2015 Sarasota & Manatee Residential Sales Already Outpacing 2014

rasm_logoThe Realtor® Association of Sarasota and Manatee just released February’s closed and pending sales and it appears that Sarasota and Manatee county real estate is already outpacing the record number of sales for this same time period in 2014.

In short, Sarasota’s 837 total closed residential sales are up 12.3% from 2014 and Manatee’s 593 total closed residential sales are up 6.1%, and pending sales for both counties are ahead of last year’s figures and show no sign of a slow down in sales.

Additionally, the median sales price remains strong and substantially above last year’s figures. In Sarasota County, the median price for single family homes was at $196,000, which is 6% higher than last February; and for condos, the median price was at $187,500, up 10.3% from last year.  Manatee County single family homes rose to a median sale price of $256,750, up 16.7% over last February’s figure of $220,000, while condos were at $152,000, which is a 12.6% increase.

Closed Sales for Sarasota & Manatee Counties

Closed Sales for Sarasota & Manatee Counties – February 2015

Association President Stafford Starcher states, “Properties in the two counties are selling at a high pace and prices are on the rise, which tells us we are experiencing a healthy, vibrant market.  The inventory totals have leveled off, which means we could see even higher prices going forward, based on the laws of supply and demand.”  He further adds, that this is a great time to put your property on the market with a Realtor® and “test the water.”

Click here to read the full report.

If you are interested in buying or selling property, please contact me for further details.

1216 Casey Key Road, Nokomis FL Just Listed

061044

It is my pleasure to share with you my newest listing on Casey Key, “Paradise Point,” located at 1216 Casey Key Road. The setting of this bayside home is so picture perfect, you will feel as though it was taken right out of a coastal living magazine and the overall design was certainly made for carefree living and easy entertaining.

This home is light, bright, and spacious and a recent remodel included an expansion of the living area to incorporate an outdoor living/dining room, which, if you choose, can be enclosed with the electronic roll-down screening. If the mood calls for poolside entertaining, gather near the heated pool where there is ample seating and a fully equipped outdoor kitchen to keep your guests happy. When you are looking for a little quiet time, let the circular staircase lead you to the widow’s watch where you can sit, relax and take in the beauty of the bay and gulf views. The boating and/or fishing enthusiast will enjoy the covered boat dock and lift; and when you are ready to put your toes in the sand, there is deeded beach access to one of the widest beaches on Casey Key.  All that is left to complete this picture is for you to make Casey Key and “Paradise Point” your next home.  This property is listed at $2,525,000.

If you are interested in buying or selling property, please contact me for further details.

2014 Sales – Another Year for the Record Books

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The Realtor® Association of Sarasota and Manatee counties just released the sales numbers for all of 2014 and what an incredible year of real estate for both counties!!

Manatee county missed beating the 2013 annual record for sales by only 28 transactions and Sarasota county finished out the year with a total of 11,550 transactions, breaking the all-time record of 11,482 sales, which was set back in 2004.

“Sarasota and Manatee counties have never seen this level of combined sales activity, which actually surpassed the 2004-2005 boom years of a decade ago,” stated Association president, Stafford Starcher.  He went on to add that the steady rise of home prices doesn’t seem to be hampering sales and therefore, believes we can expect to see home sales continue to soar in 2015.

Click here to read the full report.

If you are interested in buying or selling property, please contact me for further details.

How Luxury Real Estate Faired in 2014

Happy New Year!  I hope this finds you doing well and that your 2015 is off to a very good start.  Last year continued a very exciting trend for our region’s real estate industry, as homes continued to sell at a near-record pace for the second year in a row.

The luxury market for Sarasota and Manatee counties maintained a very steady pace with the number of sales slightly exceeding those of 2013.  While the majority of the 361 luxury sales in both counties were below the $2 million price point, the 36 luxury sales of single family homes priced at $3 million or higher showed a shift in where buyers purchased.  In 2013, the buyers’ hotspot was Longboat Key; but in 2014, Siesta Key led the pack with 15 sales (as well as the 3 highest sales in Sarasota and Manatee counties) and Casey Key finished strong with 6 sales above $3 million.     I am pleased to report that Michael Saunders & Company continues to be the proven leader in the $3 million+ luxury real estate market.  Below are the $3 million+ sales by location in 2014.  Out of the 36 single family home sales, Michael Saunders & Company agents represented 22 of the transactions on the listing side and 17 on the selling side.

