Sarasota Real Estate News

Linda’s List!  This week, there are three must-see properties on my list.  The first is my Open House today at 5302 Cape Leyte Drive on Siesta Key, Sarasota, Florida 34242 from 1:00 until 4:00 p.m.  $639,000. Photos are on my website www.LindaHrealtor.com.   Single family home is centrally located between Siesta public beach (rated the number one beach in the USA) and the Village, in the heart of Siesta Isles.  This 2-bedroom plus den or home office has an open floor plan and a beautiful view all the way from the front door to the back yard--a tropical dream with 22 mature palm trees on nearly one-third of an acre.   Den or home office also serves as a guest room with a sleeper sofa.   This home boasts of a garage and large, east-facing front patio to enjoy the morning sun and west-facing eat-in kitchen, den or home office overlooking a covered screened lanai with two concrete decks for beautiful, relaxing sunset views, and perfect place to entertain.  Plenty of room for a pool or addition.  Other features:  large walk-in closet in the master bedroom and many updates to include wood cabinetry in the kitchen, hurricane windows, new hurricane garage door, and a newer AC.   Very warm with welcoming plenty of storage space to keep your household items and tools organized.  VERY CLEAN and turnkey furnished – a must-see!  Deed restrictions make Siesta Isles a very appealing location to call home.   CORRECTION MY LAST BLOG:  The porch/back lanai is screened, not glass, and this single family home has hurricane windows.  MLS A4180498

1753 Dawn Street, 2BR condo, walk to Crescent beach on Siesta, beautifully updated, $210,000. Furniture optional.   MLS A4180000 Listed by Michael Saunders & Company

554 Dove Pointe, Oaks Golf and Country Club in Osprey, FL, 3,509 sq ft pool home, listed for $979,000.  4BR plus den, spacious kitchen, quality finishes, expansive outdoor living area.  MLS A4179513 Listed by Michael Saunders and Company.

Please go to my website:  www.LindaHrealtor.com and search for these properties by entering the MLS number in the home search field.

VA Loans!  Did you know…?

I can help military members and veterans find their new home, negotiate a deal, and refer them to lenders who know how to process these loans?

- 75 percent of military families say that owning a home is one of the most important things to them when they return home from service.

- Most military members and veterans do not quality for conventional loans due to the down payment requirement. 

- VA loans have lower closing costs, lower interest rates, and flexible underwriting. 

- Members serving in the Reserves or National Guard are eligible for VA loans after 6 years of duty.

- They may borrow up to $417,000 without a down payment in most parts of the country.

- They can use their VA loans multiple times and they can have multiple VA loans at the same time depending on the amount of the entitlement used in the first home. 

- There are no pre-payment penalties.

- It’s important to connect with a lender who understands the different rules and how they are applied--and to work with a realtor who knows what closing costs the veteran may and may not pay.  That’s important when negotiating the best deal with Sellers!

- The VA backed 630,000 loans in 2013, up 370 percent from 2007!!  That is simply awesome!

- The VA Centers in Sarasota are looking for volunteers so if you have a few hours a week to spare, this is a very worthwhile way to give back to our veterans.

Have an awesome week and do call me at 941-914-4914 if I can assist you with home buying or selling in Sarasota, Palmer Ranch, Siesta, or Venice, Florida.   Need a good realtor outside of this area?  I’ll connect you with the best through our Relocation Department.

Most sincerely yours,

Linda Holley, Realtor, GRI

Posted by Linda Holley on March 19th, 2017 9:14 AM
Tomorrow, I'll be doing an Open House from 1-4 p.m., on Siesta Key at 464 Island Circle, Sarasota, FL 34242.  This 2 bedroom, 2 bath home is 1,230 square feet and is listed for $699,000; an excellent monthly rental, this canal cottage has a private boat dock. It's a short walk to Siesta's public beach and Siesta Village with great restaurants and shopping.  Sarasota Beach subdivision has 519 single family homes, and according to the neighborhood statistics, most of the residents are age 65-69, with an average income of $100-$125k per year.  

The real estate market for this area is excellent, and more homes sell in the spring than the rest of the year.  Today there are 12 single family homes on the market from $639,000 to $1,750,000, and 14 have sold the past 12 months.  Average list price for the homes on the market today is $441 per square foot but the average sold price was $380 per sq ft, so that may indicate that the Sellers may not be motivated to sell.  They are in no hurry, living across the street from the beach or maybe the Sellers are not realistic in what they think their home is worth.  That happens!

Most of the homes have private pools, and half of them were built after 2000, which means that they must meet FEMA guidelines since they are in a flood zone.  The older homes (built in the 1950's/priced from $500-900K) can take 10 months or longer to sell, but the newer homes (priced from $900k to $1 million) sell in just 2-3 months in the Sarasota Beach subdivision.  A few years ago, we had mostly cash buyers, but that has changed and more than 2/3 of the homes sold the past year were financed.  

Happy to answer any questions you may have about Sarasota real estate.  Go to my website: www.PalmerRanchLindaHolley.com and search for 464 Island Circle by entering A4150739 on my home page.

Most sincerely yours,

Linda Holley
Posted by Linda Holley on October 1st, 2016 11:15 PM
OPEN HOUSE TODAY 7467 Botanica Pkwy .. October 25, from 1-4, in Botanica subdivision of Palmer Ranch, Sarasota, FL zip code 34238.  This is a gated community with just 168 carriage style homes, all maintenance free.  This Cedar model is a ground floor 2BR 2BA with a garage and lake view for only $289,000.  

Botanica is just minutes away from Siesta Key beach, Nokomis Beach, Legacy Trail for biking, wonderful restaurants, and Sarasota Square Mall.  

You'll feel at home the moment you enter the private gates of Botanica. This small resort style maintenance free community has it all lush landscaping, a 4,000 square foot clubhouse, two heated pools, fitness center and is located in convenient and beautiful Palmer Ranch. . The interior offers volume ceilings, crown molding, tile on the diagonal throughout the main living areas, large kitchen with breakfast bar, breakfast nook, separate dining room, and so much more. 

Please stop in or call me at 941-914-4914 if you have questions.  

Most sincerely yours,
Linda Holley, Realtor, GRI
Michael Saunders & Company
www.PalmerRanchLindaHolley.com
Posted by Linda Holley on October 25th, 2015 9:47 AM

Comparing real estate sales for April 2015 to the same month last year....

A total of 56 properties sold on Siesta Beach in April 2014 and in April 2015, a total of 53 sold,  so we did not realize an increase in the number of homes sold. 

Since most Buyers I meet are looking for two bedroom, two bath units, here are the statistics:  The average price increased from $349,000 to $370,000.  Looking at price per square foot, the best values were in Vista Hermosa, Anchorage, Peppertree Bay, and Turtle Bay Section 3.   Properties are staying on the market fewer days in Siesta Harbor.  None of these communities mentioned are pet-friendly, and they are not weekly rentals.

If you are looking for a property under $200,000, then consider one bedroom properties on Siesta or go farther south into Osprey, Nokomis, or Venice.

Let me know if you would like more information about real estate on Siesta Beach, Palmer Ranch, or Sarasota.

Linda Holley

Posted by Linda Holley on May 7th, 2015 4:28 PM

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