1923 5th Street, Sarasota, FL 34236
Local realty services provided by:Better Homes and Gardens Real Estate Synergy
Listed by: vlado konatar
Office: kona realty
MLS#:A4682868
Source:MFRMLS
Price summary
- Price:$1,250,000
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....
Contact an agent
Home facts
- Listing ID #:A4682868
- Added:52 day(s) ago
- Updated:April 11, 2026 at 12:00 PM
Structure and exterior
- Lot area:0.24 Acres
- Levels:1 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,250,000
- Tax amount:$7,207 (2024)
Features and amenities
- Pool features:Public Pool
New listings near 1923 5th Street
- New
$5,000,000Active4 beds 6 baths3,262 sq. ft.1800 Webber Street, SARASOTA, FL 34239
MLS# A4687153Listed by: PHAM REALTY GROUP LLC - New
$350,000Active2 beds 2 baths1,456 sq. ft.7354 W Country Club Drive N, SARASOTA, FL 34243
MLS# A4689516Listed by: RE/MAX ALLIANCE GROUP - New
$339,000Active2 beds 2 baths2,228 sq. ft.7287 Eleanor Circle #15, SARASOTA, FL 34243
MLS# A4689525Listed by: MEDWAY REALTY - New
$299,900Active2 beds 2 baths1,374 sq. ft.6519 Draw Lane #79, SARASOTA, FL 34238
MLS# A4689639Listed by: DEBBIE HERING REALTY & ASSOC. - New
$199,000Active2 beds 2 baths985 sq. ft.2946 Clark Road #2946, SARASOTA, FL 34231
MLS# A4689366Listed by: KELLER WILLIAMS ISLAND LIFE REAL ESTATE - New
$289,000Active4 beds 2 baths1,417 sq. ft.3642 Dover Drive, SARASOTA, FL 34235
MLS# A4689634Listed by: ALLEGIANT REAL ESTATE GROUP - New
$389,900Active4 beds 3 baths2,428 sq. ft.437 Sapphire Drive, DAVENPORT, FL 33837
MLS# L4960996Listed by: 54 REALTY LLC - New
$464,950Active3 beds 2 baths1,711 sq. ft.5929 Murdock Avenue, SARASOTA, FL 34231
MLS# A4687404Listed by: COMPASS FLORIDA LLC - Open Sun, 1 to 4pmNew
$1,000,000Active2 beds 2 baths1,194 sq. ft.5830 Midnight Pass Road #T22, SARASOTA, FL 34242
MLS# A4689210Listed by: MICHAEL SAUNDERS & COMPANY - New
$1,250,000Active2 beds 3 baths2,117 sq. ft.50 Central Avenue #16-C, SARASOTA, FL 34236
MLS# A4689102Listed by: FINE PROPERTIES