Date
Details
Price
Change
Source
2/24/2026
Listed
$5,900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
Large parcel in the heart of dowtown, with 15 on site parking paces (incredibly rare) and a city parking garage directly across the street. The 13,000 SF building has been gutted and is ready to be finished off or re developed. Zoning is DTC (Downtown Core) allowing 10 stories at 50 units per acre or 18 residential units. Density Bonus: The City of Sarasota, to encourage Attainable Housing, has created an Attainable Housing Density Bonus" AHDB" entitlement option for DTC, DTB and DTE zoned properties. The AHDB offers up to 4-times the entitled residential density provided 15% of the "bonus" units are "attainable". Base residential density for the subject is 18-units; under the AHDB the subject is entitled to 72-units provided 8-units "attainable" and 64 may be market rate. "Attainable" is defined that rent or sales price does not exceed 30% of the AMI (area medium income). Currently AMI for the City of Sarasota is approximately $80,000 per year.
Full Property Details
Full Property Details for 1565 State St
General
- Price: $5,900,000
- Taxes: $42,149 (2025)
- Status: Active
- Type: Commercial
- Source: MidFloridaRegionalMLS
- MLS ID: A4683759
- Updated: 2/24/2026
- Added to Site: 1 day(s) ago
Location
- Area: 34236 - Sarasota
- County: Sarasota
- Development Name: 34236 - Sarasota
- Subdivision: PLAT OF SARASOTA EXHIBIT
- Driving Directions: Ringling to state street
Community
- Community Name: 34236 - Sarasota
- Management Type: Owner Manager
- Mgmt. Company: Owner Manager
Heating & Cooling
- Cooling Type: Other
Structural Information
- # Buildings: 1
- Exterior Const.: Block, Brick
- Ceiling Height: Varied
- Square Feet: 12,626
- Sq. Ft. Source: Public Records
- Year Built: 1921
Lot Features
- Lot Size (Acres): 0.36
- Lot Size (Sq. Ft.): 15,750
- Lot Size: 15750
- Frontage: Alley, City Street
- Street/Road Desc.: Asphalt
Financial Considerations
- Tax Amount: $42,149.19
- Tax Year: 2025
Disclosures and Reports
- Ownership: Corporation
- Special Conditions: None
- Legal Description: LOTS 16, 18 & 20, BLK 5, PLAT OF SARASOTA
- Flood Zone Info: X
- APN: 2027030104
- Property ID: 2027030104
- Block/Lot/Section: 5
Listed by Re/Max Alliance Group
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Listing agents
— 1565 State St —
Re/Max Alliance Group
Re/Max Alliance Group
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 1565 State St
School District:Sarasota County School District
| Name | Grades | Distance |
|---|---|---|
Southside Elementary School, Sarasota, FL 1901 Webber Street, Sarasota, FL 34239 | PK-5 | 1.9 mi |
Booker Middle School 2250 Myrtle Street, Sarasota, FL 34234 | 6-8 | 2.4 mi |
Sarasota High School 2155 Bahia Vista Street, Sarasota, FL 34239 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1565 State St
Tax History
Tax History for 1565 State St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$37,884
-8%
$2,244,100
—
2024
$41,199
-1%
$2,250,100
-2%
2023
$41,788
7%
$2,299,800
11%
2021
$39,194
-2%
$2,072,200
-5%
2022
$39,892
2%
$2,187,000
-4%
2021
$39,194
1297%
$2,269,800
6%
2019
$2,806
1%
$2,143,296
10%
2018
$2,786
—
$1,948,451
3%
2017
$2,786
28%
$1,899,500
7%
2016
$2,169
—
$1,768,400
21%
2015
$2,169
—
$1,463,900
5%
2014
$2,169
—
$1,397,200
-3%
2013
$2,169
—
$1,446,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1565 State St
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- Condo
- Active
- Updated 2 days ago
- 2Beds
- 3Total Baths
- 2,380Sq. Ft.
Listed by Cindy Schatzle (941) 587-7556
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 3Total Baths
- 3,023Sq. Ft.
- Condo
- Active
- Updated 1 day ago
- 2Beds
- 2Total Baths
- 1,503Sq. Ft.
Listed by Pettingell Professionals (941) 383-6411
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- Condo
- Active
- Updated 5 days ago
- 2Beds
- 2Total Baths
- 1,290Sq. Ft.
Listed by Pettingell Professionals (941) 383-6411
- Condo
- Active
- Updated 2 days ago
- 3Beds
- 3Total Baths
- 1,823Sq. Ft.
Listed by Pettingell Professionals (941) 383-6411
- Condo
- Active
- Updated 4 days ago
- 2Beds
- 2Total Baths
- 1,152Sq. Ft.
Listed by The VanDuren Group (941) 383-6411
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- Condo
- Closed
- 3Beds
- 4Total Baths
- 2,832Sq. Ft.
Listed by Coldwell Banker Realty
Sold by Robert Robinson
Sold by Robert Robinson
- Single Family
- Closed
- 4Beds
- 7Total Baths
- 4,594Sq. Ft.
Listed by Hb Realty Group Inc.
Sold by Lpt Realty, Llc
Sold by Lpt Realty, Llc
- Single Family
- Closed
- 3Beds
- 5Total Baths
- 4,144Sq. Ft.
Listed by Pettingell Professionals
Sold by Michael Saunders & Company
Sold by Michael Saunders & Company
- Single Family
- Closed
- 5Beds
- 7Total Baths
- 5,892Sq. Ft.
Listed by Michael Saunders & Company
Sold by Michael Saunders & Company
Sold by Michael Saunders & Company
1565 State Street, Sarasota, FL 34236 (MLS# A4683759) is a Commercial property. 1565 State Street is currently listed for $5,900,000 and was received on February 24, 2026. Want to learn more about 1565 State Street? Do you have questions about finding other Commercial real estate for sale in Sarasota? You can browse all Sarasota real estate or contact a Coldwell Banker agent to request more information.