#A4635694, Rex Glasson, Listing office: DOUGLAS ELLIMAN
Property details
About 1469 5th St
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.
Highlights
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Summary
- List Price: $1,695,000
- HOA Amount: $0
- Lot: Business District, Paved
- 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.
- Lot Size: 0.11 Acres
- MLS Number: A4655867
- MLS Name: MFRMLS
- Office Name: PREMIER SOTHEBY'S INTERNATIONAL REALTY
- Office Phone: (941) 364-4000
- Listing Agent: Frank Lambert
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Price information
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Nearby schools
7
Bay Haven School of Basics Plus
Public Magnet KG-5
1.6 mi
•2901 W Tamiami Cir
4
Emma E. Booker Elementary School
Public District PK-5
1.6 mi
•2350 Dr Martin Luther King Way
5
Alta Vista Elementary School
Public District PK-5
1.7 mi
•1050 S Euclid Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $22,125. Most Sarasota, FL residents have annual incomes less than $<35k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
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Frequently asked questions
About 1469 5th St
The listing price of 1469 5th St property is $1,695,000.
The property 1469 5th St is land located in Sarasota, Florida, 34236.
Active Listing: 1469 5th St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1469 5th St are: Bay Haven School of Basics Plus (GreatSchools Rating 7/10), Emma E. Booker Elementary School (GreatSchools Rating 4/10), Alta Vista Elementary School (GreatSchools Rating 5/10), Sarasota School of Arts/Sciences (GreatSchools Rating 8/10), Suncoast School for Innovative Studies (GreatSchools Rating 5/10), Booker Middle School (GreatSchools Rating 3/10), Sarasota Military Academy (GreatSchools Rating 5/10), Sarasota High School (GreatSchools Rating 4/10), Booker High School (GreatSchools Rating 3/10).
The property 1469 5th St is 0.11 acres.
This home is located at 1469 5th St in Sarasota, FL and zip code 34236 in the Rosemary District neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since June 13, 2025 and is currently priced at $1,695,000.
In June 2025 more than 23 listings in Sarasota, FL were sold above the asking price. During the same period more than 51 listings were sold at asking price, while more than 364 were sold below. Between May and June 2025, Sarasota, FL real estate market has seen decrease in the number of listings by 2%. In June 2025 median list price was $495,118 and the average listing age was 72 days.