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Residence construction update

by Roger Pettingell

Increases in Sarasota inventory

Resurgence of new residences is revitalizing the cities and landscape

The Grande in downtown Sarasota
Ritz-Carlton - Occupancy is expected late in 2020

Two of the most prominent residence construction projects on Tamiami Trail in downtown are topped off. The Grande, the Ritz-Carlton development project, and the BLVD across the street are nearing completion with expected occupancy late next year. There are new projects on the drawing board for Sarasota and Bradenton. The first development in the original Quay district is the newest residence of the Ritz-Carlton chain in Sarasota. It will join the Residences, Beach Residences and Tower Residences under the luxury brand. Occupancy is expected in December of 2020 with seven of its 73 residences with active sales at 200 Quay Commons. The price range of these listings begin at $2.6 million. There are two penthouses remaining with a top price of $8.5 million. I have one of the penthouses pending as a sale.

In the planning stage are more residences in the Quay area, 15 acres originally developed in 1985 but abandoned in 2007. When the Quay projects are completed, there will be mixed-use projects of apartments, condominiums and retail shops. The future of the Van Wezel Performing Arts Hall is part of the discussion to complete development of the Sarasota bayfront.

BLVD
BLVD - Expected to be completed in mid-2020

The BLVD is also expected to be completed in second quarter of 2020. This luxury project that topped off in October is an 18-story development housing 49 units at 540 North Tamiami Trail. There are four active sales from $2.2 million to $3.3 million, each with over 3,500 square feet of living space. The amenities are an excellent display of luxury that includes a zero-horizon rooftop pool, wine cellar, pet lawn, indoor driving range and state-of-the-art fitness center. There is a first-floor restaurant and boutique shopping at street level.

The DeMarcay had its ground-breaking ceremony in November. It is one of the newest residence construction projects to get underway in the expanding Sarasota universe of residence inventory. The DeMarcay is a 39-unit structure at the burgeoning downtown Palm Avenue district. Developers hope to maintain the rustic look of the DeMarcay hotel and cigar factory that flourished after it was first built in the 1920s. The rooftop pool on the 18th story will provide a panoramic view of the bay and downtown Sarasota.

One of the largest projects in Sarasota cleared a legal hurdle and is moving forward with 414 residences on 24 acres at the corner of U.S 41 and Stickney Point Road. The Siesta Promenade is a mixed-use project that will also include 130 hotel rooms and commercial space on the northern access road to Siesta Key.

Another legal battle to be resolved involves the old Colony on Longboat Key. The next hearing in this lengthy process is one in April in which ownership disputes of properties on the old tennis and beach resort will be settled. The buildings were razed by the developer after it was determined that they were a hazard in the community. Unicorp of Orlando, the company that owns most of the land at the Colony, agreed to clear the land and did it without receiving payment. Planned is a luxury hotel of 166 rooms operated by St. Regis and 78 residences.

The hotel and 132 residences at Margaritaville in Bradenton is under construction. The growing number of residences in the country made famous by Jimmy Buffett has already opened its marina in February with 55 deep-water wet slips and boathouse that will house another 128 boats. The One Particular Harbour Margaritaville will have many amenities to “waste away”.

Bluesfest
BluesFest - Sold out concert this past weekend in Bradenton's Riverwalk Amphitheatre

The Preserve at Riverwalk in downtown Bradenton is expanding on over nine acres along the Manatee River. Also in the works is the Aria at Bradenton at Manatee Avenue and First Street as part of the revitalization of downtown that included the 2015 opening of the Riversong Apartments. These projects completed the Riverwalk that was completed in October of 2012. It stretches from the Green Bridge past the Manatee Memorial Hospital and includes a skate park and playground. Summary updates on 51 condominium communities are listed on our New Residence Development page.

I listed a home for sale on the north end of Longboat Key at 701 Lands End Drive. This secluded 3BR plus den home is nestled among lush foliage, resting along peaceful waters that flow out to Sarasota Bay. Sunny and open, with walls of floor-to-ceiling glass that overlook tropical vegetation, the nearly 4,000 SF of interior. 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
701 Lands End Drive $995,000   Photo Slideshow

 

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

 

Recently listed remarkable waterfront homes

by Roger Pettingell

On the water and loving it

Four luxury waterfront homes in southern Sarasota with stunning sunsets

1346 Harbor Drive
Harbor Acres - 1346 Harbor Drive

If you like waterfront property you are going to love these four new listings. You hear the waves as they gently roll up onto the sand. You get fantastic views of the sun setting or skyline icons. These homes also have a high number of bedrooms so the holidays can be spent with family members. They are truly luxury waterfront homes, my specialty.

