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Listings with buildable waterfront lots

by Roger Pettingell

The value of land with a home attached

Three homes where buyers are interested in the waterfront property

REALTALK™ #183 - We discuss when a home is purchased for its land value as a tear-down.

Last week I listed three homes at prices to consider them for their lot values. These are strategies when the land value is greater than the home value of the home, especially in aging structures. In Sarasota and Longboat Key there is a scarcity of A-quality lots so buyers are looking at properties for their waterfront views with boat access to Sarasota Bay and the Gulf of Mexico.

I reported on this land value proposition for buyers in REALTALK™ #183 and in REALTALK™ #54 while in a home in Harbor Acres. In that episode I followed up on a news story by Sarasota Herald-Tribune real estate editor Harold Bubil in which I was quoted in the article, Why tear down a perfectly good mansion? Because you can.

Harbor Acres is one of those prime communities where older homes sit next to mansions. I recently sold a property there on Hillview that the land was cleared as a vacant lot for sale. It sold for just under $2 million, I suspect even the dock that was left standing at the time of sale will be replaced.

Another community to consider is Country Club Shores on Longboat Key. Country Club Shores was developed by the Arvida Corporation in the 1960s with homes on man-made canals that stretched out to Sarasota Bay. Roads were added and given names that corresponded with golf and seamanship terms. Some of these homes are aging and are positioned next to the mansions that replaced their neighbor’s homes.

I have a listing there at 560 Putter Lane that I covered in the last Home Showcase XXXV article. It was finished early this year and is ready to take possession as a brand new home with nearly 4,400 square-feet of living space and 4 bedrooms, 5 bathrooms. Two of my listings last week that are listed as buildable lots with homes on them are also in Country Club Shores.

592 Ranger Lane in Country Club Shores
A combination of mansions and original homes looking down the new seawall at 592 Ranger Lane.

The first is at 592 Ranger Lane. A wonderful waterfront value, this furnished three-bedroom home is ready to rent, renovate or enjoy, ideally situated on deep sailboat waters that flow out to Sarasota Bay. The sea wall is new making it more suitable as a new construction home. The home and over 10,000 square feet of lot space is priced at $895,000.

A slightly larger lot is one at 570 Yardarm Lane in Country Club Shores that has over 11,000 square feet of lot space. It also has a new seawall, 100 feet of deep-water frontage and has a boat dock. It is just a stone’s throw from Sarasota’s open bay waters. The three-bedroom home with screen-protected lanai is ready to renovate or enjoy, listed comparably at $830,000.

Off the island and into a West of the Trail property in the Sarasota community of Kentwood Estates is a dream home waiting to happen, and is the third home priced last week as a buildable lot. This charming four-bedroom pool home at 1555 Eastbrook Drive is situated on a corner lakefront parcel spanning nearly a quarter-acre of lush, manicured property listed at $749,000. Waiting for you to renovate or begin a new build, its location in Sarasota is everything and this quiet community, bordering the deep-sailboat waters of the bay, is the perfect complement. This neighborhood is also home to the prestigious Field Club, where members enjoy private access to fine dining, swimming, tennis and the marina.

Over the years of REALTALK™ I have discussed similar topics on building homes in Sarasota. Here are just a few:

Episode Description Date
183 Choices between new, renovated or homes in need of updating October 25, 2018
173 Process for building a new home from start to finish June 28, 2018
84 Gulf-front property values on Longboat Key April 21, 2016
67 Florida home designs have changed over the years November 19, 2015
54 When a home is a tear-down for its land value July 30, 2015
43 Modern architectural design in Sarasota April 1, 2015
5880 Midnight Pass Rd, #905 - Siesta Key community of Casarina on the Number 1 rated beach in the world.

Last week I also listed a penthouse in the Casarina community on the Gulf of Mexico coastal beach of the famed Siesta Key. With nearly 1,700 square feet of updated interior, you will love the stunning ninth-floor views, wonderful amenities and proximity to the beach at 5880 Midnight Pass Rd, #905. 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
5880 Midnight Pass Rd, #905 $749,000 Video Photo Slideshow

 

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

 

Longboat Key Club membership

by Roger Pettingell

You may never want to leave Longboat Key

Premier Facilities for Golf, Tennis, Boating and Dining

Juliette Valin, director of membership, Longboat Key Club, with Roger Pettingell, REALTALK #36
REALTALK™ #36 - I discuss Longboat Key Club dining and recreation offerings in this REALTALK™ interview with Juliette Valin, director of membership.

