1416 Casey Key Rd in Nokomis, FL | Villa Toscana

MOTIVATED SELLER!

Villa Toscana, located at 1416 Casey Key Rd in Nokomis, FL.  Enter through a secluded circular motor court and you encounter a burnt-Sienna facade, characterized by some as “caramelized adobe”. As you enter the home through the front door’s stone surround, wrought iron gates, and heavy mesquite doors, your eye is immediately drawn through the central courtyard, past rows of stone columns, through tall mahogany doors to the pool, gardens, and out to Little Sarasota Bay. But as quickly as you are pulled outside, you are drawn back to the carved wooden canopy vault that introduces you to the courtyard’s vaulted ceiling and dramatic stone fireplace. You’ll find exquisite hand-crafted items created by artisans in San Miguel de Allende: carved book cases, stained glass insets in 8-foot mahogany doors, carved stone pedestals, and hand forged railings. Gracious entertaining will be enjoyed by your guests in this spacious home. This gulf-to-bay property on over an acre of land offers the best in waterfront living with boating from your private dock and watching sunsets from your private walkover to the secluded beach. Casey Key is an 8-mile island with fewer than 400 single family homes situated between Siesta Key and the historic walking town of Venice with boutique shopping and gourmet restaurants. Casey Key’s absence of high rise condominiums adds to the island’s charm. Enjoy casual dining with fresh seafood at the restaurants located near each bridge onto the island. The property is being offered “as is” with right to inspect.

Property Details

Listing Price: $5,490,000
Address: 1416 Casey Key Road
City: Nokomis
State: FL
MLS # A4197487
Square Feet: 6,481
Bedrooms: 4
Bathrooms: 4.5

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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Latest Market Report Shows a Continued Upward Trend


The latest data compiled from My Florida Regional Multiple Listing Service shows an increase for single family homes sales.  Compared to last year at this time, August 2017 figures showed an increase in closed sales, median home prices and inventory for Sarasota and Manatee counties.  While there have been some fluctuations month-to-month in closed sales this year, the total number through August 2017 still remain higher than the first 8 months of 2016.

Year-over-year, as the number of distress properties continues its decline, median prices continue to rise.  The median price for single family homes in Sarasota County rose 1.5% over August 2016 to $258,000 and more than 6% in Manatee County to $286,855.  

Although inventory is higher than it was at this time last year, the month’s supply of inventory has been on a slow decline since March 2017, remaining just under the threshold for a balanced market.  In Sarasota County, there was a 3.8 month supply of single family homes for sale, while Manatee dropped to a 4.1 month supply. Sarasota condos dropped to a 4.3 month supply, while Manatee is now at a 3.9 month supply.

In response to how Hurricane Irma will affect our market in the coming months, Xena Vallone, 2017 President of the Realtor® Association of Sarasota and Manatee stated that while several conditions can affect the timing of when the increased pending sales will convert into closed sales, right now there is no way to determine the true effects the hurricane will have on our market.  At present time, there have been some delays in closed sales due to financed transactions requiring either a re-inspection or the lift of the disaster designation.

Click here to read the full report from the Realtor Association of Sarasota and Manatee.

If you have been considering buying or selling a home, contact me today!

Median Home Prices Rising Due to Low Inventory and High Demand


The latest data compiled from My Florida Regional Multiple Listing Service continues to fluctuate in July 2017 for Sarasota and Manatee counties.  In Sarasota county, closed sales increased 5.8 percent over July 2016; however, Manatee county saw an 8.9 percent decrease in closed sales over the previous year.

In response to the low inventory of active properties for sale combined with the a decreasing number of foreclosed and short sales, median home prices continue to rise.  Compared to July 2016, both Sarasota and Manatee counties saw just over a 7 percent increase in the median price for a single family home.  Condo median prices tell a slightly different story with a 4.5 percent increase for Sarasota County but in stark contrast, a 10.9 percent decrease in Manatee county.

So does the increase in the median price for single family homes mean we are headed for a repeat of 2006?  Not necessarily.  Overall median prices in July still remain lower than during the recently ended season. Xena Vallone, the 2017 President of the Realtor Association of Sarasota and Manatee states that while median prices are rising, the increase is driven by supply and demand and not artificial factors that were experienced a decade ago. “The increase began in 2011 and has continued at a gradual, sustainable rate,” Vallone adds.

