Land - Real Estate in Sarasota
Listing Price: $1,250,000 (Mortgage Calculator →)
Description of Property
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.
Property Details At A Glance
Property Type: Land
City: Sarasota
County: Sarasota
Subdivision: Inwood Park First Add
Annual Tax: $7,207
Taxes and fees can change periodically, and other fees may apply. Please check with your Suncoasteam agent for more details.
Sewer: Public Sewer
Water Source: Public
Lot Information
Lot Size (acres): 0.24
Lot Size (sq. ft.): 10,500 square feet
Lot Dimensions: 20,629sq ft
Legal Description & Other Information
Financing Available: VA Loan
Parcel Number: 2026090007
Zoning: DTE
Tax Legal Desc.: LOTS 16 18 20 & 22 BLK 3 INWOOD PARK 1ST ADD
Section: 19
Range: 18
Listing courtesy of KONA REALTY. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.