Residential Land for Sale in Sarasota, Florida

1469 5th St Sarasota, FL 34236

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$1,795,000
0.11 acres
pending saleUnder contract

One or more photo(s) has been virtually staged. Attention builders, developers and investors. A tremendous opportunity awaits on one of the last remaining parcels in the red-hot Rosemary District. Shovel-ready is the key - permits can be picked up in 30 days or less, and construction can begin immediately. Forget the two-year design and permitting process, it's done already. Plus this was the last project approved with 75 units per acre density which has now expired, and the density is now 40 units per acre. This magnificent contemporary design features two-bedroom, three-bedroom, and four-bedroom penthouse designs with walls of glass and a total of only seven residences, no commercial. This is the epitome of the boutique style of condominium living that everyone desires. Condominium lifestyle - but with only six other neighbors. Only two units per floor. Open kitchen/dining/living rooms and patios with outdoor kitchens and splash pools. With pricing from $1 million to $2.5 million, totaling a projected $12 million in sales. All units are absolutely perfect for a live/work/play, all-in-one lifestyle. A secure parking garage, the latest hurricane construction standards, and sleek contemporary designs create and add another architectural jewel to the Rosemary District. This project could be built in 12 months, and you can be off to your next project. There are 43 restaurants within three blocks, and there is also the new 53-acre Bay Sarasota Park only four blocks away, which highlights our precious Sarasota bayfront and all that Sarasota's arts, shopping, and dining communities have to offer. Join us now and become a part of the Rosemary revolution. Ask us for the Proforma, and let us show you how you can possibly double your investment within 12 months.

Directions

FROM I75 SOUTH, TAKE FRUITVILLE ROAD EXIT INTO DOWNTOWN; CROSS 301/WASHINGTON BLVD, TURN RIGHT/NORTH

ON LEMON AVE., LEFT ON 5TH ST. PROPERTY IS ON RIGHT BEHIND CHAIN LINK FENCING.

Property details

Coordinates
27.3407, -82.5413
Community
Collage On 5th Condominium
Zoning
DTE
Elevation
20 feet
MLS Number
MFRMLS A4611530
Date Posted

Legal description

Parcels

  • 2026117001

Property taxes

2023
$18,000

Resources

This 0.11-acre property is located at 1469 5th St in Sarasota, FL 34236 with latitude 27.3407 and longitude -82.5413. The property is currently pending sale for $1,795,000 with a price per acre of $16,318,182. Listing data is sourced from Stellar MLS # A4611530.

Verify sale details at the property source or contact Premier Sothebys International Realty at (239) 403-2227.

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Copyright (C) 2024 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Updated . Checked 2 hours ago. Parcel data by Regrid.

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