Saravela Condos For Sale | Sarasota, FL
Saravela Community Guide
New luxury high-rise condos in downtown Sarasota with a rare three-day minimum short-term rental option, unlike most downtown buildings, built in 2026-2028.
Saravela Condos in Downtown Sarasota
Saravela is a pre-construction, mixed-use tower that GSP Development is building at 430 N. Tamiami Trail in downtown Sarasota. Kimmich Smith Architecture designed the building as 271 condominiums and 11 townhomes, for a total of 282 residences. GSP secured quadruple bonus density, 282 units instead of a base 85, by designating 40 of those units as below-market “attainable” housing under the city’s affordable housing incentive program. GSP Development has since marketed a three-day minimum short-term rental option as the building’s signature feature, but city officials say GSP never disclosed that use during the project’s density review, and the city has not approved it.
City staff say Sarasota’s zoning code treats anything under a seven-day stay as transient lodging, equivalent to hotel use. In March 2026, the city’s Development Services Director ruled that offering short-term lodging at Saravela substantially violates the project’s existing entitlement, meaning GSP must restart the full approval process, including a community workshop, Development Review Committee review, Planning Board hearing, and City Commission hearing, before it can legally operate the three-day rental model.
Key Facts:
| Price Range: | $1.0Mโ$4.0M |
| Year Built: | 2026 – 2028 |
| Size (Sq. Ft.): | 856 – 2,086 |
| Min. Lease: | 7 days |
| Leases/ Year: | 52 |
| Gated: | ✔ Yes |
| Pool: | ✔ Yes |
| Pets Allowed: | ✖ No |
| Golf Course: | ✖ No |
| CDD Fee: | ✖ No |
*Accuracy of info provided is not guaranteed. All info must be verified before making a purchase decision.
Amenities Includes:
Amenities: Rooftop Pools, Fitness Studio, Wellness Studio, Spa, Yoga Room, Social Lounges, Golf Simulator, Game Room, Kids’ Club, Putting Green, Outdoor Grilling Stations, Dog Run, Dog Wash, Co-Working Space, Concierge Services
Community Fee Includes:
24-Hour Guard, Cable TV, Common Area Taxes, Community Pool, Escrow Reserves Fund, Insurance, Internet, Maintenance Exterior, Maintenance Grounds, Maintenance Repairs, Manager, Pest Control, Pool Maintenance, Recreational Facilities, Security, Sewer, Trash, Water
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Condos For Sale in Saravella
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Additional Saravela Condo Information
Saravela’s rental structure remains unresolved. GSP Development’s three-day minimum program requires an entitlement amendment the city has not approved, and until that process concludes, condo rules may require a minimum stay of seven days or more at Saravela, or owners may need to license their units separately as transient lodging. Buyers relying on short-term rental income should treat this as an open question, not a confirmed amenity.
The city had not granted that approval as of the most recent reporting, and the City Commission separately directed staff in July 2026 to draft citywide policy for these condo-hotel style projects. Buyers should confirm the current status of Saravela’s rental program directly before purchasing with rental income in mind.
Saravela New Construction
GSP Development is marketing Saravela as a pre-construction, “to be built” community and is using virtually staged renderings; no residences exist yet. The architect designed residences with 11-foot ceilings and floor-to-ceiling windows, and ID & Design International designed the interiors. Steven G. Interiors furnishes some units through a custom package for a turnkey option; this is a unit-level feature that may not apply to every residence.
Current listing data puts HOA fees for available units at approximately $1,070 to $2,607 per month, and those fees may change before the developer finalizes the governing documents. Forty of the building’s 282 total residences count as below-market “attainable” units tied to the city’s density bonus program. A secondary source states the project carries no CDD bond, but Sarasota County records have not confirmed this.
Saravela Sarasota Condominiums
No. Saravela is pre-construction, marketed with virtually staged renderings. Confirm current construction status before purchasing.
Condominiums and townhomes. Sources report either 271 or 282 condominiums plus 11 townhomes; the discrepancy hasn’t been resolved. Sizes range from roughly 856 square feet for a two-bedroom, one-bath unit up to larger multi-bedroom and penthouse layouts.
