Palm Bay Club

It suits buyers who want to be close to the Gulf and Sarasota's cultural core without maintaining a large property. You're near Lido Key beaches and the walkable Rosemary District, and homes feed into well-regarded Sarasota schools. The compact scale makes it especially appealing for second-home and lock-and-leave owners.

Yes — it sits at the top of the Sarasota market, with a median list price of $1,657,000 and active listings ranging from $1,075,000 to $2,239,000. The average price per square foot is about $1,424, which reflects both the waterfront location and the smaller home sizes. Both current listings are priced above $1 million.

Over the last 12 months five homes sold at a median price of $715,000, while current asking prices sit much higher at a $1,657,000 median. That gap reflects thin inventory and a mix of unit sizes around the 1,130-square-foot median. Expect a wide range depending on whether a home is waterfront.

It's a small, slow-moving market with only two active listings and a median 121.5 days on market. Sellers have averaged 96% of asking over the past year, so buyers have modest negotiating room. If you want something specific here, patience and readiness to move on the right listing both matter — you can compare pace across Sarasota more broadly.

The median HOA runs about $1,293 a month, which is typical for a maintained waterfront community with shared amenities. Median property taxes come in around $10,236 a year. Factor both into your carrying costs alongside the purchase price.