1923 5th St Sarasota, FL 34236
Downtown Sarasota NeighborhoodEstimated payment $5,829/month
About This Lot
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.
Listing Agent
KONA REALTY Brokerage Phone: 941-718-8293 License #3371231 Listed on: 02/17/2026
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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $8,105 | $539,880 | -- | -- |
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/02/2026 06/02/26 | Price Changed | $965,000 | -22.8% | -- | |
| 02/17/2026 02/17/26 | For Sale | $1,250,000 | +117.4% | -- | |
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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: A4682868
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.
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. Some IDX listings have been excluded from this website. 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.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
- 1816 5th St Unit 1816
- 510 N Osprey Ave
- 434 N Osprey Ave Unit 4
- 2066 7th St
- 2068 Fruitville Rd
- 1991 Main St
- 2117 5th St Unit Front House
- 1751 6th St
- 1742 8th St
- 500 Audubon Place
- 1659 2nd St Unit 515
- 1659 2nd St Unit 109
- 1684 9th St
- 2194 Fruitville Rd
- 1661 8th St Unit 1
- 1771 Ringling Blvd Unit 603
- 1600 8th St Unit 106
- 1600 8th St Unit 205
- 1909 Morrill St Unit 1909 Morrill St
- 1558 4th St Unit 208
Ask me questions while you tour the home.