1923 5th St Sarasota, FL 34236
Downtown Sarasota NeighborhoodEstimated payment $7,493/month
About This Lot
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 Agent
PREFERRED SHORE LLC Brokerage Phone: 941-999-1179 License #3587429 Listed on: 10/07/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $7,207
Lot Details
- 10,500 Sq Ft Lot
- Property is zoned DTE
Community Details
- No Home Owners Association
- Inwood Park First Add Subdivision
Listing and Financial Details
- Legal Lot and Block 16 / 3
- Assessor Parcel Number 2026090007
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $6,873 | $490,800 | $490,800 | -- |
| 2023 | $6,873 | $464,900 | $464,900 | $0 |
| 2022 | $3,228 | $304,100 | $300,700 | $3,400 |
| 2021 | $2,756 | $225,400 | $221,500 | $3,900 |
| 2020 | $2,021 | $124,300 | $120,300 | $4,000 |
| 2019 | $2,100 | $129,600 | $125,700 | $3,900 |
| 2018 | $2,003 | $122,700 | $120,800 | $1,900 |
| 2017 | $2,024 | $122,800 | $120,800 | $2,000 |
| 2016 | $2,002 | $122,800 | $120,800 | $2,000 |
| 2015 | $1,953 | $122,900 | $120,800 | $2,100 |
| 2014 | $1,672 | $96,400 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/07/2025 10/07/25 | For Sale | $1,300,000 | +126.1% | -- | |
| 05/11/2022 05/11/22 | Sold | $575,000 | -8.7% | -- | View Prior Sale |
| 03/29/2022 03/29/22 | Pending | -- | -- | -- | |
| 03/25/2022 03/25/22 | For Sale | $629,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $100 | None Listed On Document | |
| Warranty Deed | $629,000 | Gibson Kohl & Wolff Pl | |
| Warranty Deed | $160,000 | Attorney | |
| Warranty Deed | $100,000 | Attorney | |
| Warranty Deed | $50,000 | -- |
Source: Stellar MLS
MLS Number: A4667630
APN: 2026-09-0007
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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.
Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
- 2022 5th St Unit 2022
- 1862 6th St Unit ID1287530P
- 1862 6th St Unit ID1287528P
- 1818 5th St
- 1818 5th St
- 1816 5th St Unit 1816
- 1930 9th St
- 2115 5th St Unit 2
- 1991 Main St
- 1991 Main St Unit Links B1 PH
- 1991 Main St Unit Links - B6
- 1991 Main St Unit Aster - B9
- 500 Audubon Place
- 1659 2nd St
- 1659 2nd St Unit 515
- 2194 Fruitville Rd
- 52 Audubon Place
- 508 Howard Ct
- 1771 Ringling Blvd Unit 604
- 445 N Orange Ave Unit 303