Neighborhood · Sarasota, Florida
Colonial Terrace
A quiet Sarasota pocket with room to stretch out
Colonial Terrace sits within easy reach of the coastal energy that defines Sarasota, close enough to make a morning at Lido Key or an evening in the Rosemary District a casual habit. Homes here run larger than the Sarasota norm — a median of just over 4,000 square feet — which draws buyers who want space without giving up proximity to the water and downtown. It's a residential rhythm that pairs well with the arts-and-beach character of neighbors like Indian Beach / Sapphire Shores.
The market picture is thin but telling. Right now there's a single active listing at $1,000,000, while the last 12 months saw 10 homes close at a median sold price of $410,000 — a reminder that inventory swings hard in a small pocket like this. Sellers have been getting about 97% of asking, and homes are moving in roughly 40 days, so serious buyers should be ready to act when the right listing surfaces.
Colonial Terrace is a community in Sarasota, Florida.
Quick facts
$6,200/mo median rent
10 sold in 12 months
Drive times
On the market now
Homes for sale in Colonial Terrace
Nothing active right now.
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Every active listing inside the Colonial Terrace boundary
Open full map search →The numbers that matter
The Colonial Terrace market
10
Sold, last 12 months
$410,000
Median sold price
97%
Sale-to-list ratio
What sellers actually get vs asking
57 days
Median time to sell
Colonial Terrace vs Sarasota
Median sold price — 3-yr, 3-mo rolling
▼ 25.5% yr/yr
Homes sold per month
Live Stellar MLS data — every listing and closed sale inside the Colonial Terrace boundary. Rolling medians smooth single-month swings in small communities.
For the school run
Schools Colonial Terrace is zoned for
Attendance boundaries overlapping this community — always verify zoning with the district.
Population
975
Median age
38
Median income
$2,491
Median home value
$305,500
Beyond the listings
Living in Colonial Terrace
Appearance oriented
Top 6% in the U.S.Body Art
Who says the body isn't a canvas? This population loves talking about tattoos, body art and piercings.
Food & Drink
Top 8% in the U.S.Hops & Brews
Thirst isn't the only reason this population looks for a good brew. From beer drinkers on a budget to the millennial craft beer enthusiast, these men and women are passionate about different kinds of beer and how it's made.
Pieces of History
You can find these people researching an upcoming exhibit at the natural history museum or learning about a famous monument. This population enjoys learning about the past.
Attitudes
Top 10% 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.
Entertainment
Top 11% in the U.S.Lighthearted Fun
This population is all about keeping the mood light and good, clean fun. Common activities include spending time outdoors, catching up with friends, and dancing.
Food & Drink
Top 12% in the U.S.Trendy Eats
Meals are a social experience, and these foodies take it to the next level. This population can't wait to snap a pic of their plate and share it before chowing down.
Straight answers
Colonial Terrace FAQs
Is Colonial Terrace a good place to live?+
It's a quiet, established Sarasota neighborhood with larger homes — the median size is just over 4,000 square feet — and an easy commute to the beaches at Lido Key. Assigned schools include Gulf Gate Elementary, Brookside Middle, and Riverview High, which suits buyers wanting space close to the coast.
Is Colonial Terrace expensive?+
It runs on the higher end for Sarasota, with the current active listing priced at $1,000,000, though sold prices tell a more grounded story. Over the last 12 months the median sold price was $410,000, so actual closings have landed well below the single active asking price.
What do homes cost in Colonial Terrace?+
The one home on the market is listed at $1,000,000, working out to about $250 per square foot on a roughly 4,005-square-foot property. Looking back over the past year, 10 homes sold at a median of $410,000, which is a more realistic read on the range here.
How is the market in Colonial Terrace?+
It's a low-inventory neighborhood — often just one active listing at a time — with homes selling in a median of about 40 days. Sellers have been getting around 97% of their asking price, so well-priced homes move without lingering.
What about HOA fees and property taxes?+
There's no reported HOA fee for the neighborhood, which keeps monthly carrying costs simpler than in many gated communities. The median annual property tax runs about $9,041, in line with what you'd expect for homes of this size and value.
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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