1565 State St

Sarasota, FL 34236

$5,900,000
Price
—
Beds
—
Baths
12,626 Sq. Ft.
$467 / Sq. Ft.
12,626
Sq. Ft.
$467
per Sq. Ft.
Get preapproved with Rocket Mortgage1
a view of a chair and tables in the patio
a view of a car parked in front of a house
a view of a cars park in front of a building
an aerial view of a house with outdoor space
a view of a city with tall buildings
a view of a balcony with city view
a view of city with ocean
an aerial view of a city

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....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.
  1. Listed by Tom Cail, PA • Brokerage DRE #1030924 • RE/MAX ALLIANCE GROUP
    P: (941)-780-2245 C: (941)-780-2245 tom@cailgrande.com
  2. Listed by Jason Grande • Brokerage DRE #1030924 • RE/MAX ALLIANCE GROUP
    P: (941)-504-6678 C: (941)-504-6678 jason@cailgrande.com

Property Details for 1565 State Street

Subdivision Name
PLAT OF SARASOTA EXHIBIT
Township
36S
Waterfront
No
LISTING UPDATED: 02/25/2026 04:55 AM

Property Details for 1565 State Street

StatusActive
MLS #A4683759
Days on Market65
Taxes$42,149 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1921
Lot Size0.36 AC / 15,750 SF
CountySarasota County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of RE/MAX ALLIANCE GROUP, Tom Cail, PA; RE/MAX ALLIANCE GROUP, Jason Grande
Add your commute

Building Information for 1565 State Street

Stories2Residences-Year Built1921Lot Size0.36 AC / 15,750 SF

Payment Calculator

Get preapproved with Rocket Mortgage1

$33,222 per month

30 year fixed, 6.46% Interest

Principal and Interest

$29,710

Property Taxes

$3,512

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 1565 State Street

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 13076.0
  • Building Area Units: Square Feet
  • Directions: Ringling to state street
  • Mls Major Change Type: New Listing
  • Major Change Type: New Listing
  • Listing Service: Full Service
  • Road Frontage Type: Alley, City Street
  • Unit Number: No
  • Street Number: 1565
  • Street Name: STATE
  • Street Suffix: STREET
  • State: FL
  • City: SARASOTA
Taxes and HOA Information
  • Condo Environment: No
  • Management: Owner Manager
  • Tax Block: 5
  • Tax Book Number: A-30
  • Tax Legal Description: LOTS 16, 18 & 20, BLK 5, PLAT OF SARASOTA
  • Tax Lot: 16
  • Tax Year: 2025
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Parcel Number: 2027030104
  • Total Acreage: 1/4 to less than 1/2
  • Total Num Buildings: 1
  • Water Access: No
  • Water Extras: No
  • Zoning: DTC
  • Living Area: 12626
Property and Assessments
  • Year Built Numeric: 1921
  • Flood Zone Code: X
  • Flood Zone Date: 03-27-2024
  • Flood Zone Panel: 12115C0133G
  • New Construction: No
  • Property Condition: Under Renovation
  • Public Survey Range: 18E
  • Public Survey Section: 19
  • Dock YN: No
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block, Brick
  • Foundation Details: Slab
  • Pool: None
  • Pool Private: No
  • Waterfront Feet Total: 0
  • Number Of Stories: 2
Interior Features
  • Ceiling Height: Varied
  • Cooling: Other
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No

Property History for 1565 State Street

DateEvent & SourcePriceAppreciation
Feb 24, 2026

Listed (Active)

MFRMLS #A4683759

$5,900,000—
Mar 30, 2020

Sold (Public Record)

Public Record #665856473

$2,700,000—
DateEvent & SourcePrice
02/24/2026

Listed (Active)

MFRMLS #A4683759

$5,900,000
03/30/2020

Sold (Public Record)

Public Record #665856473

$2,700,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1565 State Street

Taxable ValueLand$1,470,000Additions$774,100Total$2,244,100
Tax Record2025$37,884 ($3,157 / month)
Home Facts
Total Finished SqFt12,626 SqFtAbove Grade Finished SqFt12,626 SqFtStories2Lot Size15,750 SqFtStyleMiscellaneousYear Built1921Year Renovated1990ZoningDTCCountySARASOTAAPN2027-03-0104

Schools near 1565 State Street

This home is within Sarasota.
Rating
School
Type
Grades
Distance
Southside Elementary School
Public - K to 5
Booker Middle School
Public - 6 to 8
Sarasota High School
Public - 9 to 12
Skye Ranch School
Public - K to 8
Rating
School
Distance
Southside Elementary School
PublicK to 5

Booker Middle School
Public6 to 8

Sarasota High School
Public9 to 12

Skye Ranch School
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

More information about 1565 State Street, Sarasota, FL 34236

1565 State Street is a mixed use property for sale in Sarasota, FL 34236. This property was listed for sale on February 24, 2026 by RE/MAX ALLIANCE GROUP, it's currently listed at $5,900,000. It has been on the market for a total of 65 days and was last sold on March 30, 2020. This listing's school district is Sarasota. Nearby schools include Southside Elementary School, Booker Middle School and Sarasota High School. 1565 State Street is a 0-bed, 0-bath, 12,626 sqft mixed use property built in 1921.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX ALLIANCE GROUP, Tom Cail, PA; RE/MAX ALLIANCE GROUP, Jason Grande

The information is being provided in part by Southwest Florida Multiple Listing Service, Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2, and MarcoMls. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 Southwest Florida Multiple Listing Service and MarcoMls. All Rights Reserved. The data relating to real estate for sale displayed on this website comes in part from the Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2 and MarcoMls. Properties listed with brokerage firms other than Compass are marked with the "BR House" logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Naples MLS BR Program, or contained in the database compilation of Naples MLS.