Further Real Estate Development Seen for Parrish in Manatee County Reports Sarasota Bay Real Estate

The community of Parrish in north Manatee County, Florida, appears all set to accommodate more residential and commercial developments, Sarasota Bay Real Estate Sarasota Bay Real Estate said. This after work has begun on the widening of U.S. 301 in the locality. A $21 million project, it will likewise bring in county water and sewer lines, public works facilities that much of the area has yet to be hooked up with.

Sarasota, Florida (PRWEB) March 23, 2013

The community of Parrish in north Manatee County, Florida, appears all set to accommodate more residential and commercial developments, Sarasota Bay Real Estate Sarasota Bay Real Estate said. This after work has begun on the widening of U.S. 301 in the locality. A $21 million project, it will likewise bring in county water and sewer lines, public works facilities that much of the area has yet to be hooked up with. The U.S. 301 widening will also be a boon to the marketability of many existing Bradenton and Sarasota homes for sale south of Parrish, such as those at the golf communities of Waterlefe and Stoneybrook at Heritage Harbour, SBRE noted.

But primarily, the full service real estate firm said, the road improvement will further add allure to the real estate projects which were recently announced in Parrish. One of these is the Silverleaf development of leading Southwest Florida homebuilder Neal Communities. The company has already applied for the first 320 units in this new community in a 263-acre site south of U.S. 301, north of Old Tampa Road, and west of Chin Road.

Neal Communities plans a total of 732 homes in the Silverleaf community. It purchased the property’s site for $24 million in 2006, but its development was mothballed because of the real estate downturn in the Great Recession. The recent upsurge of the home market, highlighted by an inventory estimated to be the lowest in 10 years, revived this Parrish residential development.

More from Medallion Homes

Medallion Homes is another developer which recently added to its stake in developing the locality. In November last year, the company bid and won in a foreclosure action a 94-acre Parrish property for which it paid $800,000. The property is located at the northwest corner of Fort Hamer and Golf Course roads. The company plans to develop this site as a follow-through for its 161-home Gamble Creek Estates project launched last year in a 164-acre site also in Parrish. The prices of residences in this community listed among Sarasota homes for sale start at around the $200s.

The heightened sales activity in built-up residences in the Bobcat Trail golf community of Medallion Homes in North Port down south of Parrish is one indicator as to why the developer appears to be bullish on property acquisitions in the Bradenton–Sarasota area, Sarasota Bay Real Estate said. It noted that this February, there are about ten pending sales and several new listings in this gated community. The current asking prices of Bobcat homes for sale start at around the mid-$100s and top at the low $400s, featuring two to three bedrooms in floor areas of about 1,600 square feet up to 2,800-plus square feet.

Impressive community features

This community can easily impress potential buyers with its setting characteristic of Southwest Florida’s natural splendor. Moreover, the Bobcat Trail Golf Club, which serves as the community’s centerpiece, provides many amenities. These include a newly renovated clubhouse which not only feature dining facilities but also tennis courts, a heated resort type swimming pool, and a fully equipped health and fitness center.

Transit to and from the community is likewise convenient with its proximity to Intestate 75. Via this highway, Bobcat Trail residents can conveniently partake of the many lifestyle activities northward to Sarasota and Manatee, including the Parrish locality.

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/