Gracewater
Homes for Sale in Sarasota, FL

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.

In ZIP 34234 (SARASOTA), 243 homes closed in the last 12 months at a median of $543K ($301/sq ft), down 4.6% year over year, with a median 48 days on market. See the live ZIP 34234 housing market and the Sarasota County market.

Stellar MLS sales records identify 31 homes in GRACEWATER that have changed hands since 2025, built between 2025 and 2026 (median 2025), with a median living area of about 1,555 sq ft and a typical 2-bedroom, 2-bath layout; 84% are townhomes. Source: Stellar MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

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.

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.

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.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.