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
November 22, 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 11/22/2024, 7:25 AM UTC