High-end Home Market Picks Up on Longboat Key Reports Sarasota Bay Real Estate

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Activity is picking up in the high-end home market segment in Longboat Key, Florida, Sarasota Bay Real Estate said, noting that the volume and median sale price of single family homes and condos sold in the barrier island off Sarasota and Manatee counties posted double-digit gains in December 2012. Ownership of 45 Longboat Key residences changed hands during the month, up 25 percent from November and 12.5 percent higher than the 40 homes sold in December 2011.

Activity is picking up in the high-end home market segment in Longboat Key, Florida, Sarasota Bay Real Estate said, noting that the volume and median sale price of single family homes and condos sold in the barrier island off Sarasota and Manatee counties posted double-digit gains in December 2012. Ownership of 45 Longboat Key residences changed hands during the month, up 25 percent from November and 12.5 percent higher than the 40 homes sold in December 2011. The average prices of the residential properties sold this December rose by 66.7 percent to $600,000 from the previous month’s level and by 37.9 percent from a year earlier.

Much of the appeal of Longboat Key homes for sale is drawn from the properties’ quiet waterfront locations in the narrow but 12-mile long barrier island split in jurisdiction between Manatee toward north and Sarasota toward south. The Longboat Key Club & Resort, the only golf course among the barrier islands off Manatee and Sarasota, provides another major draw for these residences. Besides its pricey offerings of luxury single family homes and posh condo units, Longboat Key likewise has alternatives for attractively priced residences in the mid-priced segment, many of which can be found in the northern end of the barrier island which is under the geographical jurisdiction of Manatee.

Notably, it is peculiar that some properties toward north in Longboat Key can have Sarasota mailing addresses but are actually registered in Manatee for tax, legal, and deed purposes, an advantage that attract the astute home buyers. Recent developments of additional amenities in Anna Maria Island adjacent north of Longboat Key provide another impetus to buying interest on properties at the northern section of the barrier island, Sarasota Bay Real Estate said.

Prospective buyers keen on properties at this northern section of Longboat Key can find many options in the MLS for Sarasota homes for sale, said Sarasota Bay Real Estate, which sold a unit at the Islander Club condo at the barrier island last year. The current choices can include an option at the Beach Castle condominium where a one-bedroom unit with 711 square feet of floor area is offered at $244,500.

For a wider field of choice, the Cedars East and West condominium has two-bedroom offerings in the high $100s up to the $500s, featuring floor areas of 1,440 square feet. These condos were built in the mid-1970s up to the late 1980s and are located fronting Sarasota Bay, nestled within 66 acres of luxuriant greeneries. The amenities of this neighborhood include a clubhouse, a junior Olympic pool, and ten tennis courts. Other purchase possibilities can be explored at another bayfront condo, Westchester, where base prices are in the $400s for two-bedroom units having floor plans of close to 1,400 square feet.

Alternatives for single family homes are available too at Country Club Shores near the Longboat Key Club. The asking prices in this community start from around the $500s for a 1,500-square-foot residence and rise to the $5 million level for a 7,452-square-foot home which is truly one of the high-end properties at Longboat Key.

About Sarasota Bay Real Estate

Sarasota Bay Real Estate is a full service real estate brokerage in Sarasota Florida owned by Sarasota real estate broker, Christina Miller, and marketing professional, Roy Hunter. Together they, and their team of well-experienced agents, provide the best-in-class real estate marketing services for the properties in the company’s inventory.

Sarasota Bay Real Estate Internet assets receive more than 1,000 visits from perspective home buyers a day due to the wealth of local community information published by the company. Through a direct feed from the Sarasota MLS, Sarasota Bay Real Estate publishes the most current real estate information on the Internet for the Sarasota, Florida, market.

Contact information for Sarasota Bay Real Estate and all of the current MLS listings of real estate for sale in the Sarasota-Manatee area can be found at http://sarasotabayrealestate.com/

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