ADDRESS
AREA
SOLD DATE
LIST
PRICE
SOLD
PRICE
HEATED
SF
LAND
SF
WATER FRONTAGE
 232 SEAGULL LN
BIRD KEY
4/11/2014
 $     6,950,000
 $     6,100,000
           7,873
         21,103
BAY
 647 MOURNING DOVE DR
BIRD KEY
6/16/2014
 $     4,500,000
 $     4,000,000
           5,286
         15,000
BAY
 447 MEADOW LARK DR
BIRD KEY
1/29/2014
 $     3,750,000
 $     3,400,000
           4,778
         15,000
BAY
 712 N CASEY KEY RD
CASEY KEY
9/25/2014
 $   10,000,000
 $     8,000,000
         13,553
         90,306
GULF-TO-BAY
 2505 CASEY KEY RD
CASEY KEY
10/23/2014
 $     7,400,000
 $     6,500,000
         12,908
         47,933
GULF-TO-BAY
 2016 CASEY KEY RD
CASEY KEY
8/29/2014
 $     6,900,000
 $     6,200,000
           7,781
         58,787
GULF-TO-BAY
 540 N CASEY KEY RD
CASEY KEY
8/29/2014
 $     4,050,000
 $     3,650,000
           4,494
         36,160
GULF-TO-BAY
 1700 CASEY KEY RD
CASEY KEY
6/30/2014
 $     3,300,000
 $     3,000,000
           4,172
         18,113
NONE
 805 CASEY KEY  RD
CASEY KEY
9/17/2014
 $     2,895,000
 $     3,025,000
           2,255
         22,680
GULF
 7422 PERIWINKLE DR
CORAL COVE
4/18/2014
 $     3,995,000
 $     3,480,000
           7,564
         17,813
BAY
 7406 PERIWINKLE DR
CORAL COVE
6/25/2014
 $     3,149,900
 $     3,200,000
           7,429
         16,914
BAY
 1540 HILLVIEW DR
HARBOR ACRES
7/29/2014
 $     5,250,000
 $     4,500,000
           7,074
         23,410
BAY
 1435 HILLVIEW DR
HARBOR ACRES
2/13/2014
 $     3,959,000
 $     3,650,000
           4,876
         36,466
NONE
 1436 JOHN RINGLING PKWY
LIDO
12/12/2014
 $     6,399,000
 $     5,725,000
           7,930
         17,237
BAY
 165 WHITTIER DR
LIDO BEACH
6/30/2014
 $     3,799,999
 $     3,496,000
           1,743
         33,750
GULF
 267 BENJAMIN FRANKLIN DR
LIDO BEACH
9/19/2014
 $     3,495,000
 $     3,000,000
           3,157
           6,728
GULF
 2735 GULF OF MEXICO DR
LONGBOAT KEY
11/5/2014
 $     5,995,000
 $     5,750,000
           7,550
         16,761
GULF
 640 ROUNTREE  DR
LONGBOAT KEY
9/26/2014
 $     3,500,000
 $     3,450,000
           5,121
         22,684
BAY
 6225 GULF OF MEXICO DR
LONGBOAT KEY
3/12/2014
 $     3,795,000
 $     3,250,000
           4,781
         36,000
GULF
 6133 MANASOTA KEY RD
MANASOTA KEY
9/19/2014
 $     3,495,000
 $     3,100,000
           6,621
         83,150
BAY
 1447 TANGIER  WAY
SAN REMO
12/16/2014
 $     4,595,000
 $     4,200,000
           5,040
         18,392
BAY
 7712 SANDERLING  RD
SIESTA KEY
10/20/2014
 $   11,850,000
 $  11,850,000
           4,715
         53,754
GULF
 8250 SANDERLING RD
SIESTA KEY
7/25/2014
 $   11,500,000
 $     8,850,000
           7,652
         66,969
GULF
 4300 HIGEL AVE
SIESTA KEY
5/29/2014
 $   10,975,000
 $  10,250,000
           8,623
         69,028
GULF
 6629 PEACOCK RD
SIESTA KEY
10/2/2014
 $     7,950,000
 $     6,344,633
         10,207
         43,747
BAY
 3466 GULFMEAD DR
SIESTA KEY
2/27/2014
 $     7,900,000
 $     7,070,000
           7,132
         26,659
GULF-TO-BAY
 636 BEACH RD
SIESTA KEY
10/22/2014
 $     4,950,000
 $     4,950,000
           4,163
         83,700
GULF
 156 GIVENS ST
SIESTA KEY
3/31/2014
 $     4,750,000
 $     4,250,000
           4,946
         11,951
GULF
 648 BEACH  RD
SIESTA KEY
12/31/2014
 $     4,481,400
 $     4,481,400
           4,746
           9,550
GULF
 684 FREELING DR
SIESTA KEY
5/29/2014
 $     4,395,000
 $     3,750,000
           9,398
         64,963
BAY
 778 SIESTA DR
SIESTA KEY
9/12/2014
 $     3,950,000
 $     3,600,000
           6,395
         20,870
BAY
 5309 HIDDEN HARBOR RD
SIESTA KEY
4/11/2014
 $     3,599,999
 $     3,350,000
           6,827
         18,339
BAY
 220 TENACITY LN
SIESTA KEY
9/30/2014
 $     3,500,000
 $     3,250,000
           3,467
         11,079
GULF
 7816 SANDERLING RD
SIESTA KEY
8/22/2014
 $     3,450,000
 $     3,050,000
           2,800
         34,926
GULF
 7102 POINT OF ROCKS CIR
SIESTA KEY
12/1/2014
 $     3,200,000
 $     3,200,000
           5,582
         15,000
NONE
 7101 POINT OF ROCKS CIR
SIESTA KEY
4/11/2014
 $     3,195,000
 $     3,000,000
           2,764
         22,529
GULF

