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Sarasota Real Estate Market Trends

Top Realtor Unveils Insights on Sarasota Market Trends

May 14, 2024 | Read Time: 5 minutes

From white-sand beaches to a burgeoning arts scene, Sarasota, Florida has established itself as a premier destination for boutique waterfront living. In a city rising with new luxury condominiums, today’s buyers are seeking a sophisticated lifestyle that combines resort-style amenities, seclusion, and convenient access to Sarasota’s finest attractions. Peninsula Sarasota, a boutique condominium community, continues to captivate discerning buyers in search of a carefree lifestyle in one of the world’s most vibrant cities. Recently, top realtor Georgia Salaverri of Coldwell Banker Realty, an exclusive Sales Executive for Peninsula Sarasota, shared her insights on the allure of this unique address. Let’s explore her perspective.

Where Are the Newest Residents of Sarasota Moving From?

“We’ve seen a mix of local and out-of-state residents choosing Sarasota for their new home. At Peninsula Sarasota, approximately 40% of future residents are local, while the remaining 60% come from various regions across the country. We have individuals relocating from Texas, Atlanta, Chicago, New Jersey, Connecticut, New York, Massachusetts, North Carolina, Washington DC, Wyoming, and Maryland. Many of our buyers view Peninsula Sarasota as a secondary home, with a mix of those still actively working, others who are retired, and some who are planning for retirement and will just use it occasionally.”

aerial of sarasotas golden point

What Has Drawn Out-of-State Residents to Choose Sarasota?

“People fall in love with Sarasota upon experiencing it. It’s laid-back, yet beautiful. The cultural scene is a major attraction with endless arts, restaurants, and theaters. It’s a charming place that you can put your arms around, but it’s very sophisticated at the same time. The peninsula of Golden Gate Point also has its own charm. Peninsula Sarasota’s future residents will enjoy a true neighborhood with sidewalks and no commercial development, yet remain convenient to downtown restaurants, shops, theaters, and the beaches of Lido and Siesta Key.”

Great Room rendering at Peninsula Sarasota Condominium

What Features Are Buyers Looking for in a New Condominium?

“In contrast to the larger condominiums downtown, many buyers are seeking boutique options that offer a more intimate living experience. We have several buyers who are actually moving from these high-rise downtown condominiums to Peninsula Sarasota. They love the fact that there are no shared walls and appreciate the abundance of glass. The A residences have proven to be the most popular due to their full-floor layout and 360-degree views. The open floor plans with the choice between engineered hardwood and tile floors, outdoor grills on the balconies, and gas cooking are also big selling points.”

Buyers Decisions

How Do Construction Timelines Influence Buyers’ Decisions?

“Construction timelines aren’t a concern for the first buyers. However, as the project nears completion, the timeline becomes a deciding factor for many. The prospect of being able to move in this year has generated a lot more interest for Peninsula Sarasota. The building’s presence on Golden Gate Point has been impactful, providing a visual representation of progress that helps people make decisions. Many are comparing us to resale condominiums now, except they’ll have the opportunity to move into something brand new.”

What Lifestyle Can Future Residents Expect in a Boutique Condominium?

“I have had the privilege of knowing all the future residents at Peninsula Sarasota. I believe we’re going to have a very congenial group who will truly enjoy each other’s company. I foresee this community being one where residents interact and collaborate closely, forming a tight-knit community. I’m looking forward to watching them all call this beautiful building ‘home’ in just a few months.”

Peninsula Sarasota Interior Rendering

Few Residences Remain at Peninsula Sarasota

As construction progresses ahead of schedule, only a few residences remain available at Peninsula Sarasota. These final opportunities are on the eighth and ninth floors, offering 3-bedroom or 3-bedroom plus den layouts ranging from 2,400 to over 5,500 square feet. The building’s intimate layout ensures that every residence enjoys a coveted corner position, boasting expansive wraparound terraces and floor-to-ceiling windows. For those seeking penthouse offerings, only one of the community’s three spacious plans remains available. The penthouse features a private rooftop terrace with unrivaled bayfront and cityscape views.

Two levels of amenities enhance the relaxed lifestyle at Peninsula Sarasota. A resort-style pool and sun deck combine the two buildings, while the Rooftop Residents’ Lounge provides a perfect setting for evening sunset gatherings. For those focused on health and wellness, the state-of-the-art Fitness Center offers the latest high-tech cardio and strength equipment. Designed by the renowned Karen Asprea Studio of New York, spacious common areas, a wine storage room, and other amenity spaces create a natural, spa-like sanctuary. The personalized assistance of an in-site concierge and the convenience of access-controlled entry points provide a lock-and-leave lifestyle for added peace of mind.

The final residence opportunities are priced from $4.5 million. For more information and to preview available floorplans, the Sales Gallery is open daily at 1300 Main Street. Visit PeninsulaSarasota.com or call 941-655-9669 to schedule your Virtual Experience tour today.