The luxury lifestyle on Longboat Key can be impressive if you add a Longboat Key Club membership to your property purchase. The amenities are great enough that you may never want to leave the island for recreation or dining. We made this conclusion last week when I spoke with Juliette Valin, director of membership, for a REALTALK™ #36 video. In her standard elevator speech she will tell you of the 45 holes of golf, 24 Har-Tru clay tennis courts, 6,500 square feet of fitness center with 65 fitness classes a week, mostly within three minutes of each other.

Longboat Key Club also has over 250 member events annually, with special occasions for holidays. There are weekly fitness and wellness classes in the Mind & Motion Studio. Members also have access to the beach and pool facilities that overlook the Gulf of Mexico. Add to that private catering and concierge services, and special room rates at their AAA four-diamond hotel and resort for guests, and it is no wonder why members would never want to leave the island.

Recreation:

The 18 holes at the Links of Longboat and 27 holes at Harbourside Golf Course combine for Golf Digest's "Best Places to Play" award. A priority of Ocean Properties after their purchase of Longboat Key Club a couple years ago was to improve golfing in all 45 holes. One improvement was a resurfacing of the greens with a new grass called Paspalum, which is salt tolerant. Trees line the Harbourside Golf Course along Sarasota Bay for a challenging round. Comprised of three courses of red, white and blue, the par-5, 580-yard, number five hole of the “Blue Herron” course could be the signature hole for the entire Harbourside experience. Over 5,000 palm trees and oleander line the course fairways of the renamed Links of Longboat (formerly Islandside Golf Course) with signature holes at two and 15.

Longboat Key Club
Longboat Key Club Moorings on Harbourside

The deep water Longboat Key Club Moorings has 291 weather protected boat slips for sail or motor yachts with telephone, cable TV, electric and water services. Although the marina privilege is a membership amenity available for lease or purchase. A full service marina designated as a clean marina by the Florida Department of Environmental Protection for its environmentally friendly practices and management systems, the moorings is close to many of the recreation and dining offerings of the club. Complimentary daily dockage is available at Longboat Key Club Moorings with full membership.

Home to the Sarasota Open, the Tennis Gardens at Longboat Key Club feature 20 Har-Tru tennis courts. The premier men’s professional tennis tournament in Florida, the Sarasota Open will be held this year the second week of April on the U.S.T.A. certified stadium court in the gardens. The resort conducts a summer class for budding tennis players under the age of 18 as well as personalized lessons, daily strokes and strategy clinics by U.S.T.P.A. professional instructors. The pro shop has a full line of accessories.

Dining and Lounging:

The Court 21 Café and Lounge that overlooks center court at the Tennis Gardens is one of eight restaurants and lounges spread out over the 500 acres of Longboat Key Club. The lounge is open during the prime hours of tennis with brunch, lunch or a late afternoon snack.

Window service in the Tavern & Whiskey Bar opens at 7 a.m. each day and dinner is served until 9 p.m. with simple dishes created with local seasonal ingredients. The Tavern & Whiskey Bar is located on Harbourside by the golf course.

Also on Harbourside by the moorings is Portofino Ristorante & Bar where we were on location for our REALTALK™ video last week. Portofino features Italian cuisine and is open late Tuesday through Saturday. L'Ancora Bar, inside Portofino’s, is open until 10 p.m. weekends and 9 p.m. weekdays, including Sundays.

Over to Islandside, if you are looking for sophisticated cuisine daily in an elegant atmosphere, Sands Pointe in the resort center is the place for your next encounter. Featuring an award winning wine cellar, fresh seafood is brought in daily at Sands Pointe. Reservations are recommended for dinner, but the restaurant is also open for breakfast or lunch.

Socializing is one of the main pastimes at Longboat Key Club. One place is after dinner in the bar at the Point Lounge in the resort center by the Sands Pointe Restaurant. It is open until midnight daily. Spike'n Tees overlooks the Links of Longboat golf course. Relax at the bar after a round of golf or grab a quick breakfast or lunch seven days a week. If you prefer the beach atmosphere, Barefoot's Bar & Grille is also open seven days a week with casual dining and live music on Saturdays while relaxing on the sands of the Gulf of Mexico.

