SARASOTA, FLORIDA, November 8th, 2016 – Realtors are keeping an eye on the Jacaranda Blvd. corridor in Venice for an expected uptick in home buying interest. This area appears poised for further growth, particularly around the periphery of Jacaranda’s junction with East Venice Avenue where local searches of Sarasota homes for sale typically end up at the Hidden Lakes Club or at the Verona Reserve.
Across the road east of Hidden Lakes, a new shopping plaza is set for construction in a 37-acre site off Executive Street. This new commercial hub will be anchored on a Wawa Store and will complement establishments at the Sarasota County Interstate Business Center opposite its Jacaranda site. Other retailers a short distance south, like Publix Super Markets and CVS Pharmacy, hold fort at Jacaranda Commons adjacent to the charming community of Verona Reserve.
Across this area, a 51-acre site at the southeast junction of Jacaranda and Venice Avenue was approved for a 319-unit rental housing project in June. The Sarasota County Commission gave unanimous approval here for The Floridian, a gated, upscale resort-style rental community for age 55-plus residents.
A 63-acre tract near this Jacaranda-Venice Avenue intersection was likewise identified this October as the future campus of the Venice Regional Bayfront Health currently located at Venice Island. Venice Regional plans to move here because its present 312-bed hospital building at 540 The Rialto in Venice Island is now 60 years old and has been encountering serious issues recently, including plumbing problems.
About $20 million have already been spent to rehabilitate the structure as well as to upgrade Venice Regional’s services and facilities. Another $10 million have been allocated in the replacement building planned for 210 beds with options to expand later. If plans proceed without a hitch, the new hospital is expected to be finished by 2020. Outpatient services and a freestanding emergency room will remain at the current Venice Island site.
Traffic safety improvements are likewise underway on the accident-prone Jacaranda‒Venice Avenue roundabout. Built in 2011, at a cost of $3.2 million, this roundabout got an additional outlay of some half a million dollars for additional safety features and design improvements, including the installation of new curbs and better signage and road markings. All these are expected to be finished by next year, a comforting development to brokers and prospective home buyers with an eye for coveted properties in nearby residential communities.
Some of the properties prized around this area are those available at Verona Reserve. A two-bedroom, 1,558-square-foot residence in this community was sold at a listed price in the $200s early this year after less than three weeks of its listing in the MLS of Sarasota homes for sale.
Such quick turnover is driven by Verona Reserve’s superb location and the exciting features of this gated and deed-restricted, maintenance-included community. The amenities here include a pool with cabana and a dog park.
Verona Reserve sits in a 55-acre parcel with 165 home sites comprised of 55 single family homes and 110 twin villas. The floor areas of its single family homes are in the 1,768‒2329- square-foot range. These are typically priced up to the $300s, a current soft spot for searchers of Sarasota homes for sale particularly at the booming Jacaranda corridor in Venice.
SARASOTA, FLORIDA, October 7, 2019 – Property values of communities in the Sarasota-Manatee region now face lesser threat from neighborhood eyesores brought about by abandoned, foreclosed homes. Known in the real estate trade as zombie foreclosures, these properties have shrunk significantly in the region. According to an August report of ATTOM Data Solutions, abandoned […] more>>