The first one is hailed as one of the best lots in Harbor Acres with spectacular direct views of Sarasota Bay, John Ringling Bridge, downtown’s cityscape and sights of sailboats abound around every corner of this five-bedroom estate. Chic upgrades, high-end finishes and clean lines conscientiously blends form and function throughout the nearly 5,300 SF designer home at 1364 Harbor Drive.

New white oak hardwood flooring on the first level creates a relaxed flow from room to room. The inspired living room achieves a warm and inviting climate with a timeless design, offering statuesque cathedral ceiling, walls of impact glass sliders that overlook the extravagant outdoor entertaining space and tranquil bay waters beyond, as well as wraparound promenade from the second floor, complementing the light and airy atmosphere. Ideally arranged for entertaining, the open dining room is to the west of this great room, while the wraparound wet bar and chef’s kitchen is only steps away to the north.

1346 Harbor Drive
Casey Key - 2905 Casey Key Road

The next three are directly on the Gulf of Mexico beaches in the southern end of Sarasota County, the first of which is at 2905 Casey Key Road in Nokomis. The luxury of brand-new just built in 2019, Gulf-front living can be yours to enjoy at this stunning, 5BR beach estate. This elevated home offers more than a half-acre of beachfront property. Designed to highlight breathtaking views of Gulf beaches and crimson sunsets from every room. The more than 5,300 SF interior, waiting for you to add your personal style, ideally blends timeless beauty and elegance.

Overflowing with wonderful custom features inside and out, which include HardiPlank cement siding, manicured landscaping, impact Anderson windows and glass French doors, cathedral ceilings, crown molding, LED lighting, hardwood flooring and three-stop elevator. The first living level comprises a great room with walls of glass and wet bar, as well as gourmet kitchen with all-white staggered cabinetry, three ovens and 6-burner Viking gas stove, plus formal and informal dining is only steps away.

The northern end of Manasota Key offers an ideal location for quiet reflection and relaxation. Residents here can take full advantage of the outdoors. This area typically has the highest number of nesting sea turtles May to October. Charter a boat for a day of fishing or be the captain of your own boat. Canoe or take a paddleboard and explore Lemon Bay. On the southern end of Manasota Key is Stump Pass Beach State Park, with its mile of beaches. Beachcombers look for shells, megalodon teeth or fish from the surf. Membership in the Manasota Beach Club opens up an array of wonderful amenities.

8220 Manasota Key Road
Manasota Key - 8220 Manasota Key Road

Walk a few steps from the brick pavered lanai of this beach home to enjoy the Gulf of Mexico waters, everything you get at 8220 Manasota Key Road. This Gulf-front estate is situated on more than a half-acre and has 100 feet of direct beach frontage, waiting for you to appreciate it as is, renovate or begin your dream home. Captivating sunset views stretch on forever from the various tiled terraces and the west-facing guest residence.

Many improvements have been done in 2018 and 2019 that truly bring this property up in desirability and value. The laundry list includes all new flat tile roof & soffits, fresh paint inside and out, all new sod in the front and back yards, new shell driveway that will accommodate lots of vehicles, upgraded pool surface and pumps, septic tank cleaned and inspected, 4 brand new AC units, two new electrical panels, sliding glass door rollers replaced where needed and much, much more.

7760 Manasota Key Road
Manasota Key - 7760 Manasota Key Road

Take your own private boardwalk from the screen-protected lanai and enjoy the Gulf of Mexico at 7760 Manasota Key Road. Ideal Gulf-front living is a breeze at this four-bedroom residence. A separate artist’s studio is attached to the two-car garage. Lovely upgrades to the kitchen include shaker-style cabinetry, Quartz countertops and backsplash, breakfast bar peninsula and stainless appliances. From the Florida pine wood floors throughout, to the PGT impact windows, this delightful getaway will be hard to ever leave. Please contact me at (941) 387-1840 for an exclusive showing or if you have a property to sell or buy.

 

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

 

Home showcase series on Winding Oaks

by Roger Pettingell

Location, private and beach access

Winding Oaks properties are featured in this Home Showcase XXXX article

REALTALK™ #216
Winding Oaks - Featured in REALTALK™ #216.

Looking for a community with Gulf of Mexico beach access, high walkability score, is private and family oriented, then you should look at the neighborhood of Winding Oaks in a great location on Longboat Key. These two and three bedroom live like single family homes, most with golf and water views. I discussed two of my active listings there, its features and amenities in REALTALK™ #216.

