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Real estate videos for our market

by Roger Pettingell

The past four years of REALTALK™

Approaching 2019 and our 200th episode of real estate discussions

Episode Number 1
First Episode - We discussed the 2013 and 2014 Sarasota real estate market on April 23, 2014.

When I launched the REALTALK™ video series on April 23, 2014 I wanted to discuss important topics that affected home buyers and sellers in Sarasota and barrier islands. Now 187 weekly episodes later we have done just that. The videos have covered 47 different communities from the Oaks Bayside in Sarasota to the Lands End neighborhood on north Longboat Key. Many times Mary Kay Ryan and I have recorded our episodes from the homes in the neighborhood we were discussing.

There is so much to discuss as each community has its own atmosphere. In our videos of residences on Longboat Key I try to address those unique features that would make it attractive to buyers. We can explain the difference between the luxury beachfront lifestyle of Beachplace and why Grand Bay on the bay side might offer a different attraction.

We covered the Ritz-Carlton downtown from the penthouse there in REALTALK™ #71, then followed up with a spotlight on the Ritz-Carlton Beach Residences two years later in our #154 episode. Someday I hope to have a review of the new Ritz-Carlton that is under development in the rejuvenation of the Quay district downtown.

And we have gone into areas that the casual home buyer may not be aware of. We recently discussed Tremont Estates on Lido Key, just blocks from St. Armands Circle, and Bungalow Hill, west of trail in Sarasota. We thought it would be important to discuss areas like Sapphire Shores on Indian Beach in Sarasota and the luxury homes that were built in the Sanderling Club on Siesta Key.

We have also directed our attention to the gated communities of Bay Isles and homes that have beach access through deeded titles. You can get a glimpse of Queens Harbour, Fairway Bay and the Bayou neighborhood in our community spotlight series.

Topics by the experts in the purchase process and home insurance

REALTALK interview with Mike Mailliard
Interview with experts including Mike Mailliard of MIC Insurance discussing Florida home insurance.

But we have also taken on the serious business of home buying and invited local experts to discuss topics that impact a sale or the value of a home. Real estate attorney Thomas Luzier of the Sarasota firm Dunlap and Moran took on the discussion of state Doc Stamps and Title Insurance in REALTALK™ #38. It has been one of our most viewed videos. This is one I send a link to customers who have questions about these two topics as Thomas did an eloquent and concise review of these two sometimes confusing areas of Florida real estate law.

Insurance in Florida is also unique and sometimes misunderstood. Mike Mailliard of MIC Insurance has been an expert and a frequent guest. In the fall of 2014 we recorded a two-part series where he discussed some important features to look for while insuring a condominium, and then followed it up with part II on insuring single-family homes. He returned for another two-part series as we approached the storm season two years ago. His June 2016 series was timely as he first discussed changes in Florida law that affected home owners, then followed up the next week on actions that needed immediate attention in preparation of the summer months. This episode is one I highly recommend as he discussed protecting your most valuable assets before disaster hits. On September 21, 2017 he provided an update on Florida insurance just days after Hurricane Irma made its path through central Florida.

We have had other experts discussing different topics. A good discussion on the ease and use of a Smart Home was presented in an interview with Wicked Smart Homes president, Mark Bolduc. Sea wall construction has changed over the years so we invited Jim Smith of Custom Dock & Davit to discuss and demonstrate new technologies that offer more longevity. We discussed the advantages of buying new construction in Sarasota with guest Amy Drake, in REALTALK™ #52. I am no lawyer but have enough knowledge of common questions customers ask me so I discussed TRIM notices and preparing for taxes in REALTALK™ #57.

Local programs that have a great social benefit have been discussed. There was no one better to explain the world renowned St. Armands Circle than Diana Corrigan, Executive Director of the St. Armands Circle Association in REALTALK™ #58. Titus Herman, CEO of Southeastern Guide Dogs discussed his program of service to the blind and veterans of war. Juliette Valin, director of membership at the Longboat Key Club was in an episode to discuss the benefits of joining this highly recognized organization. The Westcoast Black Theatre Troupe was highlighted in REALTALK™ #101 in an interview with Nate Jacobs, founder and artistic director, which finished with a duet.

Market updates for sellers and buyers as we see it

Max and Jake guests
Sons Max and Jake - I receive many good comments when sons Max and Jake join me in REALTALK™ discussions, especially around the holidays.

