Residences at University Groves

Residences at University Groves Homes for Sale – Sarasota, Florida 34243

The Residences at University Groves is a community located on the western flank of Tuttle Avenue about half a mile north of University Parkway, a vital reference point in the purchase of Sarasota homes for sale. The community’s parcel was developed in 2012 by Kolter Land Partners, a unit of the West Palm Beach-based Kolter Group.

Kolter, which holds various interests in Sarasota real estate, later sold the 53 home sites of University Groves to regional builder Medallion Home. Notably, the development has been extended south to a second phase—the University Groves Estates—accessible via Broadway Avenue past the condominium communities of Serenata and San Michele.

The Residences at University Groves features several ponds and lakes. Many home sites were platted around these water features thereby providing serene lake/pond views to select dwellings in the community.

Loveable Dwellings

The Residences at University Groves counts as one of the hotspots in the Sarasota real estate market. It isn’t uncommon for a sales listing of a pre-owned home in this community to be sold within a week of its listing in the MLS of Sarasota homes for sale.

Available residences in the community tend to draw buying interest quickly because of their masterful construction. One bestseller of note in University Groves comes in an early rendition of Medallion Home’s St. Thomas model, a design which won the best overall award in the 2018 Sarasota Manatee Parade of Homes. Medallion’s Aruba model at University Groves has also been featured in the annual showcase of Sarasota‒Manatee homebuilders.

Typical market listings in University Groves are priced in the $300s up to the $400s. The buyers’ choices would most likely revolve around one- or two-story builds featuring floor plans ranging between 1,650 and 3,600 square feet. Three- to four-bedroom layouts would be a norm for most sales-listed homes in the community. Private swimming pools, as well as two- or three-car garages, are also common features in many of the resale properties in University Groves.

Maintenance-free and Convenient

Smart buyers grab available homes in University Groves because these residences are bundled with maintenance-free features. The community’s HOA fees cover not only the upkeep of the property’s common areas and internal streets but also the lawn care of each residence.

Proximity to the University Parkway corridor is a strong selling point too for listings of University Groves’ homes for sale. This road’s stretch just minutes from the community is host to a wide selection of shops and restaurants, most of which are concentrated at the Mall at the University Town Center.

Many life and leisure activities are within easy reach of University Groves residents. One popular local choice comes in the semi-private University Park Country Club featuring not only a golf course but also tennis courts and a fitness center.

Exciting selections of cultural events are easily accessible as well in downtown Sarasota which is just 6 miles south of University Groves. An extended excursion southward likewise unlocks the lifestyle delights of St. Armands Circle, Lido Beach, and Longboat Key, all of which contribute to the perks of owning a home in this community.