In the first three weeks of the New Year, we already have contracts on five Sarasota luxury residential properties with list prices over $2,000,000. Smart buyers are in the market and deals are being made!! After a three year market correction, today’s list prices seem to be at market basement lows compared to the glory days of 2005.

Value Pricing + low interest rates + property movement & increasing horrid weather in our Northeast / Midwest feeder markets have created the ideal environment for selling Sarasota Luxury Real Estate. These factors enable buyers to stretch…….just a bit………to buy the best properties in town. Of course, in the Sarasota area, that means on the waterfront!

Five, out of the five luxury properties under contract, are on the water! A Mediterranean Bayfront home on Bird Key, two Casey Key residences and two 3000 sq. ft. + condominiums; a beauty in the Sarasota Downtown area and one on fabulous Longboat Key.

“IT’S ALL ABOUT THE WATER”

On January 31st, we are having five special, waterfront properties open for your perusal:

For more information call me at (941)376-6121 or visit my website. Come, take a look, make an offer…you never know. You just might be Sarasota’s next Smart Buyer!

Posted by:Marcia Salkin

We are having a brisk November in Sarasota….and I’m not referring to the weather…..we have 15 pending contracts ranging in list price from $1,089,000 to $2,795,000 through November 16, and the following luxury waterfront sales.

3040 GRAND BAY BLVD # 221, LONGBOAT KEY SELLS FOR $1,100,000

With spectacular views of the city, bay and golf course in the Bay Isles section of Longboat Key, this spacious 3 bedroom, 3 1/2 bath Grand Bay Antigua residence comes tastefully finished with over sized neutral tile flooring throughout. The unit was on the market for just over one year and was originally listed at $1,495,000. It sold for $1,100,000 on November 16, 2009. At $376.00 per square foot, this was a very good price for this 2,925 square foot residence.

227 ROBIN DR, SARASOTA SELLS FOR $2,450,000

Located on Bird Key, this property has one of the best views in Sarasota. The home has 4 bedrooms, 3 baths, and has been partially remodeled. With a wonderful outdoor space with pool and deep water dockage and its close proximity to downtown Sarasota, St. Armands Circle and the gulf beaches, this makes a perfect location. With 2,700+ square feet, this property was on the market for ten months with an original list price of $3,250,000. It sold on November 17, 2009 for $2,450,000.

608 Tremont St, Sarasota SELLS FOR $1,052,600

This custom built Key West style home on Siesta Key, remodeled in 2005, has expansive water views and a private dock, on some of the finest boating water on Siesta Key’s Grand Canal. This 2,800+ square foot home features soaring ceilings, hardwood flooring, and wonderful architectural details. Complete with an elevator, and two-car garage, this home was listed at $1,350,000 and sold within 17 days for $1,052,600.

560 HORNBLOWER LN, LONGBOAT KEY SELLS FOR $2,100,000

This 4000+ square foot home built in 2001 on Longboat Key has terrific bay and city views and is situated on deep sailboat water with choice southern exposure and a heated infinity edge pool with spa. There is also a new over sized dock for a boat and jet skis or a yacht. This home was listed in July 2008 with an original list price of $2,995,000, and sold on November 18, 2009 for $2,100,000.

5060 GULF OF MEXICO DR, LONGBOAT KEY SELLS FOR $4,000,000

This Addison Mizner-inspired home on north Longboat Key was recently damaged by fire. The owners were willing to sell the home either in an “as is” condition or to repair the home so that it could be purchased in an “as new” condition. Listed at only $666 per SF, this was by far the lowest priced Bay front estate on the market in Sarasota/Manatee counties, located on over 1 acre on the widest part of Sarasota Bay with magnificent Bay and sunset views. The property sold for $4,000,000 on November 19, 2009. It was first listed in September 2008 for $9,900,000 and had been reduced to $7,990,000.

4975 Gulf of Mexico Dr Dr # PH305, Longboat Key SELLS FOR $2,025,000

Positano is an exceptional condominium development on Longboat Key, built in 2007. This penthouse location features fantastic sunset views of the Gulf and has its own 3-car private garage. Luxury entertaining with gourmet DiGuilio kitchen, butler’s pantry, 10 foot ceilings, private elevators, and double entry doors. Each bedroom has its own private terrace and ensuite bath. The exclusive beach club has large pool, spa, fitness center, and owner’s lounge. The penthouse was listed in 2006 for $3,600,000 and sold for $2,025,000 on November 19, 2009.

