New Price $3,500,000 Multifamily Development Opportunity — Desoto Road, Sarasota County, FL By-Right Density, Tax Benefits & Fast Track Permitting Features: • 8.27 Acres in High-Growth Sarasota County • By-right multifamily permitted via Live Local Act • Highest allowed density and building height, regardless of current designation • No rezoning or special exception needed • Up to 40% affordable units at =120% AMI, 30-year minimum • Property tax, impact fee, and mobility fee exemptions for projects meeting affordability benchmarks • Close to UTC Mall, Sarasota Memorial Hospital, and major employers • Demand for rental units far exceeds current supply Market Data: • Population growth, household income, and rental gaps aligned with profitable multifamily investment • 692-unit rental deficit countywide, with absorption supported by recent demographic data