Sarasota Real Estate News

Remembering our fallen heroes this Memorial Day weekend.  The downtown Sarasota Memorial Day parade is Monday beginning at 10:00 a.m. 

Boating is a $40 billion industry in the U.S., and Sarasota is a heart-throb community for boaters for many reasons!  We are not just a pretty face, Sarasota has it all.

Boaters’ destination.  There are more boatowners per capita in Sarasota County than anywhere else in the USA.  The past six months, 255 homes were sold in Sarasota County on canals or the Intracoastal Waterway.  People of all ages (not just retirees) are realizing their dreams here.  However, many make the mistake of choosing their waterfront dream home without asking the right questions.   It’s been my experience that many people buy in other areas a couple of hours away from here and then decide they would rather live here.  I meet them in Open Houses all of the time. 

Not only is LIFESTYLE important, but waterfront homes have other considerations: boat lifts, sea walls, permits, water depth, bridges, elevation, flood zone, and flood insurance.  Many condominium communities have marinas, and boat owners pay by the foot to use the marina.  At Harbor Towers on Siesta Key, the boat slip fees are $1 per foot per month.  Many people who don’t find the right waterfront home store their boats in commercial marinas, and there are many to choose from. 

If you are not a boater but it’s your dream to move to Florida and join the boating community, there is help for you. 

  1. The U.S. Coast Guard.  Take classes.

  2. Freedom Boat Club.  Pay a membership fee and fixed monthly amount, make a reservation, and take a boat out any time you desire.  You’ll pay for the gasoline and return it for someone else to clean and store. 

  3. Homework.  Naturally, waterfront properties are in flood zones, and your Realtor can find out if there is an elevation certificate for the home.   This certificate is associated with the National Flood Insurance Program (NFIP) which provides information on elevation, building type, flood map location and other helpful facts for homeowners.

  4. Conforming/Non-Conforming Properties.  Does the home comply with the FEMA and local policy about building and remodeling?  Get a professional opinion, don’t depend on your Realtor for this information.  We are the source of resources, not waterfront subject-matter experts.   

  5. Other Experts.  Jerimiah, Sales Consultant, Marine Max 941-388-4411, will come out and look at the boat lift, and tell you the size boat it will accommodate.  He will probably offer more advice about navigating around the waterways in this area if you have questions.

  6. Lifestyle:  It’s not all about floating your boat!  Choose your home in Florida near the amenities you love—whether it’s golf, performing arts, or shopping…Sarasota has it all.  If you love night life and great restaurants, and a wonderful beach, you can’t beat this wonderful city.

Canal home listed by Michael Saunders & Co: 627 Waterside Way, Siesta Key.  Great boating water on the Grand Canal, and one of the most beautiful streets on Siesta.  3 bedrooms, 2 baths, $895,000.  Photos below.

Funny story:  A couple of years ago, I was driving to join Freedom Boat Club and the song to The Titanic came on the radio.  I turned my car around and went back home.  My neighbors and family had tried to convince me I could not park a boat by myself, despite the Coast Guard and Freedom Boat Club training classes.  Can’t make this stuff up, this is something ladies should probably not try alone...

Thank you for reading my blog!  Please let me know if I can assist you with your real estate needs in Sarasota, Venice, or Siesta Key. 

Most sincerely yours,

Linda Holley, Realtor, GRI, Michael Saunders & Co. 941-914-4914

 

 627 Waterside Way, Siesta Key, Florida, listed by Michael Saunders & Co.

 

Posted by Linda Holley on May 22nd, 2019 9:32 AM
A total of 533 homes sold in Sarasota and Venice, Florida--just in the past three weeks!  On Siesta Key, Excelsior gulf side #403, sold yesterday for $699K 2BR 2BA (my customers), full-price offer, full gulf view, many updates - see Photo #3 below.

