Changes as we approach peak season

Updated information on construction, quarterly figures and new listings

Peak Season listings in REALTALK™ #182
The strategy for new listings as we head into the "shoulder" season, discussed in REALTALK™ #182

After 35 years selling real estate on Longboat Key and Sarasota we have learned a thing or two about setting up for peak season which begins in October. At present the inventory is low but I have a good feeling that is about to change for the better. We have signed a number of listing contracts that will offer a good variety of single-family homes and residences. We will also have a good price range for buyers.

The housing market is faring well too. The Florida Realtors trade group released its second quarter figures for Manatee and Sarasota counties, reporting that median price of single-family homes rose 5.4 percent to $294,990 and residences rose 6.6 percent to $218,000. There are other significant trends for happy home owners. The Longboat Key budget is to pass its fiscal year budget today with no recommended increases in property taxes.

Longboat Club Road guard gate construction
First Phase for new Longboat resort hotel - A realignment of Longboat Club Road and new guard gate is expected to be completed by Thanksgiving

Inventory is also looking upward with the development of the Longboat Key residences that are currently underway. Your first drive from the south on Gulf of Mexico will have this progress in full view, new roadwork to reroute Longboat Club Road by the Chart House Restaurant and our office. This will pave the way for Ocean Properties and its 90 new residences with 250 hotel room complex. A short drive north and you will see the demolition of the old Colony Beach and Tennis Resort. In its place will be 78 condominiums and 166 hotel rooms operated by the prestigious St. Regis company. Travel to the mainland to Tamiami Trail and you will also see the ground broken for the redevelopment of the Quay area in downtown Sarasota, beginning with a new Ritz-Carlton building and 73 new residences that will be connected to the existing Ritz-Carlton by an overhead walking bridge.

A preview of some of the $40 Million in 21 new listings by Halloween

Here is a preview of homes that I have coming onto the market, some as early as next week. The first is a waterfront home with direct bay access in beautiful Cherokee Park on the south end of Sarasota, close to downtown at 1509 South Lodge Drive. This spacious 4BR/5BA home with 5,800 square feet of living space built in 2005 will list at $4,995,000.

1509 South Lodge Drive
1509 South Lodge Drive - $4,995,000

Another home with a lot of space and bedrooms will go on sale next week has 10,335 square feet of living space, with plenty of bedroom space for family and friends with 7 bedrooms and 8 bathroom. It is another newer built home in 2000 listing for $3,995,000 at 1744 Seminole Drive in the Sarasota community of McClellan Park. A home in San Remo Estates at 1363 Tangier Way is a 3 bedroom home with 3 full baths and 2,899 square feet of living space set for the market at $2,995,000.

I have three homes in different areas coming on the market in the $800,000 range. On Longboat Key in Country Club Shores, listing at $895,000 is a 3 bedroom and 3 bath home on the canal with 1,918 square feet of living space. Country Club Shores has always been a community with good valued homes. Returning to Sarasota, this single-family home at 76 Osprey Point Drive in the Oaks is a light and bright 3 bedroom home with 5 bedrooms and spacious 4,364 square feet that I featured in my REALTALK™ #180 video last week, a discussion of the Oaks Bayside. It will list as a good value home for $849,000. The third home in this price range is at 4646 Hidden Forest Drive, with 4 bedrooms, 3 baths and 3,472 square feet of living space priced at $779,000.

415 L’Ambiance Dr, #C604
415 L’Ambiance Dr, #C604 - $2,395,000

If you like the maintenance-free lifestyle that a condominium presents, I have you covered there too. These three residences offer high quality living on the Gulf of Mexico sandy white beaches, where the amenities are many and the sunsets that will take your breath away. Built in 1992 L’Ambiance on the southern end of Longboat Key combine luxury with many amenities in a great location. The 2 bedroom, 3 Bath residence with 2,820 square feet, Gulf and Links on Longboat golf views in a Sabal floor plan at 415 L’Ambiance Dr, #C604, listing for $2,395,000. Just a short drive up Longboat Club Road is a residence with many of the similar amenities on the Gulf at 535 Sanctuary Drive, #B705. This 3 bedroom, 3 bath residence will list for $1,499,000. Near the heart of Longboat Key shopping with a Publix and CVS is the residence at 2675 Gulf of Mexico Dr, #501 in the Veinte community which will list for $1,250,000. On the beach, what more could you ask?

Check our website in the next weeks as these and other listings will return to the market. With any of these listings coming on the market soon, please contact me at (941) 387-1840 for an exclusive showing this week before they go on the market.

 

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