14021 BELLAGIO WAY # 401, OSPREY SELLS FOR $1,149,000

My listing of this beautiful end Unit Penthouse, located in the building closest to the bay, at Osprey Harbor Village, near Casey Key, affords panoramic southwest to north intracoastal waterway views from the wrap-around terraces opening from the living room and all 3 bedrooms. The unit is tastefully furnished in a relaxing West Indies style décor. There are 9’ 4” ceiling heights in this penthouse unit. The 2-car assigned parking is conveniently located adjacent to the elevator entrance to the unit. This luxury waterfront condominium was listed for $1,229,000 on September 10 and was under contract in 55 days. It sold for $1,149,000 on November 20, 2009.

Judging from showing activity I hear from my colleagues as well as my own showings for my listing inventory, I am feeling very positive about these reported sales and the anticipation of more to come before year end. This increased activity and resulting sales are good signs of recovery in Sarasota and you need to be making your plane reservations and take advantage of these significantly reduced luxury waterfront properties. I look forward to assisting you soon.

Posted by:Deborah Beacham

Everyone knows that Sarasota is the “Art Capital” of Florida.

We are culturally rich in visual and performing arts, architecture and artisans. Our venues run deep and wide and each of us are enriched by some facet of the art community. Whether it’s enjoying our outdoor big band concert or the opening night at the opera…. Galleries, regional theatre, museums, ballet, circus, artists’ colonies and every variety of festival imaginable including film, juried art and jazz.

One of my favorite artistic endeavors is the Season of Sculpture along our magnificent Sarasota Bayfront. They are just placing the pieces now and we are already a buzz with excitement. Come down to Marina Jack…enjoy the walk, the art and the day. If you would like to know more about the cultural life of Sarasota or any information on Sarasota Luxury Waterfront homes, please do not hesitate to contact me or visit my website.

   

Posted by:Marcia Salkin

Life doesn’t get much better than living on the waterfront in Downtown Sarasota and the units in Lawrence Pointe are some of our best kept secrets.

Located just west of the Ritz-Carlton, the secured enclave of Lawrence Pointe consists of three mid-rise buildings directly lining the bayfront along with its gorgeous gas heated waterfront pool. With only 41 units, this low density community immediately feels like home. A quiet, elegant lifestyle in one of the best locations in all of Sarasota.

Designed by world renowned Sarasota School of Architecture architect Tim Siebert, the light-filled units feature floor-to-ceiling sliders and open balconies. Our two bedroom/two bath residence that we have listed is located on the second floor with sunrise to sunset views, 1800 sq. ft. of living area, large master with separate balcony, in-unit laundry and magnificent views out to Longboat Key.

  

Enjoy walking the Ringling Bridge in the morning and all the nightlife of Downtown Sarasota. You are only steps away to restaurants, theatres, Selby Gardens and the library.

Please click here for more information on this unit or visit our website at SarasotaBestProperties.com for information on other Sarasota luxury waterfront properties.

Posted by:Marcia Salkin

There is certainly increased activity in the $2 million waterfront market in Sarasota for the first 9 days in October. Look at the deals that buyers are getting in our marketplace. Some of these luxury waterfront homes are selling at drastically reduced prices; some were bank owned and/or short sale situations. Regardless of the circumstances, there has never been a better time to buy in Sarasota. With this week’s confirmation by real estate mogul Barbara Corcoran on the Today Show that Sarasota is the No. 1 best value in the entire country, we are preparing for a fantastic season! There is no other place in southwest Florida where you can find the quality of life, cultural offerings, boating, golfing, and beaches that we have and just waiting for you to discover. You should be here right this minute to be enjoying the Ringling Museum’s first International Arts Festival. It is co-produced with New York’s Baryshnikov Arts Center and there are more than 100 artists from around the world here for 5 days of performances in music, theatre, dance. The opening night ceremony was nothing short of spectacular from the courtyard of the John and Mable Ringling Museum with a magnificent fireworks display, elegant displays of cuisine from around the world, and the Florida State University orchestra performing Beethoven Symphony No. 5 and Beethoven’s Piano Concerto No. 4 with Pedja Muzijevic at the piano under the baton of Robert Spano, in the Mertz Theatre, was simply over the top. The student orchestra joined us for a champagne reception in the Visitor’s Pavilion afterward, and it was the perfect ending to the festival opening night.

