Frank Lambert
PREMIER SOTHEBYS INTL REALTY
941-364-4000
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.
WaterSource: None
Lot Dimensions: 49x106
Lot Description: Central Business District, Paved
Lot Square Feet: 5194
Lot Acres: 0.11
Lot Size (SqMt): 483
Property Type: Land
Original List Price: $1795000
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
Elementary School: Alta Vista Elementary
Junior High School: Booker Middle
Senior High School: Booker High
Electrical Nearby, Public, Utility Pole
Sewer: Public Sewer
Water Source: None
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.
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.
Properties displayed may be listed or sold by various participants in the MLS.
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.