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50 W BAY STREET
OSPREY, FL 34229

$3,680,000

Beds: 7
Baths: 7
Sq. Ft.: 6,659
Type: Single Family Home
Listing #A4191996
Discover a once-in-a-lifetime opportunity to RESTORE, BUILD, or DEVELOP on 3.68 acres directly on Sarasota Bay in scenic, historic Osprey just south of The Oaks. Dating back to the late 1800's and known as one of the first properties to be settled, this sweeping site captures a true sense of Old Florida, while offering exciting new possibilities. The options include the creation of a dream principal estate compound to restore the existing homes or to build new. Alternatively, a buyer can opt to develop an enclave of homes, with approval in place to build on 13 individual lots with boat docks already permitted for each site, as well as 10 acres of submerged land on this astounding waterfront location. Osprey, positioned between the world-class destinations of Sarasota and Venice, is the best of both worlds with a small town feeling with tree-lined streets that end with glimpses of Sarasota Bay, and is minutes from vibrant shops, restaurants, arts and culture of downtown Sarasota. This remarkable waterfront property invites you to become the next chapter of its history.
Property Features
Location Information
County: Sarasota
MLS Area: Osprey
Latitude: 27.196439
Longitude: -82.492374
SW Subdivision Community Name: Not Applicable
Subdivision: SAUNDERS V A RESUB
Location: Corner Lot, Flood Zone, Level, Lot - Oversized, Street Dead-End, Street Paved
Directions: Tamiami Trail - West on Webb - Left on Pine - Right on Bay
Interior Features
Interior: Washer/Dryer Hookup
Full Baths: 7
Has Fireplace: yes
Fireplace Description: Family Room, Wood Burning Fireplace
Heat/Cool: Central
Cooling: Central
Floors: Wood
Appliances: None
Exterior Features
Water View: Bay/Harbor - Full
Stories: Two story
Is New Construction: No
Construction: Block
Exterior: Barn, Detached In-Law Suite, Fenced, Fruit Trees, Mature Landscaping, Sliding Doors, Trees/Landscaped
Foundation: Slab
Roof: Metal
Minimum Age for Community: N/A
Utilities: Electric, Public Utilities, Sprinkler Well
Parking Description: None
Garage/Carport: None
Has a Pool: yes
Pool Description: Heated Spa, Inside
Lot Description: Two + to Five Acres
Lot Number: 1-10
Lot Size in Acres: 3.68
Lot Size in Sq. Ft.: 160, 358
Lot Dimensions: 564x283
Possible Best Use: Single Family Home
Zoning: RSF3
Water Body: SARASOTA BAY
Water Frontage: 290
Waterfront Description: Bay/Harbor
Has Waterfront: yes
Water Access: Bay/Harbor
Additional Information
Property Type: SFR
Property SubType: Single Family Home
Year Built: 1917
Status: Active
Pets: Allowed


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List Price:
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Seller's Representative:
Michael Saunders & Company
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MFRMLS data last updated at November 18, 2017 7:55 AM ET