3334 SABAL COVE LN, LONGBOAT KEY SELLS FOR $2,000,000

This waterfront home located behind the gates of Bay Isles has been upgraded with impact glass windows and doors, new alarm system and bonus/fitness room. The “Old World” style residence has 25’ beamed ceilings and handcrafted woodwork throughout. Features include: gourmet kitchen, large master bedroom with library, marble and stone flooring, 2 fireplaces, elevator to 3 car garage & over sized lanai and caged pool with spa. The home was listed in March 2007 for $2.995 million and sold on October 1, 2009 for $2 million.

2231 ORIOLE DR, SARASOTA SELLS FOR $2,025,000

This bank-owned property with over $5 million in hard costs to build, has the most amazing luxury features: Tigerwood floors, rubbed bronze 5 panel French doors, stack stone gas/wood fireplace in Grande Salon, banquet scale dining, butler’s hallway, ground level suite with kitchenette suitable for nanny/in-laws quarters, 5-stop custom interior designed elevator, 10” baseboards, Lutron lighting, a fantasy master closet, Neff cabinetry throughout. One of the prettiest back yards covered in splendid oaks and graced with a beautiful “Southern Living” style pool. This bank-owned property was listed for $2,500,000 in April 2009 and sold in 6 months for $2,025,000.

3616 FAIR OAKS PL, LONGBOAT KEY SELLS FOR $2,275,000

This 4 bedroom, 5 bath home in the gated Queens Harbour section on Longboat Key has spectacular bay views. The home was offered furnished and has stone floors, interesting ceiling treatments and crown molding. An oversized swimming pool and boat dock with lift completes the package. This property was listed at $2,550,000 in December 2008 and closed for $2.275 million on October 9, 2009.

157 PUESTA DEL SOL ST, SARASOTA SELLS FOR $2,400,000

This home near Spanish Point in Osprey was originally listed in 2005 at $4,450,000. Located in a gated area with 165 feet on Little Sarasota Bay looking toward Casey Key, the property has a deep-water dock. Featuring, five bedrooms, 5 1/2 bath, a library, game room/loft, and an office, there are marble and wood floors,3 fireplaces, state-of-the-art surround sound & security systems. The property sold for $2.4 million on October 7, 2009.

For all your real estate needs, contact me at 941.376.2688, or visit my website to get a sense of what could be your next real estate investment.

Posted by:Deborah Beacham

Yesterday morning on the Today Show, real estate guru Barbara Corcoran dubbed Sarasota as the country’s BEST VALUE to purchase real estate today. Prices are low, low, low and the city is rich in culture, beaches and warm climate activities.

As a 25+ year veteran Sarasota Realtor, I agree 100%.

Let me give you an example: Last week, a Sarasota luxury waterfront home located on Lido Shores’ New Pass, SOLD for $3,250,000 with multiple offers and above list price.

In 2004, Paulene and I SOLD this same Sarasota luxury waterfront home for $5,300,000.

That is a 38% discount on the SAME house, SAME location!

If you are or anyone you know, is in the market for a Sarasota home, the best time to act is now! Please view the attached video by clicking here, and listen to what Barbara Corcoran has to say.

Feel free to contact me at anytime 941.376.6121 or marciasalkin@michaelsaunders.com.

Posted by:Marcia Salkin

Well, I don’t know about you, but I’m definitely feeling that “fall is in the air” because we are seeing increased sales of luxury waterfront property in Sarasota from Longboat Key down to Manasota Key……both in single family residential sales and luxury condominium sales….and here’s the scoop for the final sales in September.

3618 FAIR OAKS PL, LONGBOAT KEY SELLS FOR $1,400,000

Situated in the Longboat Key Club and the beautiful neighborhood of Queens Harbour, this home has spectacular bay views and is on a quiet cul-de-sac. Included is a beautiful private gated beach club, and a private dock that accommodates a 34 ft +/- boat. The home boasts expansive floor to ceiling windows with electric shades. This is a great area to bike or walk to the Longboat Key Club, Marina, shopping and restaurants. The property was on the market for just over a year and sold for $1,400,000 on 09/30/09 with a new conventional loan. The original list price was $2,229,000.

726 N MANASOTA KEY RD, ENGLEWOOD SELLS FOR $1,200,000

Someone got a very good deal on this direct gulf front property on Manasota Key’s gated north end with 150 feet of gulf frontage on a wide sandy, private beach. The home had been partially renovated with a new roof and new windows and doors. Originally listed for $2,500,000, this property sold for $1,200,000 to a cash buyer on 09/15/2009.

