An extraordinary opportunity to create two custom waterfront estates in one of Sarasota’s most coveted coastal enclaves. Perfectly positioned directly on Sarasota Bay, this vacant, cleared, and build-ready double lot offers a rare canvas for a world-class residence with breathtaking open-water views. Spanning approximately 0.73 acres with 93 feet of deep-water frontage, the property occupies a prime corner position at historic South Washington Drive and Tremont Lane—a private road serving an exclusive five-home enclave. Offering a rare balance of privacy and proximity, the location is just minutes from Downtown Sarasota and a short walk to St. Armands Circle and the award-winning white-sand beaches of Lido Key. Currently the largest estate lot available on St. Armands, the property includes completed survey work allowing for a potential subdivision into two separate waterfront parcels. With elevations reaching up to 10 feet, the site provides both architectural flexibility and peace of mind. Boating enthusiasts will appreciate direct access to the Intracoastal Waterway and the Gulf of Mexico, with an exceptional grandfathered 1,200-square-foot deep-water dock—a truly rare feature—ideal for a sailboat or yacht. From kayaking through nearby mangrove tunnels to cruising Big Pass within minutes or heading offshore, this is waterfront living without compromise. Conceptual architectural plans may be available for a striking contemporary estate featuring five bedrooms, a 10-car garage, and resort-style outdoor amenities such as a pickleball or tennis court, offering buyers a vision of the remarkable potential this property presents. A once-in-a-generation offering in a premier Sarasota waterfront setting.