Frequently asked questions about Sarasota real estate market
Posted by Marc Rasmussen on Monday, November 9th, 2009 at 6:26pm.
Check out my new page of frequently asked questions about the Sarasota real estate market. I answered the frequently asked questions. Perhaps this is a good place for you to get some of your questions answered. For example:
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I'm looking for a condo on the beach with a break even or positive cash flow.
You can find that if you pay cash for the property. If you plan on getting a mortgage you won't break even. Income on beach front condos that allow short term rentals won't exceed mortgage payment, property taxes, condo association fees, insurance and rental management fees.
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How much is a house on the beach in Sarasota?
The market changes frequently. My website is updated daily so this is a great resource to keep track of prices. Go to Sarasota beach front homes to see all of the homes for sale on the area beaches. Prices vary depending on the barrier island. You can find beach front homes on Manasota Key, Casey Key, Siesta Key, Lido Key, Longboat Key and Anna Maria Island. You can estimate a home on the beach to start around $1,500,000. There will be very few homes at that price. I just sold this Siesta Key beach front home in July of 2009 for $2,495,000.
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What is the least expensive condo for sale on Siesta Key?
Excluding fractional ownerships the least expensive condo on Siesta Key as of November 2009 is $160,000 for a 1 bedroom, 1 bathroom, 690 square foot condo in Bay Oaks. You can use my Sarasota MLS search to view properties for sale in all prices ranges.
If you have an questions feel free to contact me.
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