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1469 5th StreetSarasota, FL 34236Price: $1,299,000

  • Price: $1,299,000
  • Est. Mortgage of $/month
  • 341 Days on Market
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Federal 30-year interest rate: 6.36% last updated on May 14, 2026
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  • $1,299,000List Price
  • PendingStatus
  • 13Number of Photos
  • 27.34069Latitude
  • 1469 5th StreetAddress
  • 5TH StreetStreet
  • SarasotaTown
  • FLState
  • 34236Zip
  • SarasotaCounty
  • LandProperty Type
  • A4655867MLS Number
  • 0.11Acreage

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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 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.

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LISTING COURTESY OF Frank Lambert of PREMIER SOTHEBY'S INTERNATIONAL REALTY (941-364-4000)

Listings courtesy of StellarMLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of May 20, 2026 6:02 AM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement.

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