• 1469 5th Street SARASOTA, FL 34236

  • $1,795,000
  • 5,194
    Sq Ft
  • 0.11
    Acre
  • Listed By: PREMIER SOTHEBYS INTL REALTY
  • Source: MFRMLS (My Florida Regional MLS DBA Stellar MLS)

Under contract-accepting backup offers. 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.

Property Type :

Land

County :

Sarasota

Style :

Land

Property Details

 

Water Source

WaterSource: None

Lot Information

Lot Dimensions: 49x106

Lot Description: Central Business District, Paved

Lot Square Feet: 5194

Lot Acres: 0.11

Lot Size (SqMt): 483

Property Information

Property Type: Land

Listing Price Information

Original List Price: $1795000

Tax Information

Tax Legal Description: UNIT 101, COLLAGE ON 5TH CONDOMINIUMUNIT 101, COLLAGE ON 5TH CONDOMINIUM; UNIT 201, COLLAGE ON 5TH CONDOMINIUM; UNIT 202, COLLAGE ON 5TH CONDOMINIUM; UNIT 301, COLLAGE ON 5TH CONDOMINIUM, UNIT 302, COLLAGE ON 5TH CONDOMINIUM; UNIT 401, COLLAGE ON 5TH CONDOMINIUM; UNIT 402, COLLAGE ON 5TH CONDOMINIUM

Annual Tax: $18000

Tax Year: 2023

Parcel Number: 2026117001

School Information

Elementary School: Alta Vista Elementary

Junior High School: Booker Middle

Senior High School: Booker High

Utility Information

Electrical Nearby, Public, Utility Pole

Sewer: Public Sewer

Water Source: None

Location Information

Subdivision: COLLAGE ON 5TH CONDOMINIUM

City: SARASOTA

Direction: 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.

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1469 5th Street #202, Sarasota, FL,34236 $1,679,000 3 2 1,850 0.12 Acre
1469 5th Street #102, Sarasota, FL,34236 $995,000 2 2 1,150 0.12 Acre
1469 5th Street #302, Sarasota, FL,34236 $1,724,000 3 2 1,850 0.12 Acre
162 Emerson Drive, Sarasota, FL,34236 $10,000,000 -- -- 20,250 0.46 Acre
430 Kumquat Court #202, Sarasota, FL,34236 $1,030,600 2 2 1,057 --
430 Kumquat Court #308, Sarasota, FL,34236 $1,166,100 2 3 1,196 --
430 Kumquat Court #410, Sarasota, FL,34236 $1,701,500 3 4 1,745 --
1469 5th Street #304, Sarasota, FL,34236 $1,796,000 3 3 1,850 0.12 Acre
845 Benjamin Franklin D.., Sarasota, FL,34236 $545,900 2 2 991 --
118 N Warbler Lane, Sarasota, FL,34236 $7,250,000 4 7 4,594 0.34 Acre

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Based on information submitted to the MLS GRID as of 06/17/2024 @ 06:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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ByOwner last updated this listing 06/17/2024 @ 06:20

MLS: MFRMLS #A4611530
LISTED BY: Frank Lambert, PREMIER SOTHEBYS INTL REALTY
SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS)
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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