The property is not in distress and privately owned.
The real estate market in Sarasota is very active and rentals are going quickly as are homes for sale. If you are considering renting a home or condo, figure the rent at $100 / sqft. Thus, a 1000 sqft home would rent for $1000.
In some areas (neighborhoods) and condition of the home may increase or decrease the asking rent for the property. It is also becoming increasingly more difficult to find an annual rental as many owners want to use the property themselves and are not offering annual rents only seasonal rents.
Brock Realty Inc.
MLS - http://myfloridahomesmls.com/
Ebay Classifieds – http://www.ebayclassifieds.com/
Florida Rental Ads – http://www.floridarentalads.com/
Real Rentals – http://www.realrentals.com/
Rentals.com – http://www.rentals.com
Rent Range – http://www.rentrange.com
Sarasota Herald Tribune - http://www.heraldtribune.com/
Sun Herald – http://www.sunnewspapers.net