1 Rasche Road

Located along the scenic Lemon Bay, this property offers an exceptional position within the steadily growing Englewood and Grove City communities. Situated between Sarasota and Charlotte County, the area is recognized for its coastal charm, strong year-round population, and increasing demand for residential development. Nearby destinations such as Englewood Beach, Manasota Key, Stump Pass State Park, and the revitalized Dearborn Street corridor contribute to the area’s strong lifestyle appeal. Continued growth in master-planned communities like Island Lakes at Coco Bay, BeachWalk, and Boca Royale reflects the region’s expanding housing market and long-term residential demand. With a supportive business climate, ongoing development, and a highly desirable waterfront setting, this property presents a compelling opportunity for investors and builders seeking to capitalize on the next phase of Gulf Coast growth.Now offered for sale, this ±2.3-acre waterfront site presents a rare opportunity for owner/operators, developers, and investors seeking to capitalize on the continued growth of Florida’s Gulf Coast. Zoned MHC (Manufactured Home Conventional), the property permits up to 11 units of single-family or manufactured housing, and also allows for bed & breakfast establishments or assisted living facility uses. Positioned just one nautical mile from the Gulf of Mexico (GOA), the site offers approximately 330 feet of waterfrontage on Lemon Bay, with potential for dock installation. It also benefits from dual road frontage on Waterside Drive and Maryland Avenue, and is already equipped with water meters & hookups, as well as electric service stubbed to the site—an infrastructure advantage that may help reduce development lead time and cost. Located in the Grove City community of Englewood, the property is surrounded by natural beauty and a steadily growing residential base. Its proximity to Englewood Beach, Manasota Key, Stump Pass State Park, and the walkable Dearborn Street district supports a highly desirable coastal lifestyle. The continued success of nearby master-planned communities like Island Lakes at Coco Bay further reflects rising demand in this market. With its zoning, existing utility infrastructure, and premier waterfront location, this site offers a compelling investment opportunity in one of Southwest Florida’s sought-after residential growth corridors.