GSP Development has marketed a three-day minimum rental program managed on-site. As of the most recent reporting, the City of Sarasota has not approved this use. A city Development Services Director ruled it requires the developer to restart the project’s full entitlement process. Until that’s resolved, standard rules likely apply, which in Sarasota generally require a seven-day minimum stay outside a licensed transient lodging use. Confirm current status before purchasing with rental income in mind.
Saravela received quadruple bonus density, up to 282 units instead of a base 85, in exchange for including 40 below-market “attainable” apartments. City officials say the short-term rental marketing wasn’t disclosed during that density review, and they consider offering stays under seven days a hotel use that isn’t currently permitted under the project’s approval.
Not verified. A secondary source states there is no CDD bond; this hasn’t been confirmed through Sarasota County records.
Not verified. A planned dog run and dog wash suggest pet accommodation, but governing documents aren’t finalized yet.
No. Access is controlled through lobby, valet, and concierge, not a gated perimeter.
Saravela is in downtown Sarasota, about 0.8 miles from Main Street and Lemon Avenue. Lido Beach is approximately 4.5 miles away, about a 15-minute drive under normal traffic.
Planned amenities span 47,000+ square feet across six levels: rooftop pools, fitness and wellness studios, spa and yoga rooms, social lounges, golf simulator, putting green, game and kids’ club spaces, outdoor grilling stations, dog run and wash, co-working space, and concierge services.
*Accuracy of info provided is not guaranteed. All info must be verified before making a purchase decision.
Insight For Saravela
Learn our thoughts as professional Sarasota Realtors for the pros, cons, lifestyle, and proximity to beaches, shopping, and downtown.
Our Personal Saravela Insights
Pros
- Steps from The Bay Sarasota waterfront park and the downtown arts and dining district
- Large planned amenity package of 47,000+ square feet across six levels
- 40 below-market units support broader downtown housing diversity
Considerations
- Marketed three-day rental program is not city-approved and may require a full entitlement restart
- Pre-construction project; final unit count, delivery date, and governing documents not yet settled
- HOA fees reported at $1,070โ$2,607/month, relatively high for the market
Shopping
- 0.7 miles (3-minute drive) to Publix, 1044 N Tamiami Trail
- 1.3 miles (5-minute drive) to Whole Foods Market Downtown Sarasota
- 2.5 miles (8-minute drive) to St. Armands Circle shops
Lifestyle
- Walkable to downtown galleries, cafรฉs, and the Bayfront
- Resort-style amenities included with ownership: rooftop pools, fitness studio, spa
- Optional short-term rental program for owners, pending city approval
Downtown Sarasota
- 0.8 miles (3โ5 minute drive) to Main Street and Lemon Avenue
- Drive times vary with traffic and season
Downtown Sarasota Condominiums Index
Quick summary of each condominium
Explore Downtown Sarasota Condominiums
Compare downtown Sarasota condo communities by location, amenities, price, and lifestyle.
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100 Central
Total Homes:
Size (SqFt.):
Year Built:
Min. Lease:
Leases/ Yr:
Pricing:
95
923 - 3,516
2004 - 2005
6 Months
2
$1.1Mโ$1.9M
Amenities:
Private Parking, Security, Private Guest Suite, Valet, Concierge, Fitness Room, 55 Foot Swimming Pool, Media center, Art Studio, Community Room
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1000 Blvd Of The Arts
Total Homes:
Size (SqFt.):
Year Built:
Min. Lease:
Leases/ Yr:
Pricing:
117
1,400 - 3,105
2025 - 2028
6 Months
2
$2.0Mโ$5.0M
Amenities:
Elevate pool with cabanas, spa, outdoor kitchen, comprehensive fitness center with Movement Studio, co-working space, resident clubroom, dog park, washroom, 24/7 security, valet, self-parking, secured Wi-Fi in common areas
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1350 Main
Total Homes:
Size (SqFt.):
Year Built:
Min. Lease:
Leases/ Yr:
Pricing:
138
705 - 3,251
2005 - 2007
1 Month
2
$550kโ$1.0M
Amenities:
Billiards, Fitness Room, Private Guest suite, Meeting Room, Valet, Concierge, Theater, Business center, Enclosed Parking Garage, Pool, Partial Bay Views.
