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Sarasota, FL

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Longboat Key Real Estate for Under a Milion Dollars at Year's End

12-03-09
Annette Smith Sarasota FL Real Estate
Annette Smith Sarasota FL Real Estate: Real Estate Agent in Sarasota, FL
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  • Office: (941) 504-3922
  • Mobile: (941) 504-3922

Tangerine Bay on Longboat Key

The Sarasota FL real estate market is still experiencing a buyer's market. There are deals out there and some buyers plan to make their purchase before the end of 2009. Many desperate owners who have caved into the pressure of this real estate market have lowered their prices considerably and dumped their properties. Some sellers have sold their homes for less than what they owe ("short sale") or been forced into foreclosure. Properties priced correctly and at good values are now good buys even though they don't seem to be what most buyers call a "deal." Once again, we remind you that you don't have to buy a short sale or a foreclosure on Longboat Key or Sarasota to get a deal!

Water Club Condo on Longboat Key

The Sarasota MLS has listings of over 155 single family homes for sale on Longboat Key. There's quite a selection of available properties for someone who wants a home or condo on Longboat Key. Below are some examples of homes and condos under $1 Million on Longboat Key.

Under $1 Million Single Family Homes:

Country Club Shores: 2 bedrooms, 2 baths -- $449,000

Bayview Estates: 3 bedrooms, 2 baths -- $485,000

Bay Isles: 2 bedrooms, 2 baths -- $499,000

Conrad Beach: 3 bedrooms, 2 baths -- $365,000

Emerald Harbor - 3 bedrooms, 2 baths -- $990,000

Under $1 Million Condos

Seaplace: 2 bedrooms, 2 baths -- $315,000

Fairway Bay: 2 bedrooms, 2 baths -- $369,000

Islander Club: 2 bedrooms, 2 baths -- $419,000

Beaches: 3 bedrooms, 3 baths -- $425,000

Sanctuary: 3 bedrooms, 2 1/2 baths -- $849,000

Grand Bay: 2 bedrooms, 2 baths -- $675,500

Homes and condo prices have come down considerably since the highs of 2005 and 2006. Prices of these properties are now close to prices of 2003 and 2004. For more information on on Sarasota FL real estate, visit our main website and search for Longboat Key real estate to find your dream house at the beach.

Check out the condos behind the gates of the Longboat Key Club such as Privateer, Sanctuary and Beaches for top amenities.

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Frequently asked questions about the Sarasota real estate market

11-29-09
Marc Rasmussen - Sarasota Real Estate
Marc Rasmussen - Sarasota Real Estate: Real Estate Agent in Sarasota, FL
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  • Mobile: (941) 812-6272

Siesta Key beach

If you have an active website you probably get asked the same or similar questions over and over again. Below are a few of the more frequently asked questions about the Sarasota real estate market.

1) Can I buy a condo on the beach, rent it out and break even or get a positive cash flow?

Yes and No. If you pay cash for the property that is definitely possible. If you get a large mortgage absolutely not. If you get a mortgage for 20-30% it is possible. Some of the units on Siesta Key that generate quite a bit of revenue will not pay for themselves unless you pay cash for the property.

2) I hear Florida is a bloodbath. I should be able to get 20-30% off of these list prices, right?

No. On average, single family homes are selling for 94% of list price and condos are selling for 92% of list price. You want only look at those properties that are priced in "the market" and not over the market. Hiring a good Realtor is a great start.

3) I am looking for a 2 bedroom/2 bathroom condo on the beach with fabulous water views for under $400,000.

You won't find that on Siesta Key, Lido Key, Longboat Key or Anna Maria Island. Those generally start in the $600,000's with a few exceptions here and there.

4) How's the real estate market in Sarasota?

Actually, not too bad. Prices are obviously down. However, unit sales are up and inventory is declining. We expect to have a pretty busy 2010 winter season. When you go through the inventory and weed out the garbage there aren't tons of great properties for sale at realistic prices.

