As we look ahead to 2025, there’s a fresh energy and optimism for the Siesta Key real estate market. Yes, the fall of 2024 delivered its share of challenges—Hurricanes Helene and Milton left their marks, bringing historic flooding and winds, and testing the resilience of our island community. But as a 30-year resident, if there’s one thing I know about Siesta Key, it’s this: we will come back stronger and than ever.

The immediate aftermath of Hurricanes Helene in late September and Milton just two weeks later was significant. Many single-family homes and condos—especially those in flood-prone areas—were withdrawn for sale in the MLS from September 24^th to December 12th (40 single-family and 48 condos) as homeowners prepared for the impending storms, assessed damage and considered their next steps.

During the same time, 22 single-family homes and 26 condos managed to sell, and 38 properties went under contract, proving the resilience and demand within this property segment. Delays in rebuilding or renovating are largely due to FEMA limitations (the 50% Rule), where severe damage requires rebuilding rather than renovation.

While no one wishes for storms, they often bring new opportunities. Siesta Key is on the cusp of transformation, one that will see new construction redefine the landscape. For many homeowners, rebuilding from the ground up means better designs, elevated structures, and homes that meet modern standards for safety, efficiency, and style.

This new wave of construction will have two major impacts. With FEMA restrictions limiting renovations for some homes, the market will experience a reduction in inventory for lower-priced properties. This scarcity will drive up demand—and, in turn, property values—for homes and condos that fall within these categories. At the same time, new properties are already under construction, and the results will be stunning—modern designs, flood-resistant architecture, and elevated features that attract today’s buyers. Siesta Key’s charm will survive, and this refreshed inventory will add a contemporary appeal to our already coveted island.

The numbers speak for themselves. Even during one of the slowest seasons for condo sales--after snowbirds have headed north for the summer, the post-hurricane market showed incredible strength. The average price per square foot for condos was $699.32, while single-family homes averaged $735.80. A total of 45 condos were sold, with an average of 100 days to contract. These figures reflect strong confidence in Siesta Key’s market. Buyers are still eager to secure their slice of paradise, and sellers who position their homes effectively are seeing results.

Amid Siesta Key’s transformation, a few standout opportunities showcase the market’s resilience and potential for reinvention. These properties, each with their own unique story, reflect the opportunity to create or rebuild your dream coastal retreat in this extraordinary island paradise.

3460 Flamingo Avenue, Siesta Key, FL 34242, offered at $5,500,000 - This gated 1.27-acre estate is a boater's paradise, offering 178 feet of sailboat waterfront with oversized dockage and unparalleled access to the Gulf of Mexico via deep boating waters through Big Pass. This expansive property presents a rare opportunity to design and build your dream coastal retreat. A newly constructed guest house offers immediate accommodations. Architectural plans for a 5,000-square-foot home are available, making it ideal for creating a luxury residence.

1221 S Basin Lane, Siesta Key, FL 34242 offered at $2,350,000 - An excellent renovation or tear-down opportunity to build your dream home on sailboat water, 3 lots from Sarasota Bay. Conveniently close to Siesta Key's world-renowned crystal quartz sands, Turtle Beach, and Sarasota’s vibrant cultural scene.

7247 Turnstone Road, Siesta Key, FL 34242, offered at $1,895,000 - Located in the exclusive Sanderling Club, a Gulf front community. This expansive property offers unmatched privacy and the opportunity to renovate or rebuild. Enjoy access to a private marina with sailboat waters leading to Sarasota Bay and the Gulf of Mexico.

I believe the Siesta Key market will thrive in 2025. With some older homes taken off the market due to hurricane damage, buyers seeking properties at certain price points will find fewer options, creating competitive demand. At the same time, new construction is adding tremendous value. From elevated waterfront homes to beautifully renovated condos, the influx of modern inventory will set a higher standard and attract buyers looking for hurricane-resilient properties. Most importantly, Siesta Key’s timeless appeal remains unchanged. Our sugar-white sand, crystal-clear aqua waters, and vibrant community continue to draw buyers, not just for the homes, but for the unparalleled lifestyle this paradise offers.

For those who have called Siesta Key home for years, and for those dreaming of it, one thing remains true: the “Siesta Key sigh” is alive and well. You know the feeling—when you step onto the beach, toes in the sand, and take a deep breath, thinking, “I’m home.”

Our market is resilient. Our homes are evolving. And our island, our paradise, will continue to thrive. If you’re considering buying, selling, or simply curious about the future of Siesta Key real estate, let’s have a conversation.

The outlook is bright, and I’m here to guide you every step of the way.

Judie Berger is a Global Luxury Real Estate Advisor with Premier Sotheby’s International Realty and the top-selling agent on Siesta Key since 1999. Visit her at homesofsarasota.com or call (941) 928-3424.