-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 TId2K5ngm24fuCbBJ7umng==

<SEC-DOCUMENT>0001461511-09-000002.txt : 20090407
<SEC-HEADER>0001461511-09-000002.hdr.sgml : 20090407
<ACCEPTANCE-DATETIME>20090407153037
ACCESSION NUMBER:		0001461511-09-000002
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20090407
DATE AS OF CHANGE:		20090407
EFFECTIVENESS DATE:		20090407

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sharp Flats Limited Partnership
		CENTRAL INDEX KEY:			0001461511
		IRS NUMBER:				260173913
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1209

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-130007
		FILM NUMBER:		09737531

	BUSINESS ADDRESS:	
		STREET 1:		707 SABLE OAKS DRIVE
		CITY:			SOUTH PORTLAND
		STATE:			ME
		ZIP:			04106
		BUSINESS PHONE:		207-774-6989

	MAIL ADDRESS:	
		STREET 1:		707 SABLE OAKS DRIVE
		CITY:			SOUTH PORTLAND
		STATE:			ME
		ZIP:			04106
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0301</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001461511</cik>
        <entityName>Sharp Flats Limited Partnership</entityName>
        <issuerAddress>
            <street1>707 SABLE OAKS DRIVE</street1>
            <street2></street2>
            <city>SOUTH PORTLAND</city>
            <stateOrCountry>ME</stateOrCountry>
            <zipCode>04106</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>207-774-6989</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>MD</jurisdictionOfInc>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2007</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>BRIAN</firstName>
                <middleName></middleName>
                <lastName>POULIN</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>707 SABLE OAKS DRIVE</street1>
                <street2></street2>
                <city>SOUTH PORTLAND</city>
                <stateOrCountry>ME</stateOrCountry>
                <zipCode>04106</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>MANAGER OF GENERAL PARTNER OF ISSUER</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>CHARLES</firstName>
                <middleName>EMERSON</middleName>
                <lastName>ALLEN</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>29 NORTH MAIN STREET</street1>
                <street2></street2>
                <city>IPSWICH</city>
                <stateOrCountry>MA</stateOrCountry>
                <zipCode>01938</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>MANAGER OF GENERAL PARTNER OF ISSUER</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>LYNDEL</firstName>
                <middleName>JOE</middleName>
                <lastName>WISHCAMPER</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>THREE CANAL PLAYA</street1>
                <street2></street2>
                <city>PORTLAND</city>
                <stateOrCountry>ME</stateOrCountry>
                <zipCode>04101</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>MANAGER OF GENERAL PARTNER OF ISSUER</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>WILLIAM</firstName>
                <middleName>ARTHUR</middleName>
                <lastName>HOULIHAN</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>707 SABLE OAKS DRIVE</street1>
                <street2></street2>
                <city>SOUTH PORTLAND</city>
                <stateOrCountry>ME</stateOrCountry>
                <zipCode>-4106</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>MANAGER OF GENERAL PARTNER OF ISSUER</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Residential</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>$1,000,001 - $5,000,000</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0001461511-09-000001</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2009-03-27</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>6218098</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>6218098</totalOfferingAmount>
            <totalAmountSold>6218098</totalAmountSold>
            <totalRemaining>0</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>1</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>585000</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse>DEVELOPER FEE</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Sharp Flats Limited Partnership</issuerName>
                <signatureName>GEORGE S. LAWLER</signatureName>
                <nameOfSigner>GEORGE S. LAWLER</nameOfSigner>
                <signatureTitle>ASSISTANT SECRETARY OF GENERAL PARTNER OF ISSUER</signatureTitle>
                <signatureDate>2009-04-07</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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