5 Big Real Estate Winners From Sarasota to Nokomis

The Top Residential Real Estate Sales Sarasota May 19-23 reveal a strong and steady demand in Florida’s luxury home market, especially in the picturesque communities of Siesta Key, Palmer Ranch, Osprey, and Nokomis. Real estate experts are noting increased buyer activity in these regions, reflecting both local demand and interest from out-of-state investors seeking second homes or long-term investments.

Between May 19 and May 23, Sarasota County witnessed several impressive sales that highlight not only the region’s market strength but also its desirable lifestyle offerings—from waterfront estates to secure gated communities. Below are some of the week’s most significant property sales and trends in Sarasota’s residential real estate landscape.

1. $6.8 Million Waterfront Mansion – Siesta Key

A luxury waterfront property located on the north end of Siesta Key was the highest recorded sale for the week. This Mediterranean-style mansion offers 5 bedrooms, 6 bathrooms, over 7,500 square feet of living space, and a private dock.

This deal underscores Siesta Key’s reputation for offering high-end living with direct Gulf of Mexico access. The property was listed for just over $7 million and closed within 21 days—signaling continued demand for luxury coastal homes.

2. Palmer Ranch Pool Estate Closes at $3.2 Million

The second top sale of the week came from Palmer Ranch, a master-planned community known for its upscale family living and proximity to shopping, golf, and beaches. This home featured 5 bedrooms, a home office, a large custom pool, and a 3-car garage. The property is part of the prestigious Silver Oak neighborhood, which remains a favorite among relocating professionals.

3. Osprey Waterfront Gem Sold for $2.9 Million

Osprey contributed a significant sale with a 4-bedroom waterfront home in the upscale Southbay Yacht & Racquet Club neighborhood. The house, which was listed for $3.1 million, closed at $2.9 million after a competitive bidding process.

Buyers continue to prioritize homes with dock access and views of Little Sarasota Bay, which has become a highly desired area for boaters and nature lovers alike.

4. Siesta Key Beachside Home Fetches $2.6 Million

A charming, modern beach cottage just a few steps from Crescent Beach on Siesta Key was the fourth-highest sale. Originally listed for $2.8 million, this 3-bedroom, 3-bathroom home closed at $2.6 million and included a guest house and tropical landscaping.

Siesta Key homes close to the beach are particularly valuable, even when they’re under 3,000 square feet—proving location remains king in this market.

5. New Construction in Nokomis Nets $2.1 Million

Nokomis saw a rising trend with a new build closing at $2.1 million in the Sorrento South development. The 4-bedroom home featured modern finishes, an energy-efficient design, and luxury outdoor space with a saltwater pool and kitchen.

Nokomis is quickly transforming into a luxury buyer’s destination, with developers focusing on custom homes and sustainability features to attract discerning buyers.

6. Palmer Ranch Villa Sold for $1.85 Million

In the Turtle Rock section of Palmer Ranch, a well-appointed villa closed for $1.85 million. While this home was slightly smaller than other top sales, the price reflects high demand for gated communities with robust HOA amenities and access to Sarasota’s top-rated schools.

7. Osprey Mediterranean-Style Home Sold for $1.7 Million

Rounding out the week’s top sales is a beautiful 4-bedroom Mediterranean-style home in The Oaks Bayside, Osprey’s prestigious golf community. Known for its security, community features, and water views, this neighborhood continues to draw wealthy buyers seeking privacy and elegance.

Sales Trends and Insights

The Top Residential Real Estate Sales Sarasota May 19-23 highlight a few key trends shaping the local market:

• Waterfront Premiums: Homes with direct access to water or water views continue to command the highest prices.
• Fast Closings: Many properties are selling within 30 days of listing, showing strong buyer confidence and liquidity.
• Gated Communities in Demand: Areas like Palmer Ranch and The Oaks continue to attract families and retirees alike for their safety and high quality of life.
• New Construction Growth: Areas such as Nokomis are experiencing a construction boom, signaling suburban expansion fueled by post-pandemic migration trends.
• Investor Interest: Real estate professionals have reported increased interest from out-of-state investors, particularly from New York, Illinois, and California.

Market Outlook for June

As we move into June, industry experts forecast a continued upswing in sales volume and prices, especially for homes listed under $3 million. With interest rates steady and remote work trends holding strong, the Sarasota County housing market is expected to remain robust.

Buyers are advised to act quickly, especially for properties in Siesta Key and Osprey, where listings are limited. Meanwhile, sellers may want to take advantage of current momentum to list homes before the summer heat slows the market.

Conclusion

The Top Residential Real Estate Sales Sarasota May 19-23 clearly demonstrate that the region remains a powerhouse in Florida’s real estate landscape. With desirable coastal properties, solid community planning, and increasing demand from outside the state, Sarasota and its surrounding areas like Siesta Key, Palmer Ranch, Osprey, and Nokomis are attracting serious investment.

For buyers, the competition remains high—but the reward is access to one of Florida’s most vibrant, scenic, and lifestyle-rich areas.

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