Weekly Snapshot
Total Properties Closed: 7
Condominiums: 5
Single-Family Homes: 2
Total Dollar Volume Closed:
$7,585,000
Price Range:
$825,000 – $1,725,000
Lowest Sale:
Palm Bay Club #129 $825,000
Highest Sale:
9211 Midnight Pass Rd #6 $1,725,000
Price Per Square Foot (Heated)
Overall Range:
$482 – $1,291 per SF
Condominium Range:
$546 – $1,291 per SF
Single-Family Range:
$482 – $505 per SF
Notable Benchmarks
Midnight Cove Gulf-front condo: $1,291/SF
Siesta Bayside waterfront townhome: $1,056/SF
Crystal Sands: $786/SF
Palm Bay Club: $651/SF
Absorption Speed
Fastest Closings:
Midnight Cove: 0 ADOM
Siesta Bayside South: 6 ADOM
Venice Ln waterfront: 15 ADOM
Longest Marketing Time:
Sanderling Club: 268 ADOM
Tivoli by the Sea: 89 ADOM
Palm Bay Club: 75 ADOM
Interpretation
Buyers moved extremely quickly on premium waterfront and Gulf-front condominium inventory, particularly where the property was turnkey and income-capable.
Longer marketing times were concentrated in:
legacy properties requiring repositioning
older construction with less immediate usability
properties initially priced ahead of market tolerance
Sale-to-List Ratios
Range:
~92% – 100%
Strongest ratio: Sanderling Club at 100%
Typical range clustered between 92% – 96%
Trend
Negotiation remains present but controlled.
Buyers are:
• willing to pay for quality
• unwilling to overpay for uncertainty
Property Type Breakdown
Condominiums (5 Sales)
Price Range: $825,000 – $1,725,000
Key observations:
Gulf-front and Gulf-to-Bay communities dominated activity
Renovated, turnkey units commanded the highest price per square foot
Short-term rental flexibility continues to drive buyer urgency
The condo segment remains the primary driver of buyer activity on Siesta Key.
Single-Family Homes (2 Sales)
Sanderling Club — $1,500,000
Venice Ln canal home — $1,550,000
Observations:
Waterfront and canal access remain key drivers
One sale required extended time (Sanderling), reflecting pricing discovery
The Venice Ln sale (15 DOM) confirms strong demand for move-in ready canal properties
Trend Watch
Gulf-front condos continue to push four-figure price per square foot
Turnkey waterfront properties are moving quickly
Canal homes remain highly liquid when priced correctly
Older or more complex properties continue to require extended time and price adjustments
The middle of the market remains active but disciplined
Buyers are active.
They are also highly selective.
The Bottom Line
This is not a slowing market.
It is a sorting market.
Scarcity product moves quickly
Turnkey product commands premium pricing
Everything else must justify its value
Quality, location, and pricing alignment continue to determine outcomes.
Trend Ledger
Week Snapshot Classification:
Waterfront & Rental-Driven Condo Strength
Gulf-front and rental-capable condos continue to dominate buyer attention
Immediate absorption (0–6 DOM) confirms urgency at the top of the condo market
Canal homes remain one of the most liquid segments of single-family inventory
Legacy homes without a clear value narrative continue to lag
The market continues to segment between “move-in ready” and “requires work”