Which Condos Are Hot in Siesta Key?


SARASOTA, FLORIDA, February 26th, 2016 – Ringside seats to the $21.5 million improvements in Siesta Beach and benefits from approximately the same amount to be poured in the sand renourishment of Turtle Beach create the stage for some exciting searches of condos for sale in Siesta Key this spring.

Let’s look first at the condominiums at the front row of this February’s grand opening of the sparklingly new facilities in Siesta Beach. Right off the bat, we can identify a quartet—Crescent Royale, Beach Way, La Siesta and Our House at the Beach—all located just across the new offerings of Siesta Key’s crown jewel.

Several years in the making, the renovations and improvements at this prime Florida beach are attractions definitely adding perks to nearby residential properties. Besides their individual amenities, Siesta Key condos for sale at this stretch of Beach Road are just a short walk from lots of new picnic shelters and a brand new playground constructed as part of the beach makeover. Likewise completed are a refurbished historical pavilion, a charming pedestrian esplanade, and attractive administration buildings.

Rental Possibilities

Which Condos Are Hot in Siesta Key?

These buying incentives for neighboring Siesta Key condos for sale, particularly to rental property investors, are complemented by the consistent top ranking of Siesta Beach as a travel destination. The travel website TripAdvisor again cited this beach in its 2016 Travelers’ Choice Award, an accolade that Siesta Beach got each year since 2013.

The online tourist resource, moreover, noted that Siesta Key rentals have been rising since that year. It was estimated that currently there are now 454 vacation rentals in the island, compared with 137 in 2013 and 255 last year.

La Siesta, amongst the four nearby condos, has the most liberal rental policy, allowing minimum lease length of one to seven days and rentals of up to 52 times a year. Available units in this condominium with two bedrooms and two baths within a living area of 940 square feet are typically listed amongst Siesta Key condos for sale in the low $400s.

Attractively priced two-bedroom units priced from the upper $400s up to the $600s can likewise be found at Crescent Royale and Beachway. The rental policy for Crescent Royale is one week minimum allowed 52 times a year, while Beachway rental is at a one month minimum allowed 12 times annually.

Turtle Beach Widening

In South Siesta Key, similar buying opportunities can be had at Fisherman’s Haven and Fisherman’s Cove, two condominiums which will directly benefit from the sand renourishment of Turtle Beach. This project is slated from February to April 2016 and would widen the two-mile stretch of Turtle Beach by some 60 feet using 700,000-800,000 cubic yards of sand dredged off Bird Key.

Turtle Beach was renourished for the first time in 2007 with 1 million cubic yards of sand. The current project, costing some $20 million, is being funded by state grants in addition to financing from tourist development taxes and a special assessment charged on property owners within the beach area. Typical condo pricing in this beachfront is in the $400s for two-bedroom units at Fisherman’s Haven and Fisherman’s Cove.