Real Estate

Year in Review

The Most Notable Real Estate Stories of 2024

New developments galore. A catastrophic hurricane season. Record sales. Headway on affordable housing. It was quite a year for the local real estate market.

12/18/2024 By Kim Doleatto

Spared!

Local Leaders Strike Deal to Save the Colson Hotel for Good

Recently slated for demolition to make way for new townhomes, the historic hotel in the Rosemary District has officially been saved.

12/17/2024 By Kim Doleatto

Fruitville Hospitality

A New Hotel Is Probably Coming to Downtown Sarasota

A developer purchased three single-story addresses on Fruitville Road that, if approved, would be demolished to make way for a proposed 10-story hotel.

12/16/2024 By Kim Doleatto

Palm Up

Another Condo Development Is Going Up in Downtown Sarasota

With five stories and 12 units, 625 Sarasota at The Palm broke ground last week. Prices start at around $2.5 million each.

11/26/2024 By Kim Doleatto

real estate report

From Surge to Slowdown, Sarasota-Manatee Housing Market Faces Shifting Tides

Closed sales drop, inventory rises and time-to-sale stretches as the real estate market responds to economic pressures and storm recovery.

11/22/2024 By Kim Doleatto

Q & A

Three Local Realtors Share Their Thoughts on Sarasota's Post-Hurricane Residential Real Estate Market

Debi Reynolds, Terrence Cook and Tony Barrett discuss the effects of an unprecedented hurricane season on the local market, which was already experiencing a shift.

11/19/2024 By Kim Doleatto

Sunny Side Up

Sarasota Ranks No. 4 on U.S. News & World Report's List of Best Places to Retire in 2025

This year's list marked Sarasota's return to the top five for the first time since 2021.

11/18/2024 By Kim Doleatto

Sneak Peek

Inside Aster & Links, Downtown Sarasota's Newest Luxury Rental Development

Two 10-story buildings bring 420 units to the market, plus 50,000 square feet of retail space. Let's take a look inside.

11/15/2024 By Kim Doleatto

Engle-Would

New Residential Construction Is Breaking Ground in Englewood

PulteGroup is launching The Shores at Stillwater, a 256-unit residential development with prices starting in the mid-$300,000s. In this post-hurricane world, there could be increased demand for new construction.

11/08/2024 By Kim Doleatto

Born Again

The Oldest Home in Bradenton Is on the Market

Built in 1871 by some of the area's first settlers, the restored Tole Fogarty House proved history reigns. Now it can be yours for $2.15 million.

11/08/2024 By Kim Doleatto

Venice Rising

Almost 300 New Rental Units Are Headed to Venice

Set to break ground in January and identified as "attainable housing," Altera Jacaranda will bring 280 one- to three-bedroom rental units divided among five four-story buildings.

11/06/2024 By Kim Doleatto

Condo High

A Record-Crushing Condo Sale Bucks a Market Slump

At $21,244,000, a double condo sale at the Residences at the St. Regis Longboat Key Resort shows that hurricanes can't stifle the need for more beach.

11/04/2024 By Kim Doleatto

Big Deal

Sarasota County's Purchase of Albritton Fruit Farms Is Final

The property will provide soil for covering waste at the county landfill located just south of the farm and "will not be used as a landfill," according to a county spokesperson.

10/29/2024 By Kim Doleatto

Market Report

New Real Estate Data Shows More Inventory, Longer Time to Sale

It’s still too early to see the effects Hurricanes Helene and Milton had on our real estate market—but no matter what, there's a trend toward a cooldown from the past few frenzied years.

10/25/2024 By Kim Doleatto

The Latest

The Local Real Estate Market Is Seeing a Summer Slowdown

It's common to see declines in the summer as snowbirds leave and local tourism slows, but there are bigger forces at work, too.

09/20/2024 By Kim Doleatto

Wellen up

A New Community Is Headed to Wellen Park in South Sarasota County

Esplanade at Wellen Park is set to bring 877 new units to the market starting in early 2026.

09/19/2024 By Kim Doleatto

On One Condition

The Owners of Mira Mar Plaza Want to Rehabilitate the Property While Adding Two 18-Story Towers Next Door

Whether the developer can navigate the necessary zoning changes and community concerns will determine the proposal's fate. An upcoming workshop will offer a chance for public feedback.

09/12/2024 By Kim Doleatto

Second Gen School

A Thoughtfully Updated Oyster Bay Home Built in the Spirit of the Sarasota School Hits the Market

The Quail Drive home has a unique blend of history and modernity. It's on the market for $2,295,000.

09/09/2024 By Kim Doleatto

Green Light

Investors Have Purchased the Lime Arts Building. Good News: Nothing Is Changing.

A respectful restoration by developer Howard Davis made this iconic teal-colored building a beloved destination for creatives. Its new owners agree.

08/28/2024 By Kim Doleatto

Market Report

The Local Real Estate Market Is Seeing Pre-Pandemic Inventory Supply and Softening Prices

The latest data shows the area’s highest inventory levels since 2019.

08/23/2024 By Kim Doleatto

Sarasota Magazine