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| Q1 2024 REAL ESTATE MARKET REPORT |
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Quarterly Market Report
Overview of Real Estate Activity in Our Area |
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The latest edition of our Quarterly Market Report is now available. The report provides a solid overview of the status of the real estate industry in some of the most sought-after communities in the Sarasota area. We trust you will find this information highly beneficial in making decisions and shaping conversations about your real estate plans. |
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| VACATION RENTALS |
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New Registration Requirements for City of Sarasota Vacation Rentals
New ordinance takes effect July 1, 2024 |
On February 5, 2024, the City Commission adopted a new Ordinance that requires all single, two, three, and four-family dwelling units within Residential Single and Multi-Family Zoning Districts citywide to obtain a vacation rental certificate of registration to advertise or operate as a vacation rental.
Previously, the registration requirement was limited to the Coastal Islands Overlay District which includes St. Armand's Key, Coon Key, Bird Key, Otter Key, Lido Key and portions of Siesta Key within city limits. Now, the requirement applies to all properties within city limits that operate as vacation rentals.
The new ordinance also raises the registration fee for new applications to $500, and the fee for renewals to $350. |
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| THE ESTATES AT TERRANOVA UPDATE |
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| Model Horse Barn |
The stone entry, metal roof and stall walls are complete at the B&D Builders' model home barn in The Estates at TerraNova.
Two model homes are under development, and Phase 1 homesites are now available. If you have interest in The Estates at TerraNova, I encourage you to call me right away to take advantage of introductory prices. |
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| RECENT SALES |
| Congratulations to our sellers who got outstanding value from the sale of their homes... |
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SIESTA KEY
6142 Midnight Pass Road 17N
5BR/5.5BA/5,764SF | $5,500,000
One-of-a-kind Siesta Key Beach penthouse with views of all Siesta Beach, from Point of Rocks to Big Pass, and year-round spectacular sunsets. Measuring a whopping 5,764 sq. ft. of living space, this two-story residence is the largest private condominium on Siesta Key. |
 WATER'S EDGE
Sanctuary Cove
$1,662,500 |
 LIDO BEACH
Lido Regency
$1,100,000 |
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...and congratulations to our buyers who negotiated outstanding value in the purchase of their homes. |
 LIDO KEY
L'Elegance
$3,269,000 |
 LONGBOAT KEY
Islands West
$1,810,000 |
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 DOWNTOWN
One Watergate
$1,495,000 |
 WATERSIDE
Lakewood Ranch
$1,339,475 |
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| 5-STAR REVIEW |
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"We started with high expectations about the Laughlin Tanner Group because a good friend and neighbor had recent very favorable experiences listing with them. They exceeded our expectations in every way: market analysis, pricing recommendations, staging ideas, qualifying prospective buyers, handling showings, supporting negotiations of offers, as well as support throughout the closing process. We were very pleased that our property sold in a relatively short amount of time for a good price in a very challenging market. Peter and all of his team were consistently thoughtful and superbly professional -- and each a delight to work with. We definitely will use the Laughlin Tanner Group for buying or selling real estate in future transactions." - JB |
We are Sarasota Realtors who specialize in Luxury Real Estate. Our realtor reviews evidence our commitment to exceeding customer expectations -- every transaction, every day.
We'd like to remind you that the Laughlin Tanner Group has a proven plan for success to achieve outstanding results in any market.
We work diligently and consistently until closing is complete. |
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