1469 5th Street, Sarasota, FL 34236
Local realty services provided by:Better Homes and Gardens Real Estate Thomas 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....
Contact an agent
Home facts
- Listing ID #:A4655867
- Added:300 day(s) ago
- Updated:April 10, 2026 at 07:46 AM
Structure and exterior
- Lot area:0.12 Acres
- Lot Features:Central Business District, Paved
- Levels:1 Story
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)
Features and amenities
- Amenities:Utility Pole
- Pool features:Public Pool
New listings near 1469 5th Street
- New
$192,500Active2 beds 2 baths1,040 sq. ft.1333 Glen Oaks Drive E #135, SARASOTA, FL 34232
MLS# A4689392Listed by: VUE REALTY, LLC - New
$409,000Active3 beds 2 baths1,233 sq. ft.629 Albritton Avenue, SARASOTA, FL 34232
MLS# TB8495202Listed by: LOKATION - New
$965,000Active3 beds 3 baths2,750 sq. ft.8832 Enclave Court, SARASOTA, FL 34238
MLS# TB8496187Listed by: KELLER WILLIAMS SUBURBAN TAMPA - New
$10,000,000Active5 beds 5 baths5,458 sq. ft.4034 Roberts Point Road, SARASOTA, FL 34242
MLS# A4689062Listed by: THE STUTZMAN REALTY GROUP, LLC - New
$6,495,000Active10 beds 12 baths4,443 sq. ft.119 Mckinley Drive, SARASOTA, FL 34236
MLS# A4688706Listed by: AMI REALTY GROUP - New
$409,000Active3 beds 2 baths1,484 sq. ft.816 Queen Palm Lane, SARASOTA, FL 34243
MLS# A4689412Listed by: EXIT KING REALTY - New
$149,900Active2 beds 2 baths967 sq. ft.2724 Hidden Lake Boulevard #A, SARASOTA, FL 34237
MLS# C7524602Listed by: COLDWELL BANKER SUNSTAR REALTY - New
$159,900Active1 beds 1 baths663 sq. ft.2763 Woodgate Lane #301, SARASOTA, FL 34231
MLS# N6143851Listed by: PELICAN REALTY CORP - New
$295,000Active3 beds 2 baths1,499 sq. ft.5511 Rosehill Road #203, SARASOTA, FL 34233
MLS# A4688309Listed by: WAGNER REALTY - New
$425,000Active2 beds 2 baths1,930 sq. ft.4345 Callista Lane, SARASOTA, FL 34243
MLS# A4688590Listed by: FINE PROPERTIES