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624 Palm
Total Homes:
Size (SqFt.):
Year Built:
Min. Lease:
Leases/ Yr:
Pricing:
17
1,015 - 4,155
2015 - 2018
3 Months
2
$2.0Mโ$6.0M
Amenities:
Private elevators, on-site management, residentโs club room, fitness center, elevated resort-style pool, fire table, bar, rooftop terrace with gorgeous views of city and water.
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7 One One
Total Homes:
Size (SqFt.):
Year Built:
Min. Lease:
Leases/ Yr:
Pricing:
16
1,815 - 1,883
2017 - 2019
3 Months
3
$800kโ$2.5M
Amenities:
Large pool, spa, cabanas, gas grills, fire pit, fitness center, secure air-conditioned residentsโ storage, two garage parking spaces available for each residence, ample guest parking, doggie Paw Park and wash station.
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Adagio
Total Homes:
Size (SqFt.):
Year Built:
Min. Lease:
Leases/ Yr:
Pricing:
167
N/A
2026 - 2028
N/A
N/A
N/A
Amenities:
Gated, fitness center, pool, social room.
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Alinari
Total Homes:
Size (SqFt.):
Year Built:
Min. Lease:
Leases/ Yr:
Pricing:
205
1,070 - 3,219
2003 - 2007
3 Months
2
$500kโ$2.3M
Amenities:
Concierge, Heated Pool, Spa, Outdoor Grills, Fitness Room, Card Room, Theater, Billiard room, Three Guest Suites, On-Site Management, Owners Allowed Two Pets.
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Amara
Total Homes:
Size (SqFt.):
Year Built:
Min. Lease:
Leases/ Yr:
Pricing:
54
2,272 - 3,429
2025 - 2028
6 Months
2
$4.0Mโ$7.5M
Amenities:
Gated, fitness center offers Techno-gym equipment, hot and cold plunges, steam and sauna rooms, yoga garden, massage treatment room and dual locker rooms, infinity pool terrace, social & game room, private lushly landscaped marina and bayside terrace, kayak & paddleboard launch, fire table seating, intimate waterside seating area, bocce ball court, putting green, dog walking area
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AQUA
Total Homes:
Size (SqFt.):
Year Built:
Min. Lease:
Leases/ Yr:
Pricing:
8
3,590 - 7,645
2015 - 2017
12 Months
1
$5.5Mโ$10.0M
Amenities:
Concierge, Private elevators, Private Boat Slip with lifts, Yoga Room, Fitness Studio, Spa, Temperature Controlled Wine Room, Boardroom, Lounging Pool, Heated Pool, Waterfront Putting Green, Outdoor BBQ area.
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Bay Plaza
Total Homes:
Size (SqFt.):
Year Built:
Min. Lease:
Leases/ Yr:
Pricing:
102
1,656 - 4,053
1982 - 1983
3 Months
1
$900kโ$1.5M
Amenities:
Refurbished Lobby, Valet Parking, Concierge, Fitness Center, Media Room, Heated Pool, Fantastic Location.
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Bays Bluff
Total Homes:
Size (SqFt.):
Year Built:
Min. Lease:
Leases/ Yr:
Pricing:
47
793 - 1,262
1970 - 1971
1 Month
1
$330kโ$625k
Amenities:
Heated Pool, Bay Front Location.
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Bayso
Total Homes:
Size (SqFt.):
Year Built:
Min. Lease:
Leases/ Yr:
Pricing:
149
1,578 - 3,613
2022 - 2023
6 Months
2
$1.2Mโ$4.5M
Amenities:
Pool, Spa, Fitness Center, 24/7 Security, Club Room, Catering Kitchen, Dog Park, Mail Room, Lobby Staff.
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Broker Associate & Realtors
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