8090 MANASOTA KEY RD, ENGLEWOOD SELLS FOR $1,575,000

This contemporary home on Manasota Key was completely remodeled in 1993 and offers two bedroom plus office in 2,663 square feet of living space. The views from the master suite are spectacular with unobstructive views of the gulf. The added benefit of the separate gulf front cottage completes the package. The property sold for $1,575,000 on 9/11/2009 after having been on and off the market for several years.

1345 WESTWAY DR, SARASOTA SELLS FOR $3,250,000

This custom gated estate built in 2001 is located on one of Sarasota’s most sought after areas with direct access to the Gulf of Mexico through New Pass. The outdoor space is inviting with the disappearing edge pool/spa and summer kitchen, boat dock and lift. There are magnificent water views from all living areas of the home. This home sold for $3.25 million in just 14 days, with a list price of $3.2 million.

432 SORRENTO DR, OSPREY SELLS FOR $1,350,000

This custom 2-story canal front built in 2007 has 3 bedrooms plus office, 3.5 baths, 4 car garage with custom cabinetry, dock with lift for boat and 2 jet skis, 193’ rip rapped shoreline. There is a 50’ screened in lanai with a fireplace, summer kitchen, heated pool. This was a very good value at $1.35 million; list price was $1.69 million.

620 MANGROVE POINT RD, SARASOTA SELLS FOR $2,225,000

This Prairie-Modern estate located on Siesta Key and built in 2006 has interesting architecture and design and use of materials: Brazilian cherry hardwood flooring, imported granites and marbles, Italian glass mosaics, and exotic wood tones. The skillful use of custom cabinetry produces an excellent utilization of space, functional storage, and stunning display areas. Designed for entertaining, this home features a whole house sound system, mezzanine level game room with wet bar, summer kitchen, and two guest suites with en-suite baths. It is located on a deep water canal with seawall, 16,000 pound capacity boat lift, and access to the Intracoastal Waterway just minutes away. The property was listed for $2.399 million in March and sold on 9/28/2009 for $2.225 million.

71 AVENIDA MESSINA # D, SARASOTA SELLS FOR $1,750,000

The gulf views are just fantastic from this outstanding three story townhouse, each level having stunning views of Siesta Key beach. This home is spacious and elegant, having 3 bedrooms, 4 1/2 baths, media room, 6 balconies, elevator, and marble floors. The beautiful pool and spa are heated. The home’s location is perfect, very close to the charming Siesta Village and a few feet from the luring powdery sand of Siesta’s beaches. This property was listed originally at $2.89 million in 2008 and sold on 9/25/2009 for $1.75 million.

464 GOLDEN GATE PT # 401, SARASOTA SELLS FOR $2,000,000

LaBellasara is located on picturesque Golden Gate Point with breathtaking views of the Bay, Marina Jack and downtown Sarasota. The double solid mahogany entry doors open to a foyer and a magnificent 3,300 square foot residence with 3 bedroom suites, designer kitchen and grand salon opening to over 897sf of terrace and a summer kitchen overlooking the bay. 24” travertine flooring with marble and granite finishes accentuate the grandeur of the open rooms. The master suite features separate baths, morning bar, and master terrace. Concierge service, theater, game room with billiards, conference room, fitness club, catering areas, pool & spa, private two car garage, optional boat slip. This condominium sold for $2 million, having been on the market just over a year with an original list price of $2.599 million.

I have been a little behind in getting these sales posted for you, because I am working with some foreign buyers right now and getting organized for making some offers soon. These are definitely exciting times to be investing in Sarasota real estate, and this week is going to be so exciting. We have the Ringling International Arts Festival slated for October 7-11 with more than 100 artists from around the world under the artistic direction of New York’s Baryshnikov Arts Center. There is something for everyone—including free events—from chamber music to theatre to dance to world premier performances. With more than 300,000 square feet of museum exhibitions to explore and dozens of performances to attend, it will be the highlight of the fall and a great way to open the season of all that Sarasota has to offer. Won’t you join us soon? I invite you to contact me personally at 941.376.2688 to discuss your real estate goals and to visit my website to view all properties in Sarasota. You won’t be disappointed.

Posted by:Deborah Beacham

Can you just imagine yourself sitting on the terrace of one of these condominiums and taking in these magnificent water views? We are all about water views in and around Sarasota—that’s for certain.

