Homes for sale - 1469 5TH ST, Sarasota, FL 34236

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Andy Neal

andy@maximrealtors.com +1(407) 619-3517

$1,299,000

Est. payment - /mo

4,791 Sqft Lot

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Key Details

Property Type Vacant Land

Sub Type Residential

Listing Status Active

Purchase Type For Sale

Subdivision Collage On 5Th Condominium

MLS Listing ID A4655867

HOA Y/N No

Annual Tax Amount $18,000

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 49x106

Property Sub-Type Residential

Source Stellar MLS

Property Description

One or more photo(s) has been virtually staged. Shovel-ready opportunity in the heart of Downtown Sarasota. Rare Rosemary District parcel with approved plans and density advantage. Attention developers, builders and savvy investors, this is your exclusive chance to secure one of the last remaining buildable parcels in Sarasota's eclectic Rosemary District. Just moments from the 53-acre Bay Sarasota Park and surrounded by 65 restaurants within a six-block radius, this property is ideally positioned for luxury residential development in one of the region's culturally vibrant neighborhoods. What sets this project apart? Time and density. Shovel-ready, permits can be issued in under 30 days—skip the 24-month design and entitlement delay. Legacy density advantage, approved under the prior 75-units-per-acre zoning—grandfathered in just before the downshift to 40 units per acre. The approved plans call for a boutique, ultra-contemporary building with just seven exclusive residences, no commercial component. Design highlights include expansive 2-, 3-, and 4-bedroom penthouse-style floor plans, floor-to-ceiling walls of glass, and private outdoor kitchens and splash pools. Only two units per floor, offering maximum privacy. Secure garage parking. Built to the latest hurricane construction standards. This is the condominium lifestyle reimagined—intimate, modern and crafted for discerning buyers who value privacy, walkability, and architectural distinction. With projected pricing from $1 million to $3 million, this build-out targets $14,515,600 in potential gross sales, and the entire project could be completed in as little as 12 months. Whether you're seeking a quick and elegant exit strategy or aiming to leave a legacy in Sarasota's architectural landscape, this project is a rare gem in one of Florida's dynamic downtown corridors. Pro forma available upon request. Seize the opportunity to potentially double your investment and be part of Rosemary District's next success story.

Location

State FL

County Sarasota

Community Collage On 5Th Condominium

Area 34236 - Sarasota

Zoning DTE

Exterior

Fence Chain Link

Utilities Available Electrical Nearby, Public, Utility Pole

Building

Lot Description Central Business District, Paved

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water None

Schools

Elementary Schools Alta Vista Elementary

Middle Schools Booker Middle

High Schools Booker High

Others

Pets Allowed Yes

Pet Size Extra Large (101+ Lbs.)

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Num of Pet 2

Special Listing Condition None

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Listed by PREMIER SOTHEBY'S INTERNATIONAL REALTY

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Andy Neal

+1(407) 619-3517

Agent | License ID: SL3396613

Agent License ID: SL3396613

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1469 5TH ST Sarasota, FL 34236

Andy Neal

Key Details

Location

Exterior

Building

Schools

Others

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