Membership:

Longboat Key Club Links on Longboat Golf Course
Overlooking Links on Longboat - I have four residences for sale at Grand Bay that overlook the Longboat Key Club golf course on Harbourside.

This social club has been one of the premier private memberships in Florida for the past 30 years with four levels of memberships that begins with a full membership. This level offers the highest level of member recreation and dining amenities. With the golf membership you would have full access to the course, full access to all the private dining and lounges, with limited use of the other facilities during peak usage. Likewise, a tennis membership offers unlimited use of the courts, dining, lounge and beach locations, with limited use of other facilities. A social membership limits the use of marina, golf and tennis courts but includes access to restaurants, bars and lounges. Throw in a Childrens' Camp and special programs for youngsters and the entire family can enjoy a Longboat Key Club membership. To send an inquiry to join visit the Longboat Key Club membership page.

Please contact me at (941) 387-1840 if you have a property to sell or buy. We are marketing a home in Country Club Shores as a new listing at 609 Halyard Lane, Longboat Key.

609 Halyard Lane, Longboat Key $799,000   Photo Slideshow

 

Sand Renourishment Moves South to Longboat

by Roger Pettingell

Sand Renourishment Moves South

Longboat Key Schedules Project for Mid-2015

A barge draws sand from a surveyed pocket
A barge draws sand from a surveyed pocket.

Beach erosion on the outer keys destroys wildlife habitats, threatens beach homes and hinders tourist traffic. Beach renourishment projects replenish the sand so that nature can take over and reposition the sand base over several months. The current beach renourishment project on Anna Maria Island is similar to one scheduled for the summer of 2015 here on Longboat Key.

Juan Florenza, public works director for the Town of Longboat Key, said that bids will be sent out to companies that will renourish certain sections of the town’s 11 miles of gulf beachfront. He expects that upon completion by the selected company, an average of 140 feet of sand beach width will be added in the designated areas.

Water, sand and debris is filtered on the beach.
Water, sand and debris is filtered on the beach.

It is a massive undertaking on Anna Maria Island. There, workers on barges are deployed on two, 12-hour shifts, and on land spend three, eight-hour shifts filtering and moving sand that is brought in from pockets up to two miles out in the gulf. These workers replenish the beaches with the white sand that is pumped in. This process is ongoing seven days a week.

Great Lakes Dredge & Dock started the current project on the northern tip of Anna Maria Island. The $13 million federal project was funded by the Federal Emergency Management Agency and overseen by the U.S. Army Corps of Engineers.

The sand is filtered and graded to extend the beach width 125-150 feet.
The sand is graded to the width of 125-150 feet.

That project is completed. An estimated 900,000 cubic yards of sand was brought in from the gulf to renourish nearly 4.7 miles of beach. Manatee County extended the project with Great Lakes Dredge & Dock through Bradenton Beach with local funds to renourish nearly two more miles. That project extension is expected to pump in 216,000 cubic yards at an additional estimated cost of $5 million. Nearly 125-150 feet of beach sand width is added as the company moves southward in 1,000 feet sections. If you drove north this weekend you would have found it hard to miss the project with its heavy equipment, barges, large piping and filtration systems.

Work is 24 hours, seven days a week.
Work is 24 hours, seven days a week.

Beach erosion is a natural process. Experts estimate that 10-15 feet of beach width is eroded each year from pounding waves against the shoreline. Tropical storm Debby took its toll on the beaches and removed a greater amount of sand in 2012. Renourishment is part of the process and is scheduled every few years.

Projects for renourishment begin with survey boats that review sections of the gulf that has a suitable pocket of sand. Once a location is selected, a filtration barge is sent to dredge out the area and pipe it onto the beach where it is filtered again. Then the sand is graded so that over the next six months natural movement takes place and repositions the sand.

Updated: March 18, 2014. Observer News Article - Town works to secure sand for this summer
Date: March 12, 2014 by: Kurt Schultheis | Managing Editor 

Each section of work is 1,000 feet in length.
When workers complete this section, they will move equipment, pipes and fences another 1,000 feet.

Please take a look at our current listings. We welcome these sellers to our services here at Roger Pettingell, Coldwell Banker Previews International. As a licensed agent I can show any property in the Multiple Listing Service. With 26 years of real estate experience in Sarasota and Longboat Key, you can be assured that I have a good working knowledge for any of your luxury waterfront property needs. If you have any questions on buying or selling, please feel free to contact me at (941) 387-1840.

 

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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.