3060 GRAND BAY BLVD # 176, LONGBOAT KEY SELLS for $1,410,000 IN JUST 4 MONTHS

Grand Bay is part of the Longboat Key Club and located behind the gates of the Harbourside Golf Course. There are six buildings and 272 luxury units where residents enjoy their maintenance-free residences with nine foot ceilings and two to three bedrooms. This spacious 7th floor unit in Building 1 is appointed with marble and granite in kitchen and baths, designer ceiling lighting, natural stone floors, contemporary built-ins and a full house sound system. The views are just breathtaking from the 60 foot balcony where you can see bay, city and gulf views. And there is deeded beach access to the Bay Isles Beach Club. This unit was listed for $1.595 million and sold for $1.410 million in just 4 months.

1233 N GULFSTREAM AVE # 904, SARASOTA SELLS FOR $1,000,000

This downtown condominium in Marina Tower, a 15 story building with 42 luxury units and magnificent views across the Sarasota bay front to Marina Jack’s, sold for $1 million on 09/14/09. It was on the market for just over a year and was listed for $1.5 million. There are three large ensuite bedrooms and the unit features marble floors, high end cabinetry with granite counters, window treatments that operate with remote controls. The building also has concierge service.

Whether you are looking for a luxury waterfront condominium or a home on the beach or bay, you can find real value right now in Sarasota or one of her barrier islands. With just a few days remaining in September, we have another 6 properties due to close, and October already has 20 properties expected to close in the $1 million plus category. I invite you to call me at 941 376 2688 to discuss your real estate goals. For more information on Sarasota luxury waterfront homes, please visit my website.

Posted by:Deborah Beacham

This fabulous 10th floor unit at The Beach Residences, located on the incredibly desirable site of The Ritz-Carlton Members Beach Club, sold today for $2,731,737 in a cash transaction. I had the opportunity to show this property recently and just fell in love with the interior design with its European flair, Venetian columns, and antique stone mantels. The views of Sarasota’s city skyline, as well as Sarasota Bay and the Gulf of Mexico, are simply breathtaking from this luxury condominium, encompassing 3,550 square feet in 3 bedrooms and 3.5 baths. The unit was on the market for just over a year and was originally listed at $3.9 million.

We are continuing to see sales of luxury waterfront property in the Sarasota market. There are another 8 pending contracts in the past two weeks with list prices over $1 million. Buyers are getting off the fence and realizing the value in this market. What are you waiting for? I invite you to call me at 941-376-2688 to discuss your real estate goals. For more information on Sarasota luxury waterfront homes, please visit my website.

Posted By: Deborah Beacham

The first three days of September have resulted in four waterfront sales over $1 million and an additional three properties, listed at $1 million plus, received contracts during this timeframe. Here’s what’s happening in the Sarasota waterfront market:

1300 Ben Franklin Drive, Unit 701 Sells for $2.75 Million Cash

A luxury condominium located at 1300 Ben Franklin Drive, at The Beach Residences on Lido Key (managed by the Ritz Carlton), originally listed for $4,199,000 sold for $2,750,000 (which included furnishings). This unit was on the market for just over a year. It is a gorgeous southwest corner unit with over 4,000 square feet of living area, tasteful furnishings and spectacular views of the Gulf of Mexico.

The other sales this week were single family residences:

805 Casey Key Road, Casey Key FL Sells for $1.7 million

805 Casey Key is a perfect get-away on the private beach of Casey Key, where there are no high rise condominiums and no traffic lights, and where I have called home for the past 16 years. This cottage is situated on about ¾ of an acre and sits at one of the higher elevations on the key, at about 13 feet above sea level. The home had been remodeled in 2000 and has a gulf side pool and patio area. It was listed at $2.385 million and sold for $1.7 million, with a conventional mortgage, in 8 months.

236 N Washington Drive, Sarasota FL Sells for $3.25 million Cash

236 N Washington Drive is a waterfront home with 5400 square feet of living area near St. Armand’s Circle. The home boasts 5 bedrooms, mahogany staircase, 12 foot ceilings, outdoor kitchen and a dock with two lifts. The views over to downtown Sarasota and the John Ringling Bridge are just spectacular. The property sold for $3.25 million; list price was $3.995 million, and it sold in just 5 months.

