Sarasota 55+ Condos For Sale
Sarasota 55+ Condominiums
Sarasota 55+ condos for sale are a popular choice for new home buyers looking to retire and move down to the Sarasota FL. area. There are many 55+ communities to explore, ranging from manufactured homes along the waterfront of Longboat Key to luxury downtown assisted living, to everything in between. It really depends on the location buyers desire, and the amenities they would like to enjoy. One thing is for sure, there will be a great 55+ condo community option available for just about any buyer.
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Sarasota 55+ Condos
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Additional 55+ Condo Community Information
Whether buyers are looking to escape neighborhoods with lot of younger noisy children, or the buyer is looking for a social activity-rich community where they can forge new friendships with people of their own age, 55+ communities are a popular choice. There are a lot of considerations however before buying in a 55+ community. Can my family visit for extended period of time? Can I rent out my condo? 55+ communities tend to be a bot more restrictive than other communities in order to maintain a safe and secure environment for their residents. It is important to work with a Realtor that understands Sarasota 55+ communities. We are happy to help you in your search.
Sarasota 55+ Real Estate
The cost of living is typically less than a comparable condominium which is not age-restrictive. Residents tend to feel safe, with many neighbors who are willing to watch out for them. Also, property taxes may be a little lower in 55+ communities. There are also social activities and amenities available in many 55+ communities.
Some residents miss the interactivity with a diverse range of age groups. Also, living spaces might need more updating compared to non 55+ communities. Condos may also be a bit smaller in 55+ communities compared to other neighborhoods.
Typically, only one owner must be over 55 years of age in order to qualify to purchase a home or condo in a 55+ community.
The 80/20 rule found in many 55+ communities specifies that at least 80% of all residences must be occupied by at least one person 55 or older. The remaining 20% of households in the community may be available for persons of any age. However, this should be verified for each specified community being considered. Many times this allotment is used for passing down an estate to heirs purposes.
The short answer is probably not. This is a specific question that can only be answered in the condo rules and regulations for the condo that interests you. Ask your Realtor for help with this.
*Accuracy of info provided is not guaranteed. All info must be verified before making a purchase decision.
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Sarasota 55+ Condo Communities
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