1469 5th Street, Sarasota, FL 34236
Local realty services provided by:CENTURY 21 Alliance Realty Group
Listed by: frank lambert, anita lambert
Office: premier sotheby's international realty
MLS#:A4655867
Source:MFRMLS
Price summary
- Price:$1,299,000
About this home
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.
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Home facts
- Listing ID #:A4655867
- Added:185 day(s) ago
- Updated:December 16, 2025 at 01:51 PM
Structure and exterior
- Lot area:0.12 Acres
Schools
- High school:Booker High
- Middle school:Booker Middle
- Elementary school:Alta Vista Elementary
Utilities
- Water:Public
- Sewer:Public, Public Sewer
Finances and disclosures
- Price:$1,299,000
- Tax amount:$18,000 (2023)
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