Active

$7,995,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • sq ft
Overview
  • ID: MFRA4655859
  • Bedrooms:
  • Bathrooms: 0
  • Size: sq ft
Property Details
Remarks
Shovel-Ready Luxury Development in the Heart of Sarasota Refined Urban Living | Rosemary District | $57M+ Projected Sales EXPERIENCE THE BEST OF DOWNTOWN SARASOTA A true game-changer for luxury developers, builders, and visionaries—this is one of the last buildable parcels in Sarasota’s vibrant and walkable Rosemary District, moments from the new 53-acre Bay Sarasota Park and surrounded by over 65 restaurants within a 6 block radius. What makes this project unmissable? Two words: Time & Density. · Shovel-Ready: Permits in under 30 days. No red tape. No waiting. Approved plans feature a boutique, contemporary mixed-use masterpiece combining: · 10 Designer Condominium Residences · 10 Tri-Level Townhomes with private garages and elevators · 10 Luxury Retail Suites with soaring storefronts --- Design & Lifestyle Highlights: · Private gated enclave with individual entrances · Expansive 4-bedroom, 3.5-bathroom layouts · Separate guest casitas for multi-gen or income opportunities · Illuminated, open floor plans with floor-to-ceiling glass · Alfresco terraces with grill-ready summer kitchens · Lushly landscaped Zen-inspired pool oasis · Private two-car garages and in-unit elevators · Crafted with the latest hurricane construction standards · Premium designer finishes and curated architectural touches throughout --- Investment Snapshot: · Projected sales from $2.4M–$3M per unit · Total projected revenue: $57,220,000 · Construction timeline: as little as 24 months · Ideal for capital rotation, high-margin resale, or portfolio legacy --- The Ultimate Urban Lifestyle Positioned in Sarasota’s booming cultural corridor, this project redefines boutique luxury in one of Florida’s top-ranked lifestyle cities. From University Town Center to Sarasota Opera, Selby Gardens, and Lido Beach—everything is within reach. Pro forma available upon request Don't miss your chance to shape the skyline—and the future—of Downtown Sarasota.
Financial Considerations
Price:
$7,995,000
HOA Fee:
995
Tax Amount:
$44112
Price per SqFt:
$128.65
Tax Legal Description:
LOTS 1, 2, 3 & 4, FRANK A WALPOLES SUB OF LOT 2, BLK K, PLAT OF SARASOTA, ALSO LOTS 3, 5 & S 4 FT OF LOT 1, RESUB OF LOTS 13 & 14 OF LOT 3, BLK K, & LOTS 1 THRU 4, BLK 5, CENTRAL PARK NO 1, ALSO LOTS 1 & 2, HOWARD COURT, ALSO SW 1/4 OF ORIGINAL LOT 1 LESS N 80 FT THEREOF & S 50 FT OF E1/2 OF ORIGINAL LOT 1, ALL IN BLK K, PLAT OF SARASOTA, OR 1749/1633 OR 1746/210 OR 2537/312 OR 2534/1272 OR 2508/547 OR 3039/1149 OR 3004/1500 OR 3004/1501 BEING SAME LANDS AS DESC IN ORI 2022103598
Exterior Features
Lot Size:
62146
Lot Features:
Buildable, Corner Lot, Curb and Gutters, City Limits, Level, Near Public Transit, Room For Pool, Sidewalk, Street Lights, Paved, Suburb, Wooded
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
N/A
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
N/A
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
N/A
Style:
N/A
Year Built:
N/A
Construction Type:
N/A
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
West
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    1625 4TH ST
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