1923 5TH ST, Sarasota, FL 34236
1923 5TH ST, Sarasota, FL 34236
1923 5TH ST, Sarasota, FL 34236
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Team At The Comerford Group

Team At The Comerford Group

+1(941) 586-3229
$1,250,000
Est. payment /mo
10,454 Sqft Lot
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Key Details

Property Type Vacant Land

Sub Type Residential

Listing Status Active

Purchase Type For Sale

Subdivision Inwood Park First Add

MLS Listing ID A4682868

HOA Y/N No

Annual Tax Amount $7,207

Lot Size 10,454 Sqft

Acres 0.24

Lot Dimensions 20,629sq ft

Property Sub-Type Residential

Source Stellar MLS

Property Description

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.

Location

State FL

County Sarasota

Community Inwood Park First Add

Area 34236 - Sarasota

Zoning DTE

Exterior

Utilities Available Other

Building

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Others

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4682868

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Stellar MLS
© 2026 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by Vlado Konatar KONA REALTY

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1923 5TH ST

Team At The Comerford Group
Team At The Comerford Group

Team Leader | Broker Associate | License ID: BK3455404

+1(941) 586-3229 | team@thecomerfordgroupfl.com

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