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Sarasota Magazine

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Real Estate News

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

Net Win

The New Bath + Racquet Is Partnering With Tennis Pro Tommy Haas

Haas is a former world No. 2 player and the owner of 15 ATP titles. He's bringing his expertise to the new Bath + Racquet Residences & Club, set to be completed in 2026.

08/19/2024 By Kim Doleatto

Affordable Housing

In the Wake of Florida's Arts Funding Cuts, Florida Studio Theatre Receives Workforce Housing Grant for Its New Arts Plaza

Ron DeSantis cut $32 million in funding from Florida's arts budget—but a $1 million grant for affordable housing made it through for Florida Studio Theatre. That means the organization is on track to break ground on a new $57 million project next year.

07/10/2024 By Kim Doleatto

Market Report

The Luxury Real Estate Market Is on Fire, but the Condo and Townhome Sector Is Soggy

Following record-breaking cash sales, the median single-family home sale price rose by 3.9 percent, to $530,000, in Sarasota County, but the condo market in both counties experienced declines.

06/24/2024 By Kim Doleatto

Condo Crown

This Sky-High Downtown Sarasota Condo Sold for a Record-Breaking $11.35 Million Cash

Sure, it's a buyer's market when it comes to condos—but not when they look like this.

06/17/2024 By Kim Doleatto

New Community

SeaFlower, a Massive Retail, Residential and Commercial Development, Is Headed to Bradenton

The mixed-use project will include 4,000 residential units, a hotel, a grocer, retail space and more on the site of a former gladioli farm.

06/07/2024 By Kim Doleatto

End of an Era

Albritton Fruit Farms Will Likely Be Sold to Sarasota County Later This Year

The county expects to purchase the 341-acre, sixth-generation family farm for $19 million. Sarah Albritton says she and her husband hope to restart their beloved you-pick operation elsewhere.

06/04/2024 By Kim Doleatto

Real Estate Report

There's More Inventory These Days, but Home Prices Are Still in the Mid-$500,000s

"It’s a great time for both sides because prices are still high, which is good for sellers, and buyers can be more selective because they have more options and time,” says Mara Daniel, a local realty broker.

05/23/2024 By Kim Doleatto

Workforce housing

A Prime Piece of Downtown Real Estate Has Been Earmarked for Workforce Housing

A partnership between Michael Saunders and Mark Vengroff will see 48 workforce housing units rise near Payne Park. Roughly 20 will be earmarked for law enforcement workers.

05/10/2024 By Kim Doleatto

Real Estate Report

The Local Condo Market Currently Favors Buyers

But single-family home prices are holding steady.

04/23/2024 By Kim Doleatto

The Cost of Doing Business

How a Major Real Estate Lawsuit Settlement Could Affect Your Search for a Home

The National Association of Realtors is settling a federal lawsuit over realtor commissions and transparency. Here's how industry locals are responding to the news.

03/28/2024 By Kim Doleatto

Market Report

The Latest Real Estate Numbers Are Ticking Toward a Buyer's Market

Days on the market and amount of inventory continue their upward slant, even crossing into a buyer's market for condos. Prices, however, are still holding.

03/25/2024 By Kim Doleatto

Open for Business

A New Gated Community in Venice Will Bring 582 More Homes to the Region

The master-planned community Vistera of Venice will span roughly 300 acres in south Sarasota County.

03/22/2024 By Kim Doleatto

A Tasteful Facelift

The Van Wezel Estate Gets a New Life Following a Full Restoration

Take a peek into the historic home of the couple behind Sarasota's premier performing arts hall.

03/20/2024 By Emma Moneuse

Up and Up

There's Another New Condo Project Headed to the Rosemary District

Boheme, a nine-unit, five-story condo project coming to Kumquat Court, is slated to break ground this year.

03/15/2024 By Kim Doleatto

Real Estate Report

Home Prices Remain High, Even With More Inventory and Longer Time to Contract

Condos have reached pre-pandemic inventory levels, but prices for all property types are hanging tough.

02/23/2024 By Kim Doleatto

Affordable Housing

A New Affordable Housing Project Is Headed to North Tamiami Trail

New Trail Plaza in Sarasota will bring almost 100 units entirely dedicated to workforce and affordable housing tenants.

02/15/2024 By Kim Doleatto

See Seibert

This Original Sarasota School of Architecture Home Comes With a Food Garden

Perched on the corner of Siesta Drive and Shade Avenue, this Tim Seibert abode is on the market for $950,000.

02/09/2024 By Kim Doleatto

Sold!

Sarasota's Boatyard Has Sold

The Boatyard, a 2.03-acre waterfront parcel at the base of the Stickney Point Bridge, was purchased by a local real estate and hospitality mogul for roughly $8 million.

02/05/2024 By Kim Doleatto

At Sarasota Magazine, we celebrate Sarasota’s vibrant culture, rich history, and bright future with award-winning, high-quality content that captures the spirit of our community.

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