1340 Tangier Way, Sarasota FL

1340 Tangier Way is a Key West style home in the San Remo neighborhood, a great location on the mainland of Sarasota, close to Southside Village with great restaurants, a gourmet grocery store, and boutiques. The home overlooks Little Sarasota Bay with really spectacular views. The home has a generator, hurricane shutters, and space for 8 plus cars in the garage. This property was well priced at $1.975 million and sold for $1.825 million in just four months.

For the three properties that received contracts this week, two are condominiums and one is a single family residence:

1000 Seagrove Lane, PHN8, Siesta Key FL

A penthouse condominium at Seagrove on Siesta Key’s Crescent beach, with 3 bedrooms, 3.5 baths offering over 3,000 square feet of elegance plus a rooftop garden with sweeping views of the Gulf of Mexico. With only 12 residences, this location affords privacy and low density. The rooftop kitchen has a bar and there is a hot tub as well. This one has it all, and is listed at $4.25 million; expected to close on 10/30/09. We will report back to you on this sale.

3040 Grand Bay Blvd Unit 285, Longboat Key FL

This 8th floor “Biscayne” floor plan in Grande Bay on Longboat Key provides beautiful bay views, the golf course, downtown Sarasota, and even the Gulf of Mexico. The property has a list price of $1.085 million and is expected to close on November 6, 2009. It was under contract in just over 7 months.

3334 Sabal Cove Lane, Longboat Key FL

Situated behind the gates of Bay Isles Harbourside, this 3BR plus den “Old World” style residence built in 1994 has a Mediterranean flair with 25 foot beamed ceilings and handcrafted woodwork throughout. It features 2 fireplaces, elevator to 3 car garage & over sized lanai and caged pool with spa. There is a bonus/fitness room on the lower level. This property was on the market for over 2 years and is expected to close on October 1st. The list price is $2.349 million.

To view properties for sale by community in Sarasota, go to my website’s home page by community. I invite you to call me at 941-376-2688 to discuss your real estate goals. Don’t wait too long to call, for your dream property could very well be sold. The number of waterfront homes for sale in Sarasota county has dropped 25% since 2005. Compared to a year ago the number of sold homes increased almost 22% and homes under contract have increased nearly 35%. The times, they are a-changing!

Posted by:Deborah Beacham

Are thinking about purchasing a Sarasota waterfront home? There are some fantastic homes for sale on the waterfront in Sarasota. Visit my Sarasota real estate site to view waterfront homes for sale in Sarasota, Siesta Key, Lido Key, Longboat Key, Casey Key and Bird Key.

Take a look at the chart below.

This is a chart of the number of water front homes for sale, under contract and sold over the last 4 years in Sarasota county. In the summer of 2005 you can see inventories increase dramatically to over 3,000 listings. Look at what has happened to inventories over the last year. The number of waterfront homes for sale has dropped 25%. Compared to a year ago the number of sold homes increased almost 22% and homes under contract have increased nearly 35%. Based on closed transactions Sarasota county has about a 12 month supply of waterfront homes for sale. Industry experts figure that a balanced market has a 6 to 7 month supply of homes for sale. It appears to me that we are entering into bottoming out period.

Beachfront Homes

This is the most expensive segment of the waterfront real estate market. Single family homes can be found on Siesta Key, Casey Key, Lido Key, Longboat Key, Manasota Key and Anna Maria Island. There are a few exceptions but you can probably expect to pay at least $2 million for a home on the beach.

Bayfront Homes

Homes on the bay offer breathtaking views of the Sarasota bay. Some of the finest views in the area are from bay front homes. Not only do you get a great view you can also park your boat behind the house. This is great for those who want to cruising the waters around Sarasota within seconds for their home.

Canalfront Homes

Homes on the canal are the most affordable water front options if you enjoy boating. Homes prices have dropped dramatically over the last 4 years. For example, in 2005 you would have had a hard time finding a canalfront home in Country Club Shores on south Longboat Key for less than $1 million. Now prices are starting around $500,000. It really is a good time to be a home buyer.

If I can help you find a home please contact me at 941.812.6272.

Posted by:Marc Rasmussen

There are three Ritz managed condominiums in Sarasota (1) Ritz-Carlton Residence, (2) Ritz-Carlton Tower Residence and (3) The Beach Residence.  The first two are located downtown Sarasota .  The initial owners also received a complimentary membership to the Ritz Club which offered: Beach Club availability, Ritz Spa/exercise and the Ritz Golf Course.

