Pending

1469 5th Street

SARASOTA, FL 34236
Mark as Favorite
SqFt5,194

Sqft(Lot)

Acres0.11

Acre(Lot)

Under contract-accepting backup offers. 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 a dvantage, 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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Detail Ic Property Details

Property Type : Land

Price : $1,299,000

AD Id : 65347555

MLS Id : MFRA4655867

Lot Size : 0.11 Acre(Lot)

Living Area Size : 5,194

County : Sarasota

Subdivision: Lake Monte Sub

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Feature Features

  • 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:$1695000

  • 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.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1744 10th St, Sarasota, FL, 34236 $625,000 -- -- -- Acres (Lot)--
654 Lafayette Court, Sarasota, FL, 34236 $695,000 -- -- 7,120 0.16 Acre(Lot)
1923 5th Street, Sarasota, FL, 34236 $965,000 -- -- 10,500 0.24 Acre(Lot)
1930 Adams Lane, Sarasota, FL, 34236 $725,000 -- -- 5,000 0.11 Acre(Lot)
1703 Alta Vista Street, Sarasota, FL, 34236 $1,300,000 -- -- 8,800 0.20 Acre(Lot)
449 N Osprey Avenue, Sarasota, FL, 34236 $414,999 -- -- 5,042 0.12 Acre(Lot)
1744 10th Street, Sarasota, FL, 34236 $625,000 -- -- 6,800 0.16 Acre(Lot)
1721 8th Street, Sarasota, FL, 34236 $650,000 -- -- 9,200 0.21 Acre(Lot)
1705 6th Street, Sarasota, FL, 34236 $1,600,000 -- -- 12,077 0.28 Acre(Lot)
624 Goodrich Avenue, Sarasota, FL, 34236 $1,600,000 -- -- 10,388 0.24 Acre(Lot)
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ByOwner last updated this listing 06/11/2026 @ 18:20

MLS: MFRMLS #A4655867 LISTED BY: Frank Lambert, PREMIER SOTHEBY'S INTERNATIONAL REALTY 941-364-4000 SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS) (Listings courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID)

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