Top 7 Sarasota Neighborhoods to Invest in Real Estate in 2023

July 12, 2023
Sarasota boat

Sarasota is a booming city, with an ever-changing real estate market. If you are looking to invest in real estate in the region, it is important to know the most attractive neighborhoods for investment. Here is our list of the 7 best neighborhoods in Sarasota to invest in 2023:

  1. Downtown Sarasota – This neighborhood is one of the most desirable in the area, due to its proximity to shopping, dining, cultural activities, and themarina of Sarasota. Downtown properties sell quickly and are often rented at high prices.
  2. Siesta Key – This island with its wide white sand beach is one of Sarasota’s top tourist destinations. Homes in Siesta Key sell at high prices, but offer excellent rental potential.
  3. St. Armands – This small island is located just west of downtown Sarasota and is much sought after for its convenient location. St Armands Circle is known for its chic restaurants and shops, and Lido Key beach is within walking distance. Houses sell quickly and vacation rentals are very popular.
  4. The Meadows – This neighborhood, surrounded by rich vegetation, is located just east of downtown Sarasota, offering easy access to Downtown Sarasota, while having moderate rates. The Meadows townhouses are in high rental demand throughout the year, providing a solid investment opportunity.
  5. Longboat Key – This exclusive beach island is located just north of Sarasota, offering luxury properties for investors. Homes and condos in Longboat Key sell at high prices, but offer excellent rental potential.
  6. Bayshore – This neighborhood is located just south of downtown Sarasota, offering affordable homes for investors. Bayshore properties are often leased at reasonable prices, offering a good return on investment. Perfect for seasonal rental.
  7. Palmer Ranch – This peaceful neighborhood is located just east of downtown Sarasota, close to schools, with plenty of real estate options for every budget. Palmer Ranch homes tend to sell quickly, providing investors with a great opportunity.

In summary, Sarasota is a dynamic city offering diversified real estate investment opportunities. It is important to know the neighborhoods in order to find the properties best suited to your projects. From downtown Sarasota to Longboat Key, our team possesses extensive market knowledge and can guide you through the investment process. Contact us today to learn more about the options available and discuss your plans together.