Sarasota/St. Petersburg Real Estate Blog by Corcoran Dwellings

Want a Home in Downtown Sarasota?


Laurel Park homes SarasotaSpending the day relaxing under the palms while the breezes blow softly across the way seems impossible, but not for those who choose to make sunny Laurel Park their home. Living in the Laurel Park community provides tons of convenient access to local restaurants, festive events, and plenty of diverse entertainment. The neighborhood is a diverse area that is full of places to peruse with some time off from work. The area is listed on the National Register of Historic places because of the older buildings, but there are many new homes and more recent construction in the area as well. Homes in the community are just as diverse as the residents with a mix of beach homes, duplexes, single family homes, cottages, and more to enjoy. Residents often pay between a quarter of a million to more than a million dollars for their home or condo depending on the style and exact location they choose. 

Whether spending time with a loved one and a bit of fresh seafood is just the thing, or a day out shopping with the girls is a better idea, Laurel Park residents can do it all. Boating, cycling, beach volleyball, surfing, sailing, fishing, and swimming are just a few of the things that people living in the community enjoy doing in their spare time. Residents can grab a cup of coffee at a nearby cafe while catching up with an old friend. A picnic at Island Park is always a fun activity and gives people the chance to enjoy the sunshine and fresh air when they are not at the beach. There are several museums nearby for people who are interested in the fine arts and the local culture. For a bit of downtime, some relaxation at one of the local resorts or spas is an excellent...

Will You Make Money Buying Pre-Construction Condos?

Pre-construction condos in SarasotaHave you ever thought about buying a pre-construction condo for investment purposes? This is a game many people want to play and it is usually only played by the wealthy because of the high prices that new downtown Sarasota condos typically sell for.

There can be a mad rush to buy when a new condo building is released. Early buyers will typically buy at lower price levels because the developer will eventually raise prices as more and more condos are sold. Do these investors make any money doing this?

Below you will find a variety of condo buildings in downtown Sarasota. I pulled sales data from when the units were purchased and then sold. It typically takes 24 months to build a condo. The purchase date is when they closed on the property. In most cases the units were sold well before the closing date. For example, unit 1101 in the Ritz Carlton was closed in November 2001 for $1,260,000 but the price was established up to 2 years prior to that when they released the units (pre-construction).

Gain and loss figures do not include Realtor fees as well as the ongoing carrying costs of a condo - association fees, contents insurance, maintenance and property taxes. The figures are purely just sales price. 

Ritz Carlton Residences

  Purchased Purchase Price Sold Sold Price...