Uncover What’s Fueling Sarasota’s Luxury Real Estate Market

Sarasota’s luxury real estate story extends well beyond its cultural appeal. Florida’s pro-business environment has fostered steady growth and innovation, supported by low taxes, a strong economy, and a reputation for being business-friendly. These advantages continue to draw buyers who recognize Sarasota as both a sound investment and an extraordinary place to call home. The momentum is also fueling demand for new luxury addresses such as One Park Sarasota. Let’s learn more.

The Wealth Migration Wave

Florida’s economic allure is underpinned by its tax-friendly framework. No state income tax, a competitive 5.5% corporate tax rate, and pro-investment policies make it a magnet for wealth and enterprise. In 2024, the state welcomed nearly 30,000 high-income households, and continues to lead the country in net income migration. International migration has also been a significant contributor, with over 411,000 new residents from abroad between 2023 and 2024.

“We’re seeing this trend play out in real time,” says Chelsa Vahtomin, a Realtor with Coldwell Banker Realty and part of the exclusive sales team for One Park Sarasota. “Many of our buyers and interested parties are coming from high-tax states like New York, California, and New Jersey. This flow of affluent individuals is strengthening Sarasota’s luxury market and fueling demand for high-end residences.”

Impact on Sarasota’s Luxury Real Estate Market

Florida’s strong economy has set the stage for Sarasota to shine as one of the state’s most sought-after destinations. Out-of-state individuals are increasingly drawn to the area not only for its financial advantages but also for the lifestyle it offers. Known as Florida’s Cultural Coast, Sarasota is home to world-class performing arts venues, including the Sarasota Opera, the Van Wezel Performing Arts Hall, and The Ringling.

Adding to this momentum, 1000 North is set to bring an unprecedented level of prestige to Sarasota’s dining scene. The private dining club, co-owned by Michael Jordan, is generating buzz with its exclusive Membership model and rotating Michelin-starred chefs. Celebrities, food enthusiasts, and discerning locals alike have been anticipating its grand opening, located within walking distance of many of the area’s luxury residences. New arrivals like 1000 North, paired with boutique shopping and waterfront parks just steps from home, create an address that appeals to those who value convenience and connection.

Perfectly Positioned for Sarasota’s Next Chapter

In a city experiencing such dynamic growth, One Park Sarasota rises as the ultimate expression of what today’s luxury buyer is seeking. More than just a collection of residences, it is a thoughtfully crafted response to the cultural and economic energy defining Sarasota right now. Its prime location places residents at the gateway to The Bay Park and within steps of downtown’s dining, shopping, and performing arts venues, creating a lifestyle where everything is within reach.

“As walkability becomes an even bigger priority for today’s buyers, the developers of One Park recognized the importance of choosing a location that offers both convenience and connection,” says Chelsa. “What they’ve created is truly rare — a parkside, walkable lifestyle in the heart of downtown Sarasota, with residences starting from the mid-$2 millions.”

Construction Rises as Sarasota Condo Demand Surges

Yet, it’s not just the location that has put One Park in the spotlight. Each of the three-bedroom plus den homes feature spacious glass-railed terraces, smart home technology, midnight bars in the primary suites, and refined finishes that elevate the experience of parkside living. Plus, over 40,000 square feet of amenities on an elevated level, along with concierge-level services, have placed everything needed close to home.

“Nearly 70% of One Park’s residences are already sold, and momentum remains strong,” says Chelsa. “Vertical construction has already reached the 7th floor, and future residents are excited to see their new homes taking shape. Those who want the best selection of floorplans and views are encouraged to act while availability remains strong.”

To learn more about this landmark address priced from $2.7 million, contact Coldwell Banker Real Estate, the exclusive sales representatives, at 941-225-4447 or visit OneParkSarasota.com. The One Park Sales Gallery is open at 20 N. Lemon Avenue, just south of First Street in Downtown Sarasota.