We sometimes think that buyers are only here during peak season from November to mid April. If that were the case we wouldn’t have any home sales in the summer, of which we had a brisk season in those months too this year. As peak seasons come and go I discuss the market and prepare sellers on expectations for their homes on the market. I discuss timing and any perceived fluctuations that might have an impact on the sale of luxury homes or residences. In these updates I provide my best estimate of market timing and how to best present your home for the upcoming season. These updates have been very popular and are some of the most viewed videos.

We like to have fun too. Sons Max and Jake have grown up as guests the past four years, and they discuss serious topics. These videos receive the most comments from viewers, whether they like the way Jake and I discussed the home-buying process or Max asking me questions about home pricing. We present these videos around holidays, particularly at Thanksgiving when I promote Roger’s Great Pie Extravaganza. I learned of their aspirations for the future in a year ending 2016 holiday greeting and magic trick in REALTALK™ #112.

But what could be more fun than the bloopers episode put together by our videographer Detlev von Kessel for our first year anniversary. Catch all the episodes, with their transcripts on our REALTALK™ page. You can also subscribe to these videos from our YouTube playlist. We have enjoyed bringing these two-minute videos to you over the years and hope that the information has been valuable to you. Look for more episodes brought to you on Thursdays. Please email me if you have a suggestion for an upcoming REALTALK™.

We also listed three new properties recently in the Sanctuary and Beachplace on Longboat Key, and a single-family residence in the Oaks. Please contact me at (941) 387-1840 for an exclusive showing or if you have a property to sell or buy.

Address List Price Media Slideshow
535 Sanctuary Dr, #C308 $1,695,000 Video Photo Slideshow
76 Osprey Point Drive $849,000 Video Photo Slideshow
1075 Gulf of Mexico Dr, #203 $549,000 Video Photo Slideshow

 

Call us at (941) 387-1840 for an exclusive showing

 

Ritz-Carlton - Beach Residences Showcase

by Roger Pettingell

Full services and amenities of the Ritz

Worldwide travelers were attracted to Sarasota when the hotel was built

Beach Residences on Lido Key
Beach Residences - The beach component of the Ritz-Carlton in Sarasota is discussed in REALTALK™ #154.

When the Ritz-Carlton moved into Sarasota in 2001 with the building of its Residences on Ritz Carlton Drive the world took notice. It opened up the city to worldwide travelers that were looking for another location in Florida that represented the luxury brand. The brand was on a 20-year rebuilding effort and was constructing its luxury hotels all over the world. The building in Sarasota was a new concept of financing construction of the hotel with the sales of residences.

The success invigorated the city, but created a dilemma for the Ritz-Carlton. Visitors were expecting the amenities experienced in other properties owned by the company. The Ritz-Carlton Golf Course in Lakewood Ranch is an 18-hole championship course designed by Tom Fazio. They had built a second building, the Tower Residences on Watergate Drive in 2003.

But, they quickly realized that they needed a great beach for their guests and Lido Key was the perfect choice. The concept for the Beach Residences on Benjamin Franklin Drive was born and by 2005 it had been built with 88 luxury residences on the white sandy Gulf of Mexico shores. Owners, members and hotel guests have access to the many amenities offered by the Beach Residences.

Beach Residences at 1300 Benjamin Franklin Drive
Beach Residences - Luxury residences on the beach

The Beach Club offers fresco style dining on the deck of the Gulf-front heated saltwater swimming pool. A jacuzzi is a part of the Beach Club for relaxation during the day. There are recreational programs for children in a pet-friendly environment. Grilling areas and covered areas for entertaining are available. The Lido Key Tiki Bar is within a short walk behind the club. The Beach Club is a wonderful place to relax and socialize.

Owners have access to two guests suites on the lower level to entertain family and friends in luxury style. The Beach Residences also offers 24/7 concierge services. There is a clubhouse, social room, library and a private theatre. The fitness center is outfitted with modern exercise equipment.

The location of the Beach Residences offers a splendid blend of nature, shopping and fine dining. Ted Sperling Park, with its hefty population of Mangrove trees is a dream for those who want to explore these waterways on a kayak or canoe that are created naturally in the wetlands of Lido Key. Or you can just feel free to walk on the beach, with 400 feet exclusively for the Beach Residences owners.

