1923 5th St, photo 1
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Overview

0 baLand
TypeLand
HOANone listed
Lot10,500 sqft

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About this home

1923 5th St is a home in Inwood Park First Add, Sarasota. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

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.

The essentials

On market
240 days
Annual tax
$7,207
Flood zone
X · Low risk
Lot
10,500 sqft
Type
Land

At a glance

Payment

Est. monthly payment
$5,739/mo
Down payment (20%)
$179,800
Property taxes
$601/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Land
Year Built
-
Lot
10,500 sqft
Cooling
-
Heating
-
Parking
-
Days on Market
240
Flood Zone X
Annual Tax (2024)
$7,207
Parcel #
2026090007

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Inwood Park First Add
County
Sarasota
MLS Area
34236 - Sarasota
Lot Size
10,500 sqft

Price history

Date
Event
Price
9/25/2026
Price change
Source: Stellar MLS #A4682868
$899,000-6.8%
-
Price change
Source: Stellar MLS #A4682868
$965,000-22.8%
2/17/2026
Listed for sale
Source: Stellar MLS #A4682868
$1,250,000

Neighborhood

1923 5th St
Sarasota, FL, 34236 · 34236 - Sarasota

Calculator

Est. monthly payment
$5,739/mo
Principal & interest$4,689
Property taxes$601
Insurance$450
Down payment20% · $179,800
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$899,000

Time on market

240 days

Monthly payment

About $5,739/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $7,207 annual tax bill, insurance.

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Have another question?

Brokered byKONA REALTYListing agent: Vlado KonatarListing data from Stellar MLS, MLS# A4682868.

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