What I find interesting is that the majority of these sales took place during the months that used to be known as the off-season (from mid-May through the end of October).

Casa al Mare – 2016 Casey Key Rd.  Sold on August 2014 Deborah represented the Seller

Casa al Mare – 2016 Casey Key Rd.
Sold in August 2014
Deborah represented the Seller

Villa de Napoli – 2505 Casey Key Rd.  Sold on October 2014 Deborah represented the Buyer & Seller

Villa de Napoli – 2505 Casey Key Rd.
Sold in October 2014
Deborah represented the Buyer & Seller


And finally, 2015 is already off to a good start with 135 homes available for sale that are listed at $3 million plus throughout Sarasota and Manatee counties; two of which are “active with contract” and 5 other homes that are pending.    With all the new construction underway from “west of trail” to downtown, to Lido Key to Longboat Key, Sarasota is certainly trending toward “modern” architecture in both condominiums and single family homes. The amount of building activity is a strong indicator of our area being on the radar of those who seek the lifestyle we enjoy. I see this trend continuing in 2015 and beyond.

Interested in selling your property, or perhaps buying another, contact Deborah Beacham for a complimentary comparative market analysis.

I will continue to keep you posted on sales activity in our beautiful area.  In the meantime, stay warm during our “Florida winter” and I wish you all a 2015 full of good health, happiness, peace, and prosperity.

Casa Amore on Casey Key


SOLD!

“Casa Amore” is a rare opportunity to own direct beachfront property on the unique island of Casey Key–in an area with historically wide beach–with two meticulously maintained structures: the main residence has 3 bedrooms; a recently remodeled kitchen; with spacious rooms to entertain graciously. Forever views both to the north and south from the second level master suite with its generous walk in closet and storage galore in the custom-built cabinets, a large sitting area, and covered balcony. The added bonus of a separate guest residence, with its own balcony and views of the Gulf, will accommodate 6 to 8 guests. Both of these are picture perfect and show like model homes. This family compound has been enjoyed by four generations where many family memories have been created. You could be creating your own soon! Casey Key is an 8 mile barrier island located between Siesta Key and the historic walking town of Venice. There are fewer than 400 single family residences and the key is located in close proximity to both Venice and Sarasota airports.

Property Details

Listing Price: $2,795,000
Address: 709 Casey Key Road
City: Nokomis
State: FL
MLS # A4109260
Square Feet: 5,062
Bedrooms: 5
Bathrooms: 5.5

Additional Photos

Property Map

 

For more information about this property, contact me at 941.376.2688, email me or use the short form below.

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Luxury Real Estate on Casey Key Surged in the Last 3 Months

casey key header

Here we are already in mid-November, ready to dive in head-first into the holiday season as many of our Casey Key neighbors are making their way back to our beautiful island paradise. This year has certainly been one of the busiest I can recall in recent years, with closings and pending sales surging in our area, even in the “off-season.” Just from August to October, the total sales volume for Casey Key exceeded that of the total sales volume from the first 7 months of 2014. The total sales through November 11, 2014 on Casey Key are 27 sales (including one private land transaction) with a sales volume exceeding $67 million, compared to 21 sales with a total sales volume just over $35 million for 2013.

