A rule of thumb in the Southwest Florida real estate market is that you cannot go wrong with property acquisition in the University Park district. Located just north of Downtown Sarasota and just overlapping Manatee County, University Park has experienced vast development over the last couple of decades, and it has been transformed into one of the best places to live in the region. University Park offers everything from stylish gated communities to shopping and from family amenities to private and public schools, in other words, it really pays off to invest in this district.
University Place is one of the communities that opened at a time when the district was going through a wave of commercial development; as such, property values have appreciated accordingly, but this is a very diverse neighborhood in terms of real estate and residents. With 403 homes in 150 acres, University Place consists of four sections, each developed by a different builder, that offer single-family residences, townhouses, and condos; plus, the 15 ponds and lakes around the community offer great views for many lucky homeowners.
When you consider how close University Place is to The Mall at University Town Center, pricing as of 2019 seems very enticing. You can find a two-bedroom townhouse with two bathrooms built on a floor plan measuring 1,771 square feet of interior for less than $275K, which is far less than the median home prices in the University Park district. Large homes with four bedrooms and 2,467 square feet of interior can be negotiated under $465K.
Since University Place is a fairly large neighborhood, the amenities are split into two areas that feature heated swimming pools, a splash area for children, tennis courts, fitness centers, and clubhouses. You can explore the green spaces and hammocks by means of two interconnected nature trails, and there is also a large playground for children. For all the convenience that University Place homeowners enjoy, the homeowners association fees are very reasonable.
Finally, living at University Place means never having to worry about driving too far for shopping or entertainment. Even the beaches of Siesta Key are less than 25 minutes away under normal traffic conditions.
Neighborhood Slideshow at University Place in Sarasota
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(all data current as of 12/1/2022)
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