SARASOTA, FLORIDA, March 6, 2019 – By now, Sarasota should be looking brighter on the radar screen of buyers searching for luxury condos in Florida. High-end units from at least a dozen local condominium construction projects, most of which are rising in downtown Sarasota, have begun pre-selling on the market just recently.
Significantly, luxury condos counted as the most vibrant market segment for multifamily dwellings in Florida last year. In 2018, sales of condo units priced from $1 million and above rose 21 percent to 3,047 to top the percentage increase in all other price segments.
Luxury condo sales activity was likewise brisk statewide, with median time to contract down nearly 18 percent for the whole of 2018. The pace further stepped up in January this year during which median time to contract slipped by close to 30 percent to 81 days.
Amongst the new listings of luxury Sarasota condos for sale which recently came off the wraps are two units in the Auteur tower set to rise at 1000 Boulevard of the Arts. Reservations have been opened this February for this posh condominium’s prime unit with a living area of 4,219 square feet designed with three bedrooms, three baths, and a half-bath. It carries a tag price approaching $4.8 million.
A smaller Auteur unit was likewise listed this month on the MLS of Sarasota condos for sale. It also features three bedrooms, three baths, and a half-bath within its floor plan measuring 2,915 square feet. Its asking price is quoted at close to $2.2 million.
This February, too, a unit of the newly constructed 624 Palm Avenue (a.k.a. Echelon on Palm) was put on the market with a price tag of nearly $4 million. Occupying the 19-story building’s entire 10th floor, this condo has a floor area of 4,155 square feet also designed with three bedrooms, three baths, and a half-bath, plus a two-car garage.
This month’s listings of Sarasota condos for sale has been additionally enriched by three pre-construction offerings at the DeMarcay on 33 South Palm Avenue. Two of these are set for three bedrooms, three baths, and a half bath with the floor plan of one condo at 3,106 square feet and the other unit at 2,045 square feet. The larger choice is priced at $2.67 million while its smaller counterpart is on the market for $1.42 million.
A one-bedroom DeMarcay unit has also been sales-listed recently and priced in the low $600s. It features one bedroom and two baths within a living area of 1,144 square feet.
Easing further down to the high $200s, prospective buyers of Sarasota condos for sale can explore listings at The Strand Sarasota at 1889 North Tamiami Trail. At this price point, a unit here was listed on the market this February and features one bedroom, one bath and a half-bath within its living area of 958 square feet.
An ever broader price range of pre-construction condos in the $300s up to the $800s are also now posted at The Bayside Club on 800 Cocoanut Avenue. The blueprint of these condos are set for units with one to two bedrooms within living areas of between 767 and 1,746 square feet.
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>>