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.
Property Details
Property Features
Listing Office:
Office Name: LIVING VOGUE LLC
Office Phone: (800) 486-1794
Listing Agent: Mark Coppens
Exterior Features
Exterior Information:
View: City
Lot Features
Lot Information:
Lot: Cleared, City Lot, Near Public Transit, Sidewalk
Lot Size: 0.24 Acres
Other
Directions Information:
Directions: South on 301 to 5th street, turn right on 5th and property is the second from the corner.
Price Information
Listing Price Info
Price Summary:
List Price: $1,650,000
Tax Information:
Annual Amount: $2,021
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Sarasota, FL.
This property is $1.1M more than the Median Sold Price in Sarasota, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MFRMLS
MLS Number: #A4631424
Listing Office:
Office Name: LIVING VOGUE LLC
Office Phone: (800) 486-1794
Listing Agent: Mark Coppens
Listings courtesy of Stellar MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 10:19:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Apr 13, 2018
Apr 13, 2018Home Sold
$160,000
Jul 16, 2012
Jul 16, 2012Home Sold
$100,000
Jul 23, 1998
Jul 23, 1998Home Sold
$50,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$2,021
$124,300
2019
$2,100
$129,600
2018
$2,003
$122,700
2017
$2,024
$122,800
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Tuttle Elementary School
2863 8th St
Distance between this listing and this school1.19 miles
Public District Grades PK-5
4
/10
Emma E. Booker Elementary School
2350 Dr Martin Luther King Way
Distance between this listing and this school1.29 miles
Public District Grades PK-5
7
/10
Alta Vista Elementary School
1050 S Euclid Ave
Distance between this listing and this school1.33 miles
Public District Grades PK-5
Nearby Schools
7
/10
Sarasota School of Arts/Sciences
717 Central Ave
Distance between this listing and this school0.72 miles
Public Charter Grades 6-8
2
/10
Suncoast School for Innovative Studies
845 S School Ave
Distance between this listing and this school1.63 miles
Public Charter Grades PK-8
3
/10
Booker Middle School
2250 Myrtle St
Distance between this listing and this school1.94 miles
Public Magnet Grades 6-8
Nearby Schools
4
/10
Sarasota Military Academy
801 N Orange Ave
Distance between this listing and this school0.51 miles
Public Charter Grades 6-12
4
/10
Sarasota High School
2155 Bahia Vista St
Distance between this listing and this school1.15 miles
Public District Grades 9-12
3
/10
Booker High School
3201 N Orange Ave
Distance between this listing and this school1.85 miles
The neighbors living near this home have an average income of $24,124. Residents of Sarasota, FL typically earn less than $35k each year. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1923 5th St
What is the listing price of this property?
The listing price of 1923 5th St property is $1,650,000.
What type of property is this?
The property 1923 5th St is land located in Sarasota, Florida, 34236.
Is this property for sale now?
Active Listing: 1923 5th St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $2,021 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on April 13, 2018 for $160,000. (source: MLS/tax record).
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This home is located at 1923 5th St in Sarasota, FL and zip code 34236 in the Gillespie Park neighborhood. This home sits on a 0.24 acre lot. It has been listed on Rocket Homes since December 05, 2024 and is currently priced at $1,650,000.
While more than 12 listings in Sarasota, FL in November 2024 were sold above asking price, there were more than 48 listings sold at asking price, and more than 237 were sold below. Between October 2024 and November 2024, Sarasota, FL real estate market has seen increase in the number of listings by 9.7%. The median list price of listings available in November 2024 was $515,531, while the average time on the real estate market was 76 days.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
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