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Under Construction. Fabulous - Laurel on the Water is being built in the heart of Laurel Park - perfectly situated in downtown Sarasota. This is a modern and chic town home enclave, consisting of 7 bayou-front townhouses of 2 and 3 flo... more.or variations. In this best of all worlds, you will find a private backyard, community pool, and shared marina, to complement unique modern architecture delivering a magical living experience. Close to the waterfront, marina, shopping, Saturday farmers market, restaurants, opera, theatre and parks. This is the perfect maintenance free, high rise alternative. Come see your new neighborhood today.