Behind the secure gates of Bay Isles, Winding Oaks is centrally located with homes that have their own private courtyards and decks. The high ceilings of these homes present a light and open feeling, built with comfort in mind between 1988 and 1991. Most of the 58 homes are equipped with 2-car attached garages. Relish a luxurious maintenance-free lifestyle in Winding Oaks.

And the Bay Isles Beach Club is a short bicycle ride. Homeowners enjoy deeded beach access through the beach club. With your club card you will find many of the pleasures that exist for members any time of the day or night. This private beach on the beautiful sands of the Gulf has showers, pavilions, picnic areas with grills, sand volleyball courts and restrooms. The amenities make for a relaxing day at the beach.

3431 Winding Oaks Dr, #16
Winding Oaks - 3427 Winding Oaks Dr, #14.

The first listing to discuss is 3427 Winding Oaks Dr, #14. Contemporary upgrades accentuate every inch of this chic waterfront residence. You will adore the radiant ambiance this 3BR villa creates with its clean lines, unique flooring, plus designer kitchen that opens to the living/dining room and relaxing views beyond. This home offers a screened patio and its own pool.

As you stroll outside your Winding Oaks home you can sense the friendly atmosphere as you encounter others walking or biking on the streets and walkway trails. You will also see that this is a very pet-friendly community with little restrictions on the size of your pooch. Walk a little further and you will be standing in front of Publix and the boutique shops in the plaza at the entrance to Bay Isles.

3431 Winding Oaks Dr, #16
Winding Oaks - 3431 Winding Oaks Dr, #16.

A little walk from my first listing is my second listing at 3431 Winding Oaks Dr, #16. Situated in a prime spot, overlooking peaceful lake waters, this 3BR Winding Oaks residence has been recently updated throughout. Offering a single-family home atmosphere, with its more than 2,500-square- feet of interior, two-car garage, cathedral ceilings, as well as wraparound walls of glass windows and sliders that open to the terrace or atrium in multiple rooms and enhance the light and lofty mood throughout.

I have three new properties I put on the market last week. Hailed as one of the best lots in Harbor Acres, spectacular direct views of Sarasota Bay, John Ringling Bridge, downtown’s cityscape and sights of sailboats abound around every corner of this five-bedroom estate at 1364 Harbor Drive. Looking for something to fit a lower budget, look at 453 East Royal Flamingo Drive in Bird Key or 99 Sunset Dr, #102 at Lawrence Pointe in Sarasota. 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
1364 Harbor Drive $6,995,000 Video Photo Slideshow
453 East Royal Flamingo Drive $1,999,000 Video Photo Slideshow
99 Sunset Dr, #102 $999,000 Video Photo Slideshow

 

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

 

Options for residences on south Longboat Key

by Roger Pettingell

Ten Longboat communities with CMAs

Southern end of Longboat Key, from the New Pass Bridge to Bay Isles

Homes and residences behind the gates of Bay Isles have deeded access to the Bay Isles Beach Club
Bay Isles Beach Club - Deeded beach access

Residences like Beachplace and Grand Bay are very popular, and on each coast of Longboat Key. There are many that line the shores on the lower end of Longboat Key, from New Pass on the south to Bay Isles about the midway point. Bay Isles covers a large surface area as Longboat Key widens to support the island with a Publix, CVS and boutique shops. Within this area homeowners have deeded access to the beach club that includes amenities on the Gulf of Mexico white sands. Bay Isles is behind two 24/7 manned gates that I discuss these perks in my REALTALK™ #109 video and in a 2016 REALTALKplus™ article.

Last week I posted Comparative Market Analysis (CMA) reports for ten of these communities in the southern half of Longboat Key. These monthly reports show Active, Pending and Sold listings, some as far back as a decade. I have provided a link in this report to those CMAs.

L'Ambiance Community spotlight
L'Ambiance - Spotlight in REALTALK™ #104.

Once over the New Pass bridge from Lido Key you will turn left just past the Chart House restaurant and pass through the gates of the Longboat Key Club, around the golf course bend to access the L’Ambiance community of 136 residences in two buildings on your left. This is luxury living on the Gulf of Mexico, with 300 feet of white sand as your private beach. With Har-Tru tennis courts, 240-foot swimming pool and a concierge staff in each building, you may never want to leave. Built in 1992, it sets adjacent to the Longboat Key Club with two championship golf courses and 20 Har-Tru tennis courts. I discussed L’Ambiance in a community showcase in REALTALK™ #104 and in this REALTALKplus™ article. The monthly CMAs for L’Ambiance extend back to 2010.

