Analysis of Recent Lot Selling Prices in North Port 

This report analyzes recent selling prices of residential building lots in North Port, Florida. For this analysis, lots are categorized into four distinct zones based on location and other factors.

Scope of Analysis:

• Lot Size: Primarily standard 10,000 sq ft (80' x 125'), including lots up to 11,000 sq ft.
• Exclusions: Lots in deed-restricted neighborhoods and lots with waterfront.
• Note on Waterfront Lots: Lots on freshwater canals typically command a 15-30% premium over standard, non-waterfront lots.

North Port Lot Zone Classifications

North Port has been divided into four distinct zones to better understand market variations:

1. North Port Prime Lots

• Location: Between Sumter Blvd and Haberland Blvd, and at least 1/2 mile south of I-75.
• Area Size: Approximately 16 square miles.
• Characteristics:
  • Excellent access to I-75 and US 41 via Sumter and Toledo Blade Blvds.
  • Significant commercial development, including shopping and restaurants.
  • Considered the most convenient area to live in North Port.
• Investment Grade: Highest recommendation for purchase or investment.

2. North Port Class A Lots

• Location: Areas 1/2 mile south of I-75, north of US 41, and west of Atwater Blvd (excluding the "Prime Lots" area).
• Area Size: Approximately 16 square miles.
• Characteristics:
  • The 1/2 mile buffer from I-75 is to mitigate significant road noise from the highway, which can impact quality of life.
  • Excludes most areas east of Atwater due to sparse population and lack of electricity in many parts.
• Investment Grade: Second best area; considered investment grade and recommended for purchase.

3. North Port Class B Lots

• Location: Lots north of a line running 1/2 mile south of I-75 (including those north of I-75) and west of Atwater Blvd.
• Area Size: Approximately 7 square miles.
• Characteristics:
  • Often affected by noise from I-75.
  • May be less convenient for accessing shopping and schools.
• Investment Grade: Considered a speculative area for purchasing lots.

4. North Port Class C Lots

• Location: East of the canal off Atwater Blvd, encompassing areas both north and south of I-75.
• Characteristics:
  • The area north of I-75 is largely undeveloped with no houses.
  • The area south of I-75 has very few houses.
  • Potential for future development with highly-rated Sarasota County Public Schools.
• Investment Grade: Primarily for speculative investors.
  • Notable Development: Plans for an I-75 access point at Yorkshire Blvd and a recent multi-million dollar land purchase in this zone indicate potential for long-term growth. Prices have reportedly doubled in the last 12 months.

Recent Building Lot Prices by Zone (Data as of June, 2025)

Prime Zone

• Recent Sales (Last 60 Days):
  • Number of Sales: 36
  • High Price: $50,000
  • Low Price: $15,000
  • Median Price: $19,000
• Market Trends:
  • Prices up over 100% since December 2020.
  • Sales volume down 60% compared to this time last year, but prices under pressure.
  • The high median price in the latest cycle (2021-2022) was $23,000 in June 2022.
• Current Inventory:
  • Lots for Sale: 347
  • Median List Price: $30,000
• Historical Context:
  • 2005 (Market High): 310 sales, median price $40,000.
  • 2011 (Market Low): 52 sales, median price $3,400.

Class A Zone

• Recent Sales (Last 60 Days):
  • Number of Sales: 36
  • High Price: $37,000
  • Low Price: $10,000
  • Median Sales Price: $17,000
• Current Inventory:
  • Lots for Sale: 291
  • Median List Price: $24,000
  • Median Price of 10 Lowest Priced Active Lots: $15,000 (many are in Scrub Jay permit zones).
• Historical Context:
  • 2005 (Market High): 781 sales, median price $39,000.
  • 2011 (Market Low): 135 sales, median price $3,000.

Class B Zone

• Recent Sales (Last 60 Days):
  • Number of Sales: 23
  • High Price: $25,000
  • Low Price: $10,000
  • Median Price: $17,000
• Current Inventory:
  • Lots for Sale: 176
  • Median List Price: $23,000
  • Median Asking Price of 10 Lowest Priced Active Lots: $16,000
• Historical Context:
  • 2005 (Market High): 277 sales, median price $38,000.
  • 2011 (Market Low): 61 sales, median price $2,480.
  • 2021/2022 High Market (June to June): 330 sales, median price $18,000.
• Note: Owners of lots in this zone should consider selling, as potential gains might be offset by property taxes.

Class C Zone

• Recent Sales (Last 2 Months):
  • Number of Sales: 16
  • Price Range: $8,000 to $16,000
  • Median Price: $10,500
• Current Inventory:
  • Lots for Sale: 157
  • Median Price of 10 Lowest Priced Active Lots: $8,900
• Historical Context:
  • 2005 (Market High): 269 sales, median price $34,000.
  • 2011 (Market Low): 15 sales, median price $2,450.
• Investment Outlook: Mostly for long-term speculators (10-20 years).
  • Yorkshire Street I-75 Interchange Project: A proposed new I-75 exit at Yorkshire Street is under discussion by Charlotte County and North Port commissioners. If approved, project completion could be 10+ years away but would likely benefit lot prices in this zone. (Source: WINK News, April 29, 2022, with periodic updates).

Additional Resources:

• To get a list of THIS WEEK'S TOP TEN North Port Building Lot DEALS, Click HERE.
• To get a FREE evaluation of today's market value of your lot, Click HERE.