Saravela introduces something genuinely new to downtown Sarasota's condo market: fully furnished, turnkey ownership paired with a professionally managed short-term rental program — a three-day minimum, with an 80 percent revenue split back to the owner. In a downtown market where 30-day rental restrictions are the norm, that flexibility is rare, and it's drawing a different kind of buyer: people who want a genuine second home in Sarasota but also want the option to generate income from it when they're not there.
Developed by Chicago-based GSP Development — new to the Sarasota market with this project — Saravela spans two connected towers (18 and 11 stories) on North Tamiami Trail, near the Rosemary District and The Bay Park. The development totals 282 condominium residences plus 11 two-story townhomes, with architecture by Kimmich Smith and interiors by ID & Design International. Every residence is delivered fully furnished by designer Steven G, and prestige and penthouse-level homes (floors 12–19) step up to Sub-Zero and Wolf appliances with panoramic bay and skyline views.
The amenity program is the most extensive of any new downtown Sarasota tower, spanning six indoor and outdoor levels and roughly 47,000 square feet — including two rooftop pools, a golf simulator, and a genuine kids' club, which makes Saravela unusual among downtown high-rises in also appealing to full-time families.
Address | 430 N. Tamiami Trail, Sarasota, FL 34236 |
|---|---|
Developer | GSP Development |
Architecture | Kimmich Smith Architecture |
Interiors | ID & Design International; furnished by Steven G |
Height | Two towers, 18 and 11 stories |
Residences | 282 condominiums + 11 townhomes |
Unit Size | ~667 sq. ft. (1BR) to 2,086 sq. ft. (3BR); townhomes ~1,530–1,915 sq. ft. |
Pricing | From the $900,000s to $3 million+ |
Rental Program | 3-day minimum, professionally managed, 80% revenue to owner |
Estimated Completion | 2029 |
Saravela sits at the northern edge of downtown Sarasota, between the Rosemary District and the bayfront — walkable to restaurants, galleries, and The Bay Park's 53 acres of waterfront trails, without the density of the Quay core. The location suits buyers who want downtown energy with a bit more breathing room, plus quick access to St. Armands Circle and Lido Beach via the included shuttle service.
Where is Saravela located?
Saravela is located at 430 N. Tamiami Trail in downtown Sarasota, between the Rosemary District and the city's bayfront.
What makes Saravela different from other new Sarasota condo towers?
Saravela is the first major downtown Sarasota development to offer a built-in, professionally managed short-term rental program with a three-day minimum stay — a structure not commonly available in the downtown condo market, which typically restricts rentals to 30 days or longer.
How many residences are at Saravela?
The development includes 282 condominium residences across two towers, plus 11 two-story townhomes.
What is the starting price at Saravela?
Pricing begins in the $900,000s, with penthouse-level residences priced above $3 million.
Are the residences furnished?
Yes. All residences are delivered fully turnkey, furnished by designer Steven G, ready for immediate use or rental.
When will Saravela be completed?
Delivery is currently targeted for 2029.
Buying, selling, or simply curious about the market? Send a note and I'll be in touch personally.
Cell
(941) 290-3676
Email
Office
Michael Saunders & Company · St. Armands Circle
61 S. Boulevard of the Presidents
Sarasota, FL 34236
