Prime 7.5-Acre Multi-Family Development Site For Sale | Englewood, FL

Zoned RMF-2 for Up to 67 Units or a 270-Bed Assisted Living Facility (ALF)

Core Property Specifications

Executive Summary: A Premier Sarasota County Development Opportunity

This exceptional 7.5± acre residential development site presents a high-yield opportunity for production homebuilders, multi-family developers, and senior housing operators. Tucked into central Englewood, Florida, the property is positioned directly along Pine Street—a vital North-South connector road linking the high-traffic corridors of Dearborn Street (16,800 VPD) and South McCall Road (34,500 VPD).

Versatile Zoning & Density Maximization

The land boasts highly coveted, in-place Residential Multi-Family 2 (RMF-2) zoning, allowing for an immediate development track without the typical delays of a comprehensive land-use change.

Advanced Density Bonuses: Forward-thinking developers can explore rezoning the parcel to RMF-3, which increases the baseline yield to 97 multi-family units. Furthermore, developers can leverage Sarasota County’s "Half Unit" calculation (applicable to units with a maximum of 750 square feet) to significantly multiply the total allowable door count, making it a lucrative site for affordable luxury apartments, build-to-rent (BTR) communities, or micro-apartments.

Strategic Location & Surrounding Market Drivers

The property is situated just south of River Road—the primary infrastructure artery connecting the coastal Englewood community directly to Interstate 75 (I-75). Located on a unique peninsula extending into Charlotte Harbor, Englewood acts as the exclusive gateway to Boca Grande, a world-famous, ultra-luxury island community renowned for its affluent demographic, historic fishing village charm, and multi-million dollar estates.

Rapid Submarket Growth & National Builders

The immediate area is experiencing a massive wave of residential capital expenditure. The subject property sits directly across from Generations Englewood (a 20± acre, 306-unit luxury apartment community featuring a 10,000 SF clubhouse).

Other major institutional residential projects transforming the immediate neighborhood include:

• Shores at Stillwater: A 255-lot single-family master-planned subdivision by Pulte Homes.

• Sandpiper Pointe: An 85-lot single-family residential community by M/I Homes.

• Wellen Park: A massive, nearby master-planned community driving regional growth.

• Lennar Communities: Including the resort-style Island Lakes at Coco Bay and Palm Lake at Coco Bay.

Unmatched Proximity to Lifestyle Amenities & Healthcare

This development site balances a private neighborhood feel with instant access to Englewood’s primary retail, medical, and recreational hubs:

• Healthcare Infrastructure: Located in close proximity to HCA Florida Englewood Hospital, providing vital medical anchoring for an Assisted Living Facility (ALF) or active adult retirement community.

• Retail & Lifestyle: Minutes from the vibrant downtown village area of Dearborn Street, major Publix-anchored shopping centers along the Highway 776 retail corridor, and the local Englewood YMCA.

• Recreation & Tourism: Just a short drive to the pristine Gulf beaches of Manasota Key, the Myakka State Forest, various championship golf courses, and Cool Today Park—the state-of-the-art Spring Training Home of the Atlanta Braves.

Demographic Snapshot: The Englewood Growth Story

Englewood is currently one of the fastest-growing submarkets along Florida's Southwest Coast, making it a low-risk, high-demand environment for new housing inventory.

• Past 5 Years: The population has surged by 12.2%.

• Next 5 Years: Demographers project an additional 8.5% population increase, driven by retirees, remote professionals, and families migrating toward Florida's Gulf Coast lifestyle.

Investment Highlights & Development Advantages

• High-Yield In-Place Zoning: 7.5± acres ready for up to 67 multi-family units or a sprawling 270-bed senior housing / ALF facility.

• Path to Up-Zoning: Clear potential to transition to RMF-3 zoning to unlock up to 97 multi-family doors.

• Sarasota County Density Incentives: Capitalize on "Half-Unit" zoning credits for maximum site yield and optimized ROI per square foot.

• Strategic Connector Road Location: Exceptional transit profile on Pine Street between Dearborn Street and South McCall Road / Highway 776.

• Surrounded by National Brands: Validated by adjacent investments from Pulte, M/I Homes, Lennar, and Kaplan Residential.

• Exceptional Quality of Life: Unrivaled access to HCA Florida Hospital, world-class beaches, eco-tourism, and major sports complexes.