Gracewater at Sarasota vs Tri-Par Estates
Two Sarasota communities, compared on the numbers that decide it — price, pace, and supply — from live MLS data as of 2026-11-02.
| Metric | Gracewater at Sarasota | Tri-Par Estates |
|---|---|---|
| Median sale price | $465K | $160K |
| Price per sq ft | $286 | $182 |
| Avg days on market | 87 days | 180 days |
| Months of supply | 2.2 mo | 10.3 mo |
| Market | Seller's Market | Buyer's Market |
| 1-year price change | False | False |
| Recent closings | 27 | 28 |
The verdict
Gracewater at Sarasota carries the higher median price — about 191% above Tri-Par Estates. Homes in Gracewater at Sarasota sell faster (87 days on market vs 180). Gracewater at Sarasota is the tighter market on inventory (2.2 months of supply).
Where each one is
| Gracewater at Sarasota | Tri-Par Estates | |
|---|---|---|
| County | Sarasota County, FL | Sarasota County, FL |
| City / area | Sarasota | Sarasota |
| ZIP | 34234 | 08755, 34232, 34234 |
| FEMA flood zones (sampled parcels) | not enough parcels sampled | 31% of 13 homes outside a flood zone (Zone X) |
Distances are straight-line; driving distance is usually 15 to 30 percent more. Flood-zone shares come from FEMA flood maps matched to sampled parcels; always check the exact address before you close.
What is for sale today
| Gracewater at Sarasota | Tri-Par Estates | |
|---|---|---|
| Homes for sale now | 5 | 24 |
| Under contract | 3 | 0 |
| Asking prices today | $435K to $925K | $42K to $180K |
| Listed in the last 7 days | 5 | 0 |
| Property types listed | Single Family Residence, Villa | Mobile Home |
Live MLS counts, refreshed with every listing pull. Browse them: Gracewater at Sarasota homes for sale · Tri-Par Estates homes for sale.
The homes themselves
| Gracewater at Sarasota | Tri-Par Estates | |
|---|---|---|
| Homes (parcels) | 92 | 241 |
| Built | 2024–2024 (median 2024) | 1957–2023 (median 1968) |
| Typical living area | 2,443 sq ft | 1,120 sq ft |
| Homesteaded (owner-occupied) share | 0% | 27% |
Housing-stock figures from the Florida Department of Revenue 2025 assessment roll (public records).
How each one trades
| Gracewater at Sarasota | Tri-Par Estates | |
|---|---|---|
| Sale-to-original-list | 100.3% | 85.4% |
| New-construction share of sales | 100% | 0% |
| Typical sold home | 2,906 sq ft | 895 sq ft |
Last 12 months of recorded closings; sale-to-original-list is the share of the first asking price sellers actually got.
Schools the listings are zoned for
| Gracewater at Sarasota | Tri-Par Estates | |
|---|---|---|
| Elementary | Emma E. Booker Elementary | Emma E. Booker Elementary |
| Middle | Booker Middle | Booker Middle |
| High school | Booker High | Booker High |
The school most often recorded on each community's MLS listings. Always confirm a specific address with the district.
Which one fits
On budget alone, Tri-Par Estates is the lower entry point (median $160K vs $465K). Buyers who want newer construction (fewer near-term roof, HVAC and re-plumb items, and easier insurance quotes in Florida) will find it in Gracewater at Sarasota; Tri-Par Estates trades that for a more established street and, typically, larger lots. Sellers get a faster sale in Gracewater at Sarasota (87 days on market on average); buyers get more negotiating room where homes sit longer.
Neither number set decides it: drive both on a weekday evening, check the HOA documents and the flood zone for the exact street, and price the insurance before you write an offer. A Momentum agent who works both communities can pull the comparable sales for any two specific homes.
Questions people ask
Is Gracewater at Sarasota more expensive than Tri-Par Estates?
Yes, on recent sales: the median sale price in Gracewater at Sarasota is $465,000 versus $160,000 in Tri-Par Estates, about 191% higher.
Which has newer homes, Gracewater at Sarasota or Tri-Par Estates?
Gracewater at Sarasota: its homes were built 2024–2024 with a median year of 2024, versus a median of 1968 in Tri-Par Estates (Florida DOR assessment roll).
Which has bigger homes?
Gracewater at Sarasota. The typical home there is 2,443 sq ft of living area, versus 1,120 sq ft in Tri-Par Estates.
Where do sellers get closer to asking price?
Gracewater at Sarasota — sellers there received 100.3% of the original list price over the last 12 months versus 85.4% in Tri-Par Estates.
What high schools serve Gracewater at Sarasota and Tri-Par Estates?
Listings in Gracewater at Sarasota most often report Booker High; listings in Tri-Par Estates report Booker High. Zoning is set by the district and can change - verify by address.
Go deeper on each: Gracewater at Sarasota homes, photos & schools · Tri-Par Estates homes, photos & schools
Figures are aggregates from realMLS / DBAAR, updated regularly. Thinking about either? Talk to Momentum Realty.