Siesta real estate is a HOT market today with 22 selling the past 3 weeks and 52 currently pending.   Top selling communities: Excelsior, Gulf & Bay, Peppertree (condos) and Siesta Isles (single family).  Team Dunn has 6266 Midnight Pass #404 listed for $749k in Excelsior - what an awesome gulf view!  

VENICE is another hot area, where 147 homes sold the past 3 weeks.  I had lunch today in downtown Venice, which is one mile from the beach.  I definitely recommend Upper Crust Restaurant at 213 West Venice Ave; the Hawaiian chicken salad is excellent (photos below).

On the mainland, here are Sarasota's top selling areas:
1.  North Sarasota near the airport and UTC Mall, zip code 34243 is well above the norm.  Average price: $279k, 4 BR single family homes with pools, avg yr built: 1996; Sellers are getting 97 percent of the list price.  30 minutes+  to Siesta Beach or Lido Beach.

2.  Palmer Ranch, zip code 34238 (south Sarasota 20 min. from Siesta Key or Nokomis Beach), Average: $355k, avg yr built: 2000, Villagewalk and Cobblestone communities had the most sales.

3.  Gulf Gate, zip code 34231,  Average: $317k, avg yr built: 1970's, pool homes, 10 minutes away from Siesta Beach.

4.  Central Sarasota, zip codes 34232 and 34233, average yr built 1970's-80's, smaller condos, villas, single family homes, selling in the $200k's,   

With the Equifax security breach, consumers are at greater risk for identity theft.  
AnnualCreditReport.com provides credit information, without the credit score; all old information is there; Request information by name, date of birth, Social Security Number.  This is the new wave of credit security - you will be prompted to answer questions such as, "Did you live in Atlanta? Tampa?  Did you drive a VW?  Honda Civic?   

Consumers can pay for credit monitoring but the most drastic is credit freezing or locking...problem is that it takes time to unlock, so build that into the time to get approved for a mortgage.

Linda's List (Siesta Key).
A4189950, 6266 Midnight Pass #404 (Excelsior), 2BR 2BA, $749k (condo, gulf view); motivated Seller!
A4195985 1608 Stickney Pt #305, (Castel Del Mare) 1BR with full view of Intercoastal Waterway, $299k (condo).
A4195087, 5855 Midnight Pass, #517, (Harbor Towers) 2BR 2BA, $459k (condo).
A4173008, 1260 Dolphin Bay, #401 (Dolphin Bay) 3BR 3BA, reduced to $995k (condo, bay view).
A4194719, 5515 Contento Dr, 3BR 2BA (Siesta Isles), $1,050K (single family on canal).

Go to www.LindaHrealtor.com and enter the MLS number that begins with "A" in the home search field to see photos.

Other than a few fences that need mending, Sarasota's recovery from Hurricane Irma is nearly complete.  With sadness for those who lost so much, we realize we were very lucky.  Should you get flood insurance if you don't live in a flood zone?  YES!

In November, I'll be doing a homeowners seminar with an MSC Mortgage professional on hand to answer questions about our different loan programs.  Date and place will be announced shortly.  

Thank you for reading my blog - my readers are now 14,000 per month; I love to write, but I'm really here to help you with your real estate needs in Sarasota, Siesta Key, Venice - or anywhere!  I have an awesome network of professionals worldwide that can help you sell your home so you can be on the #1 beach in the USA - tomorrow!   

Have a great week, please don't text and drive - see photos below of downtown Venice, Upper Crust Restaurant, and the gulf view from Excelsior condominiums on Siesta Key Beach in Sarasota, Florida.  

Most sincerely yours,

Linda Holley, Realtor, GRI, Phone: 941-914-4914
LindaHolley@MichaelSaunders.com
LindaHrealtor.com


West Venice Avenue, Venice, Florida


Upper Crust Restaurant, 213 W. Venice Avenue, Venice, Florida


Excelsior Bay on Siesta Key - Sold for $699,900 by Linda Holley





Posted by Linda Holley on October 5th, 2017 12:08 AM
Good morning and enjoy your Labor Day weekend!   It's been an interesting week with Hurricane Hermine, but this afternoon, I'll be out  showing waterfront property to prospective investors.  This blog will give you helpful information about buying or selling waterfront homes.  

