1923 5th Street

Sarasota, FL 34236

$1,650,000
Price
10,500 / 0.24
Lot Size / Acres

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.
  1. Listed by Mark Coppens • LIVING VOGUE LLC

Property Details for 1923 5th Street

Subdivision Name
GILLESPIE PARKL
Township
36S
View
City
Waterfront
No
LISTING UPDATED: 12/05/2024 01:00 AM

Property Details for 1923 5th Street

StatusActive
MLS #A4631424
Days on Market14
Taxes$6,991 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size0.24 AC
CountySarasota County

Building Information for 1923 5th Street

Lot Size0.24 AC

Property Information for 1923 5th Street

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Direction Faces: South
  • Directions: South on 301 to 5th street, turn right on 5th and property is the second from the corner.
  • Elementary School: Alta Vista Elementary
  • Middle Or Junior School: Booker Middle
  • High School: Booker High
  • Mls Major Change Type: New Listing
  • Major Change Type: New Listing
  • Listing Service: Full Service
  • Road Frontage Type: City Street
  • SW Subdiv Community Name: Inwood Park
  • Street Number: 1923
  • Street Name: 5TH
  • Street Suffix: STREET
  • State: FL
  • City: SARASOTA
Taxes and HOA Information
  • Tax Block: 3
  • Tax Book Number: A-23
  • Tax Legal Description: LOTS 16 18 20 & 22 BLK 3 INWOOD PARK 1ST ADD
  • Tax Lot: 16
  • Tax Year: 2024
Property
Lot Information
  • Additional Parcels: No
  • Current Adjacent Use: Residential
  • Current Use: Mixed Use
  • Lot Features: Buildable, Cleared, In City Limits, Near Public Transit, Sidewalk, Street Lights
  • Lot Size Dimensions: 100 X 105
  • Parcel Number: 2026090007
  • Total Acreage: 0 to less than 1/4
  • Water Access: No
  • Water Extras: No
  • Zoning: DTE
  • Zoning Compatible: Yes
  • Lot Dimensions: 100 X 105
Property and Assessments
  • Flood Zone Code: X
  • Public Survey Range: 18E
  • Public Survey Section: 19
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Fiber Optics, Other, Phone Available, Public, Sewer Available, Street Lights, Water Available
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Front Footage: 100
  • Pool: None
  • Pool Private: No
  • Waterfront Feet Total: 0
Interior Features
  • Living Area Units: Square Feet
  • Water View: No

Property History for 1923 5th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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1923 5th Street is a 0.24 ac of land for sale in Sarasota, FL 34236. This property was listed for sale on December 4, 2024 by LIVING VOGUE LLC, it's currently listed at $1,650,000. It has been on the market for a total of 14 days and was last sold on May 11, 2022. This listing's school district is Sarasota. Nearby schools include Alta Vista Elementary School, Booker Middle School and Booker High School. 1923 5th Street is a 0-bed, 0-bath, 0.24 ac of land on a 10,500 sq. ft. / 0.24 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LIVING VOGUE LLC, Mark Coppens

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