Are High-end Homes Poised for a Post-election Rebound?


SARASOTA, FLORIDA, November 17th, 2016 – A more vibrant activity in the home market could be expected, with the contentious U.S. presidential election having finally reached its climactic end early this November. The market’s rebound, some realtors believe, would be felt particularly in homes priced around the $500s and over. It is in this sector wherein they observed that many prospective buyers and sellers had been very cautious because of a lot of political posturing statewide and nationally.

This anticipated resurgence has begun to manifest as early as October in the luxury segment of the Sarasota real estate market. New listings of residential properties priced over the $1 million mark were notably on an uptick for the month up to early November, with over 130 fresh market entries added in this premier roster of Sarasota homes for sale.

Rare Listing in Longboat Key

Topping this new batch of luxury home choices is the gulf-front Villa de Sogno estate in Longboat Key Club. Priced at $20 million, this residence flaunts a floor area of nearly 12,000 square feet designed with five bedrooms and six full baths plus two half baths. It has all the trappings of opulence are including a marble-clad main level with French-style embellishments and crystal chandeliers.

This property covers all of 3.5 acres and is one of eight privately gated beachfront estates in the Regent Court of Longboat Key Club. It holds the distinction of being the only property in this highly exclusive enclave to become available in nearly a decade.

New Build Cued In

Heritage Builders is one developer which appears to have a heads-up on the resurgent luxury home market in Sarasota. This October, it listed a pre-construction residence at Johnson Estates in the exclusive Oyster Bay area south of downtown. Offered at an asking price of close to $1.7 million, this residence is designed as a four-bedroom affair with a floor plan of about 3,800 square feet.

Its blueprint’s highlights include a West Indies-inspired architectural style, featuring a spacious great room and an owner’s suite with a formal entry vestibule. A pool/spa and an expansive lanai and veranda complement these upscale elements.

More Options at Ashton Oaks

Sliding down to the $600s and $700s price points, Heritage Builders has also recently launched in the market pre-construction homes at Ashton Oaks. This new community is comprised of just 20 home sites off McIntosh Road south of Proctor Road.

About half of the residences in this gated community have already been sold. Heritage Builders offers three Ashton Oaks home models featuring floor areas which range from 2,600 square feet to more than 3,300 square feet. Inspired by Coastal and Mediterranean architectural styles, all of these designs are completely customizable.

These residences are striking with their combination of rich tile roofs and soft exterior plan palettes. They offer solid wood cabinets, solid stone countertops, spa-like master bathrooms, stainless steel appliances, three-car garages, and ample interior storage. Slated for completion in next year, these home choices can truly add more vigor to the market now freed from the distractions of politics both on the national and local levels.