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Richard Hehl

richard@rteam4u.com +1(727) 458-3463

$ 1,795,000

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Pending

1469 5TH ST Sarasota, FL 34236

4,791 Sqft Lot

UPDATED:

10/08/2024 08:40 PM

Key Details

Property Type Vacant Land

Sub Type Residential

Listing Status Pending

Purchase Type For Sale

Subdivision Collage On 5Th Condominium

MLS Listing ID A4611530

Construction Status Financing,Inspections

HOA Y/N No

Originating Board Stellar MLS

Annual Tax Amount $18,000

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 49x106

Property Description

One or more photo(s) has been virtually staged. Attention builders, developers and investors. A tremendous opportunity awaits on one of the last remaining parcels in the red-hot Rosemary District. Shovel-ready is the key – permits can be picked up in 30 days or less, and construction can begin immediately. Forget the two-year design and permitting process, it's done already. Plus this was the last project approved with 75 units per acre density which has now expired, and the density is now 40 units per acre. This magnificent contemporary design features two-bedroom, three-bedroom, and four-bedroom penthouse designs with walls of glass and a total of only seven residences, no commercial. This is the epitome of the boutique style of condominium living that everyone desires. Condominium lifestyle – but with only six other neighbors. Only two units per floor. Open kitchen/dining/living rooms and patios with outdoor kitchens and splash pools. With pricing from $1 million to $2.5 million, totaling a projected $12 million in sales. All units are absolutely perfect for a live/work/play, all-in-one lifestyle. A secure parking garage, the latest hurricane construction standards, and sleek contemporary designs create and add another architectural jewel to the Rosemary District. This project could be built in 12 months, and you can be off to your next project. There are 43 restaurants within three blocks, and there is also the new 53-acre Bay Sarasota Park only four blocks away, which highlights our precious Sarasota bayfront and all that Sarasota’s arts, shopping, and dining communities have to offer. Join us now and become a part of the Rosemary revolution. Ask us for the Proforma, and let us show you how you can possibly double your investment within 12 months.

Location

State FL

County Sarasota

Community Collage On 5Th Condominium

Zoning DTE

Exterior

Fence Chain Link

Utilities Available Electrical Nearby, Public, Utility Pole

Waterfront false

Building

Lot Description Central Business District, Paved

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water None

Construction Status Financing,Inspections

Schools

Elementary Schools Alta Vista Elementary

Middle Schools Booker Middle

High Schools Booker High

Others

Pets Allowed Yes

Pet Size Extra Large (101+ Lbs.)

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Num of Pet 2

Special Listing Condition None

Listed by PREMIER SOTHEBYS INTL REALTY

Richard Hehl

Broker Associate | License ID: 3000622

+1(727) 458-3463

Richard Hehl

1469 5TH ST Sarasota, FL 34236

Key Details

Location

Exterior

Building

Schools

Others

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1469 5TH ST