Sarasota is nationally recognized for active-adult living. According to U.S. Census data, the median age in Sarasota County is approximately 56 years, among the highest in Florida.That demographic reality has helped shape strong demand for amenity-rich 55+ communities.
Two of the most established gated options in the University Parkway corridor are Cascades at Sarasota and Lakeridge Falls. Both offer resort-style amenities, social programming, and convenient access to shopping, dining, and healthcare — but they appeal to slightly different buyers.
Cascades at Sarasota
Overview
Cascades is a gated 55+ community developed in the early 2000s with approximately 450+ single-family homes. It is located just east of Tuttle Avenue, close to University Parkway.
Home Style
- Primarily single-family homes
- Typically 1,600–2,500+ sq ft
- 2–3 bedrooms
- Concrete block construction
- Tile roofs
- Many homes feature lake views
- Amenities
- Large clubhouse
- Heated resort-style pool
- Tennis & pickleball courts
- Fitness center
- Ballroom & activity rooms
- On-site social clubs and organized events
HOA Structure
Cascades is known for a comprehensive HOA that generally includes:
- Lawn maintenance
- Gated security
- Cable/internet packages (varies by year)
- Amenity upkeep
Buyers often choose Cascades because:
- It feels more “traditional single-family.”
- Larger lot feel compared to attached villas.
- Strong sense of community programming.
Lakeridge Falls
Overview:
Lakeridge Falls is a gated 55+ community located just west of I-75 off University Parkway. It was developed in the early-mid 2000s and includes both villas and single-family homes.
Home Style
- Mix of attached villas and single-family homes
- Generally 1,400–2,300+ sq ft
- Open floor plans
- Many lakefront homes
- Concrete block construction
Amenities
- Clubhouse
- Heated pool & spa
- Fitness center
- Billiards & card rooms
- Bocce & social activities
- Walking paths around lakes
HOA Structure
Typically includes:
- Exterior maintenance for villas
- Lawn care
- Gate access
- Amenities
Buyers often choose Lakeridge Falls because:
- Lower maintenance lifestyle (especially villas)
- More entry-level price points compared to some other 55+ options
- Close proximity to UTC shopping corridor
Location Comparison
Both communities are near:
- The Mall at University Town Center
- Nathan Benderson Park
- Sarasota-Bradenton International Airport
- Major medical facilities
Market pricing fluctuates based on condition, updates, and location within the community. For current inventory and closed sales data, reviewing active MLS listings is recommended.
Final Thoughts
Both Cascades and Lakeridge Falls are established, financially stable communities with strong resale histories in Sarasota’s 55+ market. The right choice usually comes down to:
- Maintenance preference
- Budget
- Floor plan layout
- Lake view vs interior lot
- Social activity level
If you're considering a move within Sarasota’s active-adult communities, reviewing recent comparable sales, HOA financials, and community rules is essential before making a decision. We actively work with sellers & buyers in both these communities and are happy to discuss in details the options available to you!
Matt & Jenny Cannon
Coldwell Banker Sarasota
Sarasota / Bradenton / Lakewood Ranch / Longboat Key
Real Estate