Osprey Revitalization Gains Ground


SARASOTA, FLORIDA, September 7th, 2015 – Historically known as a tiny fishing village, Osprey is starting to catch up with the luxury areas flanking it—Palmer Ranch to the north and Casey Key to the south. Osprey’s locality has recently drawn some of the nation’s big guns in housing, including Ryland Homes which already established a strong presence at several communities in Manatee and Sarasota.

In Osprey, Ryland has secured Sarasota County Commission approval for the development of Palms at Casey Key programmed for just 31 residences. This new community will be developed in a parcel of nearly 10 acres on Old Venice Road near its intersection with Blackburn Point Road.

Harnessing water views

Osprey Revitalization Gains Ground

A next-door neighbor of the Rivendell community, Palms at Casey Key will feature a large pond which will serve as a refreshing backdrop for the residences. Sarasota homes for sale at this new Ryland project will reportedly be offered at around the mid-$300s.

Taylor Morrison is another national builder which recently cast its lot in Osprey, having started developing and marketing for Bayside, a waterfront community for just 49 homes. This new development sits on a 22-acre location on Sarabay Road fronting Little Sarasota Bay and off Casey Key.

Bayside is being developed as gated community with a luxuriant landscaping centered on a three-acre nature preserve and lake, plus such amenities as a private dock, waterfront boardwalk, and kayak/paddleboard launch.

Town amenities growing

Benderson Development, one of the brains behind the establishment of the Mall at University Town Center, had seen Osprey’s growing market potential as early as 2012 when it acquired the Southbay Shopping Center. This strip mall, located just south of the intersection of Blackburn Point Road and U.S. 41, has recently started drawing new business locators and more customers.

Among the new businesses which moved in recently to Southbay is Norma Jean’s Sports Bar and Grill. Such additions thus further bolster a tenant lineup that already includes Richard’s Food Emporium, Dollar Tree, and Tuesday Morning.

Besides new housing developments and business locators, Osprey is also being revitalized by other community initiatives elevating this locality among the market hotspots for Sarasota homes for sale. One major project completed recently was the $4.5 million expansion of the Blackburn Point Park. Included in this 16-acre project were the construction of a new boat ramp and fishing pier.

These new park facilities perfectly dovetail with the rehabilitation and reopening of the popular Osprey fishing pier, a historic icon recalling the town’s heydays as a commercial fishing community. For sure impressed with these revitalization efforts in Osprey, the rowing club Sarasota Crew has purchased a parcel of land in Osprey, possibly for the development of new facilities for its teams.

Attractive resale homes

Osprey’s newfound vibrancy should also help bring market attention to Sarasota homes for sale at existing communities like Willowbend, which was platted in 2002 but can still hold its own compared to newer developments. This deed-restricted, 128-acre community consists of 275 homes built amid lush landscaping that seems an extension of its neighboring Oscar Scherer State Park.

Available properties in this community are quite attractive, such as the three-bedroom Willowbend home listed in August 2015 among Sarasota homes for sale. This house was built in 2005 with a floor area of nearly 3,000 square feet, a new listing priced in the low $300s that can quickly draw some serious offers, given the current revitalization fervor in Osprey.