🏡 Prime Investment and Development Opportunity – 3960 Sunshine Ave, Sarasota, FL 34231

Gap Funding Requested for lot cleanup and subdivision:

  • The property and Land was acquired by HPV Investment in March, 2025

  • Seeking gap funding for demolition, tree removal, plot division and prep for development of two lots. Permitting and zoning.

  • Amount $100,000

  • Terms: 2 points and 1% per month

  • 4 months payoff (full amount, interest and points after 4 months)

  • After the subdivision, lender will have a priority and option to acquire one or two lots or contract with HPV Investment to build new construction luxury home(s) on one or both lots.

  • Contact, photos and video - scroll down

Location, Location, Location

  • Located at 3960 Sunshine Ave, Sarasota, FL 34231, this property offers a unique investment opportunity in a highly sought-after area.

  • Currently featuring a 3-bedroom, 2-bathroom single-family home spanning 1,717 sq ft, the true value lies in the expansive 0.92-acre lot.

  • The property is surrounded by luxury homes and new constructions, making it ideal for redevelopment.

  • Subdivision and Development Potential:

    • The property is undergoing a subdivision process to create two separate residential lots, each with its own Parcel Identification Number (PIN).

    • This subdivision will be completed at the end of 4 months loan, allowing investors or developers to immediately commence construction on two distinct single-family homes.

    • The site will be cleared, including tree removal, to prepare for development.

    ​

  • Market Analysis and Comparable Sales:

    The 34231 ZIP code has seen significant activity in new construction and property sales.

    Currently, there are 103 new construction homes listed for sale in this area.

    Recent sales of new construction homes in the vicinity include:

    1847 Southpointe Dr: Sold for $1.40 million, featuring 3 bedrooms, 2 bathrooms, and 2,096 sq ft.

    5430 Eagles Point Cir APT 303: Sold for $949,000, offering 3 bedrooms, 4 bathrooms, and 2,943 sq ft.


    These comparables indicate a strong market demand for new construction homes, with prices ranging from approximately $400 to over $600 per square foot, depending on the property's features and location.

    ​

Contact:

Tom ‭(941) 298-3500‬

Andy (630) 688-1029

  • Investment Opportunities (After the 4 months gap funding loan is paid off):

    This property offers flexible options for investors and developers:

    • Single Investor/Developer Purchase:

      Acquire both subdivided lots to develop two new single-family homes, maximizing potential returns.

    • Individual Lot Purchase:

      Purchase one lot to build a custom home in a prime Sarasota location.

  • Location Highlights:

    Situated west of the Trail, the property is in close proximity to Sarasota's renowned beaches, shopping districts, and cultural attractions. The area's appeal enhances the desirability and potential appreciation of the developed homes.

  • Call to Action:

    This is a premium opportunity in a rapidly developing neighborhood. Whether you're interested in building one home or two, 3960 Sunshine Ave is ready for your vision. Only serious inquiries, please. For more details or to express interest, contact us today.​

Don't worry, we can help and if you are interested in JV for building spec property on the lots, we can work with you. Plat of survey:

  • Note: All development plans should comply with Sarasota County's zoning and subdivision regulations. Prospective buyers are advised to consult with local authorities and professionals to ensure adherence to all applicable laws and guidelines.

  • Quick action is necessary - the lots will be sold within the next 2 weeks.

  • Highest offers will be confirmed and notified within 48 hours.

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Contact Us

Sylvia Nowicki - Preferred SHORE Real Estate

Address: 50 S. Lemon Ave. Ste 302

Sarasota, FL 34236

Cell: 773-732-7400

MLS# A4621946

ATTENTION: Realtors and Home Buyers in Sarasota, FL

New Construction

Luxury House

3464 Camino Real, Sarasota, FL 34239

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