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Prime Land in Rosemary District

1469 5TH STREET, Sarasota, FL 34236

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Pending

$1,299,000

Land - SARASOTA, FL

Lot size:

0.11 Acres

HighLights

Shovel‑ready: permits potentially issued in under 30 days.
Rare Rosemary District parcel: approved for 75 units per acre.
Approved plans for a boutique, ultra‑contemporary building with seven exclusive residences.
Ideally located moments from Bay Sarasota Park and surrounded by 65 restaurants within a six‑block radius.
Luxury residential development targeting discerning buyers, with projected pricing from $1 million to $3 million.
Potential for quick completion (as little as 12 months) and significant return on investment.

We can help!

Listing Contact

Frank Lambert

Pending

$1,299,000

Land - SARASOTA, FL

Lot size:

0.11 Acres

Added:: Jun 6, 2025
Days on Market:: 374
Last Refresh:: Jun 14 at 1:06 am

Property Features for 1469 5TH STREET

General Information

Property type: Land
Property subtype: Other
Zoning: DTE
Pets allowed: Yes
Exterior features: Paved, Fencing
Fencing: Fenced
Standard status: Pending
APN: 2026117001
Lot size: 0.11 Acres

Taxes and HOA fees

Tax Year: 2023
Tax Annual Amount: 18000

Building Details

Architectural style: Other

We can help!

Listing Contact

Frank Lambert

Listing agent Frank Lambert License #0345242

Listing office PREMIER SOTHEBY'S INTERNATIONAL REALTY 50 Central Ave Suite 110, Naples, FL

Listing date Jun 6, 2025

MLS# A4655867 Listing URL

HighLights

Shovel‑ready: permits potentially issued in under 30 days.
Rare Rosemary District parcel: approved for 75 units per acre.
Approved plans for a boutique, ultra‑contemporary building with seven exclusive residences.
Ideally located moments from Bay Sarasota Park and surrounded by 65 restaurants within a six‑block radius.
Luxury residential development targeting discerning buyers, with projected pricing from $1 million to $3 million.
Potential for quick completion (as little as 12 months) and significant return on investment.

Overview

Located in the heart of Downtown Sarasota, this rare parcel in the Rosemary District presents a shovel-ready opportunity. The property has approved plans and a density advantage, making it an attractive prospect for developers, builders, and investors. Situated moments from the 53-acre Bay Sarasota Park and surrounded by 65 restaurants within a six-block radius, its location is ideal for luxury residential development. The approved plans allow for a boutique, ultra-contemporary building with seven exclusive residences, featuring expansive 2-, 3-, and 4-bedroom penthouse-style floor plans, floor-to-ceiling walls of glass, and private outdoor kitchens and splash pools. The design includes only two units per floor for maximum privacy and secure garage parking. Built to the latest hurricane construction standards, the project targets discerning buyers who value privacy, walkability, and architectural distinction. The 0.11-acre parcel benefits from a legacy density advantage, approved under the prior 75-units-per-acre zoning. Permits can be issued in under 30 days, skipping the typical 24-month design and entitlement delay. The intended use is luxury residential development, with projected pricing from $1 million to $3 million, targeting $14,515,600 in potential gross sales, and the entire project could be completed in as little as 12 months.

Property Profile Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Location Insight

Map
Local Demand

City: Sarasota
County: Manatee
State: Florida
Longitude: -82.541302
Latitude: 27.34069

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For sale
Commercial land
FL
Sarasota
34236
1469 5TH STREET

What type of property is this?

Commercial land - Shovel-ready land parcel approved for luxury residential development.

Where is this commercial land located?

The property is located at 1469 5TH STREET Sarasota, FL.

What is the asking price?

The asking price for this property is $1,299,000.

What are key features of this property?

This property features: Shovel‑ready: permits potentially issued in under 30 days.; Rare Rosemary District parcel: approved for 75 units per acre.; Approved plans for a boutique, ultra‑contemporary building with seven exclusive residences.

1469 5TH STREET, Sarasota, FL 34236

Land - SARASOTA, FL

Property Features for 1469 5TH STREET

General Information

Taxes and HOA fees

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Zoned Industrial Warehouse with Offices

Mixed-Use Building with Restaurant Lease

Sarasota Flex Space Opportunity

Sarasota Flex Space Opportunity

Five-Unit Multifamily with Heated Pool

Corner Medical/Office Suites

Corner-Floor Office Suites

Downtown Sarasota Mixed-Use Redevelopment Opportunity

Updated Gulf-Front Duplex Residence

Updated Gulf-Front Duplex

Siesta Key Condo with Income

Downtown Sarasota Five-Unit Apartment Complex

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