Forest Home Sale Tops $1.5 Million
The Forest continues to see strong interest and price appreciation with the most recent home sale topping the $1.5 million mark. This comes on the heels of the five homesites we sold over the last three months.
I represented the seller for Premier Sotheby's International Realty in the sale of this $1.55 million home in The Forest at 9399 Swaying Branch Road. This transaction, which closed on February 25, represents one of the largest residential sales since the inception of the community in 2006.
The country estate home is situated on more than three acres on one of the most forested and beautiful lots within the gated community. Comprised of more
than 5,700 square feet, the residence was one of the few existing homes of its size and quality on the market in The Forest. A certified green home, the estate home features closed cell foam insulation, high-efficiency air conditioning, and impact glass throughout.
The season so far has been very exciting in Sarasota and there has been a surge of interest in The Forest. Buyers currently shopping in the market are discovering there are very few homes available within the existing home inventory. The good news for buyers is there are excellent opportunities to build a brand new home and the costs are about the same per square foot as the prices for resale properties. Plus, they get the added advantages that come with new construction like exactly the floor plan they want with all the options, latest green/energy-efficient innovations and a builder warranty.
Buyers trying to find 3-acre or larger homesites in a high quality gated master planned community also end up pretty quickly at The Forest. There really aren't a lot of choices in this category around Sarasota.
The Forest offers a variety of homes from 2,800 square feet on estate-size homesites. Prices currently range from the upper $600s. We have just added a new feature home from John Neal to the website and our other builders have new plans in the queue. If you have not been to The Forest, or it's been a while since your last visit, get in touch with me for a private tour. There is a lot that's new in The Forest and along the Sarasota/Manatee I-75 corridor. It would be my pleasure to show you around The Forest at Hi Hat Ranch.Brian Wood