$1,250,000

1923 5th Street Sarasota, FL 34236 Land - Residential Active

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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.

Property Highlights

Property Type: Land - Residential
Lot Size: 0.24 Acres
Taxes: $7,207

General Information

County: Sarasota
Subdivision: INWOOD PARK FIRST
Listed By:
Vlado Konatar KONA REALTY 941-718-8293

Property Features

Days on Site: 13
Directions: South on 301 to 5th street, turn right on 5th and property is the second from the corner.
Flood Zone Code: X
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, FHA, VA Loan
Lot Dimensions: 0.24
Ownership: Fee Simple
Property Attached Y/N: No
Sewer: Public Sewer
Showing Instructions: Call Listing Agent, Go Direct
Special Sale Provisions: None
Utilities: Other
Water: Public
Water Access Y/N: No
Zoning: DTE
$1,250,000
Active
LOT SIZE 0.240 acres MLS#A4682868
STATUSActive PROPERTY TYPELand - Residential SUBDIVISIONINWOOD PARK FIRST

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1923 5th Street, Sarasota, FL 34236.

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Estimated Payment

$ 5,181.21 per month $4,216.04 Principal & Interest $600.58 Property Tax $364.58 Homeowner's Insurance

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About this area

Florida/Sarasota
Sarasota

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About Sarasota

Sarasota, FL is a cultural gem. Once home to the Ringling Brothers Circus, Sarasota boasts a rich arts scene that brings people from all over the area to enjoy world-class theater, music, and other performing arts. Sarasota is also a haven with spectacular scenery, turquoise water and white sandy beaches. It offers a delightful downtown with a variety of small boutiques and exceptional restaurants. With its dynamic culture and arts scene and incredible natural beauty, Sarasota is a wonderful place to call “home.” 

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