1923 5th Street
$1,650,000
10,500 / 0.24
Description
Shovel-Ready Luxury Condo Project in Red-Hot Gillespie Park – Approved & Profitable Opportunity. Introducing The Velocity Project, an exceptional opportunity to own prime land with a fully entitled and shovel-ready 6-unit luxury condo development in the booming Gillespie Park neighborhood of Sarasota, Florida. One quarter acre, zoned Downtown Edge (DTE). This architecturally inspired project is the ultimate turnkey investment, blending world-class design with the vibrant artsy vibe of one of Sarasota’s...Shovel-Ready Luxury Condo Project in Red-Hot Gillespie Park – Approved & Profitable Opportunity. Introducing The Velocity Project, an exceptional opportunity to own prime land with a fully entitled and shovel-ready 6-unit luxury condo development in the booming Gillespie Park neighborhood of Sarasota, Florida. One quarter acre, zoned Downtown Edge (DTE). This architecturally inspired project is the ultimate turnkey investment, blending world-class design with the vibrant artsy vibe of one of Sarasota’s most dynamic and rapidly appreciating neighborhoods. Fully Entitled & Approved: Complete Development Review Committee (DRC) approvals, with a 6-week estimated timeline to secure permits after submission. Turnkey Package Included: Purchase includes full architectural plans, detailed studies, construction cost analysis, and supporting documentation—everything you need to break ground immediately. World-Class Design: Created by the award-winning Solstice Architecture Firm, the design takes inspiration from the coastal elegance of Spain and Portugal, seamlessly blending luxury with Sarasota’s unique charm. Luxury Amenities: Thoughtfully designed with six spacious, high-end residences, offering premium features and exceptional livability. Profitable Investment: With all studies and projections completed, this project is poised to deliver strong returns in one of Sarasota’s fastest-growing areas. The Location: Gillespie Park is undergoing a vibrant renaissance, transforming into Sarasota’s next great destination for urban living. Just blocks from downtown, this neighborhood offers an eclectic mix of boutiques, cafes, restaurants, and diverse architectural styles. As one of the last truly affordable areas near the city center, Gillespie Park is seeing unprecedented demand for high-end living spaces, making this project a golden opportunity for investors and developers alike. This is your chance to own a piece of Sarasota’s future while benefiting from the hard work already done. From fully approved plans to a booming location, The Velocity Project is the ideal blend of convenience, luxury, and profitability. Don't miss out—this opportunity won’t last long. Contact us today for full project details, financial projections, studies, plans, DRC approval, construction quotes, and to schedule a site tour.
- Listed by Mark Coppens • LIVING VOGUE LLC
Property Details for 1923 5th Street
Subdivision Name
GILLESPIE PARKL
Township36S
ViewCity
WaterfrontNo
LISTING UPDATED: 12/05/2024 01:00 AM
Property Details for 1923 5th Street
Status | Active |
---|---|
MLS # | A4631424 |
Days on Market | 14 |
Taxes | $6,991 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land |
Year Built | - |
Lot Size | 0.24 AC |
County | Sarasota County |
Building Information for 1923 5th Street
Lot Size0.24 AC
Property Information for 1923 5th Street
Property History for 1923 5th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1923 5th Street
Taxable ValueLand$464,900Additions-Total$464,900
Tax Record2023$6,873 ($573 / month)
Home Facts
Beds0Lot Size10,500 SqFtStyleResidentialZoningDTECountySARASOTAAPN2026-09-0007
Schools near 1923 5th Street
This home is within Sarasota.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Alta Vista Elementary School PublicPK to 5 | ||
Booker Middle School Public6 to 8 | ||
Booker High School Public9 to 12 | ||
Sarasota Military Academy Charter6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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