Longboat Key Condo - Just Sold in Islander Club

Posted by Marc Rasmussen on Wednesday, August 8th, 2012 at 9:38am.

Islander Club Longboat Key

 

Congratulations to our clients who purchased a fabulous beachfront condo on Longboat Key in the Islander Club complex. 

Islander Club is a condominium property located only a short three miles away from St. Armand's Circle, a world-famous shopping paradise in Sarasota, Florida.  This majestic condo complex overlooks a private and deeded 400-feet stretch of powder-fine sandy beach.  In addition to this ideal location, residents of the Islander Club enjoy a host of impeccable amenities that make life close to perfect. 

The Islander Club condo community comprises of 133 residential units spread across two high-rise structures situated directly on the gulf.  Amenities that may be enjoyed be residents include a clubhouse, heated Olympic-size swimming pool fronting the Gulf of Mexico, Har-Tru tennis courts, fitness facility, saunas, billiard room, library, and recreation room......read more about the Islander Club

Good job to Jim and Jamey Hirschman for finding their clients a great property.

2295 Gulf of Mexico Drive #63

2 Bedroom 2 Bath at Islander Club. South corner of the South Building. Fabulous Gulf views. New A/C, new Water Heater, and new Flooring. Kitchen & Baths original and ready to be updated. Community offers excellent management, security, pool, tennis,fitness center, library, and billiard room. Beautiful Grounds and Covered Parking.

This wonderful beachfront condo on Longboat Key sold for $410,000 (public record).

View more information and photos of 2295 Gulf of Mexico Drive #63

Islander Club Market Update

There have been 4 sales so far this year. The sales statistics below are from January 1, 2012 to August 8th, 2012.

 BedsFull BathsSq Ft HeatedSold PriceSP/SqFtSP/LP Ratio
High 3 3 2,470 $644,000 $380.57 99
Low 2 2 1,235 $410,000 $260.73 88
Average 2 2 1,544 $488,000 $329.96 94
Median 2 2 1,235 $449,000 $339.27 95

Just for kicks I wanted to compare sales statistics this year versus the sales of the frenzied 2005.

There were 6 sales form January 1, 2005 to August 8, 2005.

 BedsFull BathsSq Ft HeatedSold PriceSP/SqFtSP/LP Ratio
High 2 2 1,485 $999,000 $689 100
Low 2 2 1,430 $550,000 $370 92
Average 2 2 1,451 $755,650 $520.67 97
Median 2 2 1,448 $750,000 $520.5 97
Most noticeable is the average sales price of $755,650 in 2005 versus $488,000 in 2012. Today's average sales price is roughly 35% lower than 2005 prices.
 
Give us a call at 941.812.6272 if we can help you buy or sell a property in the Sarasota area.

Be the first to comment on this blog entry!


Leave a Comment

Sarasota Real Estate Blog

Check us out on your favorite social networks

Categories