5) Will you list my property with a discounted commission?

No.

If I can help you buy or sell a house in Sarasota, Florida give me a call at 941.812.6272.

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Bird Key Real Estate Market Update

11-24-09
Marc Rasmussen - Sarasota Real Estate
Marc Rasmussen - Sarasota Real Estate: Real Estate Agent in Sarasota, FL
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  • Mobile: (941) 812-6272

Bird Key homes for sale

Located just off the coast of Sarasota, Florida with just over 500 single family homes and no condos is the highly sought after community Bird Key. This is a fabulous to live if you enjoy boating, convenience, breathtaking water views and a laid back lifestyle. Boaters especially love this location as the water depth is adequate for sail boats and yachts. Visit all homes for sale on Bird Key to find your next home.

Bird Key Market Update

  • There have been 30 sales on Bird Key since January 1, 2009
  • Highest sales price - $4,750,000
  • Lowest sales price - $380,000
  • Average sales price - $883,260
  • Median sales price - $606,250
  • Average days on market - 173 days

Bird Key Homes For Sale

  • 34 homes for sale
  • Least expensive waterfront home - $1,295,000
  • Least expensive home - $539,900
  • Most expensive home - $9,490,000
  • Average home price - $2,812,641
  • Median home price - $1,837,500

Give me a call at 941.812.6272 if I can help you buy or a sell a home or Bird Key or any other houses in Sarasota.

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1350 Main Street Condos in Sarasota, Florida - Market Update

11-23-09
Marc Rasmussen - Sarasota Real Estate
Marc Rasmussen - Sarasota Real Estate: Real Estate Agent in Sarasota, FL
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  • Mobile: (941) 812-6272

1350 Main condos sarasota

Looking for a downtown Sarasota condo? 1350 Main condos are located right on Main street and within footsteps of several great restaurants. Like Mexican food? Go have a nice meal across the street at Two Senoritas. Feel like a more European experience? Epicure is right across the street.

1350 Main was finished in 2007. There are 138 units available in this convenient. new condo with plenty of amenities. The units higher up do have great water and city views. Amenities in the building include heated swimming pool, exercise facilities, clubhouse, theatre, valet parking, spa and sundeck.

1350 Main Condos Market Update

  • Currently there are 16 units for sale in 1350 Main
  • Prices range from $360,000 - $999,000
  • Average price range - $537,550
  • Median price range - $512,500

1350 Main Condos Sold in 2009

  • 6 condos sold since 1/1/2009
  • Lowest sales price - $330,000
  • Highest sales price - $1,225,000
  • Average sales price - $694,833
  • Median sales price - $654,400
  • Average days on market - 147 days

Call us at 941.812.6272 if you want to buy or sell a downtown Sarasota condo. Visit Sarasota houses for sale to view thousands of houses for sale in Sarasota, Florida.

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Gulf Gate in Sarasota, Florida

11-23-09
Marc Rasmussen - Sarasota Real Estate
Marc Rasmussen - Sarasota Real Estate: Real Estate Agent in Sarasota, FL
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  • Mobile: (941) 812-6272

Gulf Gate Sarasota

Looking for something more affordable and within a bike ride to the beach? You should take a look at the popular Gulf Gate community in Sarasota, Florida. The homes were built in the 1950's and 1960's. The neighborhood has kept their deed restrictions and it has a strong sense of community. There really aren't any newer homes to speak of. However, you can find a great home that has been remodeled. It would be a long walk to the beach however you could ride a bike. I used to live in the neighborhood and my wife and I would ride our bikes to the beach frequently.

Below is a map showing the proximity to Siesta Key beach. See Gulf Gate Estates on the main land and where Stickney Point crosses over to Siesta Key. It is very fast to access the beach. So if you have a budget of under $200,000 yet you still want to be able to get to the beach quickly you should put the Gulf Gate community on your list.


View Larger Map

Give me a call at 941.812.6272 if I can help you buy or sell a house in Sarasota, Florida.

 

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