The Neighborhood Report – Rivendell

Discover the ultimate Florida lifestyle in Rivendell.

A newer community located in the village of Osprey, Rivendell includes almost 500 homes in various neighborhoods spread among 400 acres, which include 14 wetlands and more than 20 lakes and ponds. Located conveniently within walking distance from the Pine View School, this master-planned community is designed to complement your active Florida lifestyle

Rivendell is governed by an active volunteer board of committed residents who are interested in maintaining the beauty of the natural surroundings and upholding the property values.

Market Activity – Rivendell

Home sales have been brisk this year so far, as 15 properties have sold with prices ranging from $200,000 to $585,000 with the time from listing to contract averaging three to five months. There are currently 13 properties actively listed for sale priced from $238,500 to $495,000. There are also eight under contract listed between $220,000 and $519,000.

Sales comparisons for the past few years show that the Rivendell market is “holding its own.”

2008: 23 sales at an average sale price of $393,000, days on market averaged 3-5 months.

2009: 30 sales at an average sale price of $$382,000, days on market averaged 3-5 months.

2010: Year-to-date sales at an average sale price of $400,000, days on market averaged 1-3 months. So far, this year looks promising for an increase over last year.

Why Choose Rivendell?

With a prized location between the “Charm of Venice” and the “Culture of Sarasota,” proximity to award-winning beaches, and with Pineview School right in the neighborhood, Rivendell is a truly desirable place to call home for many. Architectural styles in the neighborhood are mostly Mediterranean, with homes and estate properties nestled perfectly into their natural surroundings.

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