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Neighborhood · Sarasota, Florida

Palm Lakes

Attainable Sarasota living close to the coast

10

Homes for sale

$279,900

Median list price

$209

Avg price / sqft

71

Median days on market

Search Palm Lakes on the map

Palm Lakes sits in the heart of Sarasota County, close enough to reach the Gulf beaches at Lido Key, the leafy streets of Arlington Park, and the walkable energy of the Rosemary District. It's a practical, residential pocket where homes run modest in size and the day-to-day is easy — the kind of place you actually live rather than just visit.

For buyers, this is one of the more accessible corners of the Sarasota market. With eight active listings and a median list price of $267,450, entry points here sit well below much of the region. Homes are taking around 42 days to sell and sellers are collecting about 94% of asking, so there's room to negotiate without a bidding war.

Palm Lakes is a community in Sarasota, Florida.

Quick facts

$150,000 – $475K price range

1,273 sqft median home

$484/mo median HOA

$1,825/mo median rent

16 sold in 12 months

Drive times

Downtown Tampa≈ 59 min
Tampa Int’l Airport (TPA)≈ 67 min

On the market now

Homes for sale in Palm Lakes

Every active listing inside the Palm Lakes boundary

Open full map search →

Find your fit

Browse Palm Lakes

By feature — on the live map

Where the market lives

2
4
3
1
<$200K$200K–$300K$300K–$400K$400K–$500K

The numbers that matter

The Palm Lakes market

16

Sold, last 12 months

$204,000

Median sold price

93%

Sale-to-list ratio

What sellers actually get vs asking

64 days

Median time to sell

Palm Lakes vs Sarasota

Median list price

Palm Lakes$280K
Sarasota Co.$550K

Price per sqft

Palm Lakes$209
Sarasota Co.$485

Days on market

Palm Lakes71d
Sarasota Co.85d

Median sold price — 3-yr, 3-mo rolling

▼ 7.0% yr/yr

$360K$395K$430KOct ’23Feb ’26

Homes sold per month

012Oct ’23Feb ’26

Live Stellar MLS data — every listing and closed sale inside the Palm Lakes boundary. Rolling medians smooth single-month swings in small communities.

For the school run

Schools Palm Lakes is zoned for

Attendance boundaries overlapping this community — always verify zoning with the district.

What it really costs

Owning here

Owning the median Palm Lakes home

≈ $2,418/mo

Principal & interest $1,475
Property tax $249
HOA / fees $484
Insurance (est.) $210

$279,900 median · 20% down · 30-yr fixed at 6.9% · taxes/HOA from live listing data · insurance is a Florida estimate.

$484/mo

Median HOA

From current listings inside the boundary

$1,825/mo

Median rent

Homes for rent inside the boundary

Population

304

Median age

45

Median income

$16,877

Median home value

$128,783

Beyond the listings

Living in Palm Lakes

Food & Drink

Top 13% in the U.S.

Hops & Brews

Thirst isn't the only reason this population looks for a good brew. From beer drinkers on a budget to the millennial craft beer enthusiast, these men and women are passionate about different kinds of beer and how it's made.

Food & Drink

Top 15% in the U.S.

Trendy Eats

Meals are a social experience, and these foodies take it to the next level. This population can't wait to snap a pic of their plate and share it before chowing down.

Beliefs

Top 18% in the U.S.

Local Engagement

These citizens want to make their neighborhood a better, more beautiful place to live. They're attentive to the needs and affairs of the local community.

Relationships

Top 23% in the U.S.

Networking

Driven to succeed in the business world, this population seeks to progress in their career through networking happy hours, summits, and connecting with other professionals online.

Food & Drink

Top 24% in the U.S.

Asian Food & Culture

Asian culture has a lot to offer, but the Asian cuisine tends to be the most frequently referenced. This population is talking about Asian dishes, holidays, and drinks.

Pieces of History

You can find these people researching an upcoming exhibit at the natural history museum or learning about a famous monument. This population enjoys learning about the past.

Straight answers

Palm Lakes FAQs

Is Palm Lakes a good place to live?+

It works well for buyers who want Sarasota access without Sarasota's coastal prices — you're a manageable drive from Lido Key's beaches and downtown. Homes are assigned to Gulf Gate Elementary, Brookside Middle, and Riverview High, and the neighborhood keeps a quiet, residential feel.

Is Palm Lakes expensive?+

No — it's on the affordable end for the area, with a median list price of $267,450 and active homes ranging from $150,000 to $399,000. That's a notable contrast to pricier nearby pockets like Arlington Park.

What do homes cost in Palm Lakes?+

The median list price is $267,450 and homes average about $202 per square foot on a typical 1,273-square-foot floor plan. Over the last 12 months, 17 homes sold at a median of $205,000, so closed prices tend to land below list.

How is the market right now?+

There are 8 active listings and homes are taking a median of 42.5 days to sell. Sellers are averaging 94% of their asking price, which gives buyers real negotiating room compared to hotter Sarasota submarkets.

What about HOA fees and taxes?+

The median HOA here runs about $484 per month, and median property taxes are around $2,644 per year. If you'd rather rent first, the median rent sits near $2,350 per month.

Keep exploring

More Sarasota neighborhoods

Neighborhood boundary by edgeAI; listings matched to the polygon. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.

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