Sarasota, FL Real Estate News

By Annette Smith, Sarasota Real Estate Agent
(Allen Real Estate Services, Inc.)
Waterfront Living Close to World Famous St. Armands Circle Convenient Location on Longboat Key FL Many homes for sale in Country Club Shores are on canal front lots and are offered with boat docks. These wide and deep canals provide access directly to Sarasota Bay. No bridges to the bay in this community and most homes provide dockage for a large boat. Built in the 1960s, homes in Country Club Shores are being updated, remodeled, torn down and rebuilt. Choosing from a mix of old beautiful updated homes and new construction, you can search for a "handyman special" or a "fixer upper" in this wonderful Longboat Key neighborhood. Don't want to fool around with a project, many of the older homes have been resorted using top of the line appointments. Country Club Shores is a Sarasota neighbor...
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By Anthony Homer
(Ian Black Real Estate)
As your listing agent, I implement a marketing strategy for each of my listings. Research shows that investors prefer viewing details and photos of properties online. Detailed information on the description of the property, photos, maps and demographic information reaches the savvy investor. My Marketing Strategy services include: Property and use-specific demographic packagesFull-color large format listing signsMarketing flyersTargeted jumbo postcard mailingsLocal online listing databasesNational online listing databasesOnline classifieds In addition to the marketing methods listed above, I have a network of many professional and trade groups, giving me direct and personal access to many different segments of the market. The seasoned commercial real estate agents in my office have a la...
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By Annette Smith, Sarasota Real Estate Agent
(Allen Real Estate Services, Inc.)
Waterfront Living on Longboat Key Beautiful Longboat Key FL Beach Community Are you looking for a condo right on the beach? Maybe you'd like to rent your condo part time and enjoy condo living in Florida. The beachside community of Seaplace on Longboat Key allows rentals with a stay of two months, six times per year. Seaplace is a popular Gulfside condo community featuring sweeping views of the water, beach swimming pool, barbecue area, bike paths, meeting room, clubhouse, fitness area and tennis courts. Currently in the Sarasota MLS, 26 units are listed as active, some with 3 bedrooms. Sorry you have to leave the pets at home at this community. Prices at Seaplace start at $399,000 for a two bedroom and two bath unit with over 1200 sq.ft. For $999,000, a new buyer can enjoy a condo with...
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By Annette Smith, Sarasota Real Estate Agent
(Allen Real Estate Services, Inc.)
Showcase of Homes at the Founders Club, Sarasota Visit The Founders Club, A Sarasota Premier Golf Course Community"Exceptional buys and extraordinary values" are being offered at the Showcase of Homes event at the Founders Club, March 2 - March 9, 2008. The event is presented by Sarasota's elite builders and brokers. Located east of Interstate 75, the Founders Club, presents single family homes featuring a golf course designed by famed Robert Trent Jones, Jr.  Preserving the natural beauty of the land, the developers built around majestic oaks in this gated community. 
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The city of Sarasota in Florida, hailed by Money Magazine as the "best small city in America," is an ideal destination to build a viable real estate investment, and many consider investing in the area's wide array of real estate as a truly wise decision to make. Purchasing or selling homes is considered as one of the most major events in one's life. Once one buys a home, they'll be able to have a personal place to call their own, and more space to store their belongings into. The city has a vibrant property market, and the homes on sale here range from standard bungalows to apartments, townhouses, condos and waterfront estates. From Large, Activity-Filled Developments To Quiet Neighborhoods Real estate options on this city vary from upscale and fabulous beachfront condo developments, tr...
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 The city of Sarasota, Florida has a relaxing lifestyle that serves as a magnet for many tourists, home buyers and retiring baby boomers. With the wonderful stretch of white-sand beaches only a few minutes away, this part of the state has been viewed as a perfect year-round vacation destination. Life on the Sarasota waterfront or on the beach is a delightfully relaxing experience, and every lifestyle imaginable, or the quality of real estate you could want, is available on this vibrant property market. Located between the Gulf of Mexico and Sarasota Bay, are a number of islands called "keys" as they are locally called. These lovely island destinations are also filled with a wonderful array of waterfront homes and condos. Waterfront Home Values Have Steadily Risen Here For those who year...
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According to real estate industry observers, roughly one-third of property buyers and investors who committed to buying downtown condo towers during Florida's post-2000 real estate boom, now have appeared to be having buyers' remorse. "The market couldn't be more different now than two years ago. It went from one extreme to the other." Most real estate agents agree that the upper end of the Sarasota condo market remains relatively cold. The number of $1 million-plus condos far exceeds demand, and every development is struggling to sell penthouse units. Nonetheless, real estate agents are still optimistic and very much hopeful for a rebound of the Sarasota condo market. Property Developers Are Back To The Drawing Boards Driven by a desire to distance themselves from rampant speculation o...
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By Annette Smith, Sarasota Real Estate Agent
(Allen Real Estate Services, Inc.)
