$
1923 5TH ST
Sarasota, Sarasota, FL, 34236
$965,000
About this home
The Velocity Project presents an exceptional opportunity to acquire a shovel-ready luxury condominium development in Sarasota’s rapidly growing Gillespie Park neighborhood. This offering is structured as a true turnkey investment, with the sale including complete architectural drawings, technical reports, cost analyses, and all supporting materials needed for a smooth development process. With Development Review Committee approvals already secured and permits projected within approximately six weeks, the project is positioned for an expedited construction start. The approved design, created by the acclaimed Solstice Architecture Firm, reflects an aesthetic influenced by the coastal architecture of Spain and Portugal. The development plans call for six generously sized residences designed with high-end finishes, modern layouts, and upscale amenities that appeal to today’s luxury buyers. Situated on a quarter-acre site with Downtown Edge (DTE) zoning, the property benefits from a location within one of Sarasota’s most dynamic and evolving districts. Gillespie Park continues to attract strong buyer interest and investment, supported by a lively environment of local shops, dining destinations, and a diverse mix of architectural character. This is a rare chance to move forward with a fully entitled project while avoiding the lengthy planning stages. Reach out today to obtain detailed project information, financial data, construction estimates, approved plans, and to arrange a site visit.
Facts & Features
- MLS ID#
- MFRA4682868
- Price
- $965,000
- Status
- Active
- Bedrooms
- N/A
- Bathrooms
- 0
- Full Baths
- N/A
- Half Baths
- N/A
- Square Footage
- N/A
- Acres
- 0.2400
- Year Built
- N/A
- Type
- Land
- Subtype
- Land
- Style
- N/A
Community Information
- Address
- 1923 5TH ST
- Subdivision
- Inwood Park First Add
- City
- Sarasota
- County
- Sarasota
- State
- FL
- Zip Code
- 34236
- Senior Community
- No
Amenities
- Amenities
- N/A
- Parking
- N/A
- View
- No
- Waterfront
- No
- Pool
- No
Interior
- Interior Features
- N/A
- Heating
- N/A
- Cooling
- N/A
- Flooring
- N/A
- Fireplace
- N/A
- Stories
- N/A
- Appliances
- N/A
Exterior
- Exterior Features
- N/A
- Construction
- N/A
- Foundation
- N/A
- Roof
- N/A
- Fencing
- N/A
- Lot Features
- N/A
School Information
- Elementary
- N/A
- Middle
- N/A
- High
- N/A
Additional Information
- Date Listed
- February 17, 2026
- Days on Market
- 105
- Zoning
- DTE
- Direction Faces
- N/A
- New Construction
- No
Mortgage Calculator
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This calculator provides estimates for informational purposes only and is not a loan offer, pre-approval, or commitment to lend. Actual rates, payments, and loan terms vary by lender and are subject to credit approval, income/asset verification, and market conditions. Property tax and homeowners insurance shown are estimates and may differ. PMI applies when the down payment is under 20%. For an official Loan Estimate, contact a licensed mortgage lender. KONA REALTY is a licensed real estate brokerage, not a mortgage lender. Equal Housing Opportunity.
Location
Sarasota, Sarasota, FL, 34236
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