Situated in the heart of Sarasota, this exceptional 12,177-square-foot corner lot presents a rare and highly valuable opportunity for investors, developers, and builders. Offered for land value only, the property’s existing 520-square-foot structure holds no contributory value and is ready to be replaced with a brand-new build. This prime location offers the perfect canvas for creating a modern single-family home, with the added option to include an accessory dwelling unit (ADU) of up to 750 square feet—ideal for extra income or multigenerational living. The generous lot size and strategic position allow for flexibility in design and layout, making it an ideal foundation for high-quality new construction that will appeal to today’s buyers. Located directly across from Red Bug Slough Preserve, the property offers a unique blend of urban convenience and natural beauty, with walking trails, dog paths, a tranquil lake, fishing piers, and picnic pavilions just steps away. The surrounding area is rich with amenities, including parks, schools, shopping, and dining, while world-famous Siesta Key Beach is just a 10-minute drive away. As Sarasota continues to grow in popularity for its lifestyle, culture, and coastal charm, demand for well-located buildable lots remains strong. This is a rare opportunity to secure valuable land and bring an exceptional new residential project to life in one of Florida’s most vibrant markets.
For sale
Price cut: $10K (10/23)
$240,000
5106 S Lockwood Ridge Rd, Sarasota, FL 34231
2beds
520sqft
Est.:
Single Family Residence
Built in 1956
0.28 Acres Lot
$-- Zestimate®
$462/sqft
$-- HOA
What's special
- 244 days |
- 767 |
- 28 |
Zillow last checked: 8 hours ago
Listing updated: October 23, 2025 at 06:49am
Listing Provided by:
Patrick Brogley 941-361-9031,
KELLER WILLIAMS ON THE WATER S 941-803-7522
Source: Stellar MLS,MLS#: N6138685
Originating MLS: Sarasota - Manatee

Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Features: Ceiling Fan(s), Built-in Closet
- Level: First
Bedroom 2
- Features: Ceiling Fan(s), Built-in Closet
- Level: First
Primary bathroom
- Features: Makeup/Vanity Space, Single Vanity, Tub With Shower
- Level: First
Kitchen
- Level: First
Living room
- Features: Ceiling Fan(s)
- Level: First
Heating
- Wall Units / Window Unit
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Other
- Laundry: Other
Features
- Ceiling Fan(s)
- Flooring: Laminate
- Has fireplace: No
Interior area
- Total structure area: 520
- Total interior livable area: 520 sqft
Video & virtual tour
Property
Features
- Levels: One
- Stories: 1
- Exterior features: Storage
Lot
- Size: 0.28 Acres
Details
- Additional parcels included: 0087110001
- Parcel number: 0087110001
- Zoning: RSF3
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Metal Siding
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1956
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public
Community & HOA
Community
- Subdivision: ALL STATES PARK
HOA
- Has HOA: No
- Pet fee: $0 monthly
Location
- Region: Sarasota
Financial & listing details
- Price per square foot: $462/sqft
- Tax assessed value: $55,600
- Annual tax amount: $926
- Date on market: 5/1/2025
- Cumulative days on market: 144 days
- Listing terms: Cash
- Ownership: Fee Simple
- Total actual rent: 0
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/23/2025 | Price change | $240,000-4%$462/sqft |
Source: | ||
| 7/29/2025 | Listed for sale | $250,000$481/sqft |
Source: | ||
| 7/3/2025 | Pending sale | $250,000$481/sqft |
Source: | ||
| 6/12/2025 | Price change | $250,000-21.8%$481/sqft |
Source: | ||
| 6/7/2025 | Listed for sale | $319,500$614/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2016 | $652 +0.2% | $50,384 +0.8% |
| 2015 | $650 +0.7% | $49,984 +1.5% |
| 2014 | $645 +0.2% | $49,245 +1.7% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,504/mo
Principal & interest
$1166
Property taxes
$254
Home insurance
$84
Climate risks
Neighborhood: Ridge Wood Heights
Nearby schools
GreatSchools rating
- 3/10Wilkinson Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 6/10Brookside Middle SchoolGrades: 6-8Distance: 1.9 mi
- 7/10Riverview High SchoolGrades: PK,9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Wilkinson Elementary
- Middle: Brookside Middle
- High: Riverview High
Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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