1469 5TH STREET

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.