Continue up Longboat Club Road to the Pierre. You can get a three-bedroom residence with an average floor space of 2,410 square feet overlooking the Gulf on one side and the club’s Links on Longboat across the street. There are 66 residences and amenities to rival the other luxury communities on the island. Relax in the heated pool and hot tub or stay healthy with the fitness center and on the tennis courts. Feel safe with state-of-the-art security and manned guard gate. It is one of our newest members of CMAs back to 2017.

The next door neighbor to the Pierre is the Sanctuary, aptly named for it has a haven-like atmosphere in five buildings, spread out over 18 acres on Sanctuary Drive. Of the 181 units, the Ascot floor plan has 3,115 square feet of floor space and 800 square feet of terrace for wonderful sunset views. The five to seven floor buildings were built in phases from 1989 to 1992, with under-building deeded parking spaces. Residents also enjoy the 25-meter heated lap pool, fitness center, two tennis courts, spa and clubhouse. There are seven years of monthly CMAs and was also covered in a REALTALKplus™ article.

Residences in Regent Place are rarely available for sale. Once you purchase a unit here you likely will want to hang onto it. It’s also on Longboat Club Road past the Sanctuary and Longboat Key Towers. These units are spaced out in two buildings with an oversized swimming pool, fitness center and clubhouse separating these structures. Regent Place has some of the largest floor plans in their regular units on Longboat Key, built in 1995 and continues to fetch high dollar. Each owner has two enclosed garage spaces. Regent Place CMAs came online with its first to appear in April of 2012.

Other communities on Longboat Club Road offer a wide selection of floor plans and amenities. They have one thing in common, with a short drive they are close to St. Armands Circle and the shopping complex at Bay Isles. If you have a Longboat Key Club membership you are likely overlooking the Links On Longboat golf course and some of the amenities that are offered through the club that I covered in a REALTALKplus™ article.

Back to the beginning of our venture. Driving from the New Pass bridge your first residences on the Gulf of Mexico Drive right side is Tangerine Bay. Flanked by a bird sanctuary on the south at Quick Point and the popular Dry Dock Waterfront Grill, you can get your exercise early and have lunch at noon, all within a short walk of each other. The Tangerine Bay Club is an oasis within an oasis. The beautiful lush manicured gardens greet you as you enter this community. The swimming pool and clubhouse is on an island accessible in the center of the property by walking bridges, creating stunning views from the units facing inward from the five buildings at Tangerine Bay. Buildings I and V face Sarasota Bay, where a day dock is available on a first served basis. Tangerine Bay CMAs have been covered each month since 2014.

Beachplace Community spotlight
Beachplace - Spotlight in REALTALK™ #76.

On the Gulf side our next community up Gulf of Mexico Drive has 11 buildings on 31 acres on the beach, Beachplace is one of the most socially active communities on Longboat Key. Arvida Corporation constructed these buildings over three years starting in 1979. Residences average around 1,500 square feet and are offered as two or three bedroom units. Amenities include a state-of-the art fitness center, Olympic size swimming pool and three Har-Tru tennis courts. Buildings either overlook the Gulf or the peaceful lake with soothing fountains. It too has a 24/7 manned guard gate and on-site management. I covered Beachplace in a REALTALK™ #76 video with the Gulf as my background and in a REALTALKplus™ article. Monthly CMAs for Beachplace started in 2012.

Next door to the north is the Promenade, constructed in 1985. Units here range in size from just under 1,600 square feet to the largest at 4,172 square feet, in two and three bedroom configurations. The 112 residences are surrounded by a heated swimming pool, clubhouse, four tennis courts, fitness center and hot tub. Security is 24/7 with manned guard gates and on-site management are there to help with your needs to make your stay comfortable. For more information see my REALTALK™ #118 video and read my REALTALKplus™ article. Monthly CMAs for Promenade started in 2012.

Water Club Community spotlight
Water Club - Spotlight in REALTALK™ #127.

The Water Club is the next set of residences as you continue your tour up Gulf of Mexico Drive. The centerpiece of this community is its grand Mediterranean style clubhouse. There exceptional amenities found only at the Water Club in the Clubhouse is a spacious ballroom, catering kitchen, library with fireplace, pool table and table tennis. The Water Club provides its signature amenities including an outdoor hot tub, two indoor hot tubs, Olympic size swimming pool and the azure colored waters of the Gulf. There are four lighted tennis courts. Security is provided 24/7 with guard gates and secure garage parking areas. Catch my REALTALK™ #127 video, read the REALTALKplus™ article and research monthly CMAs for Water Club dating back to 2010.

