by Global Lifestyle Properties

Check Availability
$7,999,000
● Land - In Contract

1625 4TH STREET

SARASOTA, FL 34236
bedrooms
Studio
bathrooms
0 Bath
$43,948
Est. Monthly
$995
HOA / Fees

About This Property

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.
Unit Size
-
Days on Market
-
Land Size
1.42 acres
Price per sqft
-
Property Type
Land
Property Taxes
$3,676
HOA Dues
$995
Year Built
1925

Listed By

Frank Lambert
Frank Lambert
PREMIER SOTHEBYS INTL REALTY
Anita Lambert
PREMIER SOTHEBYS INTL REALTY

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Last updated: 2 months ago (Stellar MLS #A4655859)

Price History

Date / Event Date Event Price
Sep 26, 2026 In contract -
In contract
Jun 26, 2026 Price Increased $7,999,000
↑ $2M (33.5%)
Price Increased
Jul 20, 2025 Price Decreased $5,990,000
↓ $2M (25.1%)
Price Decreased
Jun 6, 2025 Listed by PREMIER SOTHEBY'S INTERNATIONAL REALTY $7,995,000
Listed by PREMIER SOTHEBY'S INTERNATIONAL REALTY
Jun 23, 2022 No longer available -
No longer available
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Property Highlights

With View
Exterior Details
Building Area Units: Square Feet
Lot Features: Corner Lot, City Lot, Level, Near Public Transit, Wooded, Buildable, Curb and Gutters, Room For Pool, Sidewalk, Street Lights, Suburb
Lot Size Area: 1.4267
Lot Size Units: Acres
Lot Size Acres: 1.42
Lot Size Square Feet: 62146
Lot Size Dimensions: 217 x 306
Tax Lot: 1
Water Source: Public
Financial Details
Tax Annual Amount: $44,112
Utilities Details
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Maintenance Grounds, Pest Control, Sewer, Trash, Water, Escrow Reserves Fund, Manager, Pool Maintenance
HOA/Condo/Coop Amenities: Cable TV, Gated, Fence Restrictions
HOA Fee: $995
HOA Fee Frequency: Monthly

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1995
  • Building Count: 6
  • Total Rooms: 27
  • Bedroom Count: 10
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 34
  • Exterior Walls Type: 18
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 224
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 77
  • Pool Type: 0
  • Location Influence Type: 125

    Dimensions

  • Lot Size Square Feet: 60,555
  • Total Building Area: 5,786
  • Gross Building Area: 6,420
  • Building Area: 5,786
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 5,786
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WALPOLES SUB FRANK A SUB LOT 2 BLK K POS
  • Land Acres: 0000001390
  • Standard Land Use Code: 1110
  • County Land Use Code: 0810
  • State Land Use Code: 008
  • Legal Description 1: 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

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: T02 T02D A055
  • Census Tract: 000102

Zoning

  • Zoning: DTN

Geography

  • Assessors Map Reference: 11
  • Account Number: 2026100068
  • Subdivision Tract Number: 311
  • Parcel: 2026-10-0068
  • Block: K
  • Lot: 1-5,1
  • Meridian: SEC 19 TWN 36S RNG 18E
  • Municipality: CITY OF SARASOTA
  • Latitude: 27.3399
  • Longitude: -82.538

    Address

  • Full Address: 1625 4th St
  • Address - House Number: 1625
  • Address - Street Name: 4th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Sarasota
  • Carrier Code: C088
  • 4-Digit Zip Code: 5007
  • Zip Code: 34236

Valuation

    Tax

  • Total Area: 1,028
  • Tax Year: 2023
  • Tax Amount: $3,662,377
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 0200

    Appraisal Valuation

  • Standard Deviation: 0.4696
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 6
  • Final Value: 2,269,342
  • High Value: 3,335,090
  • Low Value: 1,203,593

    Market Valuation

  • Market Total Value: $2,432,300
  • Market Land Value: $1,806,100
  • Market Improvement Value: $626,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,432,300
  • Assessed Land Value: $1,806,100
  • Assessed Improvements Value: $626,200

    Sales

  • Current Sale Contract Date: Jun 14, 2022
  • Current Sale Recording Date: Jun 17, 2022
  • Current Sale Price:
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 103598
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Gillespie Park


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Frequently Asked Questions

When was property at 1625 4th Street built and last sold?
The property at 1625 4th Street was built in 1925 and last sold on Jun 14, 2022 for $3,325,000.
How much is this home worth?
The estimated value of the home located at 1625 4th Street is $8,078,990.
What are some comparable homes to 1625 4th Street?
There are currently no comparable homes to 1625 4th Street.