Florida
Sarasota
1923 5TH STREET

$1,300,000

1923 5TH STREET, Sarasota, FL 34236

Land
Built in ——
10,454sqft lot
—— car garage
$——/sqft
Listed 1 day ago

Property Description

Pre-Construction. To be built. Introducing The Velocity Project, a shovel-ready luxury condo development opportunity in the vibrant Gillespie Park neighborhood of Sarasota, Florida. The purchase includes full architectural plans, detailed studies, construction cost analysis, and supporting documentation, making it a true turnkey investment. Gillespie Park's rapid appreciation and demand for high-end living spaces make The Velocity Project a lucrative opportunity for investors and developers. This pre-construction project offers a profitable and convenient investment with all necessary approvals and plans in place. With complete Development Review Committee (DRC) approvals and an estimated 6-week permit timeline, investors can break ground immediately. The project features a fully entitled and approved design by the award-winning Solstice Architecture Firm, inspired by the coastal elegance of Spain and Portugal. The development includes six spacious, high-end residences with luxury amenities, offering premium features and exceptional livability. The Velocity Project is sited on a quarter-acre parcel zoned Downtown Edge (DTE), in a area that is experiencing a dynamic transformation, with a mix of boutiques, cafes, restaurants, and unique architectural styles. Don't miss out on the chance to own a piece of Sarasota's future while benefiting from the extensive work already completed. Contact us today for full project details, financial projections, studies, plans, DRC approval, construction quotes, and to schedule a site tour.

Listing Status:: Active
Date Added:: October 7, 2025 at 05:00AM
Listing Office:: PREFERRED SHORE LLC : 941-999-1179
Listing Agent:: Katie Cobb : 913-744-0248
MLS ID:: A4667630

Road/Access: Paved
Originating MLS: Stellar MLS
County: Sarasota

Zoning: DTELOTS 16 18 20 & 22 BLK 3 INWOOD PARK 1ST ADD2026090007
Current Use: Residential

Utilities: Other
Water: Public
Sewer: Public Sewer

Source: Stellar MLS

This listing courtesy of Katie Cobb, PREFERRED SHORE LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Tuttle Elementary School

2863 8th St, Sarasota, FL, 34237

Grades PK-5

1.19 miles away

Sarasota Military Academy

801 N Orange Ave, Sarasota, FL, 34236

Grades 6-12

0.51 miles away

Sarasota Military Academy

801 N Orange Ave, Sarasota, FL, 34236

Grades 6-12

0.51 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.