Vizcaya is a rare community that is actually divided between the Manatee and Sarasota counties. Built in two years starting in 1997, this community consists of 37 residences. Not only are you on the sandy white beaches of Longboat Key, you have your own Gulf-side pool, a state-of-the art fitness center and private garage space. This is a pet-friendly community with board approval. We started monthly CMAs at Vizcaya in 2012.

Grand Bay Community spotlight
Grand Bay - Spotlight in this REALTALKplus™ article.

Behind the secure gates of Bay Isles, Grand Bay is one of our favorite communities on the bay side of Longboat Key. We often have listings at Grand Bay among the variety of floor plans, some with flow-through residences with views of the Gulf and the bay. It is known for its two resort pools, Har-Tru tennis courts, fitness center and 24-hour security with its own private manned gate entrance. It is more attractive with the Longboat Key Club membership as its Harbourside Golf winds past the six buildings with 272 residences. The Moorings has slips for 291 boats with a full-service marina. Grand Bay is covered in this REALTALK™ #117 video and in a REALTALKplus™ article. Monthly CMAs for Grand Bay started in 2009.

New listings last week

Address List Price Media Slideshow
340 Gulf of Mexico Dr, #122 $1,295,000 Video Photo Slideshow
2016 Harbourside Dr, #344/345 $849,000   Photo Slideshow
1115 Gulf of Mexico Dr, #502 $519,000   Photo Slideshow

 

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

 

Luxury waterfront residences on Longboat Key

by Roger Pettingell

Home Showcase XXXIX: On the beaches

Three rarely available residences on the water as showcase communities

Earlier this month I discussed value properties on the water. To continue with that theme for Home Showcase XXXIX I present three luxury waterfront residences on Longboat Key appropriately priced for their value. They are also in communities where homes are rarely listed, Villa di Lancia, Longboat Key Towers and Tangerine Bay.

2165 Gulf of Mexico Dr #123 - Villa di Lancia

Rarely available, direct Gulf-front residence at Villa di Lancia! With nearly 2,500 SF of living space to love, this sunny beach getaway feels like a single-family residence. Offering great room, eat-in kitchen, split bedroom layout and secure parking.
$1,495,000 - Click here for the video

2165 Gulf of Mexico Dr #123 - Click here for the website
340 Gulf of Mexico Dr #122A - Tangerine Bay

Tangerine Bay residences don’t come on the market often. Ready for the MLS, this beautifully updated 3BR residence directly overlooks the peaceful waters of Sarasota Bay with a flourish of recent renovations.
$1,295,000

340 Gulf of Mexico Dr #122A - Click here for the website
603 Longboat Club Rd #201N - LBK Towers

Panoramic, direct views of the Gulf’s azure waves and pristine shores abound! Located in a corner spot, this 3BR residence is reminiscent of a single-family home, offering 2,400+ SF of interior, plus west and east-facing terraces.
$1,195,000 - Click here for the video

603 Longboat Club Road #201N - Click here for the website

We also have several new listings that are off the market now but poised to be listed in MLS soon. Last week I listed a wonderful full lot with main and guest house on the open bay at 8204 Longbay Boulevard. Please contact us at (941) 387-1840 to schedule a showing of these properties or to see the other residences in our inventory.

Address List Price Media Slideshow
8204 Longbay Boulevard $1,185,000 Video Photo Slideshow

 

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

 

Value listings on the Longboat Key beaches

by Roger Pettingell

Valuable residences on the beach

Sand Cay, Westchester and the Beaches Home Showcase communities

Value is a perception, an objective view of products, services and even homes. I selected residence sales today for my Home Showcase XXXVIII article that have a great amount of value. These are residences under one-million dollars. You don’t have to be a one-percenter to love and purchase these homes, especially if you want to have a place in the sun on Longboat Key. By the way, just about anywhere on Longboat Key is near the beach and all three of these are on the beach. That's value.

