$799,000
1420 5th Street
Sarasota, FL 34236
Listing updated: March 3, 2026 at 12:37 PM ET
Property type
Lot size
Price / sq ft
HOA dues
Day on market
Flood zone
About this home
Exceptional development opportunity in Sarasota's highly sought-after Rosemary District! Rare vacant parcel in the heart of downtown Sarasota with tremendous upside potential. Zoned DTE (Downtown Edge), this versatile 0.13-acre site is positioned for a variety of uses - including boutique retail, office, multi-family residential, mixed-use, or single-family development. Located within walking distance to fine dining, cafes, shopping, cultural attractions, and entertainment, this lot offers maximum visibility and convenience in one of Sarasota's most dynamic neighborhoods. One of the few remaining vacant downtown parcels, this site presents an ideal opportunity for investors, developers, or an end user seeking downtown access and long-term value. Don't miss your chance to build in a prime location with strong growth and walkability.
Local Insight
At $799K for a vacant 0.13-acre lot in downtown Sarasota, you're paying a premium for location and development potential rather than any existing structure—the per-square-foot price reflects raw land value in a desirable urban core where teardown or new construction projects command these kinds of numbers. Being in flood zone X is a genuine advantage here since you'll avoid flood insurance requirements, but you'll want to confirm zoning allowances and building costs before committing, as older downtown Sarasota lots sometimes carry surprises around setbacks or infrastructure fees that can quickly erode your development math.
AI-generated insight based on listing data and neighborhood context. Verify independently.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history1 days on market
- Status: ActiveMar 2, 2026
- Listed$799,000Mar 2, 2026
- Price increased$799,000
Facts & features
- Property type
- Land
- Status
- Active
- Days on market
- 1
- County
- Sarasota
- Price/sq ft
- $139
- Lot size
- 5,750 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- X
- Annual taxes
- $9,683 (2024)
- Parcel #
- 2026110059
- Zoning
- DTE
- MLS #
- A4683214
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HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- Ownership
- Fee Simple
Exterior & Construction
- Road surface
- Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Electricity Available, Natural Gas Available, Sewer Available
Listing Details
- Listing date
- 2026-02-23
- On market date
- 2026-03-02
- Original list price
- $799,000
- MLS area
- 34236 - Sarasota
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-03-02
- Tax legal description
- LOT 5, BLOCK 24 & the northly 10 feet of vacated alley in OR 1068/1592, Plat of Sarasota
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
FROM I75 SOUTH, TAKE FRUITVILL ROAD EXIT (exit 210) CONTINUE WEST ON FRUITVILLE INTO DOWNTOWN SARASOTA. TURN RIGHT ONTO LEMON AVENUE. TURN LEFT ONTO 5TH STREET. 1420 5TH STREET WILL BE ON YOUR RIGHT.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of March 3, 2026 at 12:37 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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