How The Sarasota Real Estate Business Is Progressing

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Resource: The Weekly

By Francis Kyle

SARASOTA — It’s safe to say that the Sarasota real estate business is now booming. With recent downtown condos being sold and luxurious estates, the real estate market in this beautiful city is seeing its share of progress.There are numerous luxurious high-rise condominium projects that are in the works for downtown Sarasota. Echelon on Palm, on the site of the former La Palme Royale bed and breakfast at 624 S. Palm Ave., will encompass 17 units—a two-level townhome with walk-up access from Gulfstream Avenue, and 16 full-floor residences priced from approximately $2 million to $4 million.

Some good advise that was given to me by a former real estate agent went a little like this: “The most important thing is to check the well-being of the condominium complex itself, that the building is well-funded and that it has sufficient reserve funds in case there are unexpected repairs. Some condominiums that are in trouble may represent themselves as more solvent than they really are. Don’t be shy. Go to the complex, stop the people coming in and out. Talk to them. Ask them, ‘Have you heard of any unexpected repairs coming up?’”

Groundbreaking is scheduled for this fall, with occupancy by spring of 2017. The developer is Naples-based Ronto Group, a family company headed by Jack Solomon and his son, Anthony. They have developed properties on both the east and west coasts of Florida and in Toronto and Texas; this is their first Sarasota venture.

There are numerous other projects that are on the horizon that will increase the real estate market. These luxurious deals and purchases will further the population of Sarasota.

Resource: The Weekly

By Francis Kyle

Hello my name is Michelle C Dunbar and I am a licensed Florida Real Estate Broker.

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