775 Longboat Club Rd, #706 - Beaches

This direct Gulf-front, 7th-floor residence at the Beaches is completely updated and move-in ready. Gulf shores and striking sunsets abound from every room of this designer 2BR beach getaway. Includes abundant secure parking.
$799,000 - Click here for the video

775 Longboat Club Rd, #706 - Click here for the website
4825 Gulf of Mexico Dr, #503 - Westchester

Direct Gulf-front retreat furnished and ready to rent or renovate! This 2BR, 5th-floor residence is a flourish of beautiful beach views and striking sunsets from every room. Includes covered parking and deeded beach access.
$644,000

4825 Gulf of Mexico Dr, #503 - Click here for the website
4725 Gulf of Mexico Dr, #309 - Sand Cay

This lovely, top-floor residence at Sand Cay offers cathedral ceilings, an open 2BR layout, plenty of windows to enhance the sunny atmosphere and is just steps from the beach.
$545,000

4725 Gulf of Mexico Dr, #309 - Click here for the website

Enjoy your holiday and stay safe from Hurricane Dorian. We have listings that are available for sale that you will see reenter the market starting in the fall. We also have several new listings that are off the market now but poised to be listed in MLS soon. Please contact us at (941) 387-1840 to schedule a showing of these properties or to see the other residences in our inventory.

 

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

 

Update on new Sarasota development projects

by Roger Pettingell

Projects with updated completion dates

These communities are shaping the new skyline of downtown Sarasota

Ritz-Carlton in downtown Sarasota
The Grande - This view from the Hyatt Regency shows the Grande with the current Ritz-Carlton next door.

Downtown development is progressing well. Seemingly one story of construction is unfolding before our eyes each week at the Grande and the BLVD in downtown Sarasota. They are on Tamiami Trail in the most visible area of downtown. The landscape of the Sarasota skyline is changing.

These are the numbers. There are 21 projects under construction citywide and seven have been completed. Of the 84 total construction projects citywide that are in proposal to completion status, 23 are residential and another 20 are mixed-use properties that will support residences and commercial offices or retail stores.

According to a Q1 2019 report by the Economic Development Office, that breaks down to 1,331 residential units in development, 517 under construction and 12 completed for a total of 1,860. That is a lot of inventory for you to review if looking downtown for a great place to settle in Sarasota. The price ranges also from a penthouse suite in the new Grande, the Ritz-Carlton expansion in the development of the old Quay, to more modest residences in the Enclave at Laurel Park. Here are three prominent development sites downtown.

Ritz-Carlton in downtown Sarasota
The Grande - The view from the current Ritz-Carlton

The Grande is one of the first developments in the Quay, poised to make a statement in the world of real estate. Its connection to the Ritz-Carlton by ownership and an eventual physical elevated bridge link will provide its owners with luxury pleasures that Ritz owners come to expect. It is a mixed use development with 72 residences, restaurants and parking garage space for 159 cars, enough for two parking spots for every home owner. Select from a choice of seven floor plans, from a two-bedroom, 3,197 square-foot Plaza 301 plan to the Worthington with four bedrooms and 4,855 square feet of living space.

I have one of the penthouses pending, there is a second one active listed for $6.2 million with four bedrooms, five full baths and a spacious 4,855 square feet of living space. But there are seven other residences available from the fourth floor to the 16th floor of the 18-story building. The views are spectacular of the Sarasota Bay and the amenities are first-rate Ritz-Carlton class. That includes concierge services, a roof-top infinity pool and a state of the art fitness center. The Grande is also marketed as Block 6 of the Quay and Quay Commons. If your plans are for a late 2020 occupancy, the Grande is one of your best options in luxury ownership.

BLVD in downtown Sarasota
BLVD - This 37 residence pet-friendly community is expected to be completed early in 2020.

Across Tamiami Trail and up a couple of blocks, the BLVD Sarasota (aka Boulevard Sarasota) is rapidly approaching its 18-story finished structure. It is also a mixed-use development of residences with a Beach Bistro restaurant and space for retail shops or offices. It is expected to be completed early next year. The BLVD has some unique features not available in other developments. For the golfer, there is a simulator with over 80 courses to play. This is a pet-friendly community with its own pet salon and fifth-floor dog park. Add to that that such amenities as the roof-top infinity pool, outdoor kitchen and fire pits. Its Peloton enhanced fitness center is state of the art.

These three-bedroom residences have floor plans of B, L, V and D, which should be easy to remember. The B plan has a spacious wraparound terrace of 1,700 square feet and 3,630 square feet of living space. The largest floor plan is L, at 3,900 square feet under air. The V and D plans have 3,700 square feet and 3,550 square feet respectively with the blvD plan under construction with a wraparound terrace of 1,530 square feet. There are three active sales of the 37 residences at BLVD.

