GRACEWATER
Homes for Sale in SARASOTA, FL
True comps, carrying-cost math, and listings before the portals.
Gracewater at Sarasota is an early-phase, resort-lifestyle community that had opened for sale but had no established MLS resale history at this snapshot. Its signature amenity building, the Pura Vida Club, was still under construction, with an opening announced for 2026, so buyers here are underwriting a community that is being built around them rather than a finished one.
The numbers to watch are the three builders' base prices, which builder materials quote from the $440Ks for the David Weekley product up into the high $600Ks for Privada's homes. For buyers who want a new home close to downtown Sarasota with resort amenities on the way, this is worth evaluating now, while early homesites and plans remain.
The 60-Second Overview
GRACEWATER market snapshot (as of August 2, 2026): the median sale price is about $460K ($292 per sq ft over the trailing 12 months of closed sales), and a median 74 days on market for closed sales.
Gracewater at Sarasota is an early-phase, resort-lifestyle new-home community about three miles north of downtown Sarasota (ZIP 34234). It is built by three builders, David Weekley Homes, Privada Homes and Lee Wetherington Homes, with a planned mix of single-family homes and paired villas, many on cul-de-sac streets. Builder materials quote homes from the $440Ks for the David Weekley product up into the high $600Ks for Privada. The community's amenity building, the Pura Vida Club, was under construction at discovery, with an opening announced for 2026. Because the community has opened for sale only recently and has no established resale record, this page tracks its launch rather than a settled pricing picture.
Who GRACEWATER is best for.
Best for
- Buyers who want a new home close to downtown Sarasota in a resort-amenity community
- Shoppers who want to compare three builders and choose between single-family and paired-villa product
- Buyers comfortable with an early-phase community whose amenity center opens in 2026
Probably not for
- Buyers who want finished amenities in place before they move in
- Anyone who needs an established resale history to price against
- Buyers who require confirmed HOA and CDD figures before they will engage
Life at GRACEWATER
- Pura Vida Club · Amenity clubhouse under construction, opening announced for 2026; focal point of the community
- Resort-style pool · Zero-entry resort-style pool with cabanas
- Pickleball courts · Four lighted pickleball courts
- Fitness center · Fitness center within the clubhouse
- Clubhouse with chef's kitchen · Clubhouse featuring a chef's kitchen
- Lifestyle manager · Dedicated on-site lifestyle manager
Based on public records and builder announcements.
The GRACEWATER buying strategy.
If we were buying in GRACEWATER today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in GRACEWATER.
A Resort Retreat Close to Downtown Sarasota
Gracewater's pitch is location plus amenities: a resort-lifestyle community only about three miles from downtown Sarasota, an area where most inventory is resale rather than new construction. That proximity, paired with a planned amenity program, is the main reason it stands out among near-downtown options.
The community uses three builders, David Weekley Homes, Privada Homes and Lee Wetherington Homes, delivering single-family homes and paired villas. Published David Weekley plans run roughly 1,540 to 1,760 square feet from the $440Ks, while Privada's product is quoted from the high $600Ks, so the price band is wide for a community of this size (builder materials describe on the order of 98 single-family homes planned). The centerpiece is the Pura Vida Club, announced with four lighted pickleball courts, a zero-entry resort-style pool with cabanas, a fitness center and a clubhouse with a chef's kitchen, and a dedicated lifestyle manager, with the club scheduled to open in 2026.
The honest caveats are timing and cost detail. Amenities were not yet complete at discovery, so early residents will live through construction, and the HOA budget and any Community Development District (CDD) assessment were unpublished. Confirm both from recorded documents, and confirm which quick-move-in homes carry incentives, before committing.
The location and the amenities are priced into every listing in GRACEWATER. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
For an early-phase, multi-builder community, the agent's value is comparison and cost clarity. We can line up David Weekley, Privada and Lee Wetherington plans, included features and lot premiums side by side, and flag which homesites and quick-move-in homes carry the best incentives while the community is still filling in.
We also read the details that matter most this early, the HOA budget, any CDD assessment and the amenity-completion timeline, so you know exactly what you are buying into before the Pura Vida Club opens.
GRACEWATER in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA. Confirm current dues
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a GRACEWATER buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed GRACEWATER sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in GRACEWATER, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your GRACEWATER home worth?
Get a no-obligation home value based on real comparable sales in GRACEWATER, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Recent Developments in Gracewater at Sarasota
Development, infrastructure, retail, and school activity affecting Gracewater at Sarasota, tracked by our team and summarized from public reporting and official sources, with links to the original coverage. Last updated July 2026.
- January 2026Development
Gracewater's Pura Vida Club amenity center set to open in 2026
Gracewater at Sarasota, a resort-lifestyle community about three miles north of downtown Sarasota built by David Weekley Homes, Privada Homes and Lee Wetherington Homes, announced its amenity center, the Pura Vida Club, with an opening planned for 2026. Announced amenities include four lighted pickleball courts, a zero-entry resort-style pool with cabanas, a fitness center and a clubhouse with a chef's kitchen, plus a dedicated lifestyle manager.
What it may mean for the marketThe amenity center's 2026 opening marks the point at which the community's resort program is complete; early buyers purchase before that milestone while homesite and plan selection is widest.
Source: Gracewater at Sarasota
Summaries reflect public reporting and official sources linked above as of the dates shown. Project details, timelines, and approvals can change. Commentary on potential market effects is general observation, not investment advice or a prediction for any specific property. For the freshest items across the whole region, see This Week in Northeast Florida.
Frequently Asked Questions
What is the median home price in GRACEWATER?
How long do homes in GRACEWATER take to sell?
Do cash buyers compete in GRACEWATER?
Who is the best real estate agent for GRACEWATER?
How do I find a top SARASOTA real estate agent who knows GRACEWATER?
Can Momentum Realty connect me with an agent for GRACEWATER?
Should you buy in GRACEWATER?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | Stellar MLS closed sales, 12-month windows ending August 2, 2026 |
| Under-contract shares | Stellar MLS records, as of 2026-08-01 |
| Historical depth | Closed-sale records back to 2025 (16 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Stellar MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
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