While inventory is reported as being low, it is important to mention that inventory levels still show an increase year-over-year but that the lowering trend has been occurring since February. Last year at July month-end, there were 6,687 properties for sale in the two-county area. By the end of February 2017, the level had increased to 8,557 and by the end of July 2017, there were 7,182 properties on the market. 

The month’s supply of inventory peaked in March with levels inching toward a balanced market. However, like inventory, this figure has been steadily decreasing since then. In Manatee County, there was a 4.2 month supply of single family homes for sale, while Sarasota dropped to a 4.1 month supply. Sarasota condos are at a 4.6 month supply and Manatee condos are at a 4.1 month supply. The market remains a seller’s market.

Click here to read the full report from the Realtor Association of Sarasota and Manatee.

If you have been considering buying or selling a home, contact me today!

1199 Westway Drive, Sarasota, FL | Westway on Lido Shores

SELLER SAYS “BRING OFFERS!”

Welcome to a spectacular gated estate with commanding views of New Pass and the Gulf of Mexico located on the highly coveted Westway Drive, where you will find some of Sarasota’s most valuable real estate. Upon entering the residence through the leaded glass double doors, the astounding view of the warm azure Gulf waters takes your breath away. You are greeted by a warm décor complimented by exquisite wood flooring, and an open floor plan inviting you to relax and enjoy family and friends. Fine details include custom wood doors throughout, beautiful custom cabinetry in the kitchen, a gulf front terrace from the master suite with a large walk in closet, and amazing spa like bath. The residence features 4 bedrooms, 5.5 baths, an office, an exercise room, two fireplaces, a wine room storing 700+ bottles, and for the car enthusiast, enough garage space for 9 vehicles. Enjoy relaxing by the heated elevated pool, putting your toes in your own little sandy beach, fishing from the dock, while taking in the dolphins, and watching spectacular sunsets. A beautiful life awaits you in Sarasota–where you can enjoy the vibrant arts community and cultural amenities of downtown Sarasota, boutique shopping and dining at St. Armand’s, and be only minutes away from Sarasota international airport.

Property Details

Listing Price: $7,145,000 (NEW PRICE)
Address: 1199 Westway Drive
City: Sarasota
State: FL
MLS # A4177457
Square Feet: 5,640
Bedrooms: 4
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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When Buying a House, What is a Must-Have for You?

Luxury Portfolio International recently conducted a survey to find out what the wealthy look for in a home.  For some it may be the waterfront views, while others are looking for a gourmet kitchen fit for the top chef in the family. However, this survey revealed that ample privacy, a Master bedroom with an en suite bathroom, and energy efficiency and environmental design are at the top of the list of “must-haves” for luxury home buyers. What are your “must-haves”?

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

A Seller’s Market Remains for Sarasota and Manatee counties

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While the number of overall closed residential sales, median home prices, and inventory are all up from this time last year, the Sarasota/Manatee area continues to be a seller’s market.  Sarasota county residential sales are only slightly up from September 2015 with a 3.3% increase in condominium sales and a 3% decrease in single family home sales. By contrast, Manatee county single family homes sales are up 13.8% from last year, while condominium sales have dropped 6.2%.

Inventory for the two counties is up nearly 20% from last year at this time even though the current levels have followed the expected trend of off-season decline.  According to the September 2016 data, Sarasota county has a 4.2-month supply of inventory for single family homes and a 5-month supply for condominiums while inventory levels for Manatee county are slightly lower; however, neither county is too far off from a balanced market indicator of a 6-month supply.

Pending sales are have also decreased an overall 11% from 2015 but as the Realtor® Association of Sarasota and Manatee reports, this was not unexpected since 2015 recorded a historically high number of residential sales. Additionally, Linda Formella, the 2016 RASM® President pointed out other factors that can slow down the rate of pending sales such as back-to-school activities, storm warnings, and the anticipation of election results.

Click here to read the full report from the Realtor Association of Sarasota and Manatee.

