Land - Real Estate in Sarasota
Listing Price: $1,695,000 (Mortgage Calculator →)
Description of Property
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.
Property Details At A Glance
Property Type: Land
City: Sarasota
County: Sarasota
Subdivision: Collage On 5th Condominium
Annual Tax: $18,000
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: None
Lot Information
Lot Features: Central Business District
Lot Size (acres): 0.11
Lot Size (sq. ft.): 5,194 square feet
Lot Dimensions: 49 x 106
Road Frontage: Street Paved
Front Exposure: South
Current Adjacent Use: Commercial
Legal Description & Other Information
Financing Available: Conventional
Parcel Number: 2026117001
Zoning: DTE
Pets Allowed/Pet Policies: Yes
Tax Legal Desc.: 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
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.