Elegant Living on Longboat Key Play on Longboat Key FL With water on both sides of the key, the views are extraordinary and sunsets on the Gulf of Mexico are magnificent and sunrise on Sarasota Bay is breathtaking. Residents and visitors have access to many marinas offering boat rentals, charter fishing, and guided water tours.  Boat dockage is also available at many condominiums for renters, and of course, buyers of Longboat Key waterfront property.  Water sports are plentiful:  sailing, snorkeling, fishing, parasailing -- whatever your energy level allows! Live on Longboat Key Longboat Key homes are eclectic, ranging from Old-Florida, Spanish Mediterranean to ultra contemporary.  Like Bird Key, smaller or older homes are currently being renovated or replaced with mini-mansions and ela...
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By Annette Smith, Sarasota Real Estate Agent
(Allen Real Estate Services, Inc.)
Need a Community to Play with your Boat? If you are seeking an exclusive boating community, Bird Key Florida might be perfect.  Bird Key is located just across the new majestic Ringling Bridge from downtown Sarasota.  After crossing the bridge from downtown, take a left at the first light.  Centrally located between the city and world famous St. Armands Circle, Bird Key is known as a waterfront and boating community.  There are no condos on this key.  Bird Key homes and real estate are within an enclave of approximately 500 diverse single family homes.  Quiet streets and vistas of Sarasota Bay and Sarasota's city skyline abound. Architectural styles on Bird Key are eclectic, ranging from "old" Florida, Spanish Mediterranean to contemporary. In many areas, smaller or older homes are curr...
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By Dave Swenson, Dave Swenson, Broker/Team Leader
(EXIT Creative Realty)
Here we are coming down the home stretch in February.  Traffic is heavy, the snowbirds are here, and the fence-sitters are starting to come off the sidelines.  Our market is starting to pick back up.  I have a networking partner in a real estate attorneys office (the #1 in our area).  They had 20% more contracts in December over November, then they had a 33% increase in January over December, now they are 50% over January.  What does it all mean??  People are beginning to take action.  There are some exceptional bargains to be had, and the next few months should be interesting.  What it will take to "declare" the bottom is when the inventory levels drop off and sales continue to increase.The Florida Budget Reform Committee is meeting this year to consider new changes to the tax code in ...
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Today, when you look at downtown Sarasota, you'll see a sprinkling of new, upscale and fancy condominium developments, and you wouldn't probably remember how the area looked just 5 or 6 years ago, because a lot has already changed since then. It's hard to look at the new condominium towers that are dominating the city's downtown landscape without ever wondering. Even during the heyday of the city's real estate frenzy, when people were doubling their money and these high-rise units were being sold in as fast as 90 minutes, many people are continuing to ask, "Who is going to live there?" Are The New developments Revitalizing The Downtown Area? According to housing analysts, there seems to be a slight downturn in the Sarasota property market, albeit only a temporary one. However, it's one ...
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By Annette Smith, Sarasota Real Estate Agent
(Allen Real Estate Services, Inc.)
December Sales Up 22.7 Percent from NovemberSarasota had a dramatic improvement in total unit sales for December 2007 over November.  The buyer's market is gaining strength as our seasonal visitors arrive in Sarasota.  Showings are up and so are sales.  Comparing November 2007 with December 2007, there was a 22.7percent improvement.From the Sarasota MLS statistics, there were 426 closed transaction in December 2007, 280 single family homes and 146 condos.  In December 2006, there were 440 sales.Overall 2007 unit sales were down just 5.8 percent from 2006 totals.  State sales dropped off more than 30 percent so Sarasota fared well.  Total recorded sales of Sarasota homes and condos in 2007 numbered 6,113 compared to 6,491 sales in 2006.Sarasota Association of Realtor's new President, Hel...
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By Billnulls Blog Florida Realty Professional, AHWD
(Charles Rutenberg Realty)
Grandma Moses' Art work is currently on display at the Ringling Museum of Art in beautiful Sarasota! If you are looking for something to do this weekend with the family, take time to go to see this wonderful collection with the family! The museum is on Bayshore Road and opens at 10am seven days a week! You can get more information by calling 941-358-3180.While you are there be sure to check out other works on display, such as the works of Rubens, Velazquez and van Dyck. You will be amazed at the collection this museum has!
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By Nicki Conway, Sarasota Fl Real Estate
(RE/MAX Alliance Group)
  Sarasota Real Estate FAQs  Fast Answers to Your Sarasota Real Estate Questions Q. What's the weather like in Sarasota?   A. Delightful! The average year-round temperature is a pleasant 72 degrees--averaging 61.5 degrees in January and 80 degrees in August. The average annual rainfall in the greater Sarasota area is 60 inches.Q.  What's the Florida Homestead Exemption all About?A.  Every person who has legal or equitable title to real property in the State of Florida and who resides on the property as of January 1 and makes it his/her permanent home is eligible for a $25,000 homestead exemption.  The Florida homestead exemption places a 3% per year (or the cost of living index, whichever is less), cap on the amount of property tax the county appraiser can place on your property.  Q.  W...
