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Description
Shovel-ready luxury development in the heart of Sarasota. Refined urban living | Rosemary District | $57M-plus projected sales. Experience the best of downtown Sarasota. A 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 six-block radius. What makes this project unmissable? Two words: Time and density. Shovel ready with permits ready to issue. Approved plans feature a boutique, contemporary mixed-use masterpiece combining10 designer condominium residences, 10 tri-level town homes with private garages and elevators, and 10 luxury retail suites with soaring storefronts. Design and lifestyle highlights such as private gated enclave with individual entrances, expansive four-bedroom, 3.5-bath 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 with total potential projected revenue of $57,220,000. Construction timeline as little as 24 months Ideal for capital rotation, high-margin resale or portfolio legacy. the ultimate urban lifestyle. 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, everything you desire is in reach. Find your ideal Florida lifestyle at Sunrise Preserve.
Property Highlights
Property Type: Land - Residential
Lot Size: 1.42 Acres
Taxes: $44,112
General Information
County: Sarasota
High School: Booker High
Subdivision: ORANGE ONE
Listed By:
Frank Lambert
PREMIER SOTHEBY'S INTERNATIONAL REALTY
941-364-4000
MLS ID: A4655859
Property Features
Association Amenities: Cable TV, Fence Restrictions, Gated
Community Features: Deed Restrictions, Gated Community - No Guard, No Truck/RV/Motorcycle Parking, Sidewalks, Street Lights
Days on Site: 262
Directions: FROM I75 SOUTH, TAKE FRUITVILLE ROAD EXIT INTO DOWNTOWN; CROSS 301/WASHINGTON BLVD, TURN RIGHT/NORTH ON ORANGE AVE. PROJECT IS AT THE CORNER OF ORANGE AVE and 4TH STREET ON RIGHT. CURRENT STRUCTURES BEHIND CHAIN LINK FENCING TO BE DEMOLISHED.
Fencing: Boundary Fencing, Chain Link
Flood Zone Code: X
HOA Fee: 995/ Monthly
HOA Y/N: Yes
Home Warranty Y/N: No
Lease Terms: Twelve Months
Listing Terms: Cash, Conventional, Owner Financing
Lot: Buildable, Corner Lot, Curb and Gutters, City Limits, Level, Near Public Transit, Room For Pool, Sidewalk, Street Lights, Paved, Suburb, Wooded
Lot Dimensions: 1.42
Number of Pets: 2
Ownership: Fee Simple
Pets Allowed: Size Limit, Yes
Pets Size: Large (61-100 Lbs.)
Property Attached Y/N: No
Sewer: Public Sewer
Showing Instructions: Appointment Only, Call Listing Agent 2,Call Before Showing, Call Listing Agent, Do Not Contact Tenants, Listing Agent Must Accompany, ShowingTime
Special Sale Provisions: None
Utilities: BB/HS Internet Available, BB/HS Internet Capable, Cable Available, Cable Connected, Electricity Available, Fire Hydrant, Phone Available, Sewer Available, Sewer Connected, Water - Multiple Meters, Water Available, Water Connected
Vegetation: Mature Landscaping, Wooded
Water: Public
Water Access Y/N: No
Zoning: DTN, DTE
Shown By
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1625 4th Street, Sarasota, FL 34236.
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Estimated Payment
$ 25,626.35 per month $20,203.27 Principal & Interest $3,676.00 Property Tax $1,747.08 Homeowner's InsuranceChange Payment Information
About this area
About Sarasota
Sarasota, FL is a cultural gem. Once home to the Ringling Brothers Circus, Sarasota boasts a rich arts scene that brings people from all over the area to enjoy world-class theater, music, and other performing arts. Sarasota is also a haven with spectacular scenery, turquoise water and white sandy beaches. It offers a delightful downtown with a variety of small boutiques and exceptional restaurants. With its dynamic culture and arts scene and incredible natural beauty, Sarasota is a wonderful place to call “home.”
Learn More About Living in Sarasota, Florida
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