09/14/2026
You know what closed on Lido Key last week? ποΈ
Five condominiums in one building. Just over $56 million between them. Every buyer paid cash. π°
The smallest was $5.4 million. The largest was $14 million.
Now here's what I find interesting π Thirty-eight condos closed in all of Sarasota County that week. Five of them were at this one address β about 13% of the sales, but 71% of the money.
And before anyone calls it a buying frenzy: two of those five closed below asking, and the oldest contract was written back in 2022. This was a building delivering, not a market surging. π’
Happy to walk you through what it means for your own building. π
Team Renick β Lido Key real estate specialists.
The numbers behind the report, refreshed daily β https://blog.teamrenick.com/market-reports/
π Have questions or ready to talk real estate?
Call me directly at 941.400.8735. I'm always here to help.
π Learn more about Michael's approach to real estate here:
https://gulfcoastdecoded.com/
π‘ Ready to start your property search?
Explore listings at
https://search.teamrenick.com/
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