The Mark in downtown Sarasota
The Mark - This structure is nearing completion in downtown Sarasota with Main Street in the foreground

Off the water a couple blocks in the heart of downtown is The Mark with 157 residences in an 11 story community development. There are multiple floor plans associated to the Plaza, Edge and Landmark 5 residences. Near Main Street and Pineapple Avenue on State Street, this dream location is near everything great that Sarasota has to offer including its restaurants, art galleries, shopping and entertainment venues. Surrounding the lap pool are private cabanas and fire pit lounge area. The 13 penthouses are under contract. This project is nearing completion and has just one active listing in MLS at $925,000, a fifth-floor residence #516. There may be others available, call our office at (941) 387-1840 for a full list or if you have a property to sell or buy. I will be updating the New Construction page of our website this week that has a comprehensive list of projects.

There is a significant update on the Colony development of Longboat Key. In the last couple of weeks the court has decided that it will allow Unicorp Development Co. to submit plans for the dissolution of the Colony Association of Unit Owners, one of the final hurdles to proceed with developing the 17.3 acre site where the famous Colony Beach and Tennis Resort once stood. A final court decision is expected in April of 2020. Plans call for 78 luxury residences and a hotel with 166 rooms operated by St. Regis Hotel and Residences, including luxury services for its guests.

 

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

 

Rosemary District transforms itself

by Roger Pettingell

Over 1,300 new residences in the district

New construction and new attitudes promote its Sarasota resurgence

BLVD downtown Sarasota
BLVD - One of the most visible new construction is rising quickly on the edge of the Rosemary District

It’s no secret that the Rosemary District in downtown Sarasota is getting a major overhaul, Rosemary 3.0. It’s taking shape with new mid-rise residences, apartments, restaurants and services that cater to the new denizens of the area. For decades it had already all the conveniences and entertainment venues that downtown Sarasota had to offer, most within easy walking distance.

This resurgence has displaced many of the elements that resembled a Bowery section of town. Business owners and developers are reacting, or creating this new atmosphere. On Fruitville Road along N. Tamiami Trail it is most visible with the BLVD in a fast pace of construction. Although on the other side of Fruitville on the south is the new Embassy Suites finished this year.

Travel down 4th Street and the array of new construction comes into plain view. Zahrada is soon to blossom into its own luxury enclave of six modern, multiple-story residences with retail and office space near North Orange Avenue. On residence is over 3,300 Square feet of living space while residences 2-6 offer 3,542 square feet of living space. Each unit has its own 2-car garage and pool deck.

332 Cocoanut
332 Cocoanut Avenue in the Rosemary District

The Sarasota Film Festival building at 332 Cocoanut Avenue will be razed for a five-story mixed-use building to include the new home of the film festival and 36 residences. The property was owned by the film festival president and chairman, Mark Familglio. Plans call for 18 homes of 900 square feet and one bedroom each. The remaining 18 residences will be two-bedroom units with 1,200 to 1,600 square feet. Office space and the garage will occupy the first floor.

These six new residences are among the 1,300 new residences within walking distance. The newly completed Risdon on 5th has six Active listings for its 3 bedroom and 3.5 bath homes in ranges of $409,000 to $999,000. These 22 modern residences are in the heart of the Rosemary District.

The 30 townhouses in Valencia at Rosemary Place between 601 to 649 Cocoanut Avenue are sold out. Ranging in size of 1,900 to 2,500 square feet of living space, this enclave was completed in three phases in the heart of the Rosemary district.

Under construction, the Courtyard at Citrus is a mixed-use community of retail space and ten modern residences between 505 and 555 North Orange Avenue with two active listings before they are sold out. They are 2 bedroom and 2 baths around 1,000 square feet of living space.

The Rosemary District is bordered by 10th Street on the north, the Trail on the west, Fruitville Road on the south and North Orange Avenue on the east. It’s had a rich history since it was first platted in 1855 and known as Black Bottom for its first settlers, then changed to Overtown in the next century. For over 70 years it maintained its name until 1994 when it picked up its current name in honor the Rosemary Cemetery that is on the National Register of Historic Places.

Music nightly at the Blue Rooster Bar and Grill
Blue Rooster - Nightly bands in this Rosemary District bar and grill is in the heart of new construction

With all of its new development around the successful Blue Rooster. The menu of southern cooking and lively entertainment, the Blue Rooster has become the place to be. Its Happy Hour, Gospel Brunch Buffet on Sundays, this venue has some of the hottest bands in Sarasota. Other businesses are popping up in the Rosemary District that cater to a younger population. These include restaurants, fitness programs and even a Whole Foods store across the district boundary on Fruitville. The furniture stores and other retail stores sell modern products.

In the past few years many other community developments have started and completed. A list with summaries, their progress and expected completion dates are reported on the New Condominium Construction page of this website.