Here is what has been happening on the key:

We have had a total 21 sales of single family residences and 5 vacant land sales. The homes that have sold are:

2014 CASEY KEY SINGLE FAMILY HOME SALES

ADDRESS

SOLD DATE

LIST PRICE

SOLD PRICE

LAND SF

HEATED SF

WATER FRONTAGE

1900 CASEY KEY RD

2/18/2014

$3,495,000

$2,940,000

135,036

3,502

GULF TO BAY

88 N CASEY KEY RD

2/18/2014

$1,695,000

$1,475,000

36,651

3,424

BAY

3920 CASEY KEY RD

3/13/2014

$1,450,000

$1,400,000

13,725

2,932

BAY

740 N CASEY KEY RD

4/15/2014

$2,749,000

$2,275,000

21,889

3,812

GULF TO BAY

508 S CASEY KEY RD

4/25/2014

$2,300,000

$2,043,000

33,443

2,342

GULF

621 CASEY KEY RD

5/16/2014

$2,295,000

$2,050,000

32,807

1,140

GULF

1166 CASEY KEY RD

6/2/2014

$1,790,000

$1,520,000

19,589

3,759

Non-Water

510 N CASEY KEY RD

6/30/2014

$2,250,000

$2,100,000

46,838

1,987

BAY

1700 CASEY KEY RD

6/30/2014

$3,300,000

$3,000,000

18,113

4,172

BAY

325 CASEY KEY RD

7/18/2014

$1,199,999

$1,199,999

13,636

892

GULF

507 S CASEY KEY RD

7/21/2014

$997,000

$ 967,500

16,759

1,456

BAY

430 CASEY KEY RD

8/27/2014

$2,950,000

$2,425,000

27,073

4,383

BAY

540 N CASEY KEY RD

8/29/2014

$4,050,000

$3,650,000

36,160

4,494

GULF TO BAY

2016 CASEY KEY RD

8/29/2014

$6,900,000

$6,200,000

58,787

7,781

GULF TO BAY

418 N CASEY KEY RD

9/10/2014

$1,950,000

$1,705,000

17,855

2,334

GULF TO BAY

321 CASEY KEY RD

9/12/2014

$1,299,000

$1,175,000

11,301

1,070

GULF

1156 CASEY KEY RD

9/16/2014

$1,100,000

$1,020,000

21,034

1,717

BAY

805 CASEY KEY RD

9/17/2014

$2,895,000

$3,025,000

22,680

2,255

GULF

412 S CASEY KEY RD

9/24/2014

$1,199,990

$ 750,000

16,271

3,983

GULF

712 N CASEY KEY RD

9/25/2014

$10,000,000

$8,000,000

90,306

13,553

GULF TO BAY

2505 CASEY KEY RD

10/23/2014

$7,400,000

$6,500,000

47,933

12,908

GULF TO BAY

 

2014 CASEY KEY VACANT LAND SALES

ADDRESS

SOLD DATE

LIST PRICE

SOLD PRICE

LAND SF

WATER FRONTAGE

4019 CASEY KEY RD

1/29/2014

$2,950,000

$2,500,000

44,429

GULF

3002 CASEY KEY RD

7/24/2014

$ 950,000

$ 950,000

19,210

3807 CASEY KEY RD

7/31/2014

$1,499,000

$1,395,000

18,300

GULF

0 GULF WINDS WAY

8/22/2014

$ 399,900

$ 375,000

46,389

2555 CASEY KEY RD

8/25/2014

$3,990,000

$3,550,000

117,892

GULF TO BAY

 

2014 CASEY SINGLE FAMILY HOMES PENDING

ADDRESS

LIST PRICE

LAND SF

HEATED SF

WATER FRONTAGE

418 CASEY KEY RD

$ 749,900

16,621

1,195

BAY

920 CASEY COVE DR

$ 870,000

8,664

2,705

BAY

710 CASEY KEY RD

$1,785,000

20,546

2,534

BAY

 

Notice that the 6 sales above the $3 million price point occurred between August and October. I am optimistic that this trend will continue into 2015.

Casa al Mare – 2016 Casey Key Rd.
Sold on August 29, 2014

2016

Deborah represented the Seller

Villa de Napoli – 2505 Casey Key Rd.
Sold on October 23, 2014

2505

Deborah represented the Buyer & Seller

And finally, as of this date, there are 61 waterfront homes available for sale that are listed at $5 million plus throughout Sarasota and Manatee counties; two of which are “active with contract;” one of these is located on the Gulf on Longboat Key (listed at $7.5m); the other is on John Ringling Parkway (listed at $6.399m). There have been ten sales this year above $5 million: one on Bird Key, one on Longboat Key, three on Casey Key, and five on Siesta Key, with the highest at $11.85 million for the property at 7712 Sanderling Road.

