Downtown Sarasota

As of late April 2026, the median list price for active downtown Sarasota residences is $1,659,000, with a median sold price of $1,350,000 across the most recent closed sales. The market spans from sub-$500,000 entry-level condos to ultra-luxury penthouses exceeding $12 million in buildings such as AQUA on Golden Gate Point. Data sourced from Stellar MLS via PostGIS-verified geographic boundaries (Rosemary District excluded).

The median price per square foot for active downtown Sarasota listings is $885 as of late April 2026. Bayfront and Golden Gate Point penthouses regularly exceed $1,500/sqft, while interior-facing units in older mid-rise buildings can be found below $700/sqft.

There are currently 251 active downtown Sarasota listings, with 66 under contract (pending) and 31 closed sales recorded in recent months. The active inventory is concentrated in high-rise buildings — 134 of 251 active listings (53%) are in towers of 10 stories or more, with another 49 in mid-rise (5–9 story) buildings and 60 in low-rise developments.

The median days on market for sold downtown Sarasota condos is approximately 109 days. The current sale-to-list ratio is 86.5%, meaning sellers are typically accepting offers below their original asking price — a meaningful softness signal in the current market that gives qualified buyers room to negotiate, particularly on older inventory and high-floor luxury units.

The median monthly condo fee for downtown Sarasota properties is approximately $2,083, with median total monthly association costs of $1,944. High-end buildings with concierge service, pools, fitness centers, and bay views (such as AQUA, The Tower Residences, and BLVD Sarasota) trend higher, often $3,000+ per month for larger residences. Older mid-rise buildings carry meaningfully lower fees.

Based on a sale-to-list ratio of 86.5%, a median 109 days on market, and 251 active listings against only 31 recent sales, downtown Sarasota is currently a buyer's market in early 2026. The volume of new construction delivering simultaneously (101 of 251 active listings — 40% — are post-2020 construction) is contributing to elevated absorption time, especially in the $1.5M–$3M segment where 66 active listings compete.

Approximately 101 of 251 active downtown Sarasota listings — about 40% — are new construction built in 2020 or later. The downtown skyline is in an active building cycle, with major projects including The Owen, The Edge, Ritz-Carlton Residences, Epoch, and Rosewood Residences delivering or pre-selling. This is the largest concentration of new luxury condo construction on Florida's Gulf Coast.

Between $1.5M and $3M, current downtown Sarasota inventory includes 66 active listings — typically larger 2- and 3-bedroom condos with bay views, mid-floor units in landmark buildings, or new-construction residences in pre-completion projects. Sub-$1.5M inventory totals 118 listings (55 under $900k plus 63 in the $900k–$1.5M band), typically older or smaller units. Above $3M, 67 active listings exist, the highest concentration being penthouse and bayfront units.