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.
Property Details
- Acres
- 0.24
- Property Type
- Purchase
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Utility Features
- Other
- Subdivision
- INWOOD PARK FIRST ADD
- County
- Sarasota
- Region
- SARASOTA
- Zoning
- DTE
- Original List Price
- $1,250,000
- Days on Market (Cumulative)
- 204
- Taxes Annual
- $7,207
- Ownership
- Fee Simple
- MLS #
- A4682868
- Property Subtype
- Land
- Parcel Number
- 2026090007
- MLS #
- A4682868
- Date Listed
- February 17, 2026
- Address
- 1923 5TH STREET
Location
Legal
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: George Fleischmann | AveNew Realty
Provided By
Listed by Vlado Konatar (#MFR281527432)
Listing Office: KONA REALTY (#MFR281531896)
