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.
Lot/land
Price cut: $396K (7/18)
$1,299,000
1469 5th St, Sarasota, FL 34236
--beds
0baths
5,194Square Feet
Unimproved Land
Built in ----
5,194 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Maximum privacyLast remaining buildable parcelsLatest hurricane construction standardsLegacy density advantage
- 53 days
- on Zillow |
- 100 |
- 2 |
Zillow last checked: 7 hours ago
Listing updated: July 18, 2025 at 01:30pm
Listing Provided by:
Frank Lambert 941-920-1500,
PREMIER SOTHEBY'S INTERNATIONAL REALTY 941-364-4000,
Anita Lambert 941-920-1501,
PREMIER SOTHEBY'S INTERNATIONAL REALTY
Source: Stellar MLS,MLS#: A4655867
Originating MLS: Sarasota - Manatee

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Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Video & virtual tour
Property
Features
- Fencing: Chain Link
Lot
- Size: 5,194 Square Feet
- Dimensions: 49 x 106
- Features: Central Business District
- Residential vegetation: Mature Landscaping
Details
- Parcel number: 2026117001
- Zoning: DTE
- Special conditions: None
Utilities & green energy
- Sewer: Public Sewer
- Water: None
- Utilities for property: Electrical Nearby, Public, Utility Pole
Community & HOA
Community
- Subdivision: COLLAGE ON 5TH CONDOMINIUM
HOA
- Has HOA: No
- Pet fee: $0 monthly
Location
- Region: Sarasota
Financial & listing details
- Tax assessed value: $468,900
- Annual tax amount: $18,000
- Date on market: 6/13/2025
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Total actual rent: 0
- Road surface type: Paved, Asphalt
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