Have a wonderful Thanksgiving, and I will report again soon!

If you are interested in buying or selling property, please contact me for further details.

Just Listed: A “Paradise Found” at 1716 Casey Key Rd, Nokomis FL

"Paradise Found" on Casey Key

It is my pleasure to share with you my newest listing on Casey Key.  “Paradise Found,” located at 1716 Casey Key Road, is a delightful Gulf-to-Bay property that greets you with charm as soon as you enter through the gates and once inside, a dazzling view of Blackburn Bay welcomes you home.   This home is light, bright, and spacious while radiating a sincere warmth and sense of contentment.  The privacy of this residence encompasses approximately 140 feet of gulf frontage, approximately 130 feet of bay frontage, and a private setting on one of the best stretches of beach on Casey Key.  Enjoy swimming in the salt-system pool; boating and fishing; beachcombing and watching amazing sunsets on your tropical island paradise.

By far, the best value for a Gulf-to-Bay property on Casey Key, this home offers the unique opportunity to readily enjoy “as-is” or to build new.  With only 3 contiguous homes in a span of over 500 feet of gulf-to-bay frontage and no homes built on the gulf side in this long stretch of the key, you will have forever views from a newly built home; but either way you will join the many others who have called this 8-mile barrier island a “Paradise Found.”  This property is listed at $3,490,000.

Just Sold: Villa de Napoli on Casey Key

Villa de Napoli on Casey Key, Florida

Villa de Napoli on Casey Key, Florida

I’m pleased to report the sale of my listing, Villa de Napoli, on Casey Key which closed last week. This remarkable gulf-to-bay property with 100 feet of pristine Gulf of Mexico shoreline sold for $6.5 million and represents the seventh sale over $3 million on Casey Key this year; six of which have occurred only since August.

The buyers had been searching for a waterfront home and found the cultural amenities of Sarasota along with the tranquility of Casey Key to be the perfect blend that they were looking for.

Walton and I are happy to have them as neighbors and we look forward to sharing what we love about our paradise.

If you are interested in buying or selling property, please contact me for further details.

“Paradise Found” at 1716 Casey Key Road


SOLD

Best value for Gulf to Bay property on Casey Key. “Paradise Found” is the spirit of this charming home and unique offering to enjoy “as is” or to build new. Enter through the custom electric gates onto the circular driveway with covered portico and enjoy the privacy of a property encompassing approximately 140 feet of gulf frontage, a private setting on some of the best beach on the key; approximately 130 feet of bay frontage with a concrete seawall, no mangroves, a new dock in 2012 including a 10,000 lb. lift with nearly 6‘at low tide and even a dolphin that frequently visits and “dines” against the seawall where the fishing enthusiast will find plenty of snook, redfish and trout. The recent installation of new sod, along with the U/V filtered koi pond provides a delightful addition to the garden near the home’s entrance. The natural light filled spacious layout opens to a screened and covered lanai that extends the entertaining area overlooking the pool and Blackburn Bay. Enjoy swimming in the salt-system pool; boating and fishing; beachcombing and watching amazing sunsets on this tropical island paradise. With only 3 contiguous homes in a span of over 500 feet of gulf-to-bay frontage, no homes built on the gulf side for 300 – 400 yards, you will have forever views from a newly built home. Casey Key has close proximity to Venice and Sarasota airports, The Oaks Country Club, historic downtown Venice, and the cultural amenities of downtown Sarasota. Isn’t it time you join others who call this island “paradise found”?

Property Details

Listing Price: $3,490,000
Address: 1716 Casey Key Road
City: Nokomis
State: FL
MLS # A4106616
Square Feet: 2,370
Bedrooms: 3
Bathrooms: 2

Additional Photos

Property Map

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For more information about this property, contact me at 941.376.2688, email me or use the short form below.

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Significant Gulf-to-Bay Sale on Manasota Key

Spectacular view poolside at 779 N. Manasota Key Rd.

Spectacular view poolside at 779 N. Manasota Key Rd.

I am pleased to announce the sale of 779 N. Manasota Key Rd, which closed just last week and sold for $2.5 million. Referred to me by Casey Key neighbors, David & Jane searched up and down Manasota and Casey Keys for 5 months, looking for just the right home. This beautiful gulf-to-bay property on the north end of Manasota Key spoke to Jane’s soul and ended up being the perfect choice for them.

It was a great pleasure working with such a professional couple who are so much fun to be with as well. Walton and I look forward to continued good times with them and our mutual Casey Key friends.

If you are interested in buying or selling property, please contact me for further details.