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

Median Sale Prices and Inventory Continue to Rise

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The Realtor® Association of Sarasota and Manatee recently released the regional sales numbers for the month of July and while the number of residential sales substantially differ from the record numbers we saw in 2015, Sarasota and Manatee counties are starting to see a more normalizing trend as median sale prices and inventory continue to climb.

Over the past year, Manatee County increased in sales from 2015, with a 0.7 percent increase in single family homes and an 11.5 percent increase in condos, but by contrast, Sarasota County sales are more than 20 percent down for both single family homes and condos.  Additionally, in 2015 pending sales remained very strong through August, but this year, we saw significant slow-down in pending sales as early as May.  In July, records showed that pending sales are 18.5 percent lower than last year for Sarasota and Manatee counties.

However, median sale prices for single family homes in Sarasota County are up 10.5 percent from 2015 to $242,500, while Manatee County experienced an 11.7 percent jump from 2015 to $279,250. Year over year, condo median sales prices rose 7.9 percent from 2015 to $205,000 in Sarasota and 21.9 percent to $185,250 in Manatee.

Inventory is steadily rising as well with single family homes in Manatee and Sarasota each showing a 19.5 percent increase from July 2015, which equates to over 4 month’s supply of inventory.

“July marks the seventh month this year where pending sales are down. This is also the sixth month where listing inventory has been higher than the same period last year. It’s reasonable to expect that the prices will adjust to the slowing demand,” says Linda Formella, 2016 President of the Realtor® Association of Sarasota and Manatee.

Click here to read the full report from the Realtor Association of Sarasota and Manatee.

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

Home Building and New Construction Jobs: Both on the Rise in Southwest Florida.

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The Sarasota Herald Tribune reported that home building is booming in Southwest Florida with permits in Sarasota-Manatee increasing 65% from last year. However, some residential builders have expressed their concerns, stating that the availability of qualified skilled labor workers is becoming less while the demand for workers continues to rise.

It’s a huge daily challenge, no question about it,” said Michael Storey, president of Neal Communities, the region’s largest locally based home builder. “And it’s not only a quantity issue, it’s a quality issue as well. Finding skilled workers makes the equation even more difficult.

See more on this story at:  Construction companies struggle to find enough skilled workers

Michael Saunders & Company Ranked #1 in Sarasota County in 2015

Michael.Drayton.HeadshotRealTrends recently released its 2015 statistics for real estate brokerages in Sarasota County and Michael Saunders & Company ranked at the top of the list.  Saunders had 3,378 residential transaction sides (representing either the seller or the buyer), with a volume of $1.566 billion. It represented the seller in 1,664 sales and the buyer in 1,714 sides.

We are so proud to share our company’s accomplishments and could not be more proud to work with our amazing team of professionals under the awesome leadership of Michael and Drayton Saunders.

Click here to read the full report from the Sarasota Herald Tribune.

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

2613 Casey Key Rd, Nokomis FL For Sale

Welcome to Heron Hill, my newest listing on Casey Key, an exquisite Gulf to Bay estate situated on 1.6 acres of prime beachfront on this exclusive 8-mile barrier island located between Siesta Key and the island of Venice, Florida.

Completely renovated in 2008, the Clifford Scholz designed remodel takes full advantage of the approximate 17-foot elevation to reveal magnificent, unobstructed Gulf and Bay views and the best of a coastal lifestyle.

At the front of the property is a private tennis court overlooking Blackburn Bay, with a walkway that leads to the front of the expansive home.  When you walk through the front door, your eyes are met with reminders of the exceptional detail that went into creating this home, from the grand lounge that is lined with French doors, giving you a sneak peek of the crisp Gulf waters that await you to the pecky cypress beams in the impressive kitchen that would delight the most discerning chef.  On the second level, discover a luxurious master retreat complete with a spa-inspired bath and another wall of French doors that open up to your own private Gulf front terrace.

The highly sought after amenities of coastal living are accomplished with finesse to complete this home, including a sweeping Gulf-front outdoor lounge with open-air swimming pool, summer kitchen and verdant rolling lawn leading to the beach.

This property is listed at $8,750,000.  Contact Deborah for a personal property viewing.