1469 5th Street
Sarasota, FL 34236
Map
- – beds
- – baths
- – sqft
- 5,194 sqft lot
- – on site
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 & 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. Located 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 most walkable, 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 · 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 million in 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 most dynamic downtown corridors. Pro forma available upon request. Seize the opportunity to double your investment and be part of the Rosemary District’s next success story.
Last checked:
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Last updated Jun 14, 2025
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MLS# A4655867 —
The Building
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Building Area Units:Square Feet
Room Dimensions
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Living Area Units:Square Feet
Location
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Directions:FROM I75 SOUTH, TAKE FRUITVILLE ROAD EXIT INTO DOWNTOWN; CROSS 301/WASHINGTON BLVD, TURN RIGHT/NORTH ON LEMON AVE., LEFT ON 5TH ST. PROPERTY IS ON RIGHT BEHIND CHAIN LINK FENCING.
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Latitude:27.34069
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Longitude:-82.541302
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Coordinates:-82.541302, 27.34069
The Property
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Parcel Number:2026117001
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Property Type:Land
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Lot Features:Central Business District
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Lot Size Acres:0.11
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Lot Size Area:5194
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Lot Size SqFt:5194
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Lot Size Dimensions:49 x 106
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Lot Size Units:Square Feet
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Total Acres:0 to less than 1/4
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Zoning:DTE
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Current Use:Residential
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Direction Faces:South
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View:false
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Fencing:Chain Link
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Vegetation:Mature Landscaping
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Water Source:None
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Road Responsibility:Public Maintained Road
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Road Surface Type:Paved
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Road Frontage Type:Street Paved
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Flood Zone Code:X
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Flood Zone Panel:12115C0133F
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Additional Parcels:false
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Price Per Acre:15409091
Listing Agent
- Contact info:
- Agent phone:
- (941) 920-1500
- Office phone:
- (941) 364-4000
Taxes
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Tax Year:2023
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Tax Legal Description:UNIT 101, COLLAGE ON 5TH CONDOMINIUMUNIT 101, COLLAGE ON 5TH CONDOMINIUM; UNIT 201, COLLAGE ON 5TH CONDOMINIUM; UNIT 202, COLLAGE ON 5TH CONDOMINIUM; UNIT 301, COLLAGE ON 5TH CONDOMINIUM, UNIT 302, COLLAGE ON 5TH CONDOMINIUM; UNIT 401, COLLAGE ON 5TH CONDOMINIUM; UNIT 402, COLLAGE ON 5TH CONDOMINIUM
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Tax Annual Amount:$18,000
The Listing
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/stellar/A4655867
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Special Listing Conditions:None
Utilities
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Utilities:Electrical Nearby
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Sewer:Public Sewer
Schools
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Elementary School:Alta Vista Elementary
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Middle Or Junior School:Booker Middle
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High School:Booker High
The Community
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Subdivision Name:COLLAGE ON 5TH CONDOMINIUM
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Waterview:false
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Water Access:false
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Waterfront:false
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Pets Allowed:Yes
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Pet Restrictions:SEE RESTRICTIONS
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# of Pets:2
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Association:false
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Ownership:Fee Simple
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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6/13/25
Jun 13, 2025
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Listed / Active | STELLAR_MLS | $1,695,000 | |
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6/4/25
Jun 4, 2025
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Relisted | STELLAR_MLS | ||
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5/22/24
May 22, 2024
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Pending | STELLAR_MLS |
