Sarasota Real Estate News

Below shows home sales statistics over the past year for resale and new construction on Siesta Beach (zip code 34242) , in Gulf Gate (34231) , and Palmer Ranch (34238), average sold prices:

July 2015 July 2016
Resale
Siesta Key Beach $497k $543k
Gulf Gate $260k $255k
Palmer Ranch $336k $346k

New Construction
Palmer Ranch $530k $552k

Most of the Siesta Beach condos were built in the 1960-1970's, and the newest are:
Gulf and Bay Club Bayside  built in 1988
Our House at the Beach  1981
Siesta Dunes   1979
Midnight Cove 1979

When you searching for beach condos on Midnight Pass, keep in mind that the street addresses ending in an even number are on the gulf.  

Buyers are still finding 2BR 2BA Siesta investment properties with rental income of $30,000 minimum at a price under $500k.  You need to know that the percentage of units that are owner-occupied vs. rentals can affect financing if you are planning to get a mortgage.  I can refer you to a lender who knows the "ins and outs" of financing beach properties.

In Palmer Ranch, my favorite Botanica community has maintenance-free condos from the high $200's.  Maintenance-free in Botanica means that everything outside is included in the maintenance fees, even the roofs!

Have an awesome week and don't hesitate to call me at 941-914-4914 if I can answer any Sarasota real estate questions for you.

Most sincerely yours,

Linda Holley
Realtor, GRI
Michael Saunders & Company