When visionary circus magnate John Ringling purchased the land now known as St. Armands circle, he envisioned creating a world-class attraction comprised of luxury waterfront real estate and an abundance of shopping and dining options around the circular hub. Today, waterfront property owners on St Armands circle (of which there are only 81) have the luxury of living just steps from the famed shopping district with more than twenty eateries, affording them a blissful atmosphere of relaxed elegance in a park-like setting with palm-lined medians and tropical plantings. For the first time in nearly 40 years, this waterfront property is being brought to market for a new owner to write the next chapter. With over 12,000 SF of land, featuring a majestic Royal Poinciana tree, 83' of water frontage, a newer seawall, a dock, and boat lift, this parcel offers the perfect canvas for an architect and builder to design and construct a modern masterpiece. Overlooking Pansy Bayou, a protected Manatee refuge, the property affords unparalleled privacy, unobstructed Bay views, and the opportunity to marvel at the presence of Sarasota's gentle “sea cows.” Public boating entry is not permitted into the Bayou, meaning only the 30 property owners adjacent to the Bayou are granted permission to boat through these waters. This historic neighborhood's convenient walkability and charm make it one of the most coveted spots in Sarasota. The ranch-style home currently on the property was completely re-built in 1986, and renovated again in 2018, with newer kitchen and baths, plus a new metal roof that year. The residence, complete with pool/spa and a fantastic screened porch overlooking the water, is in high demand for seasonal rentals and is tenant occupied through 6/30/23. The home can easily continue to be rented or enjoyed by the new owners, who will surely delight in the expansive water views, incredible sunsets, and phenomenal St. Armands Location. *** MUST SEE stunning aerial video***