Land - Real Estate in Sarasota
Listing Price: $2,899,000 (Mortgage Calculator →)
Description of Property
Permit-Ready Opportunity in Sarasota’s Red-Hot Rosemary District A rare chance to build lifestyle-driven homes in one of Sarasota’s fastest-growing urban neighborhoods. This shovel-ready project is designed for buyers who want modern design, abundant outdoor living, and walkability—all the essentials for today’s millennial and empty nester markets. Project Highlights · Permit-Ready: Construction can begin in just 60 days · 6 Three-Story Townhomes: Each with 4 bedrooms, 3 full baths, 2 half baths · Private Pools & Guest Houses: Luxury features that set this community apart · Expansive Outdoor Living: Multiple terraces, patios, and outdoor kitchens · Private Two-Car Garages for every residence · Large Residences: 2,800+ sq. ft., priced from $2,693,000 · Light, Bright Contemporary Architecture with impact glass and latest hurricane standards · Projected Sales Volume: $16,000,000+ · Projected Profit Potential: $4,426,000 (Pro Forma available) Location Advantages · Steps from The Bay Sarasota, a 53-acre waterfront park · Surrounded by 65 restaurants within 6 blocks · Two blocks from Sarasota School of Arts and Sciences (SSAS) · Minutes to downtown shopping, theaters, arts district, and St. Armands/Lido Beach · Flood Zone X – safer, elevated land designation · Stunning Urban Design Across 7th Street - Award winning Sarasota and Rosemary District architect, Halflants & Pichette designed condo project with rooftop pool, fitness center and clubhouse coming at southwest corner of 7th/Cohen Way. Why This Project Wins - This condominium development lives like single-family homes—offering privacy, scale, and unparalleled outdoor space. With demand outpacing land supply in Rosemary, this is a timely opportunity to shape the district’s next chapter. Completion possible within 18 months of groundbreaking. Optional Advantage: Buyer may retain the current builder/owner to streamline construction.
Property Details At A Glance
Property Type: Land
City: Sarasota
County: Sarasota
Subdivision: Rosemary District
Annual Tax: $14,176
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Schools
Elementary School: Alta Vista Elementary
Middle/Junior High School: Booker Middle
High School: Booker High
Sewer: Public Sewer
Water Source: Public
Lot Information
Lot Features: Urban
Lot Size (acres): 0.31
Lot Size (sq. ft.): 13,350 square feet
Lot Dimensions: 133.5 x 100
Road Frontage: City Street
Front Exposure: East
Current Adjacent Use: Commercial
Legal Description & Other Information
Financing Available: Owner May Carry
Parcel Number: 2026060036
Zoning: DTE
Tax Legal Desc.: LOTS 5 & 6, SUB LOT 12, BLK Y, PLAT OF SARASOTA, BEING SAME LANDS AS DESC IN ORI 2014040833 & 2015024551
Section: 19
Range: 18
Listing courtesy of PREMIER SOTHEBY'S INTERNATIONAL REALTY. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It 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 accurate by the MLS.