Here is assorted information regarding the impacts of a neighborhood having access to a biking/hiking trail.  In Sarasota County new home projects seek to have The Legacy Trail access when possible.  When they have access to the trail it is featured prominently in their marketing.   Homes in the Multiple Listing Service (MLS) that are near the trail also feature this benefit in their marketing.

An increasing number of today’s generation of buyers place a high value on trail access; this is a substantial change from past generations seeking golf courses.  For example, in Sarasota County The Legacy Trail is the #2 most popular park only trailing our beaches.

 

MIAMIVILLE, Ohio 

Researchers at the University of Cincinnati say the closer you live to a Little Miami Bike Trail head the more your home is worth.

“Multi-purpose trails have a significant influence on the price of houses when they lie within close proximity to the trail,” assert Professors Olivier Parent and Rainer vom Hofe.

The co-authors of the study conclude that in Hamilton County a home will devalue by $8,960 when moving away from the trail head by 1,000 feet.

Taylor Morrison is one of the largest builders in Sarasota County, and presently, is a dominant building in the Palmer Ranch area where The Legacy Trail runs through the neighborhoods

This is a new, upscale Taylor Morrison neighborhood – below are excerpts of their sales information:

About Esplanade on Palmer Ranch

Esplanade on Palmer Ranch has the distinction of bordering beautiful Oscar Scherer State Park. A walking trail along a natural creek connects to Sarasota’s Legacy Trail, a 10+ mile system of paved trails that is perfect for walking, jogging and biking. The natural beauty of the neighborhood will be enhanced by lush landscaping, grand oak trees, several lakes, and two large wetland preserves.

Studies On Safety,Property Values Near Trails,  and The 1st Link Below Provides Examples Of How Homes In Sarasota County Are Including The Legacy Trail In Marketing

HomeMarketingLegacyTrl

House.sales.near.trails

LA.Bike.paths.safety.property.values

Rail Trail Studies

Pinellas

Tripadvisor .Legacy.trl