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$675,000
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Property Description
Approximately 1.7 acres of undeveloped land offering residential development potential in Sarasota's Newtown area. Zoned RMF-2 with a stated density of up to nine units per acre, the property may accommodate approximately 15 residential units, subject to site design and governmental approvals. The site offers 265' of frontage along Leonard Reid Avenue and is located one block east of US-301, approximately 2.5 miles from downtown Sarasota and 3 miles from Sarasota-Bradenton International Airport. Dreamers Academy is directly across the street, with Booker Middle School nearby. Potential uses include a small townhome or multifamily community, while a childcare or adult daycare facility may be considered through the special-exception process. A Phase I Environmental Site Assessment has been completed. The planned Legacy Trail expansion is expected to extend behind the property. Buyers are responsible for independently verifying zoning, allowable uses, density, utilities, access, development requirements and final unit yield.
Full Property Details
Full Property Details for Leonard Reid Ave
General
- Price: $675,000
- Taxes: $3,643 (2024)
- Status: Active
- Type: Lots/Land
- Source: MidFloridaRegionalMLS
- MLS ID: A4672595
- Updated: 8/21/2026
- Added to Site: 286 day(s) ago
Location
- Area: 34234 - Sarasota
- County: Sarasota
- Development Name: 34234 - Sarasota
- Subdivision: NEWTOWN FARMS
- Driving Directions: From US 301 & Dr Martin Luther King Jr Way, head North on US-301. Right on Myrtle St. Right on Leonard Reid Ave. Parcel is on your left past the 2 churches.
School Information
- Elementary School: Gocio Elementary
- Middle School: Booker Middle
- High School: Booker High
Community
- Community Name: 34234 - Sarasota
Utilities
- Sewer: None
- Water: None
- Utility Description: Electrical Nearby
Lot Features
- Lot Size (Acres): 1.7
- Lot Size (Sq. Ft.): 74,052
- Lot Size: 1.7
- Lot Dimensions: 266 x 311 x 218 x 364
- Street/Road Desc.: Paved
Financial Considerations
- Price Per Acre: $397,059
- Tax Amount: $3,643.61
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: N 285.5 FT OF LOT 13 NEWTOWN FARMS
- Flood Zone Info: AE
- APN: 28040032
- Property ID: 28040032
Listed by Loyd Robbins & Co. Llc
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Price & Sales History for Leonard Reid Ave
Date
Details
Price
Change
Source
8/21/2026
Price Reduced
$675,000
-3.43%
MLS
11/19/2025
Listed
$699,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for Leonard Reid Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$27
-68%
$2,800
—
2024
$84
-1%
$2,800
—
2023
$85
-19%
$2,800
-44%
2021
$105
24%
$5,000
35%
2022
$85
-19%
$3,700
9%
2021
$105
50%
$3,400
243%
2019
$70
—
$990
10%
2018
$70
—
$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 Leonard Reid Ave
Leonard Reid Avenue, Sarasota, FL 34234 (MLS# A4672595) is a Lots/Land property with a lot size of 1.7 acres. Leonard Reid Avenue is currently listed for $675,000 and was received on November 19, 2025. Want to learn more about Leonard Reid Avenue? Do you have questions about finding other Lots/Land real estate for sale in Sarasota? You can browse all Sarasota real estate or contact a Coldwell Banker agent to request more information.