I listed a wonderful West of Trail home last week at 1835 Lincoln Drive near downtown Sarasota in the Avondale community. It has 4 bedrooms and 4 baths under 3,476 square feet of living space. 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
1835 Lincoln Drive $1,799,000 Video Photo Slideshow

 

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

 

Series continues with Home Showcase XXXVI

by Roger Pettingell

Home Showcase features local properties

Three waterfront residences meeting Global Luxury criteria in home series

Coldwell Banker Global Luxury properties are marketed to a broader international audience, primarily through the ColdwellBankerLuxury.com website. These properties must meet the criteria of the global luxury brand and we have several currently listed. I have selected three waterfront residences listed in the last couple of months and their communities for this Home Showcase Series.

The Phoenix residence on Gold Gate Point, a special place near downtown

The Phoenix on Golden Gate Point
The Phoenix - 136 Golden Gate Point, #401

The Phoenix community built in 2001 offers a special set of luxury waterfront properties with a great location near the entrance of the famed Golden Gate Point peninsula in downtown Sarasota. In one building there are six floors with two residences per floor and one penthouse. Owners have access to the rich amenities including a heated swimming pool with spa and fitness center. Entertain a large number of guests on the rooftop terrace or arrange a small gathering in the lounge. Each floor plan has three bedrooms with four full baths and two garage spaces. With the exception of the penthouse at 5,540 square feet of living space, the floor plans are spacious with 3,785 square feet each. The value in these homes are considerable when you realize that these properties are in the heart of downtown Sarasota, and will increase in value when the Quay takes shape with its fine dining and entertainment venues.

Enjoy breathtaking sunset views from this fourth-floor bayfront Phoenix at 136 Golden Gate Point, #401. The stylish interior, with an open concept, make this 3BR feel like a single-family home. Direct vistas of Sarasota Bay and John Ringling Bridge stretch on forever from nearly every room. Offering hardwood flooring, gas cooking and grills, stone countertops, designer cabinetry and a wraparound terrace this home is listed at $2,495,000.


A luxury ambience on the south end of Longboat Key at L’Ambiance

L'Ambiance on Longboat Key
L'Ambiance - 435 L'Ambiance Dr, #J403

Consider living in L’Ambiance, two buildings behind guarded gates in a great location on the Gulf of Mexico beach near the south end of Longboat Key with quick access to the world renown St. Armands Circle and downtown Sarasota. The 190 homeowners are privileged with some of the best amenities this community has to offer. Golfers will appreciate the Par 71, 6,748 yard Links on Longboat Golf Course outside your front lobby doors. Members of the Longboat Key Club also have access to fine dining, spas and tennis. And L’Ambiance has its own set of quality amenities concierge, on-site management, a Gulf-front heated pool with spa, two Har-Tru tennis courts, fitness center and three private guest suites.

Offered furnished and immediately ready to enjoy, Gulf-to-bay living at L’Ambiance is a sought-after experience and this 3BR, 4th-floor residence is a wonderful complement at 435 L'Ambiance Dr, #J403 listed at $2,195,000. Double doors open to beautiful hardwood flooring, 10’ ceilings and glass walls that span floor-to-ceiling, offering breathtaking morning sunrise and evening sunset vistas in multiple rooms. West and east-facing terraces provide the ideal spots to relish tranquil breezes, plus immaculate water and city views year-round.


Mid-rise residential enclave on the beach and the northern half of Longboat Key

Tiffany Plaza on Longboat Key
Tiffany Plaza - 4325 Gulf of Mexico Dr, #604

Tiffany Plaza was constructed in the 1970s with 41 residences on the Gulf of Mexico white-sand beach and beautiful azure-colored waters. It is also near the island’s Bayfront community park with an ever-expanding selection of recreational activities. Bayfront has a dog park, perfect for Tiffany Plaza residents where pets are allowed. Tiffany Plaza amenities include a meeting room, pool and sauna well placed within landscaped surroundings. There are assigned covered parking spaces and guest parking available.

Designer updates adorn every room of this direct Gulf-front penthouse residence. Expertly blending modern finishes with stylish decor, walk in and immediately fall in love with picture-perfect sunsets. The 4BR open layout at 4325 Gulf of Mexico Dr, #604 in Tiffany Plaza creates a stunning beach home, offering more than 2,900 square feet of living space. Many of the residences in Tiffany Plaza range from 1,400 to just over 1,500 square feet. Recent renovations in this home offered at $1,895,000 include impact windows/sliders, new eat-in kitchen, upgraded electrical and plumbing, hardwood flooring, remote-controlled shades and new luxury baths. Please contact me at (941) 387-1840 for an exclusive showing or if you have a property to sell or buy.

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

 

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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.