Harbor Oaks Villas

Investment Highlights

• Dreznin Pappas Commercial Real Estate is proud to present the confidential offering of Harbor Oaks Villas in Sarasota Florida. Harbor Oaks Villas is a 15-unit complex that consists of three buildings on one parcel of land. That land and parcel are located just 'East of the Trail' on the first block across from Sarasota Memorial Hospital's main campus and the prestigious Hillview District.
• The property features a rare & outstanding unit mix of One, 3 bedroom / 2 bathroom unit, Nine, 2 bedroom / 2 bathrooms units, One, 2 bedroom / 1 bathroom unit, and Four, 1 bedroom / 1 bathroom units. With 67% percent of the units having two bathrooms, the property offers superior competitive advantage, and provides strong upside to increase rents with a strategic interior/exterior renovation plan.
• With newer roofs (2025 permits), partial interior updates, revamped landscaping and exterior aesthetics, Harbor Oaks Villas is ready for the future. The property is NOT in a flood zone.
• The parcel is zoned RMF-3 which is a density of 18 units per acre in the city of Sarasota, according to Municode.
• With the location to Sarasota Memorial Hospital and the amount of growth SMH has seen and expressed over the past decade or so, there is some possiblity that this property becomes part of a larger redevelopment scenario. Please keep in mind that this is pure hypothesis and for now, this is best operated as a multifamily complex.
• We also have a 4-unit listed that is part of the same ownerships portfolio. It can be purchased together with Harbor Oaks Villas apartments or on it's own. If you would like to learn more or review detailed information, let's connect.

Location Summary

• Harbor Oaks Villas are located in a highly desired neighborhood of Arlington Park, which is just South of Downtown Sarasota. The property sits just east of Route 41/Tamiami Trail, and just east of the main campus of Sarasota Memorial Hospital; which is one of the largest employers in Sarasota County. Also, within walking distance of the property is the trendy “Southside Village”.
• This area located along Hillview Street and Osprey Avenue, “West of the Trail”, is littered with modern café’s, trendy bars, and fine dining destinations. All said, the location offers quick access to a high concentration of employment and enables tenants to reside within 5-minutes of downtown Sarasota, Siesta Key, and St Armands Circle on Long Boat Key.
• This area is commonly referred to as transitional or a renaissance of sorts as a majority of homes and properties have been improved or newly constructed with substantially increased values.