Pending

1469 5TH ST

SARASOTA FL, 34236

$1,795,000


$345.59 per sqft

Pending

0.12 Acres

Land

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.

A4611530

MLS ID

May 22, 2024

Listed

July 14, 2024

Updated

Map

1469 5TH ST
SARASOTA FL, 34236

Exterior/Building Features

Lot Size

0.12 Acres


Lot Features

Central Business District, Paved


Sewer

Public Sewer

School Information

High School

Booker High


Elementary School

Alta Vista Elementary

Other Property Details

Area Name

34236 - Sarasota


Taxes

$18,000


Tax Frequency

Annually


Garage

No


View

No


County

Sarasota


Municipality

36


Water Source

None


Pool

No


Zoning

DTE

Listed by PREMIER SOTHEBYS INTL REALTY
Listing Contact: 941-364-4000 

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Data last updated 7/14/2024, 6:06 AM UTC

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