World famous St. Armands Circle is a tourist destination known for its fine dining and boutiques shopping. Travel by car or the hotel service van over the Ringling Bridge to other Ritz-Carlton amenities downtown. It also opens you up to the Van Wezel Performing Arts Hall, the opera, symphonies, ballet and other fine art shows. Festivals are common on Gulfstream Avenue across the street from the Ritz-Carlton residences downtown.

View from the penthouse of the Beach Residences
Sensational sunset and beach views from the Beach Residences penthouse on Lido Key

I am preparing to list the south corner Penthouse of the Beach Residences, #1201. This magnificent home has sensational views of the Gulf, bay and the city of Sarasota. The spectacle lights up at sunset with a brilliant display on the Gulf of Mexico. The property is a dream for luxury living with 4,189 square feet of living space. It is a true three bedroom with three full baths and one partial. There is a summer kitchen on the Gulf-side terrace. As I pointed out in REALTALK™ #154 last week the penthouse is offered with a two-car private garage and a third deeded parking space. And you receive all of the amenities of the Ritz -Carlton mentioned in this article.

This modern construction was not the first attempt for a Ritz-Carlton hotel in the area. History will note that the famous circus magnate and real estate developer John Ringling attempted the first Ritz-Carlton in the area. He bought the Ritz-Carlton naming rights for a planned hotel on the southern end of Longboat Key, one that had failed from construction delays and the Great Depression in the late 1920s.

The future of the Ritz-Carlton development in Sarasota is moving forward. A new tower is in its pre-construction stage on Watergate Drive near the hotel and residences downtown. This new building, expected to be completed in 2020, will have 70 residences but not all will be sold to the public. Call our office for pre-construction pricing.

I listed two properties last week that should draw some attention for home buyers looking in Osprey for property on the water or if you are looking to be on the Gulf of Mexico on the northern end of Longboat Key. The first in the Bay Acres community at 412 Bayshore Drive has breathtaking sunsets. This custom-built John Cannon home is ideal for the water enthusiast, offering 162’ of direct-bay frontage, with dock and 8,000-pound lift. On Longboat Key this rarely-available three-bedroom townhouse is located directly on the pristine Gulf shores, offering striking modern upgrades throughout at 260 N. Shore Rd, #4. Please contact me at (941) 387-1840 for an exclusive showing or if you have a property to sell or buy.

Address List Price Media Slideshow
412 Bayshore Drive $2,095,000 Video Photo Slideshow
260 N. Shore Rd, #4 $1,999,000   Photo Slideshow

 

Call us at (941) 387-1840 for an exclusive showing

 

Sarasota Ritz-Carlton, history and spotlight

by Roger Pettingell

Ritz-Carlton bold bid pays off in Sarasota

An overseas trend started here to combine hotel and residences

Views of downtown from the Ritz
Downtown views from the Ritz-Carlton - Amenities, floorplans and views make up a luxury residence.

It was the turn of the century just a few short years ago when one of the biggest names in the luxury hotel market was making its mark in Sarasota history. For it was in the year 2001 The Ritz-Carlton was making its debut in downtown Sarasota overlooking Marina Jack. It was an interesting concept back then, following an overseas trend for using a portion of the reservation money for residences to help finance a world class resort hotel.

Today the Ritz-Carlton residences is the dream that luxury ownership provides. The hotel was completed with six different floor plans and views. The 50 residences above the hotel provides a picturesque view of Sarasota and the waters that stretch out to the Gulf of Mexico. The Ringling Bridge is dazzling at sunset and a wonderful sight at night.

As was the original plan, 80 more residences in a 17-story building were added to the grounds in 2003. These homes on Watergate Drive next door to the hotel have become known as the Tower Residences. Owners here enjoy the many amenities that the Ritz-Carlton system provides. The luxury swimming pools, concierge service, valets, fine dining are all there for your pleasure. I reported on my January 2017 Comparative Market Analysis that the average price among the seven residences sold in the last year was $2,246,786, or $728 per square foot.

The residences are centrally located to many of the favorite dining and entertainment venues that have made Sarasota famous as a cultural arts center. Within a short walk you can go to the opera, listen to a symphony orchestra or catch a world-renown act at the Van Wezel Performing Arts Hall. You can stroll over to Marina Jack where you might have your yacht docked. Or you can attend a live performance at one of the professional local theaters.

