# 1923 5TH Street, Sarasota, FL 34236 > **TL;DR:** land, $899,000. Est. $4,808/mo. Listed 255 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $899,000 | | Lot Size | 10,454 sqft (0.24 acres) | | Property Type | Land (Other) | | Status | Active | | Days on Market | 255 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $4,546 | | Estimated Insurance | $262 | | **Total** | **$4,808** | ## Property Highlights - 0.24 acre lot ## Description ### Agent Description 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. ## Location - **Address:** 1923 5TH Street, Sarasota, FL 34236 - **County:** Sarasota - **Neighborhood:** INWOOD PARK FIRST ADD - **Coordinates:** 27.340599, -82.531616 - **Google Maps:** https://www.google.com/maps?q=27.340599,-82.531616 ## Virtual Tour & Media - **Video Tour:** https://www.propertypanorama.com/instaview/stellar/A4682868 ## Listing Agent - **Name:** Vlado Konatar - **Brokerage:** Kona Realty - **Broker Phone:** (941) 718-8293 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/1923-5th-St_Sarasota_FL_34236_M52986-25452?f=listhub&s=MFRMLSFL&m=A4682868&c=propsimple) ## Photos ![1923 5TH Street - Photo 1](http://lh.rdcpix.com/f80587c5b2b9b392fab7e107d3ea626fl-f4188511927r.jpg) ![1923 5TH Street - Photo 2](http://lh.rdcpix.com/f80587c5b2b9b392fab7e107d3ea626fl-f2065680773r.jpg) ![1923 5TH Street - Photo 3](http://lh.rdcpix.com/f80587c5b2b9b392fab7e107d3ea626fl-f1533969433r.jpg) ![1923 5TH Street - Photo 4](http://lh.rdcpix.com/f80587c5b2b9b392fab7e107d3ea626fl-f2160989194r.jpg) ![1923 5TH Street - Photo 5](http://lh.rdcpix.com/f80587c5b2b9b392fab7e107d3ea626fl-f3317478132r.jpg) ![1923 5TH Street - Photo 6](http://lh.rdcpix.com/f80587c5b2b9b392fab7e107d3ea626fl-f1181503170r.jpg) ![1923 5TH Street - Photo 7](http://lh.rdcpix.com/f80587c5b2b9b392fab7e107d3ea626fl-f2551838369r.jpg) ![1923 5TH Street - Photo 8](http://lh.rdcpix.com/f80587c5b2b9b392fab7e107d3ea626fl-f609592871r.jpg) ![1923 5TH Street - Photo 9](http://lh.rdcpix.com/f80587c5b2b9b392fab7e107d3ea626fl-f4029368360r.jpg) ![1923 5TH Street - Photo 10](http://lh.rdcpix.com/f80587c5b2b9b392fab7e107d3ea626fl-f3043881016r.jpg) ![1923 5TH Street - Photo 11](http://lh.rdcpix.com/f80587c5b2b9b392fab7e107d3ea626fl-f2660115019r.jpg) ![1923 5TH Street - Photo 12](http://lh.rdcpix.com/f80587c5b2b9b392fab7e107d3ea626fl-f1803065810r.jpg) ![1923 5TH Street - Photo 13](http://lh.rdcpix.com/f80587c5b2b9b392fab7e107d3ea626fl-f3686905766r.jpg) ![1923 5TH Street - Photo 14](http://lh.rdcpix.com/f80587c5b2b9b392fab7e107d3ea626fl-f1184800162r.jpg) ![1923 5TH Street - Photo 15](http://lh.rdcpix.com/f80587c5b2b9b392fab7e107d3ea626fl-f3245904035r.jpg) ![1923 5TH Street - Photo 16](http://lh.rdcpix.com/f80587c5b2b9b392fab7e107d3ea626fl-f3962554128r.jpg) ![1923 5TH Street - Photo 17](http://lh.rdcpix.com/f80587c5b2b9b392fab7e107d3ea626fl-f2222462096r.jpg) ![1923 5TH Street - Photo 18](http://lh.rdcpix.com/f80587c5b2b9b392fab7e107d3ea626fl-f3737597706r.jpg) ![1923 5TH Street - Photo 19](http://lh.rdcpix.com/f80587c5b2b9b392fab7e107d3ea626fl-f552301262r.jpg) ![1923 5TH Street - Photo 20](http://lh.rdcpix.com/f80587c5b2b9b392fab7e107d3ea626fl-f3516300091r.jpg) ![1923 5TH Street - Photo 21](http://lh.rdcpix.com/f80587c5b2b9b392fab7e107d3ea626fl-f3819643423r.jpg) ![1923 5TH Street - Photo 22](http://lh.rdcpix.com/f80587c5b2b9b392fab7e107d3ea626fl-f1467829903r.jpg) ![1923 5TH Street - Photo 23](http://lh.rdcpix.com/f80587c5b2b9b392fab7e107d3ea626fl-f500562299r.jpg) ![1923 5TH Street - Photo 24](http://lh.rdcpix.com/f80587c5b2b9b392fab7e107d3ea626fl-f1098674046r.jpg) ![1923 5TH Street - Photo 25](http://lh.rdcpix.com/f80587c5b2b9b392fab7e107d3ea626fl-f2333176134r.jpg) --- **MLS#:** A4682868 | **Updated:** 2026-10-20 **Source:** listhub *Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://staging.propertysimple.ai/listing/1923-5th-street-sarasota-fl-34236-8e0f15073e9e4df99f9785ff5f2260c7) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/1923-5th-street-sarasota-fl-34236-8e0f15073e9e4df99f9785ff5f2260c7#listing", "url": "https://staging.propertysimple.ai/listing/1923-5th-street-sarasota-fl-34236-8e0f15073e9e4df99f9785ff5f2260c7", "name": "1923 5TH Street, Sarasota, FL 34236", "description": "The Velocity Project presents an exceptional opportunity to acquire a shovel-ready luxury condominium development in Sarasota's rapidly growing Gillespie Park neighborhood. 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