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
Interested in an affordable maintenance-free waterfront home with your own boat dock on Siesta Key Beach in Sarasota Florida?  Your answer may be a condo in Midnight Cove or Midnight Cove II:

1.  Convenience.   Midnight Cove and Midnight Cove II condos offer easy access to the "mainland" of Sarasota without the traffic or going through Siesta Key Village - and there are several fabulous restaurants within walking distance!
2.  Financial.  Both have financially solvent homeowners associations with adequate reserves for updates and repairs.  They don't mind spending the money to keep their communities looking great.
3.  Deeded Beach Access.  It's just not fun dragging chairs and coolers half a mile to the beach and that's not the case with either of these communities.  In fact, Midnight Cove offers both gulf and bay properties, just a few steps away from the beautiful Florida gulf.
4.  Pet Friendly.  Even large dogs are welcome.
5,  On-site Management.   Friendly staff and full-time maintenance.
6.  Recent sales.  Four have sold the past six months in Midnight Cove and Midnight Cove II from $400-$600k.
7.  Weekly Rental Income.  Generally speaking, estimated annual rental income for condos on Siesta Key is $30,000 annually depending on beach access and the view. 
8.  Activities.   Cookouts, parties, and regular events are planned in the clubhouse,
9.  Private Boat Docks.
10.  Not Over 55.  

Four are currently on the market.  My favorite is a beautifully updated 2BR 2BA with a full bay view and a washer/dryer.  Go to my Home Page www.PalmerRanchLindaHolley.com and simply enter this MLS number in the Home Search section: A4132078    Address is 1900 Cove II Pl, #135, list price is $489,000 with a motivated Seller.  This condo was an annual rental, but the rental potential is estimated at $30,000 for weekly rentals.

I have held many open houses in Midnight Cove and Midnight Cove II and also attended homeowners association meetings, getting to know owners who have enjoyed their condos for many years.  So if it's waterfront, boat docks, rental income, or deeded beach access you are looking for, you'll want to take a look at one of these communities on Midnight Pass Road--pet friendly offering weekly rentals.  

Call Linda Holley at 941-914-4914 for more information about buying or selling your Sarasota home, beach condo, or investment property.  I can also send you information about mortgage financing for Siesta properties and recommend some good mortgage lenders who can get this done for you.

Most sincerely yours,

Linda Holley, Realtor, GRI
Michael Saunders and Company

Posted by Linda Holley on November 14th, 2016 6:54 AM

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