Canal Rd., Sarasota, FL 34242

Rare opportunity for a buildable vacant lot on Siesta key only steps away from beautiful Siesta beach and Siesta village. Use as a single family home or maximize your income as a vacation rental (short term rentals ALLOWED) or a combination of both! Potential gross income could exceed $100,000 annually with an estimated capitalization rate of over 10% as completed. Take advantage of reasonable building costs and avoid all of the building code issues and rising insurance costs in your newly built custom island dream home built by a well respected local builder for LESS than what you would spend on an existing house! Building plans are available and final cost may vary. Room for a pool. Financing options are available through a local lender. Lot and house will require separate contracts This is a rare and unique opportunity that won’t last long.