The Beach Residence on south Lido Key just down from lovely St Armands Circle is a luxury condominium complex of 88 units managed by the Ritz-Carlton.  This upscale condominium shares the beach front with the Ritz Beach Club.  As you enter the complex at 1300 Benjamin Franklin Drive you are greeted by a cordial guard requesting your purpose.  Upon entering you drive up a slight grade to a circular drive offering valet parking or you proceed to the under condominium residence parking.  The gates open and you park your vehicle.  Upon entering The Beach Residence you view a two story entry area with a Ritz welcome.  A winding stair case goes to the third level where the amenities are located.  These private and elegant amenities include:

• A private pool and spa
• An elegant library and sitting area
• Complete exercise center
• A game room with card tables and a pool table
• Two massage rooms, steam rooms and men/women’s showers
• A state-of-the-art theater

Also on the second level are several smaller condominium units ranging from one bedroom to 3 bedroom units.  These units were initially established as overflow units for Penthouse residents.  Subsequently they have been resold as private units.  Originally the smallest unit sold for $640,000 and then resold for $1,250,000 before construction had completed.  As you go down the hallways of the third level you view interesting paintings and artifacts.  The elegance of The Beach Residence surrounds you. 

The building is oblong shaped with 9 unique floor plan condominiums per floor until you reach the 12th level/Penthouse.  These floor plans range from 2,300 square feet to 4,600 square feet.  Units 401-1101 are located on the south side of the building with wrap-around views of the Gulf of Mexico and Sarasota Bay .  Units 402-1102 is just north of the 01 unit, they have direct Gulf of Mexico views.  Units 403-1103 are interesting because they cut through the oblong building offering Gulf of Mexico views as well as Sarasota Bay views.  Next are the 404-1104 units they again have only Gulf of Mexico views.  Units 405-1105 are also Gulf of Mexico facing units on the north side of the building.  Units 406-1106 are directly on the north side of the building with angle views of the Gulf of Mexico and Sarasota Bay.  They also view the Lido Surf and Sand condominium at 1212 Benjamin Franklin Drive .  Units 407-1107 is on the east side of the building with views of Sarasota Bay , Ringling Bridge and downtown Sarasota.  Units 408-1108 are also directly facing east toward downtown Sarasota .  The final group of units is 409-1109 once again they face directly east toward Downtown Sarasota. The Penthouse level is on the 12 th floor of The Beach Residence.  This level has six units.

FLOOR PLANS

Model & Unit Floor Plan Bedrooms Bathrooms Square Foot Villa Unit 01 Click here 2 2.5 1,974 Villa Unit 02 Click here 1 2.5 2,031 Villa Unit 03 Click here 1 2 1,824 Villa Unit 04 Click here 1 2 1,863 Villa Unit 05 Click here 1 2 2,033 Villa Unit 06 Click here 1 2 1,725 Estate Residence 01 Click here 3 3.5 4,194 Estate Residence 02 Click here 3 3.5 3,964 Estate Residence 03 Click here 4 3.5 4,540 Estate Residence 04 Click here 3 3.5 3,991 Estate Residence 05 Click here 2 3 3,916 Estate Residence 06 Click here 2 3 3,705 Estate Residence 07 Click here 2 2.5 3,580 Estate Residence 08 Click here 2 3 3,843 Estate Residence 09 Click here 2 3 3,844 Penthouse Residence 01 Click here 3 3.5 5,788 Penthouse Residence 02 Click here 4 3 6,013 Penthouse Residence 03 Click here 3 3.5 5,180 Penthouse Residence 04 Click here 3 3.5 4,731 Penthouse Residence 05 Click here 3 3.5 4,399 Penthouse Residence 06 Click here 3 4.5 5,252

Downtown – Ritz-Carlton Residence Condominium and Hotel

At 1111 Ritz Drive you find one of America ‘s finest hotel and condominium complexes, the Ritz-Carlton Sarasota Hotel and Ritz-Carlton Residence.  This 12 story building house both the hotel and condominium.  While next door at 35 Gulf Stream is the Ritz condominium only complex. Unit 1203 at the Downtown Ritz-Carlton Residences is an example of a beautifully charming 2,200+ square foot residence right in the hotel complex listed at less than $1.5 million.  With its separate concierge and entrance you can reach is beautiful unit with magnificent views of the bay and north shore from every room of this 12th floor unit. This unit is a Monte Carlo floor plan with water view split bedroom suites and den. It is tasteful kitchen with Subzero and Decor appliances and lovely bathrooms/powder room. This condominium is uniquely positioned in Sarasota for the enjoyment of the opera, theatres, fine dining and tropical parks. Live downtown and enjoy the Ritz amenities and lifestyle.  To view more details click here.

