About This Home

This land at 1923 5TH Street in Sarasota, FL is listed for $899,000 (0.24 acres).

Key Features

  • 0.24 acre lot
Listing Description

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.

Location

1923 5TH Street

Sarasota, FL 34236

INWOOD PARK FIRST ADD

Questions & Answers

This 0-bedroom, 0-bathroom land at 1923 5TH Street is listed at $899,000. The estimated monthly payment is $4,808 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 0.24 acre lot.

This property is listed by Vlado Konatar.

VK

Vlado Konatar

Agent at Kona Realty

Listed by Kona Realty · Broker phone: (941) 718-8293 · View on Broker Site · Broker website

MLS# A4682868· Source: Stellar MLS· 252 days on PropertySimple

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1923 5TH Street, Sarasota, FL 34236

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