1923 5th Street, FL1923 5th Street, FL1923 5th Street, FL
Stellar MLS
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$965,000

1923 5th Street

Sarasota, FL 34236

Listing updated: June 2, 2026 at 4:48 PM ET

Active
Stellar MLSListing courtesy of Kona Realty · Vlado Konatar · MLS #A4682868 · Active · 941-718-8293
0
Baths
0.24
Acres
$92/sqft360° tour
Land

Property type

10,500 sqft

Lot size

$92

Price / sq ft

No HOA

HOA dues

105

Days on market

X

Flood zone

About this home

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.

Local Insight

At $965K for a quarter-acre lot in Sarasota's Inwood Park area, you're paying for location in an established neighborhood near downtown, but this is raw land with no structures—so factor in significant construction costs before comparing to finished homes. The lack of flood zone designation is a genuine plus for this price point, though you'll want to verify utilities access and any local development restrictions since the lot is relatively small and already surrounded by existing homes. The real question is whether you're buying this to build your own home or as a speculative play, because the per-square-foot metric is almost meaningless on vacant land—what matters is what you can actually build here and what it'll cost.

AI-generated insight based on listing data and neighborhood context. Verify independently.

Estimated monthly payment

Principal & interest$4,880
Property taxes$601
Home insurance (est.)$442

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history105 days on market

  1. Status: Active
    Feb 17, 2026
  2. Listed$1,250,000
    Feb 17, 2026
  3. Price reduced$965,000

Facts & features

Property type
Land
Status
Active
Days on market
105
Subdivision
Inwood Park First Add
County
Sarasota
Price/sq ft
$92
Lot size
10,500 sq ft
Lot category
0 to less than 1/4
Flood zone
X (12115C0133G)
Annual taxes
$7,207 (2024)
Parcel #
2026090007
Zoning
DTE
MLS #
A4682868

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HOA & Financial

Total monthly fees
$0/mo
Total annual fees
$0
Listing terms
Cash, Conventional, FHA, VA Loan
Ownership
Fee Simple

Exterior & Construction

Road surface
Paved

Utilities

Sewer
Public Sewer
Water source
Public
Utilities
Other

Listing Details

Listing date
2026-02-17
On market date
2026-02-17
Original list price
$1,250,000
MLS area
34236 - Sarasota
Listing AOR
Sarasota - Manatee
Status changed
2026-02-17
Tax legal description
LOTS 16 18 20 & 22 BLK 3 INWOOD PARK 1ST ADD

Flood risk

Minimal riskFEMA Zone XPanel 12115C0133G

Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

Directions

South on 301 to 5th street, turn right on 5th and property is the second from the corner.

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MLS GRID

Listings courtesy of Stellar MLS as distributed by MLS GRID

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the MLS GRID as of June 2, 2026 at 4:48 PM ET. 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.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA