Within 100 Yards of Main Street
Looking to enjoy the downtown lifestyle in Sarasota, Florida. I don't blame you. That is a lifestyle many people seek. Just take a look at the number of construction cranes littered around downtown and that shows the demand for condos in downtown Sarasota. We get inquiries daily from people who want to purchase in the downtown area.
Today's article is about the downtown condos that are within footsteps of Main Street. We didn't actually measure out 100 yards to each condo community but I am sure we are pretty close. These condos are for those people that simply want to be in the middle of the action. While the Renaissance condo building is a great place to live it is definitely a far walk to Main street on a hot Florida day.
Introduction to Downtown Sarasota
Downtown Sarasota may be the only small city in Florida where you can boat, dine on world-class cuisine, enjoy the opera, stroll in a botanical garden, shop for gourmet sustenance at Whole Foods, or take in some jazz at the Gator Club, all within walking distance of your home. Downtown Sarasota enjoys a variety of condominium options and the options continue to grow. Just take a drive through downtown and you will see all of the construction cranes building new and wonderful places to live. The demand is high for the downtown lifestyle and these condos are being snapped up by former barrier island dwellers, new empty nesters and young professionals looking for urban vibrancy.
Downtown Sarasota Video
Drone Video of Downtown Sarasota
Downtown Sarasota Condos Near Main Street
Main Street is not where all of the action happens but there are plenty of shops, restaurants, bars and entertainment to enjoy. Some condos like Alinari or Essex House might be considered downtown condos but you probably will stop jump into the car to visit the fun in the heart of the city.
Below are a myriad of condos that are within footsteps of Main Street.
|Address:||100 Central Avenue, Sarasota, FL 34236|
|2016 Prices:||$415,000 - $835,000|
|Current Inventory:||100 Central Condos For Sale|
|Address:||1350 Main Street, Sarasota, FL 34236|
|2016 Prices:||$437,500 - $2,275,000|
|Current Inventory:||1350 Main Condos For Sale|
|Address:||1255 Gulfstream Avenue, Sarasota, FL 34236|
|2016 Prices:||$325,000 - $950,000|
|Current Inventory:||Bay Plaza Condos For Sale|
|Address:||1990 Main Street, Sarasota, FL 34236|
|2016 Prices:||$319,500 - $415,000|
|Current Inventory:||Cityscape Condos For Sale|
|Address:||101 Gulfstream Avenue, Sarasota, FL 34236|
|2016 Prices:||$243,600 - $480,000|
|Current Inventory:||Dolphin Tower Condos For Sale|
|Address:||33 S. Gulfstream Avenue, Sarasota, FL 34236|
|2016 Prices:||$310,000 - $335,500|
|Current Inventory:||Gulfstream Towers Condos For Sale|
|Address:||200 Cocoanut Avenue, Sarasota, FL 34236|
|2016 Prices:||No Sales|
|Current Inventory:||Library Mews Condos For Sale|
|Address:||1233 Gulfstream Avenue, Sarasota, FL 34236|
|# of units:||40|
|Current Inventory:||Marina Tower Condos For Sale|
Orange Blossom Tower
|Address:||1330 Main Street, Sarasota, FL 34236|
|# of units:||7|
|2016 Prices:||No sales|
|Current Inventory:||Orange Blossom Tower Condos For Sale|
Plaza at Five Point
|Address:||50 Central Avenue, Sarasota, FL 34236|
|# of units:||52|
|2016 Prices:||$847,500 - $1,300,000|
|Current Inventory:||Plaza at Five Points Condos For Sale|
Rivo on Ringling
|Address:||1771 Ringling Blvd., Sarasota, FL 34236|
|# of units:||106|
|2016 Prices:||$490,000 - $537,000|
|Current Inventory:||Rivo on Ringling Condos For Sale|
|Address:||1301 Main Street, Sarasota, FL 34236|
|Current Inventory:||The Jewel on Main Condos For Sale|
|Address:||1750 Ringling Blvd., Sarasota, FL 34236|
|Current Inventory:||The Q Condos For Sale|
Downtown Condo Market Statistics
Below is a quarterly chart going back 12 years for the downtown condominiums referenced above. The light green bars are the inventory. Dark green displays the number of closed transactions and the red line are pending transactions. You can see the craziness we went through 12 years ago in the 2004 and 2005 time period. Notice the huge spike in inventory which ultimately led to the bubble. I am glad to see that our inventory levels are no where near what they were at the end of 2005 when sellers rushed to the market to capture the high prices.
Zip Code 34236 Sales Statistics - Last 2 Years
As you can see there has been an upward trend in inventory. This is pretty normal when prices have escalated. Some home owners have decided to sell to profit from the higher real estate prices.
Sarasota County Sales Statistics - Last 2 Years
Below are sales, pending sales and inventory levels for homes and condos in all of Sarasota county. It is wise to look at the overall market because it may have some influence over the downtown Sarasota condo market. If inventories skyrocket on a county wide level it might cause buyers of downtown condos to take a pause.
How Much Do You Need to Spend?
It simply is not cheap to live in downtown Sarasota. This is a relatively expensive market when compared to other areas of Florida. So the question many have is what do I need to spend to live in a condo near Main Street in downtown Sarasota?
The starting price for such a condo will be in the $300,000 range. We have a foreclosure listed in Gulfstream Towers that is listed for $279,900. However, we currently have 2 offers on the property. You can read more about it here.
You can expect to find a fixer upper here and there between $250,000 and $300,000. However, the majority of your condo options near the heart of the city will exceed $300,000. Dolphin Tower will be one of the less expensive condo options.
Current Price Ranges
Below is a break down of today's prices in the above downtown condo buildings. As you can see, roughly, 68% of the condos are pried between $300,000 and $750,000.
|<$250k||$300,001 - $500k||$500,001 - $750k||$750,001 - $1m||$1m - $1.5m||$1.5m+|
|Condos For Sale||1||20||10||7||3||3|
Downtown Condos Under Construction
These four story luxury home investments at Sarasota downtown that are currently rocking the real estate world. These buildings are planned to be completed in the year 2017 when their glam will be fully ripe. The buildings are built at Golden Gate Point, a place in Sarasota that brags of high aesthetic value than any other place under the sky.
Aqua is an ultra-luxury condo development on Golden Gate Point. These spacious units offer amazing views of the Sarasota bay and John Ringling Bridge.
Azure on Palm
Located on South Palm Avenue, Azure on Palm is downtown's most coveted address for a select few. Just steps from Sarasota's bustling bayfront and marina, in the heart of downtown Sarasota on a tranquil, residential street, Azure on Palm fuses modern innovation and luxury with timeless quality and style. This condominium community, designed by the award-winning team of DSDG Architects, is just five stories tall with 16 residences.
Sansara is a new addition to the downtown Sarasota condo scene. It is scheduled to be completed at the end of 2016. It resides at the corner of Ringling Blvd. and S. Pineapple Avenue. Residents of Sansara will have a relatively short walk to the action found on Main Street.
The Artisan on Main
These thirty seven townhouses will have private rooftop terrace and range in size from 1,857 to 2,690 square feet. Residents will be within a bike ride to all of the amenities of downtown Sarasota. They can also just meander over to Payne Park and enjoy a stroll through the park.
The Vue is the largest new condo development under construction in downtown Sarasota. It will reside at the corner of Gulfstream Avenue and U.S. 41. If you have been in Sarasota long enough you may remember the old Holiday Inn hotel and Denny's restaurant that used to sit at that corner. It is a fabulous location if you are looking to be within walking distance to all of the amenities that downtown Sarasota has to offer.
Valencia at Rosemary Place
Brand new townhomes that were designed by BDG Architects and are being built by Peregrine Homes are scheduled for completion this Fall of 2016! The prime location on Boulevard of the Arts and Coconut Avenue puts owners in the vibrant and exciting lifestyle of the Downtown Sarasota Rosemary District.
Every unit in the Vanguard Lofts has a balcony or patio where residents can enjoy their morning coffee or a glass of wine after a long day at work. The Historic District of Rosemary District offers an excellent place to shop and explore for those that are interested in the old-world charm of the city.
Places to Dine
Where you normally dine will depend on where you are located in town. The condos on the west side of Main street are 1350 Main, 100 Central, Plaza at Five Points, Bay Plaza, Dolphin Tower, Gulfstream Tower, Orange Blossom Tower, Marina Tower, Library Mews and The Jewel. These condos will frequent places like Classico, Epicure, Two Senoritas, Selva Grill, Cafe Amici, First Watch, Caragiulos, Louie Modern and Mozaic.
The condos on the east side of Main Street are Rivo on Ringling, Cityscape and Courthouse Centre and The Q. Owners in these buildings will be closer restaurants like El Greco, Pho Cali, Drunken Poet, The Wing House, World of Beer, Sake House, Mediterraneo, Utamuro, Made, Michelle's Brown Bag, Beulah and Fast and Fresh.
Distance to Lido Key Beach
A common question from downtown condo buyers is "how far from the beach?". Lido Key is the closest beach to the city. Below details the distance each condo is from Lido Key public beach.
|Distance to the Beach||Estimated Time to the Beach|
|100 Central||3.3 miles||12 minutes|
|1350 Main||3.2 miles||11 minutes|
|Bay Plaza||3.1 miles||11 minutes|
|Cityscape||4 miles||15 minutes|
|Dolphin Tower||3.2 miles||12 minutes|
|Gulfstream Tower||3.1 miles||12 minutes|
|Library Mews||3.2 miles||12 minutes|
|Marina Tower||3 miles||10 minutes|
|Orange Blossom Tower||3.1 miles||11 minutes|
|Plaza at Five Points||3.3 miles||12 minutes|
|Rivo on Ringling||3.7 miles||13 minutes|
|The Jewel||3.1 miles||11 minutes|
|The Q||4.5 miles||15 miles|
If we can assist you buying or selling a downtown Sarasota condo please call us at 941.822.0708 or Contact us.