Posted by:John August

With the overwhelming presence of both ultra-fabulous Mediterranean Revival Masterpieces and stylistically confused/Mediterranean “inspired” recent developments, it is easy to forget Sarasota’s legacy and potential for the incubation and appreciation of a variety of architectural styles.

We sometimes forget that just 50 years ago, Sarasota was among the nation’s premier generators of modern architecture and new housing types (along with New Canaan, CT and Palm Springs, CA). While we regret that a majority of these Rudolph/Hiss/Lundy/Siebert landmarks are no longer in existence, today, we can be proud to foster contemporary architectural firms such as Halflants+Pichette and Guy Peterson.

French Chateau, Newport, Polynesian, West Indian, Key West and “indigenous” cracker houses and fishing shacks can also be seen dotting our waterfront. Isn’t it a pleasure to have this mix?

One of my favorite juxtapositions of styles is between 643 Mourning Dove Drive (designed by Cliff Scholz and sold by Salkin & Soublis in 2008) and 647 Mourning Dove Drive (a Guy Peterson OFA creation). Both homes are exquisitely designed and constructed. The massing and site organization is very similar; but stylistically, one’s elegance is rooted in traditional detailing and design, and the other in bold, but sensitive modernism. They stand as a harmonious pair, best appreciated by boat. Next time you’re cruising along the Bird Key Bayfront, be sure to admire them.

Just across the Bay, another fabulous pairing of styles are the architectural masterpieces that flank the entrance of Hanson Bayou on the north end of Siesta Key. Overlooking the bright blue waters of Big Pass and Downtown Sarasota, the Clifford Scholz’ island-inspired estate to the east (3410 Flamingo Avenue currently listed with Salkin & Soublis) and the sculptural Carl Abbott landmark to the west serve as excellent examples of the varied styles you’ll see as you quietly boat down the bayou to admire the neighborhood’s exquisite homes.

Posted by:Marcia Salkin

It has been a great past few days with multi-million dollar closings in Sarasota. I reported on June 30 that we had two $8 million+ properties pending in Sarasota. One of those has closed as of July 17. The property at 1301 Westway Drive sold for $7,423,500. This is a 6,580 square foot home built in 2006 with 5 bedrooms, 5.5 baths, situated on New Pass on Lido Shores. The list price was $8,999,000.

The second sale was 3521 Bayou Point, Longboat Key, which sold for $1,565,000 on July 20. This is an open bay peninsula lot with a 3,687 square foot home built in 1996. The original list price was $2.2m.

506 Bayshore Drive, in Osprey sold on 7/22/09 for $2,195,000, having been on the market originally for $3.2m but sold in 162 days. This is a newer home, built in 2006 and overlooking Little Sarasota Bay.

The luxury waterfront market in Sarasota is alive and well and I will be reporting on more closed transactions in the next several days. Click Luxury waterfront properties in Sarasota to see all Sarasota has to offer.

Posted by:Deborah Beacham

As an expert in listing and selling Sarasota waterfront homes, I would like to share some insights into the current state of the market. Sarasota is blessed with an array of waterfront residential lifestyles from mainland and Island canal front homes to lakefront golf course villas to Bay and Gulf front estates. Our thirst for the waterfront is endless—we are a community who thrives on the arts, the weather and the water.

According to the Sarasota MLS, we have 294 waterfront homes on the market from Longboat Key to Casey Key. These are all residential homes fronting on water that actually lead to the Gulf of Mexico with a list price over $1 million. If your dream is to live on the water, you have so many fantastic choices today. Whether you want a live in a totally re-done “Old Florida” home on sailboat water or a classic, new Bayfront estate, today we have the inventory to make the right choice for you.

Come and look around because our inventory is dwindling. Jumbo mortgages are back in business. Our prices have not been this low in years and the smart buyers are here making wise decisions. Presently, there are 25 Sarasota Florida luxury waterfront homes under contract!

Jump in…the water is fine and the timing is perfect! To learn more about which Sarasota waterfront lifestyle best suits you , please visit our website or contact us directly.

Posted by:Marcia Salkin