In order to expand the services that you might expect at a Ritz-Carlton, a beach club was added on Lido Key. Within a short drive over the Ringling Bridge, owners have access to the beach club and the amenities. The Ritz-Carlton Beach Residences were added in 2005, 88 luxury homes within 12 stories with villas on the first three floors and estates on the remaining levels. There is 400 feet of sand that touches the Gulf of Mexico shoreline, with its near perfect white sand quartz crystals that reflect most of the rays from the sun. This characteristic reduces the heat of the sand and makes it very comfortable to walk on even on the most brilliant of sunlit days.

REALTALK #71 Ritz-Carlton, Sarasota, FL
The Ritz-Carlton lifestyle here in REALTALK™ #119.

Across the street is Ted Sperling Park where you can stroll the paths that lead out to the red mangroves. Many visitors prefer to kayak on the shallow waters inside the park, gliding over the sea grass hoping to catch a glimpse of a west Indian manatee that frequent the area in the summer months. The kayak and paddleboard tours take you through an amazing amount of the local ecosystem of birds, fish, mammals and plant life.

If boutique shopping and fine dining is on your plan for any day, world famous St. Armands Circle is near the Beach Residences. Walk the circle and discover the Ring of Fame, a hall of fame created for the most highly regarded circus performers. A plaque for each is placed around the circle. And when you are finished dining, shopping or sightseeing there are a number of places you can relax to enjoy a favorite beverage. On my January CMAs for the last 12 months there were three homes sold at the Beach Residences averaging $883 per square foot.

You would also expect to play a round of golf at a Ritz-Carlton resort. Full membership in the Ritz-Carlton Club grants you access to all the benefits above and the 18-hole championship course with 16 lakes on 315 acres with a Grand Clubhouse that has won numerous awards.

The three resorts and golf course in 2001-2005 were not the first Ritz-Carlton venture in the Sarasota area. Grand plans for a Ritz-Carlton resort with golf course were laid out in 1926 by the famous John Ringling, circus and developer magnate. His plans laid the foundation for this area as an attraction for the affluent society. He was responsible for the first Ringling Bridge, much of Bird Key, St. Armands Circle and his next foray into attracting the rich, the Ritz-Carlton on the lower end of Longboat Key. It was not a Ritz-Carlton as in a Marriott resort like it is today, Ringling bought the naming rights for an annual fee of $5,000.

1111 Ritz Carlton Drive, #1501
New listing - The views will leave you spellbound.

Plans for the 235 hotel rooms and resort was to be a modern marvel of design and building construction. Over the years plans were added for a golf course, airport and train that would ferry guests to and from the mainland. However, late in that first year Ringling halted construction. Ten years later, John Ringling’s nephew and executor of the Ringling estate continued construction. The announcement prompted another developer, Martin Sweeney of New York, to continue the project. However, little progress was made and the project stalled. In 1963 and January 1964, the structure was razed. The Longboat Key Club and Resort was constructed on the site of the first Ritz-Carlton in the area. The nephew, John Ringling North, was added to the Ring of Fame this year in a ceremony last month.

A complete list of residences for sale at the Ritz-CarIton hotel are available here. I will soon be listing a residence for sale on the 15th floor above the Ritz-Carlton hotel. This home was custom designed by Anne Folsom Smith and has wonderful views of Sarasota's best. The floor plan is over 5,300 square feet, has three bedrooms, four baths, office, den, family room and enormous open kitchen. Last week I listed another residence near the Ritz-Carlton around the corner, across from Marina Jack on Gulfstream Avenue. Please contact me at (941) 387-1840 for an exclusive showing of either or if you have a property to sell or buy.

Address List Price Media Slideshow
101 S. Gulfstream Ave, #11E $399,000   Photo Slideshow

 

Call us at (941) 387-1840 for an exclusive showing

 

Condominiums off Longboat Key

by Roger Pettingell

Condominiums off Longboat Key in Sarasota

Luxury at the Ritz-Carlton Beach and Tower Residences

Comparative Market Analysis reports are available back to 2008 in some communities
Ritz-Carlton - Puttin' on the Ritz, 3.43 miles apart.

Last week I focused on the condominiums that line the shores of Longboat Key, and that there are comparative market analysis (CMA) histories on my website. The two luxury residences off Longboat Key are in The Ritz-Carlton chain, branded for its elegance. The Ritz-Carlton chain is offered in 16 states and available on four of the seven continents worldwide. On-site are meeting rooms and hall for the most elegant of wedding receptions.

