The first quarter of 2020 has been pretty good to the Sarasota housing market; compared to the slight decrease in sales experienced in early 2019, the rate of home buyers going to the closing table in January 2020 rose by nearly 23%. Sales are active while prices hold steady; the only problem is that listings in communities such as Hampton Lakes in Sarasota do not come on the market as quickly as buyers would like them to.
Located in the eastern section of Sarasota County, Hampton Lakes is an upscale gated community developed by local builder Medallion Home. When the project broke ground in 2018, the builder announced a new approach in terms of architectural style; you will find that the homes of Hampton Lakes are more Caribbean than Mediterranean, and this seems to be the direction that Southwest Florida is moving towards. This part of Sarasota County is known for its equestrian neighborhoods, country clubs, and nature preserves; moving here is like being transported to the countryside, but the nearest shopping centers are less than 20 minutes away.
Hampton Lakes is a community where you can find upscale homes built on large lots of at least two acres. The neighborhood has been platted for home sites as large as 10 acres to accommodate floor plans such as the Grand Santa Maria, which is one of the most lavish models in Medallion Home’s design portfolio. The energy-efficient homes of Hampton Lakes are built with luxurious extras such as granite countertops, fine laminate flooring, breakfast nooks overlooking greenbelt spaces, his-and-hers master bathrooms, spacious lanais, covered swimming pools, and more.
The nearest shopping centers are University Corner and Bee Ridge Plaza. A Dollar General is located about 15 minutes away on Fruitville Road. Golf players can become members at The Founders, Tatum Ridge, and the Misty Creek Country Club. Driving to the beaches of Siesta Key should take you about 45 minutes.
When the first Hampton Lakes models were completed in 2017, they quickly earned Parade of Homes awards for their frontage and designer kitchens. As with other luxury developments in Southwest Florida, Hampton Lakes has enjoyed solid property value appreciation in recent years. In March 2020, a new three-bedroom home with three full bathrooms and 2,868 square feet of living space was listed for $798K. If you do not mind waiting for a new construction property to be completed, you may be able to move into Hampton Lakes later this year for about $600K, but values are rising quickly.
Homes for Sale at Hampton Lakes in Sarasota
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(all data current as of 5/26/2020)
Listing information deemed reliable but not guaranteed. Read full disclaimer.