1469 5TH ST new Save Request In-Person Tour Request Virtual Tour
Sarasota,FL 34236
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 & 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. Located 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 most walkable, 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
· 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 million in 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 most dynamic downtown corridors.
Pro forma available upon request. Seize the opportunity to double your investment and be part of the 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
Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4655867