LEONARD REID AVENUE, SARASOTA, FL, 34234
Active325 days on marketListed Nov 19, 2025MLS #A4672595
About this home
LEONARD REID AVENUE
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.
Facts & features
The home at a glance
1.7 ac
Lot size
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$3,926 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$3,926/mo
Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Where it sits
Inside Newtown Farms
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Sarasota. See the full Sarasota guide →
Newtown Farms — neighborhood snapshot
Population
755
Median age
56
Median income
$50,342
Median home value
$159,628
Avg household
2
Households w/ children
60%
For the school run
Sarasota County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Sarasota market
$475K → $493K
Sarasota median sold, yr/yr
95.2%
Sale-to-list ratio (12 mo)
Median sold price, Sarasota, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 140% above the SARASOTA 34234 median. See the full Sarasota market guide →
Paper trail
This home's history
Reality check
What actually sold near LEONARD REID AVENUE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Nov ’25$70,000
2632 HIDDEN LAKE DRIVE N UNIT E
0 bd · 1 ba · 523 sqft · $134/sqft · 230 DOM
Sold · Mar ’26$55,000
2701 HIDDEN LAKE DRIVE N UNIT E
0 bd · 1 ba · 601 sqft · $92/sqft · 16 DOM
Sold · Apr ’26$560,000
750 N TAMIAMI TRAIL UNIT 1005
1 bd · 1 ba · 695 sqft · $806/sqft · 93 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Elizabeth Elliott
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about LEONARD REID AVENUE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for LEONARD REID AVENUE — before you fall in love.
See it in person
Schedule a tour
Live availability from Elizabeth's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
LEONARD REID AVENUE FAQs
What would the monthly payment be for LEONARD REID AVENUE?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $3,926/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on LEONARD REID AVENUE?+
The most recent tax bill on record (2024) was $3,644. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
How does the price compare to other homes in Sarasota?+
At $600,000, this home is listed about 9% above the Sarasota median of $550,000. The market section on this page shows how the area is trending.
Which schools are assigned to LEONARD REID AVENUE?+
Booker Middle School (middle), Emma E. Booker Elementary School (elementary), Sarasota High School (high) — Sarasota County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Positioned at the premium end
$600,000 runs 140% above the SARASOTA 34234 median.
02Time on market is leverage
325 days on market against a Sarasota median of 85 — sellers in this position are usually ready to negotiate.
03The price has already moved
Listed at $699,000, now $600,000 — a $99K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of LOYD ROBBINS & CO. LLC · Jessica Burdick. MLS #A4672595.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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