Price Reduced 25.08%
Price History
$7,995,000
6/13/2025
$5,990,000
7/18/2025
1625 4TH STREET, Sarasota, FL, 34236
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.
Status:
Active
Type:
Lot / Acreage
Subdivision:
ORANGE ONE
Common Charge:
$995 Monthly
Lot Size:
217 x 306
Acreage:
1.42
Est. Taxes:
$44,112
HOA Fee
$995
Current Use
Residential
Utilities
BB/HS Internet Available, BB/HS Internet Capable, Cable Available, Cable Connected, Electricity Available, Fire Hydrant, Phone Available, Sewer Available, Sewer Connected, Street Lights, Water - Multiple Meters, Water Available, Water Connected
Lot Description:
Buildable, Corner Lot, Curb and Gutters, City Lot, Level, Near Public Transit, Room For Pool, Sidewalk, Street Lights, Suburb, Wooded
View Description:
City
Amenities:
Cable TV, Fence Restrictions, Gated
Elementary School:
Alta Vista Elementary
Middle School:
Booker Middle
High School:
Booker High
Days on Market:
67
Pet Policy:
Size Limit, Yes
Lease Term Type:
12 Months
MLS #:
A4655859
Community Info
School Info
Walk Score
Yelp
Listing courtesy of PREMIER SOTHEBY'S INTERNATIONAL REALTY 941-364-4000