SARASOTA, FLORIDA, July 28, 2017 – East Sarasota communities on the flanks of the Bobby Jones Golf Club, such as Glen Oaks and Eastwood, are getting a generous share of the recent uptick of market activity on Sarasota homes for sale.
At Glen Oaks just across west of the public Bobby Jones links, close to 30 sales were notched during the first six months of this year. New listings in the deed-restricted community Glen Oaks Estates are likewise coming in, egged on by the brisk sales in its locality. Last June, a two-bedroom, 1,630-square-foot residence here priced in the low $300s was notably sold within the day of its listing amongst Sarasota homes for sale.
Helping fuel the vibrant market activity in Glen Oaks’ area in East Sarasota is the planned major revamp of the Bobby Jones Club, a 45-hole course whose history traces back to 1927. Central to the plan are course renovations and infrastructure improvement, as well as the construction of a new clubhouse.
Additionally, the club’s nine-hole executive layout is being considered for conversion into an “adjustable course” and driving range. This shorter course is also envisioned as a learning center for young or new golfers, with extra practice facilities provided.
There are no firm cost estimates yet for the Bobby Jones Golf Club’s upgrades, but this early, it is estimated that the revamp will entail a multimillion-dollar investment. For 2018, this municipal course has a $2.8 million budget and is seeking a $425,000 subsidy as well to shore up an expected deficit next year.
Besides the looming improvements in Bobby Jones’ club amenities, some excitement is likewise building up on talks of a new residential development nearby. The property involved is a 4.4-acre parcel located on the southwest junction of Fruitville and Beneva roads.
Earlier this year, the Sarasota city commission approved a change in the land-use classification of this property from community commercial to multiple family, medium density. While a developer has yet to come out with a plan for this parcel, local residents hope that it would entail construction of low-rise, smaller-scale residential buildings.
Already, several residents in the area said that a taller building would be inappropriate near their neighborhood, an apprehension which is but to be expected. The Eastwood community across this parcel on Beneva Road, for one, is dominated by one-story residences basking amidst a lushly wooded setting.
Eastwood homes for sale are typically investor-friendly with their price quotes at just around the $100s range. Recent market activity on available residences in this neighborhood feature floor areas of between 850 and 2,000 square feet designed with two to four bedrooms.
At Glen Oaks north of Fruitville Road, the price selections on Sarasota homes for sale also start at the $100s for two-bedroom garden apartments with floor plans of about 900 square feet. The pickings level up in the deed-restricted neighborhood of Glen Oaks Estates with 199 single family homes. A three-bedroom residence here sales-listed this July sits right adjacent to the Bobby Jones Golf Club’s 9th hole and carries a tag price in the high $300s for its floor area of about 2,200 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>>