1469 5th St

Off Market

1469 5th St

Sarasota FL 34236

5194 sq. ft.

Land

Last sold for $1,299,000

Frank Lambert, last sold this property on 18 June 2026 after 756 days on market.

Overview

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.

Features

5194 sq. ft. lot size

Land

Estimated Value

Based on this property and similar land plots sold in Sarasota over the last 12 months, the estimated median property value of 1469 5th St is $1.2m.

Median value

$1.2m

Estimated value range

$424.35k - $7.2m

Median days on market

122

Estimated value trend

-8%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Sarasota. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1469 5th St

2026

Sold

$1,299,000

18 Jun 2026 by Frank Lambert, of PREMIER SOTHEBYS INTL REALTY

Happy sellers in Sarasota

88%

88% of sellers in Sarasota reported that their sale price either exceeded or met their price expectations.

Sarasota stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 10 reviews in Sarasota over the last 12 months.

Local market activity for land plots in Sarasota

In the last 12 months, 16 land plots similar to 1469 5th St, have been sold.

This represents a 54% decrease in land plots sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Sarasota for a market analysis.

Roberta Tengerdy PA and Carolyn Barker Collins PA

at Premier Sotheby's International Realty

(165 reviews)

Get a market analysis

Yvette Sellyn

at Coldwell Banker Residential Real Estate - Longboat Key

(46 reviews)

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Bruce Myer

at Coldwell Banker Realty - Longboat Key

(36 reviews)

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Monica Verinder

at COLDWELL BANKER REALTY

(48 reviews)

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Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Sarasota

Roberta Tengerdy PA and Carolyn Barker Collins PA

Sellers who recommend Roberta Tengerdy PA and Carolyn Barker Collins PA have praised them for being local expert, responsive, clear communication, supportive, friendly, reliable, and detail-oriented

5 (165 reviews)
5 Reviews in Sarasota
4 Sales in Sarasota

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Yvette Sellyn

Sellers who recommend Yvette Sellyn have praised them for being local expert, clear communication, responsive, detail-oriented, great negotiation, persistent, and well-prepared