Weekly Snapshot

Total Properties Closed: 8

• Condominiums/Villas: 6

• Single-Family Homes: 2

Total Dollar Volume Closed

$10,085,000

Price Range

$370,000 – $4,900,000

• Lowest Sale:
  1257 S Portofino Dr #203 — $370,000

• Highest Sale:
  843 Norsota Way — $4,900,000

Price Per Square Foot (Heated)

Overall Range:
$296.79 – $1,986.22 per SF

• Condominium/Villa Range:
  $296.79 – $781.58 per SF

• Single-Family Range:
  $608.80 – $1,986.22 per SF

Notable Benchmarks

• Siesta Harbor #203 — $370,000
  Entry-level waterfront condo activity closed at full list price.

• Whispering Sands Villa #V11 — $425,000
  A storm-remediation/fixer sale that reflects buyer appetite for discounted opportunity.

• Horizons West #B6 — $800,000
  Updated villa product with flexible rental potential continues to command a strong premium.

• Siesta Towers #9A — $985,000
  Renovated Gulf-front high-rise product remains active below the $1M threshold.

• Gulf & Bay Club #406 — $1,120,000
  Gulf-front community pricing continues to anchor upper-tier condo value.

• 843 Norsota Way — $4,900,000
  Bayfront land and open-water positioning drove the highest closing of the week.

Market Insights (This Week’s Read)

1️⃣ Luxury Waterfront Anchored the Week

The $4.9M closing on Norsota Way accounted for nearly half of the week’s total dollar volume. Premium bayfront land remains a defining force in 34242 pricing.

2️⃣ Condo and Villa Activity Drove Transaction Count

Six of eight closings were condominiums or villas, ranging from $370K to $1.12M. This shows continued activity across multiple condo price bands, from entry-level waterfront to Gulf-front amenity communities.

3️⃣ Selective Market Behavior Remains Clear

Days on market ranged from 0 to 336, reinforcing the split between properly positioned properties and listings that required extended exposure before finding the market.

4️⃣ Negotiation Spread Remains Meaningful

SP/LP ratios ranged from 89.11% to 100%. The strongest outcome was Siesta Harbor at full list price, while several higher-priced properties required meaningful adjustment.

5️⃣ Cash Remains the Dominant Buyer Profile

Most of this week’s closings were cash transactions, underscoring the continued importance of equity-driven buyers in the Siesta Key market.

Largest Negotiation

843 Norsota Way
List: $5,499,000
Sold: $4,900,000
–10.89% from list

Property Mix

• 6 Condominiums/Villas

• 2 Single-Family Homes

Condo-driven week, with total volume heavily influenced by one major bayfront single-family sale.

Trend Ledger  Week Snapshot

• Luxury waterfront continues to anchor total dollar volume.

• Condo and villa sales remain the primary source of transaction count.

• Wide DOM dispersion confirms pricing sensitivity.

• Cash buyers remain active across multiple price tiers.

• Updated or strategically discounted properties are receiving the clearest response.

Market Tone

This is a selective market, not a distressed one.

Well-positioned properties are closing.
Overpriced properties are correcting.
Liquidity remains present, especially for waterfront and well-positioned island property.