. Located just minutes from the heart of Downtown Sarasota, this property offers developers, builders, and investors the opportunity to create new construction condominiums, luxury townhomes, or a boutique multifamily residential development in one of Sarasota’s most sought-after and rapidly evolving areas. Zoned for multifamily development with potential for up to 24 residential units, this site offers exceptional flexibility for a variety of residential development concepts. The property is particularly well suited for condos, luxury townhomes, multifamily residences, or an upscale urban residential community designed to take advantage of Sarasota’s continued growth and strong demand for new housing. One of the property’s major advantages is that utilities are already on site, including water, sewer, electric, and other essential services, potentially helping reduce infrastructure costs and simplify the development process. The location provides an exceptional walkable Downtown Sarasota lifestyle, with convenient access to restaurants, cafés, shopping, entertainment, cultural attractions, art galleries, theaters, Sarasota Bay, and the vibrant downtown district. Sarasota continues to experience significant residential growth, with new construction and redevelopment transforming the surrounding area and creating increased demand for well-located multifamily housing. PROPERTY HIGHLIGHTS: Prime corner lot in Sarasota’s Historic District Located within a Sarasota Restoration Zone, Multifamily zoning, Potential for up to 24 residential units, Ideal for condominium development or luxury townhomes, Excellent opportunity for multifamily redevelopment, Water, sewer, electric and utilities already on site, Walkable to Downtown Sarasota, Close to restaurants, shopping, entertainment, arts and Sarasota Bay, Surrounded by ongoing new construction and redevelopment, Strong demand for new residential housing, High-visibility corner location, Excellent opportunity for developers, builders and investors, Potential for significant redevelopment and investment upside A rare Sarasota development opportunity in a highly desirable location. With multifamily zoning, Restoration Zone designation, utilities already on site, and the ability to potentially develop up to 24 residential units, this property offers a compelling opportunity to participate in the continued transformation and growth of Downtown Sarasota and the surrounding Historic District. Contact us today for zoning information, development details, site information, and to explore the potential of this exceptional Sarasota multifamily development site.

The essentials

Built
1972
Price / sqft
$877
On market
3 days
Annual tax
$14,171
Flood zone
X · Low risk
Lot
13,400 sqft
Type
Duplex

Location

900 N Orange Ave
Sarasota, FL, 34236·34236 - Sarasota
Type
Duplex
Year Built
1972
Lot
13,400 sqft
Cooling
Central Air
Heating
Central
Parking
Other
Days on Market
3
Ceiling Fans(s)
Solid Surface Counters
Sidewalks
Disposal
Electric Water Heater
Flood Zone X

Annual Tax (2025)

$14,171

Parcel #

2026020048

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision

Petroutsa Brothers Sub

County

Sarasota

MLS Area

34236 - Sarasota

Lot Size

13,400 sqft

Date
Event
Price
9/30/2026
Listed for sale
Source: Stellar MLS #A4707968
$6,000,000
$877/sqft
Est. monthly payment$35,473/mo
Principal & interest$31,292
Property taxes$1,181
Insurance$3,000
Down payment20% · $1,200,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Offer Insights

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List price: $6,000,000
$5.76M – $6.00M
96% – 100% of listTops out right at the list price
80% of listList price
33 of the last 65 home closings in 34236 landed at this number or higher (51%). The median one sat 94 days before it went under contract, and this one is on day 3.

Sample: 65 closed home sales in 34236 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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