Sarasota Condos

On March 6th I wrote about listing a great beachfront Lido Key condo. You can read it here - Lido Key beach condo. Then I subsequently wrote about receiving multiple offers on the condo shortly after putting it on the market. - Lido Key condo - multiple offers.

This condo closed last week for $335,000 (public record) which was $10,000 more than our asking price. We received two offers immediately after putting it on the market. The winning offer was obviously more than asking price, cash and a quick closing.

This transaction shows the efficiency of the Sarasota real estate market. When a nice prooperty is put on the market with a realistic price tag it gets plenty of attention.

This was the property I was referring to when I was quoted in the Saturday's…

Congratulations to Allison Werner and her lovely clients for their closing in popular Burns Court Villas. This 3 bedroom, 2.5 bathroom townhouse offers 2,124 square feet and was built in 2007.

The asking price was $674,000 and the closing price is $650,000 (public record).

565 South Palm Avenue

101 Ben Franklin Drive #22, Sarasota

Are prices in Sarasota, Florida rising yet?

It depends on where you look. Here is a concrete example of where prices have risen. Take a look at the Marquee en Ville condos in downtown Sarasota.

These are the hip looking modern townhouses on Fruitville road. From this location you can walk to all of the amenities of downtown Sarasota. The difference between these and other downtown condos is that you get over 2,000 square feet and a 2 car garage whereas most other condos are in a high rise with less square footage.

In early 2010 I sold one of these townhouses for $360,000. You can see the blog post here - 235 Cocoanut Avenue. In 2010, there were 6 sales in Marquee en Ville from $325,000 to $385,000.

Take a look at what they are selling for…

Is Sarasota a cheap or expensive real estate market? I guess it depends on who you talk to. Someone coming from Manhattan might view this area as a bargain. Another buyer from Detroit, Michigan might view Sarasota as very expensive. It is all relative to what you are used to.

Sarasota vs. Vail

I am on vacation this in Vail with my family. Even though this is a vacation I am still observant when it comes to real estate. We are staying in the Lionshead area of Vail which is within walking distance to a gondola and a few chair lifts. It would be the equivalent of buying on the beach in Sarasota (Siesta Key, Longboat Key, Lido Key).

Our condo is in the Antlers condo community which is a nice 2 bedroom, 2 bathroom with roughly about 900 square feet.…

I just listed this fantastic condo in the Palm Bay Club community on Siesta Key. What a fabulous escape from the harsh northern winters. Enjoy Florida beach living in this well maintained 2 bedroom/2 bathroom condo within footsteps of one of the prettiest beaches you will ever see. One of the great features about Palm Bay Club is short term rentability. There is an on-site rental office which easily handles all of the renting for you.

Inside the Palm Bay Club community are amenities that provide endless entertaining activities to its residents and guests such as boat docks, fishing piers, yacht basin, private clubhouse, heated swimming pools, fitness center, game rooms, and tennis courts. In addition, there are picnic groves and barbecue facilities,…

Take a look at the stunning water and marina views from this 4 bedroom, 4 bathroom, 3,420 square foot condo in the 2007 built Bel Mare condominium community at Riviera Dunes.

140 Riviera Dunes Way, #1401, Palmetto, FL

1111 Ritz Carlton Drive, #1404, Sarasota, FL

How would you like to enjoy the sunset view above every evening? This view was taken from the Condo on the Bay community in downtown Sarasota, Florida. There are varying degress of water views. Obviously, the condos that sit right on the water offer the most unobstructed views. However, many of these condos are a longer walk from the heart of downtown. If you want a building with an easier walk to all of the amenities of downtown then you might be interested in the condo buildings off the water and on the interior of downtown. 1350 Main, for example, offers some fabulous water, marina and bridge views from the west side and north side of the building. The views are obstructed by some building but still considered by many to be magnificent yet it is…

A client of mine just purchased a very nice condo in the Alinari. This was a Fannia Mae foreclosure with an asking price of $261,500. The final sales price (public record) was $252,500 which was a 3.5% discount from the asking price.

800 North Tamiami Trail #1212

The unit was purchased for $539,000 in December of 2007. Fannie Mae took the property back in June of this year. This lovely condo was on the 12th floor and had wonderful views of downtown Sarasota. This 2 bedroom, 2 bathroom, 1,323 square feet condo was in immaculate shape and needed no repairs.

Interested to see what else is available in the builing? Visit Alinari Sarasota to see everything for sale.

Alinari Market Update

There have been 11 sales in Alinari since January 1,…