Privileged owners in the Tower Residences on 35 Watergate Drive in Sarasota can attest to its luxurious suites and top of the line amenities. Ownership in any of the 50 units provides a path to membership in the exclusive Ritz-Carlton club.

The Ritz-Carlton Sarasota hotel is gracefully designed to flow with the design of the Tower Residences and is considered a tier 2 hotel in the chain. Members of Marriott rewards can redeem their points for a stay in any of the 266 rooms, each with private balconies. Four restaurants offer a range of casual to fine dining experiences. The Jack Dusty restaurant is a favorite among locals. A Jack Dusty is a term for an eighteenth century naval store clerk, now symbolizing a casual experience for gatherings. Owners and guests have access to three lighted tennis courts, full-service salon and an 18-hole championship golf course. Swimming pools are onsite at both the Tower Residences and the hotel.

CMAs are available for the Ritz-Carlton Tower Residences
Spectacular view from Ritz-Carlton Tower Residences overlooking downtown Sarasota.

The 24-hour concierge service will grant you your wish of downtown restaurant locations, including Marina Jack across the street. The Ritz-Carlton is in a great location to explore the nightlife and cultural arts of Sarasota including opera, ballet, pops and symphonies. In the winter you can expect a high quality performance daily in the Van Wezel Performing Arts Hall, also within walking distance.

Within the last year units have sold starting at $361 per square foot to $691 per square foot, with an average of $526. Inventory is available, call our office to see some of the offerings in the Tower Residences.

Catch a sunset from your balcony that overlooks Sarasota Bay and the John Ringling Causeway bridge that connects the mainland to St. Armand’s Circle, Lido Key and Longboat Key. Club members also have access to the Beach Residences, a short drive just under three and half miles on Lido Key. I can set you up with a residence in the Ritz-Carlton Beach Residences. With 88 units on sandy white beaches, the Beach Residences on Lido Key rightly serves as the Member's Beach Club of the Ritz–Carlton Beach Residences. There are 88 units on the Gulf of Mexico at the Beach Residences. Ted Sperling Park across Benjamin Franklin Drive offers a great amount of relaxation among the mangrove trees and is a great location for kayaking among 100 acres of nature preserve.

Ritz-Carlton Beach Residences
Ritz-Carlton Beach Residences units for sale.

With its location right on the beach, these condominiums are generating more per square foot than the Ritz-Carlton counterpart in Sarasota. In the last year, the range for sales was $515 to $945 per square foot, an average sale price of $649. Residences are available, I can arrange for a showing. The building itself has 400 feet of white sand beaches and offered in floor plans up to 5,200 square feet. Walk in to the Beach Residences and you will be exposed to the elegance of the Ritz-Carlton including social room and bar with a fireplace. Monthly CMAs for these units date back to November of 2009 and are only a click away.

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Why Choose
Roger Pettingell?

Experience

  • Over 33 years as a top producing REALTOR® on Longboat Key and in Sarasota.

Achievements

  • Number 1 single Coldwell Banker agent in all of Florida for 2008, 2010, 2012, 2013, 2014, 2015, 2016 and 2017
  • Number 1 Realtor on Longboat Key and Bird Key for 2008, 2010, 2012, 2013, 2014, 2015, 2016, 2017 and 2018
  • Number 1 Realtor for all Sarasota in 2008, 2010, 2012, 2013, 2014, 2015, 2016, 2017 and 2018
  • Coldwell Banker Society of Excellence award in 2013, 2014 and 2016
  • Ranked among the top 250 agents in the country for 2014, 2016 and 2017 by REAL Trends as reported in the Wall Street Journal.

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About Roger Pettingell

Roger Pettingell of Coldwell Banker Residential Real Estate is your Longboat Key, Florida Luxury Real Estate Specialist. Roger provides his real estate expertise to sellers, investors, developers, and buyers in the Sarasota area including Anna Maria, Bird Key, Bradenton Beach, Casey Key, Cortez, Grand Bay, Holmes Beach, Longboat Key, Marina Bay, Osprey and Siesta Key. Search for homes, luxury homes, condominiums, investment property, development property, and vacant land and lots on the Longboat Key, Florida and the surrounding area.