About 1923 5th Street
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.
Features of 1923 5th Street
| MLS® # | A4682868 |
|---|---|
| Price | $965,000 |
| Acres | 0.24 |
| Type | Land |
| Sub-Type | Land |
| Status | Active |
Listing Details
| Office | KONA REALTY |
|---|
Listing Map
Neighborhood Information for 1923 5th Street
Very Rapid Population Growth, Moderate Residential Turnover, Coastal Area
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Westcoast School For Human Development Private - Kindergarten to 12Th Grade - Closest Elementry School |
0 Miles | |
|
Sarasota Military Academy Public - 9Th Grade to 12Th Grade |
0 Miles | |
|
|
Agape Christian School Of Sarasota Private - Kindergarten to 12Th Grade |
1 Miles | |
|
Sarasota School Of Arts/Sciences Public - 6Th Grade to 8Th Grade |
1 Miles | |
|
|
Children First Public - Preschool to Preschool |
1 Miles | |
|
Tuttle Elementary School Public - Kindergarten to 5Th Grade |
1 Miles | |
|
|
Sarasota High School Public - 9Th Grade to 12Th Grade - Closest High School |
1 Miles |
School data provided by GreatSchools