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Thousands of people recently attended the lighting of the Christmas tree at St. Armand's Circle in Sarasota, Florida.  We were forced to park several blocks away and hike our way in to the event. This was actually the first year that I attended.The St. Armand's Circle Association describes the circle this way,"Set amidst a tropical paradise, St. Armands is an enchanting circle of fine shops and gourmet restaurants. Renowned as a market place with a continental flavor, it is a charming and graceful synthesis of past and present. Lush tropical plantings, courtyards and patios, antique statuary and contemporary architectural design skillfully contribute to an international atmosphere of friendly warmth, enduring elegance, and timeless style. Relax in the restaurants, explore the shops - fr...
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By Nicki Conway, Sarasota Fl Real Estate
(RE/MAX Alliance Group)
  Sarasota Real Estate Statistics for November 2007 Price Range Active Listings Sold November Current Pending $50,000 to $250,000 1108 36 108 $251,000 to $350,000 951 27 64 $351,000 to $500,000 898 21 59 $501,000 to $750,000 706 22 43 $751,000 to $1,000,000 419 7 28 $1,001,000 to $2,000,000 518 7 20 $2,001,000 to $3,000,000 216 2 6 $3,001,000 to $10,000,000+ 167 7 1 TOTALS 4983 129 329 It's always interesting to compare Sarasota's real estate stats from year to year and even month to month. In the month of November, of 2005, there were 840 active listings added to the market from the month before. The absorption rate jumped from 4.5 months in October of 2005 to 6.45 in November of 2005. At this point, we were still in a fairly "normal" market, but because Sarasota had been one of the ho...
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By Martinelli Caputi, & Associates, Ltd.
(Martinelli Caputi & Associates, Ltd.)
Lido Key, Florida (Sarasota County) Lido Key is a barrier island (a common feature along the coast of the “Sunshine State”) on the southwest coast of Florida. The key is directly west of Sarasota and south of St. Petersburg/Tampa Bay. Lido Key is commonly accessed via the John Ringling Causeway bridge from downtown Sarasota. It may also be accessed from the north via Longboat Key. Its location (between Sarasota Bay and the Gulf of Mexico) and temperate climate, combined with the area amenities (shopping, beaches, laid-back nightlife) make it a popular attraction for visitors around the world. Shopping East of Lido Beach is St. Armands Circle. John Ringling purchased the property in 1917 and planned the general layout of the shops and homes. The circle is an upscale shopping area with sm...
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By Nicki Conway, Sarasota Fl Real Estate
(RE/MAX Alliance Group)
A Scroll Through Sarasota's Baypoint Park    If you're driving along US 41 and heading for downtown Sarasota or planning a stop at St. Armand's Circle to do a little shopping before you go to the beach on Longboat Key, you're going to drive right by Sarasota's beautiful Baypoint Park, where you can take a stroll, watch the boats, play by the fountain, or have a cool one at "Cocktails in Paradise".  Sarasota has always been a Mecca for the arts and the current display at Baypoint Park makes a wonderful statement about the city's love for the arts. So, come take a scroll with me down the path along Sarasota Bay and let's look at some beautiful art...   Star Pointer     This one's called "Comprehension" A Man looking at "The Man"! The Bench Ominous Icon Asphalt Art Pudding The building in ...
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By Axel Weiss, Sea to Sky Realty
(Bradenton Realtor and Sarasota Homes for Sale)
Another Luxury Real Estate Auction took place on Friday at the Longboat Key Club and Resort.The responsible local Real Estate company for this auction was Sky Sotheby's Realty of Sarasota. The auction was overseen by Daniel DeCaro Real Estate Auctions Inc. Some noticeable outcome:1522 & 1538 N Casey Key Road8 Bedroom(s) | 10 Full Bath(s) | 0 Half Bath(s) | 11748 sq. ft.Offered for $20,035,000Sold for $14,000,000We compile a sale to listing price ratio: 69%120 Osprey Point Drive6 Bedroom(s) | 7 Full Bath(s) | 2 Half Bath(s) | 11759 sq. ft.Offered for $8,900,000Sold for $ 6,100,000Sale to listing price ratio: 68%204 Bird Key Drive5 Bedroom(s) | 5 Full Bath(s) | 1 Half Bath(s) | 8071 sq. ft. Offered for $7,900,000Sold for less than $4,200,000Sale to listing price ratio: 53%Lake Vista Condo...
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By Nicki Conway, Sarasota Fl Real Estate
(RE/MAX Alliance Group)
  As I write this blog post, I'm thinking back to a few days ago when I was literally showing condos in Paradise.  Longboat Key, Florida is one of my favorite communities in Sarasota Florida and one of my favorite places on earth.    Longboat Key is a 9-mile barrier island just north of Sarasota Florida.  It's flanked by the Gulf of Mexico on the West Side and Sarasota Bay on the East side.  Here's a map Starting at the South end of the Key, you have the Longboat Key Resort.  Behind the gates of the Longboat Key Club, you'll find a variety of condominiums as well as ultra luxury single family homes that line the Gulf of Mexico. Some of the amenities in having a membership at the Longboat Key Club are 45 Holes of Championship Golf Two Driving Ranges with Complimentary Range Balls 38 Har-...
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