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For sale
  • Price cut: $10K (10/23)
    $240,000

    5106 S Lockwood Ridge Rd, Sarasota, FL 34231

    2beds
    520sqft
    : 
    Single Family Residence
    Built in 1956
    0.28 Acres Lot
    $-- Zestimate®
    $462/sqft
    $-- HOA

    What's special

    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.
    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#: N6138685MLS LogoOriginating MLS: Sarasota - Manatee

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    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
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    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
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    Estimated market value

    Not available

    Estimated sales range

    Not available

    Not available

    Price history

    Price history
    DateEventPrice
    10/23/2025Price change$240,000-4%$462/sqft
    Source: Stellar MLS #N6138685 Report a problem
    7/29/2025Listed for sale$250,000$481/sqft
    Source: Stellar MLS #N6138685 Report a problem
    7/3/2025Pending sale$250,000$481/sqft
    Source: Stellar MLS #N6138685 Report a problem
    6/12/2025Price change$250,000-21.8%$481/sqft
    Source: Stellar MLS #N6138685 Report a problem
    6/7/2025Listed for sale$319,500$614/sqft
    Source: Stellar MLS #N6138685 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax 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
      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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