Hurricane Hermine was much kinder to Sarasota than northern counties on the Florida gulf.  The Herald Tribune today listed the three-day rain fall totals, the highest being the Sarasota International Airport at 10", Siesta Key and South Sarasota 7".  Coastal Manatee County (including Holmes Beach, Anna Maria Island, and Bradenton Beach) have experienced flooding since Wednesday causing school and business closures. Those areas received about 9" of water.   In Sarasota, we had flooding around Bee Ridge and Highway 41 Thursday, which is a common occurrence here with tropical storms, and I had a few tree limbs down in my neighborhood but nothing major.

Buyers and Sellers:  what do you need to know about waterfront property?  

  1. Was the existing structure built after January 1, 1975? [Note: If so, special flood plain management regulations may apply.]
  2. Is the property located in a Federal Emergency Management Agency (“FEMA”) special hazard zone (Zone A or Zone V)?
  3. What is the currently required Base Flood Elevation (“BFE”)?
Attorney David Levin with the law firm of Icard Merrill in Sarasota has lead rountable discussions with Realtors.  Mr. Levin cautions Realtors about trying to answer questions about elevation and environmental issues, and he says that not all attorneys and title companies understand these issues.   

Selling your waterfront home?  Hire a surveyor and get questions answered up front such as:  Can the Buyer add to the structure?  expand? renovate? add a boat dock or swimming pool?   Buying a waterfront home?  If the Seller does not have a current elevation certificate, you need to hire a surveyor and get this done within your due diligence period.  Know that this will cost several hundred dollars in addition to your other inspections.  

Storm surge is caused by winds plowing through causing a bulge of water on the beach and land that pushes into properties.  Storm surge eats away the land around older houses built at ground level and the structure can collapse!   In older construction, concrete was poured on the sand as footers, but this is eaten away over time, and the house will collapse.  Structures built with piles but without the property depth penetration will collapse, meaning that the piles must be driven deep enough.  

FEMA regulations are part of Sarasota's local building code, but this is optional and not required.  It would be interesting to know how many of Florida's northern counties include FEMA regulations in their building codes.

Base Flood Elevation (BFE) is FEMA's prediction of vulnerability - how high the water would be in a Category 3 hurricane, and FEMA puts this information on maps.   We are concerned about Zones A and V and properties in these zones require flood insurance if there is a mortgage.  A surveyor determines if the property is higher than the BFE; if not, there are legal ramifications that must be sorted through by an environmental attorney.  

Buyers must understand if the property they are trying to buy is "conforming or non-conforming," which means that it is or is not in accordance with FEMA guidelines.  Is it legally conforming or non-conforming?  Not for Realtors to give an opinion!   Buyers may be looking at an elevated home that appears to be above the BFE, but if the Seller has made improvements on the ground floor, (such as adding a bathroom) THAT is a problem, because it was probably done without a permit and the County may require that the property be returned to the original condition.  I actually showed a $million home on Siesta like that a few weeks after I attended Attorney David Levin's rountable discussion and I could not believe that the Listing Agent was present telling the Buyers I was working with that the property was legal and conforming and we could see it was not!  The Seller built an office and bathroom about six feet above the foundation in the garage after the original construction!  These are situations where Realtors are sued for misrepresentation.  

I understand that the FEMA maps for Sarasota County are being revised and will be released this fall.  

Visit my home page at www.PalmerRanchLindaHolley.com to search for Sarasota homes or for tips about buying and selling your home.   I'm here to answer any questions you may have about Sarasota real estate.  Again, enjoy your Labor Day weekend and please be safe!  

Most sincerely yours,

Linda
p.s. Please don't text and drive


Posted by Linda Holley on September 3rd, 2016 9:48 AM

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