Sarasota, FL (PRWEB) May 23, 2005
The steady increase in prices in Sarasota hasnÂt slowed home sales because ÂEverybody wants to live in Florida,Â said RE/MAX Properties real estate agent, Annette Smith. She notes that finding Sarasota homes under $200,000 is just about impossible. Sellers are getting 98 percent of their list price, or in some cases over their list price.
According to many realtors in Sarasota, buyers are coming from Naples and the East Coast of Florida because they perceive Sarasota as less pricey with better amenities. Sarasota has a shortage of available housing bringing the Sarasota real estate market into line with other waterfront communities. Sarasota real estate prices substantiate that the city is becoming a high-end luxury real estate market; and rightly so, as Sarasota is rich in beauty and culture -- Sarasota has it all.
Residing in one of the elite Sarasota neighborhoods, shopping, and working districts grant owners special access to many of the city's exciting amenities. An outstanding array of stores, galleries, restaurants, cafes, coffee shops, nightclubs and pubs are in most areas, including world-class shops of famous St. Armands Circle. Famous personalities can be seen browsing, shopping and dining on St. Armands, a high-end shopping venue.
Of course, SarasotaÂs climate, warm enough to grow gorgeous orchids and tropical mangos, additionally tempts wealthy investors and celebrities who flock to Sarasota to buy condos as it revitalizes downtown and continues to build luxury waterfront property with views showcasing Sarasota Bay and the Gulf of Mexico. SarasotaÂs diminishing asset (waterfront property) is in hotter demand than ever, as retirees and baby boomers are picking out properties before retirement. This is creating a low real estate inventory and pushing prices up.
Buyers, looking for luxury waterfront property, have several new choices available in Sarasota Condos:
The Tower Residences at the Ritz-Carlton, offer downtown luxury, views of Sarasota Bay and the Gulf of Mexico, along with the world-class services of the Ritz-Carlton. Also downtown, scheduled to open in the summer of 2005, is One Hundred Central where you can live, work and play all within a few blocks.
Whole Foods Market, the word's largest retailer of natural and organic foods is the anchor tenant of One Hundred Central along with a complete retail complex. Units on the market currently are priced from the upper $700,000s.
New Sarasota condos or converted condos are on the move with trendy new projects changing SarasotaÂs skyline. From manicured Longboat Key, around St. Armands Circle, to Lido Key and through friendly downtown Sarasota reaching the glistening white sand of Siesta Key beach, construction crews are putting on the finishing touches for a new Sarasota.
The Orange Blossom Tower, originally a bank, was built in 1926. Conveniently located to shopping, restaurants, galleries, theaters and the Sarasota Bayfront, the converted tower is located on the corner of Main Street and Palm Avenue. In addition to the normal amenities expected in a luxury condo, the Orange Blossom offers bay and city views in the middle of Sarasota's cultural district. 2005 Prices average about $1,490,000.
A Private enclave of 13 stunning Mediterranean style residences at the tip of Golden Gate Point, Grande Riviera has sweeping views of Sarasota Bay and the Gulf of Mexico. Offering top of the line amenities and boat docks, these condos will be completed in 2005 with prices from $1,775,000.
Hudson Crossing is adjacent to Selby Gardens and offers boat slips. The complex overlooks Hudson Bayou and is convenient to nightclubs, restaurants, and the Sarasota Bayfront. Prices in 2005 average $1,350,000.
Savoy on Palm
Savoy is a sophisticated highrise with only 24 residences. Discriminating buyers are offered concierge services, roof-top garden with wet bar, heated lap pool, social dining, media center, catering room, library with fireplace, cabana, hot tub, massage room, locker room, sauna and outdoor kitchen with their purchase of a luxury residence. Downtown Sarasota is convenient to the complex, and prices are from $1,525,000.
Ritz Carlton Tower Residences
In the heart of downtown Sarasota, the Ritz Carlton has brought Sarasota to the top in luxury amenities. There are only 80 magnificent residences in the two towers. 2005 prices range from about $1,650,000 to $5,115,000!
Beau Ciel is the height of elegance and sophistication for the residents, who will enjoy panoramic views of Sarasota Bay and the Gulf of Mexico. Prices in 2005 are from $1,299,000 to $10 million for the ultimate in luxurious living.
Orchid Beach Club
Orchid Beach Club is located on Lido Key. In addition to the fabulous amenities, Orchid Beach Club offers outstanding views. Fully appointed units are convenient to nightclubs & restaurants and the world famous St. Armands Circle. Prices are listed in 2005 from $1,950,000.
Also on Lido Key is Azure which is adjacent to South Lido Park. Azure features fabulous amenities, views, large terraces, close proximity to St. Armands Circle and the cultural venues of Sarasota. These condos are priced from the mid $1,000,000s in the spring of 2005.
Crescent Siesta Key
One of Siesta Key's newest luxury condos boasts high-end living directly on Crescent Beach. With approximately 2100 sq. ft., the units are priced from the low $3,000,000s.
Sea Grove (beachfront) offers immediate occupancy of courtyard homes and condominiums with 3,071-4610 sq. ft. Sea Grove is the ultimate in Siesta Key real estate and priced from $3,225,000.
Phillippi Landings (mainland) provides luxury units with exceptional recreational amenities: private boat club, dog park, cookout center, pool-spa, waterfront boardwalk and a fitness center. Prices in 2005 are from $600s to $2 million.
An outstanding top floor Sarasota Penthouse with stunning views of Sarasota Bay and the Gulf of Mexico, this Bayfront property is on a peninsula across from the Ritz-Carlton. The 4200 sq.ft. residence is exquisitely appointed with a private roof top deck and pull-up dock, ultimate kitchen, lavish master suite, two additional suites, office/library, gym, home theater and oversize two car garage. Resales are offered at $2,370,000.
Also substantiating SarasotaÂs increase in home prices, the National Association of Realtors issued a report May 12 showing that Sarasota-BradentonÂs two real estate markets were tops in price appreciation when first-quarter home sales were compared with the same time period in 2004.
Sarasota ranked second to Bradenton with a 36 percent increase of a median price single family house increasing to $326,300.
For information on these properties or other Sarasota real estate investments, please contact:
Annette Ashley Smith
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