Saravela Sarasota A New Downtown Condo Development Offering Rental Flexibility

Bev Murray Neighborhoods New Homes

Saravela is one of the more talked-about new luxury condominium developments planned for downtown Sarasota, and that interest isn’t just about size or location. Buyers are paying attention because Saravela approaches downtown living a little differently than most traditional condo buildings.

Located on North Tamiami Trail between Fourth and Fifth Streets, Saravela is designed for people who want to be part of downtown Sarasota’s energy—close to the bayfront, arts, and dining—while still having flexibility in how they use their home. In my work with downtown buyers, flexibility and day-to-day usability have become two of the most common priorities, and Saravela is clearly responding to that shift.

Saravela Sarasota Condo Quick Facts

For those who like to start with the basics, here’s a snapshot of what’s planned:

Address
430 N Tamiami Trail, Sarasota, FL 34236

Developer
GSP Development

Building Type
Mixed-use luxury condominium development

Stories
Up to 19 floors

Total Residences
Approximately 282 condominium residences
11 street-level townhomes

Residence Types
One- to four-bedroom condominiums, larger penthouse-style residences, and townhomes

Interior Size Ranges

One-bedroom: approx. 667–856 sq. ft.
Two-bedroom: approx. 1,034–1,631 sq. ft.
Three-bedroom: approx. 1,569–2,086 sq. ft.
Four-bedroom: approx. 1,563–1,865 sq. ft.
Townhomes: approx. 1,530–1,915 sq. ft.

Rental Policy Planned

Three-day minimum rentals with a centrally managed, on-site rental program

Subject to final approvals and governing documents

Saravela Downtown Sarasota Condos For Sale

Saravela Downtown Sarasota Location Overview

Saravela sits on the northern edge of downtown Sarasota, an area many buyers appreciate for its walkability without feeling overly congested. From here, it’s easy to walk to The Bay Park, the Sarasota Bayfront, galleries, theaters, and a growing mix of dining and everyday conveniences.

Just as important, the location connects quickly to U.S. 41. That can make a noticeable difference during season, especially for residents who split time between Sarasota and elsewhere or who frequently travel to Lido Key, St. Armands Circle, or the airport. It’s downtown living that still feels practical day to day.

Short Term Rental Flexibility at Saravela Sarasota

One of the reasons Saravela stands out is its planned approach to rentals. The project is designed to allow three-day minimum rentals, supported by a centrally managed, on-site rental program—something that remains uncommon among downtown Sarasota condominiums.

For owners, this structure is intended to offer flexibility without turning the building into a transient environment. Rentals are planned to be coordinated professionally rather than handled informally, which can help protect both the resident experience and the long-term operation of the building. Having worked through rental rules and association documents across many downtown Sarasota buildings, I always encourage buyers to confirm approvals and governing documents early so expectations are clear from the start.

Saravela Development Team and Building Overview

Saravela is being developed by GSP Development, with plans for two towers rising up to 19 stories. The project includes 282 condominium residences and 11 street-level townhomes, designed to integrate residential living with lifestyle-oriented amenities and street-level activity.

The broader project team includes Kimmich | Smith Architecture, ID & Design International for interior design, and Kimley-Horn overseeing landscape architecture and infrastructure. For buyers evaluating new construction, the experience of the team matters—especially on projects that blend residential, hospitality, and mixed-use elements at this scale.

Saravela Amenities Designed for Downtown Living

Rather than concentrating amenities in a single location, Saravela spreads them across multiple levels of the building. The goal is to support how people actually live—working remotely, entertaining friends, hosting family, and spending extended time in residence.

Plans include co-working and meeting spaces, multiple fitness and wellness areas, spa-style recovery features, social lounges, and outdoor gathering spaces. With multiple pools, rooftop areas, entertainment spaces, and family-friendly features, the emphasis is on creating a building that works just as well for everyday living as it does for hosting guests.

How Saravela Compares to Other Downtown Sarasota Condos

Many buyers considering Saravela are also looking at other downtown Sarasota condominiums, both new and established. While buildings can appear similar at first glance, the differences that matter most tend to show up later—in how rentals are handled, how amenities are managed, and what daily life feels like once a building is fully occupied.

I review these details with clients regularly, because on paper two buildings can look alike but live very differently once you own there. Comparing Saravela to other downtown options means looking beyond marketing materials to understand how each building aligns with real-world use and long-term goals.

ow Saravela Compares to Other Downtown Sarasota Condos

Who Saravela May Appeal To

Saravela may be a good fit for second-home buyers who want flexibility, relocation buyers drawn to walkability and amenities, and owners interested in a managed rental option without committing to a purely tourist-oriented building.

It can also appeal to full-time residents who enjoy being close to the bayfront, arts venues, and Sarasota’s active cultural calendar, while still wanting a building designed for modern downtown living.

Key Considerations for Buying at Saravela

As with any pre-construction condominium purchase, the details matter just as much as the big picture. Construction timelines, specifications, association documents, rental policies, parking, storage, and monthly fees all influence the ownership experience.

After more than two decades working with buyers and developers in Sarasota, I’ve found that clarity upfront leads to better long-term outcomes—especially with downtown new construction. Taking the time to understand how a building is structured before committing can make all the difference later.

About Bev Murray

Bev Murray has worked as a highly successful real estate advisor in Sarasota since relocating from the UK in 1999. Alongside her sister company, Murray Homes, she has been responsible for more than $400 million in real estate bought, sold, and built throughout the Sarasota area.

She specializes in residential properties, vacant land, and development-focused purchases, and is ranked in the top half of one percent of over 50,000 Berkshire Hathaway HomeServices agents nationwide. Bev is a Certified Real Estate Negotiation Expert (RENE) and a Certified Luxury Home Marketing Specialist®.

Fluent in French and Spanish, Bev works closely with relocation and second-home buyers who want clear guidance, realistic expectations, and local insight—especially when evaluating downtown condominiums and new developments.

Saravela Condo FAQ

Where is Saravela located in Sarasota

Saravela is located on North Tamiami Trail between Fourth and Fifth Streets, just north of Sarasota’s traditional downtown core. Residents are within walking distance of The Bay Park, the bayfront, arts venues, restaurants, and daily conveniences, with quick access to U.S. 41.

Is Saravela a residential or mixed-use building

Saravela is a mixed-use development combining residential condominiums with ground-level retail and lifestyle-oriented amenities.

What types of residences are available

The project includes one- to four-bedroom condominiums, larger penthouse residences, and a limited number of street-level townhomes.

What amenities will Saravela offer

Amenities span multiple levels and include fitness and wellness spaces, multiple pools, spa and recovery areas, co-working and meeting rooms, social lounges, and outdoor gathering areas.

Are short-term rentals allowed at Saravela

Saravela has been planned with a short-term rental component that differs from most downtown condominium buildings. Buyers should confirm zoning, approvals, and operating guidelines before purchasing.

Who is Saravela best suited for

Saravela is well suited for second-home buyers, relocations from larger urban markets, and owners who value walkability, amenities, and usage flexibility.