Homes for sale - 1923 5TH ST, Sarasota, FL 34236

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Mari Colgan

mari@maricolgan.com +1(813) 453-7110

$ 1,650,000

Est. payment | -/mo

10,454 Sqft Lot

Save

$ 1,650,000

Est. payment | -/mo

Save

10,454 Sqft Lot

Key Details

Property Type Vacant Land

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Gillespie Parkl

MLS Listing ID A4631424

HOA Y/N No

Originating Board Stellar MLS

Annual Tax Amount $6,990

Lot Size 10,454 Sqft

Acres 0.24

Lot Dimensions 100 X 105

Property 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 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.

Location

State FL

County Sarasota

Community Gillespie Parkl

Zoning DTE

Exterior

Utilities Available Cable Available, Electricity Available, Fiber Optics, Other, Phone Available, Public, Sewer Available, Street Lights, Water Available

View City

Building

Lot Description Buildable, Cleared, City Limits, Near Public Transit, Sidewalk, Street Lights

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Schools

Elementary Schools Alta Vista Elementary

Middle Schools Booker Middle

High Schools Booker High

Others

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Listed by LIVING VOGUE LLC

"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(813) 453-7110

mari@maricolgan.com

1923 5TH ST Sarasota, FL 34236