1625 4TH STREET

Property Details

Description

Under contract-accepting backup offers. 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.

Facts & Costs

Property type

Land

Zoning

DTN, DTE

Current use

Residential

Lot dimensions

217x306

Price per acre

$5,633,099

Road frontage

City Street

Road surface

Asphalt

Lot size

1.42 acres

Days on market

475

Waterfront

No

Subdivision

ORANGE ONE

County

Sarasota

Flood zone

X

Monthly & yearly costs

HOA fee

$995 / monthly

Property taxes

$44,112 / year (2024)

As reported by the listing agent. Verify with the HOA and county.

Utilities & lot

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

Sewer

Public Sewer

Water

Public

Lot features

Buildable, Corner Lot, Curb and Gutters, City Limits, Level, Near Public Transit, Room For Pool, Sidewalk, Street Lights, Paved, Suburb, Wooded

View

City

Payment Estimate

$45,118 / month

Principal & interest

$40,447

Property taxes

$3,676

HOA

$995

Home insurance

enter below

Estimate only, not a loan offer. Rate is a starting value; taxes and HOA are as reported by the listing agent. Florida insurance (including flood) varies widely. Ask George for a lender referral.

Location