Neighborhood · Sarasota, Florida
Residences At University Groves
Newer homes with easy access to Sarasota
2
Homes for sale
$789,500
Median list price
$326
Avg price / sqft
11
Median days on market
Residences at University Groves sits in the University corridor of Sarasota County, a quieter pocket of newer construction where two-story homes on manageable lots trade at a friendlier price than the coast. Homes here run around 2,422 square feet with pool options in play, and you're a straightforward drive from the beaches at Lido Key and the arts-and-dining energy of the Rosemary District. It's the kind of neighborhood that appeals to buyers who want space and a low-maintenance build without giving up proximity to everything greater Sarasota offers.
The market here is small and moves fast. With just two active listings and a median list price of $789,500, inventory is thin, and homes that sold over the past year went in a median of 10.5 days — so serious buyers should be ready to act. Note the gap between recent sold prices (median $640,000) and current asking, a sign sellers are testing higher; leaning on comps like those in Arlington Park helps you price your offer with confidence.
Residences At University Groves is a community in Sarasota, Florida.
Quick facts
$729,000 – $850K price range
2,422 sqft median home
$165/mo median HOA
5 sold in 12 months
Drive times
On the market now
Homes for sale in Residences At University Groves
$729,000
8059 36TH STREET CIRCLE E, SARASOTA
4 bd · 3 ba · 2,425 sqft
$849,999
8051 36TH STREET CIRCLE E, SARASOTA
4 bd · 3 ba · 2,418 sqft
Every active listing inside the Residences At University Groves boundary
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Browse Residences At University Groves
By feature — on the live map
Where the market lives
The numbers that matter
The Residences At University Groves market
5
Sold, last 12 months
$640,000
Median sold price
94%
Sale-to-list ratio
What sellers actually get vs asking
146 days
Median time to sell
Residences At University Groves vs Sarasota
Median list price
Price per sqft
Days on market
Median sold price — 3-yr, 3-mo rolling
▲ 11.3% yr/yr
Homes sold per month
Live Stellar MLS data — every listing and closed sale inside the Residences At University Groves boundary. Rolling medians smooth single-month swings in small communities.
For the school run
Schools Residences At University Groves is zoned for
Attendance boundaries overlapping this community — always verify zoning with the district.
What it really costs
Owning here
Owning the median Residences At University Groves home
≈ $5,117/mo
$789,500 median · 20% down · 30-yr fixed at 6.9% · taxes/HOA from live listing data · insurance is a Florida estimate.
$165/mo
Median HOA
From current listings inside the boundary
Population
954
Median age
52
Median income
$78,967
Median home value
$376,300
Beyond the listings
Living in Residences At University Groves
Hobbies & Interests
Top 2% in the U.S.Green Thumb
From tiny sprouts and window plants, to flower arrangements and designing a landscape, this population has an affinity for all things green.
Attitudes
Top 4% in the U.S.Deal Seekers
These people are hunting discounts, contests, and promotions. The population loves a good sale, and they can't wait to share their bargain finds and winnings with friends and family.
Hobbies & Interests
Top 6% in the U.S.Engine Enthusiast
This population loves working on and showing off their cars, trucks and motorcycles. You can find them researching car shows and the hottest models on the lot.
Food & Drink
Top 7% in the U.S.Fueling for Fitness
A population characterized by healthy eating. Often pre-planning for meals for the purpose of fitness and convenience. Likely to participate in meal prep trends.
Hobbies & Interests
Top 7% in the U.S.Handcrafted
The only thing more beautiful than handmade decor? The hands that made it. This population appreciates the time and care put into one-of-a-kind pieces.
Appearance oriented
Top 9% in the U.S.Body Art
Who says the body isn't a canvas? This population loves talking about tattoos, body art and piercings.
Straight answers
Residences At University Groves FAQs
Is Residences at University Groves a good place to live?+
It suits buyers who want newer, spacious homes in a quieter part of Sarasota County with easy access to the coast. You're within a reasonable drive of the beaches at Lido Key and Sarasota's cultural districts, with homes averaging around 2,422 square feet.
Is it expensive to buy here?+
It's mid-to-upper range for the area, with a median list price of $789,500 and asking prices from $729,000 to $849,999. That said, homes sold over the past year at a median of $640,000, so recent buyers paid meaningfully less than current sellers are asking.
What do homes cost in Residences at University Groves?+
Expect to pay around $326 per square foot for a typical 2,422-square-foot home. Current listings sit between $729,000 and $849,999, while the five homes sold in the last 12 months closed at a median of $640,000.
How is the market right now?+
Fast but tight — only two homes are active, and recent sales moved in a median of 10.5 days. Sellers averaged about 94% of asking on closed deals, so there's typically some room to negotiate off the list price.
What are the HOA fees and property taxes?+
The median HOA is $165 per month, which is modest for a community of this caliber. Property taxes run around $6,984 per year at current values, so factor both into your monthly carrying costs.
Keep exploring
More Sarasota neighborhoods
Neighborhood boundary by edgeAI; listings matched to the polygon. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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