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115 Lots N Hawaii Drive
Sarasota, FL 34241
Listed by: Real Estate Stars International Llc, (727) 283-9977
MLS: mfrmls
Est. Mortgage

1 to 115 Residential Building Lots in the newest phase of Lake Sarasota Estates Subdivision. Lots have already been platted and have individual Parcel#s Lots can be purchased by Developer for 100k each x 115 lots. Development Cost of 2 bridges streets & utilities may be 100k per lot. Total Developer investment is 200k per lot and we have builders ready to commit to buying all 115 lots at 250k per lot, or you Option 1 - Be the Developer. Buy the lots for 100k each, Develop the lots with streets & utilities etc for 100k each. Sell lots for 250k+ each. Option 2 - JV with the Land Owner. You only pay 100k per lot for development costs. He puts land up. 50/50 JV. Sell lots for 250k+ each Option 3 - Be the Developer & Builder. Earn profits from the lot sales and profits from new home construction. Access to this land can come from Jarvis Rd. and from Kahana Dr. which are both located in the existing Sarasota Lakes Subdivision. 2 Bridges will need to be constructed over the creek to install roads and utilities to these lots. Projected Sales Price for New Homes on these lots will be 1million plus with lots being sold in the 250k range.

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