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Sarasota

Sarasota is known for its outdoor amenities, beaches, and resorts. The Sarasota real estate market made several improvements in 2016. Home prices increased, along with appreciation rates. The unemployment rates have increased as well as the job market, which is promising for both homeowners and those investing in Sarasota real estate. These improvements have made the city one of the most affordable markets nationwide.

There are a few different strategies that would work well when investing in Sarasota real estate. Firstly, with the job growth, new residents are looking for long-term rental properties. Secondly, Sarasota has beautiful scenery and makes for a great vacation spot, which means short-term rentals could reap the benefits of tourism. Finally, the number of foreclosures increased by 54% from between September and October of 2016, although there was an over 9% decrease compared to October 2015. Those looking for rehab properties might be able to snatch amazing deals in this already-affordable market.

Sarasota Investment Performance

PROPERTY SALE PRICE

$ 558,488

Median

1,926

Avg/Sq.ft.

CASH ON CASH RETURN

1.98%

Traditional

2.12%

Airbnb

RENTAL INCOME

$ 2,280

Traditional

$ 2,264

Airbnb

RENTAL INCOME

$ 2,280

Traditional

$ 2,264

Airbnb

NUMBER OF PROPERTIES

1,557

Investment

146

Airbnb

3,011

Traditional

55%

Airbnb occ. rate

Sarasota Rent Prices

RENTAL STRATEGY	1 ROOM	2 ROOMS	3 ROOMS	4 ROOMS
Airbnb	$ 1,305	$ 1,696	$ 1,938	$ 3,285
Traditional	$ 1,198	$ 1,838	$ 2,431	$ 2,572

Airbnb

1 ROOM	$ 1,305
2 ROOMS	$ 1,696
3 ROOMS	$ 1,938
4 ROOMS	$ 3,285

Traditional

1 ROOM	$ 1,198
2 ROOMS	$ 1,838
3 ROOMS	$ 2,431
4 ROOMS	$ 2,572

Top Sarasota Active Investment Properties

$69,900

2401 CLUBHOUSE CIRCLE #102

Sarasota Springs

2 beds

2 baths

1,090 sq.ft.

CASH ON CASH

Trad. 4.35%

Airbnb 14.63%

CAP RATE

Trad. 4.35%

Airbnb 14.63%

$92,900

2633 HIDDEN LAKE BOULEVARD #D

Jefferson Pines

2 beds

1 baths

912 sq.ft.

CASH ON CASH

Trad. 8.42%

Airbnb 14.52%

CAP RATE

Trad. 8.42%

Airbnb 14.52%

$139,900

3223 BENEVA ROAD #202

Sarasota Springs

3 beds

2 baths

1,144 sq.ft.

CASH ON CASH

Trad. 9.19%

Airbnb 13.54%

CAP RATE

Trad. 9.19%

Airbnb 13.54%

$149,000

3249 BENEVA ROAD #101

Sarasota Springs

3 beds

2 baths

1,106 sq.ft.

CASH ON CASH

Trad. 8.85%

Airbnb 12.93%

CAP RATE

Trad. 8.85%

Airbnb 12.93%

Top Sarasota Neighborhoods

Terrace Gardens

Mashvisor, Inc.

57% Mashmeter

PROPERTY PRICE

$320,000

Median

CASH ON CASH RETURN

0.61%

Traditional

1.16%

Airbnb

RENTAL INCOME

$ 1,450

Traditional

$ 1,742

Airbnb

66%

Airbnb occ. rate

Jordan's Crossing

Mashvisor, Inc.

43% Mashmeter

PROPERTY PRICE

$159,900

Median

CASH ON CASH RETURN

2.29%

Traditional

7.21%

Airbnb

RENTAL INCOME

$ 1,347

Traditional

$ 1,721

Airbnb

64%

Airbnb occ. rate

Lake Ridge

Mashvisor, Inc.

55% Mashmeter

PROPERTY PRICE

$171,200

Median

CASH ON CASH RETURN

2.42%

Traditional

6.59%

Airbnb

RENTAL INCOME

$ 1,336

Traditional

$ 1,927

Airbnb

62%

Airbnb occ. rate

Bellevue Terrace

Mashvisor, Inc.

79% Mashmeter

PROPERTY PRICE

$282,900

Median

CASH ON CASH RETURN

2.48%

Traditional

2.18%

Airbnb

RENTAL INCOME

$ 1,463

Traditional

$ 1,637

Airbnb

62%

Airbnb occ. rate

Sarasota Springs

Mashvisor, Inc.

74% Mashmeter

PROPERTY PRICE

$349,500

Median

CASH ON CASH RETURN

1.92%

Traditional

4.14%

Airbnb

RENTAL INCOME

$ 1,811

Traditional

$ 2,122

Airbnb

61%

Airbnb occ. rate

Sarasota Insights

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PROPERTY PRICE

`$`556,723

Median

CASH ON CASH RETURN

1.18%

Traditional

2.13%

Airbnb

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PROPERTY PRICE

`$`244,569

Median

CASH ON CASH RETURN

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Traditional

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Airbnb

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PROPERTY PRICE

`$`463,228

Median

CASH ON CASH RETURN