JUNE 2025 MARKET REPORT

The local real estate market is showing signs of stabilization, and while inventory levels remain higher than a year ago, the rapid month-over-month increases are beginning to ease. This suggests the market may be shifting toward a more balanced state, with supply and demand moving into better alignment.

Buyers may benefit from more choices and less competition, while sellers can still take advantage of steady sales activity—though realistic pricing is key in today’s environment. With softening prices and shifting conditions, the market is clearly in transition. Now more than ever, working with a knowledgeable, professional REALTOR® ensures you have the local insight, negotiation skills, and strategic guidance needed to succeed. If you are thinking of buying or selling let’s chat.

HOT OFF  THE PRESSTHE FUTURE OF DOWNTOWN DEVELOPMENT

The Sarasota City Commission voted unanimously to approve a comprehensive plan amendment, changing the land use designation for part of the Mira Mar Plaza property from “downtown core” to “downtown Bayfront.” The decision allows plans to move forward for an 18-story redevelopment behind the historic building on Palm Avenue. While the project has sparked considerable public interest, particularly around neighborhood character and building height, the commission’s vote marks a key step in the ongoing discussion about the future of downtown development. READ MORE

LISTING IN THE NEWS1245 MILL CREEK RD

This stunning property was highlighted in the Sarasota Herald Tribune.

NEW LISTING 2185 GULF OF MEXICO DR, #243 I LONGBOAT KEY I $ 2 ,580,000

Introducing a rare penthouse offering in one of Longboat Key’s most prestigious Gulf-front communities—Villa di Lancia. This exquisite 3-bedroom, 3-bath residence is one of only 38 homes in a secure, amenity-rich enclave that blends coastal elegance with everyday convenience. Boasting panoramic views of the Gulf of Mexico, Sarasota Bay, and downtown, this turnkey-furnished home offers timeless design, high ceilings, and a seamless flow between indoor and outdoor living. With meticulous upkeep by its original owner, this is your opportunity to reimagine and customize an extraordinary waterfront retreat. MORE DETAILS

NEW LISTING244 CEDAR PARK CIRCLE | SIESTA KEY | $4,799,000

Step into the ultimate Siesta Key lifestyle at 244 Cedar Park Circle — a meticulously updated, move-in-ready waterfront estate nestled in an intimate enclave of just 15 luxury homes. Offering unparalleled privacy, boating access, and car collector-worthy garage space, this single-story custom residence blends refined interior design with expansive indoor-outdoor living. Enjoy serene views of Cocoanut Bayou, quick access to Sarasota Bay and the Gulf of Mexico, and optional membership of a pristine gulf-front private beach. MORE DETAILS

NEW LISTING 2833 BAY SHORE CIR | INDIAN BEACH SAPPHIRE SHORES | $1,699,000

Step into a tropical oasis just steps from Sarasota Bay! This beautifully updated home in the coveted Indian Beach Sapphire Shores neighborhood blends timeless charm with luxurious upgrades. Set on a lush half-acre lot, the residence offers nearly 3,000 sq ft of stylish, light-filled living space, perfect for entertaining or unwinding. MORE DETAILS

FOR SALE $7,995,000 1245 MILL CREEK ROAD, MANATEE, FL 3 BED | 4 BATHI | 4,489 SQ FT | MLS #A4630074

This stunning 4,489 sq ft Cape Dutch inspired home boasts expansive water views and abundant features include a beautiful guest house, large multi-purpose barn, 2,000 feet of river frontage, boat dock, "Fish Shack", plant nursery, lagoon, trails and endless idyllic spots to relax and soak up nature.MORE DETAILS

FOR SALE $465,000 9045 CALOOSA DRIVE, VENICE, FL 2.00 ACRES | MLS #A4637388

Nestled just north of the picturesque Myakka State Park, the land is bordered by pristine Florida nature, providing an idyllic setting for your future home. The property is situated at the end of a canal leading directly to the Myakka River, offering a unique lifestyle for nature lovers, boating enthusiasts, or those seeking a peaceful retreat. MORE DETAILS

PENDING $1,799,000 1954 DATURA STREET, SARASOTA, FL 3 BED | 3 BATH | 2,763 SQFT | MLS #A4630371

This exceptional single-story home in the highly sought-after West of the Trail neighborhood offers the perfect blend of charm, privacy, and convenience. Ideally located near downtown Sarasota, top-rated schools, and world-renowned beaches, this property is an entertainer’s dream and a tranquil wellness retreat.

JUST SOLD $3,250,000 1523 BAY SHORE RD, NOKOMIS, FL 34275 MLS# A4622291

This custom-built, one-owner, four-bedroom, 4,600 square foot home offers privacy, space, and over 130 linear feet of private water frontage on a wide stretch of the intracoastal waterway. A screened balcony off the bedroom and office offers unparalleled views of the intracoastal waterway and some of the Gulf coast’s finest sunset skies.

FEATURED NEW DEVELOPMENT BATH + RACQUET CLUB + RESIDENCES - PHASE 1 SOLD OUT

Phase 1 of the New Bath and Racquet Residences in Sarasota is sold out, and Phase 2 is generating strong demand. Designed by Halflants and Pichette Architects, this modern 400,000-square-foot development includes 256 upscale condos across four distinct buildings. Residences feature open floor plans, high-end finishes, and spacious outdoor living areas. Amenities include a rooftop pool, fitness center, yoga studio, landscaped courtyard, residents' lounge, and a private park with walking trails, playground, and dog park. The property also offers direct access to the revitalized Bath and Racquet Club with premier tennis and pickleball facilities. Contact me today before Phase 2 is gone! MORE DETAILS

THE JOURNEY BEGINS

Plenty of changes afoot chez Murray! We are proud to announce that Oliver graduated Sarasota High School and will join Jack at Florida State University where he will study at the Jim Moran College of Entrepreneurship - Go Noles! Will has traded flip flops for snow boots and has moved to Buffalo - Go Bills! Steve and I will officially become empty nesters in August, at which point the question will inevitably be...should we get another dog?!