In May 2018, the National Association of Realtors chose Sarasota County to host its annual Global Conference, a business event where topics such as the future of the Southwest Florida housing market and interest by foreign buyers were discussed. Based on a couple of interesting conclusions from the conference, prospective buyers should be paying attention to communities such as Pennington Place in Venice.
A reduction in the flow of foreign home buyers into Southwest Florida has resulted in a leveling of real estate prices, and this means that you can find mid-sized properties close to the beach for very reasonable prices. Located in the Woodmere district near Manasota, Pennington Place is a gated community of single-family residences built in the Mediterranean revival style of residential architecture, and it is just five minutes away from the beach.
Pennington Place is surrounded by a scrub pine preserve and undeveloped land, thus providing residents with privacy and nature views. If you are familiar with the work of developer D.R. Horton, you know what to expect from the properties in this neighborhood: quality construction and plenty of style.
A few homes in Pennington Place are two-bedroom attached villas, but most of them are single-family residences with three bedrooms, two bathrooms and more than 1,500 square feet of living space. Residential features include: covered lanais, kitchen islands with designer cabinetry, large family rooms, walk-in closets, decorative foyers, and more.
Residents of Pennington Place have access to a swimming pool, a spa and a clubhouse that offers lots of social activity and engagement. Many of the properties initially sold in 2011 were acquired by seasonal residents and retirees, but more families have been showing interest in recent years. As of late 2018, listings ranged between $280K and $324K, very reasonable prices when considering proximity to the pristine Manasota Key Beach, golf courses, and the Venice Village Shoppes anchored by a Publix supermarket and a Walmart Supercenter.
Pennington Place in Venice – Neighborhood Slideshow
Homes for Sale at Pennington Place in Venice
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(all data current as of 10/15/2019)
Listing information deemed reliable but not guaranteed. Read full disclaimer.