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. Read more
Sarasota 55+ Condos Communities Overview
Sarasota FL. 55+ Condominiums Index:
View summary of Sarasota area 55+ condominiums.
Sarasota FL. 55+ Condominiums Map:
View a map of Sarasota area 55+ condominiums.
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Current Condos For Sale in Sarasota 55+ Condo Communities
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| $100,000 – $200,000 | $200,000 – $300,000 | $300,000 – $400,000 |
| $400,000 – $500,000 | $500,000 – $600,000 | $600,000 – $700,000 |
| $700,000 – $800,000 | $800,000 – $900,000 | $900,000 + |
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Pros:
- Maintenance-free living
- Lower cost of living
- Social activities
- Safety and Security
Considerations:
- Restrictions on visitors age for extended visits
Lifestyle:
- Many 55+ condos have great social activities
Shopping:
- Proximity to shopping depends on condo location
Beach:
- There are numerous beaches typically about 30 minutes from just about anywhere in Sarasota
Downtown:
- Proximity to shopping depends on condo location
Photos of Sarasota 55+ Condominiums
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 Frequently Asked Questions
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.
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Sarasota 55+ Community Condominiums Info
Learn more details about 55+ condominiums in Sarasota, FL
Sarasota 55+ Condo Communities
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The Sarasota Homes Group Experience
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