1469 5th Street, SARASOTA, FL 34236
- MLS#: A4655867 ( Land )
- Street Address: 1469 5th Street
- Viewed: 36
- Price: $1,299,000
- Price sqft: $0
- Waterfront: No
- Year Built: Not Available
- Bldg sqft: 0
- Days On Market: 49
- Additional Information
- Geolocation: 27.3407 / -82.5413
- County: SARASOTA
- City: SARASOTA
- Zipcode: 34236
- Subdivision: Collage On 5th Condominium
- Elementary School: Alta Vista
- Middle School: Booker
- High School: Booker
- DMCA Notice
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DescriptionOne 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 Sarasotas 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 regions culturally vibrant neighborhoods. What sets this project apart? Time and density. Shovel ready, permits can be issued in under 30 daysskip the 24 month design and entitlement delay. Legacy density advantage, approved under the prior 75 units per acre zoninggrandfathered 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 reimaginedintimate, 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 youre seeking a quick and elegant exit strategy or aiming to leave a legacy in Sarasotas architectural landscape, this project is a rare gem in one of Floridas dynamic downtown corridors. Pro forma available upon request. Seize the opportunity to potentially double your investment and be part of Rosemary Districts next success story.