If you believe that all homeowners are property investors, Pine Shores is a Sarasota neighborhood that you should strongly consider. Located just north of Stickney Point Road, which provides access to the beaches of Siesta Key, Pine Shores Estates is an established neighborhood that has been attracting a lot of attention in recent months, and this presents a great opportunity for smart home buyers.
In November 2018, the Benderson Development company was granted approval by the Sarasota County Planning Commission to start construction of a major mixed-use project on 24 acres of land right next to Pine Shores Estates; the project will include a hotel, an upscale apartment building and a new commercial district that will compete with Sarasota Pavilion, a shopping center anchored by a Publix supermarket and a Bed Bath & Beyond store. Altogether, homeowners in Pine Shores Estates will have convenient access to more than 200 shopping and entertainment establishments.
As the situation currently stands in early 2019, Pine Shores Estates is a charming neighborhood that offers a mix of affordable homes and upscale waterfront estates with private docking space. Pricing starts at just under $350K for a three bedroom Florida ranch originally built in 1954; however, the king of Pine Shores listings is a $3 million waterfront mansion with 4,738 square feet of interior that looks like it belongs in New Orleans. All these properties are set to dramatically increase in terms of value over the next few months as the aforementioned Benderson project is developed.
Siesta Key Beach is less than two miles away from Pine Shores Estates, and there are a few nearby attractions that are perfect for families and nature lovers. Both Phillippi Estate Park and the Red Bug Slough Preserve are less than 10 minutes away. As previously mentioned, Pine Shores residents can already walk to dozens of stores and restaurants, and they will have even more establishments to visit in the coming years.
Homes for Sale at Pine Shores Estates in Sarasota
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(all data current as of 3/29/2020)
Listing information deemed reliable but not guaranteed. Read full disclaimer.