Marc Rasmussen's Blog: Sarasota Real Estate

I sent out a blast Sarasota foreclosure email to some web leads today and got the following response:

First I would like to let you know that I am a very serious buyer and I would never want you to think I am wasting your time.  Could you please go and take some more pictures of the home at 1682 22nd St, MLS# A3911632, inside and out?  What is the neighborhood like, can you videotape everything? 

What are the taxes going to be after I buy?  Can the bank let me assume the loan?  Does all the furniture come with the unit, I will need it furnished.  What do you think the furniture is worth?  Did the people smoke or have pets, I have allergies. 

What is the insurance and the homeowners dues.  Is there a pool?  Who will clean that?  Do you do property…

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Bird Key, Florida is a small community off the coast of Sarasota. This waterfront enclave has just over 500 single family homes. Many of them are on the water providing the boating lifestyle for the homeowners. Some of the finest real estate in Sarasota, Florida are the bayfront homes with stunning water views located on Bird Key. The waterfront homes on Meadow Lark Drive offer breathtaking views of the Sarasota city skyline and bay.

This key was developed in 1959 by Arvida Realty Sales. Most of the homes in Bird Key were constructed in the late 1950's and 1960's. However, many of these structures have been removed to make way for newer, more modern structures.

Bird Key Homes For Sale

• 37 single family homes currently for sale
• $9,990,000 -…

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The chart above shows the number of single family homes and condos for sale, under contract and sold over the last 5 years in Sarasota, Florida. The light green lines represent the number of homes and condos for sale. The red line shows the number of properties under contract and the dark green line represents the number of sold properties.

From an owner of Sarasota real estate and a Realtor selling in Sarasota it is great to see the sharp decline in inventory, the rise in pending sales and closed sales. It looks like we still need to absorb some of the inventory in the market. Based on closed transactions we currently have jut over a 10 month supply of properties for sale. Real estate "experts" profess that a 6 to 7 month supply is normal. If we get a…

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Want to live or own a weekend getaway in downtown Sarasota? Check out this studio apartment in the Renaissance condos in downtown. You can walk to all of the amenities of downtown Sarasota - Marina Jacks, Van Wezel Performing Arts Center, numerous restaurants, movie theatres, exercise facilities, tennis courts, Sarasota bay, Ringling bridge, Opera, Florida Studio Theatre and many other cultural venues within a 10-20 minute walk.

750 Tamiami Trail #412

This studio is the perfect pied a terre for occasional visits or cozy home for one . Loved by an artist for many years, owned by the original owner and updated. The unit has been worry-free. Bamboo floors and granite countertops, neutral colors and easy access from parking lot add value to this… Read Full Post

 

 

An associate in my office listed this in the Harbor Acres neighborhood recently. This is a 4 bedroom, 3.5 bathroo, 4,852 sqaure foot home on the water. It has breathtaking views of the Sarasota bay. Harbor Acress is one of the most sought after communities in Sarasota, Florida. This is not only a gorgeous waterfront home with a great neigborhood but it is also a bank owned property or a foreclosure.

1240 Hillview Dr, Sarasota

Tremendous upside potential in this gated estate on the Mainland's most desired street. Enjoy a preferred southern exposure over the long lawn, big panoramic Bay views and a deep sailboat water dock on over a 31,000 sq. ft lot priced millions under neighboring properties. A…

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Wouldn't it be nice to wake up to the sounds of Gulf of Mexico everyday? I showed this magnificent condo yesterday to some clients. This condo in the Promenade has some of the finest views I have seen in Sarasota. The pictures are nice but the views are even more breathtaking in person or out on the terrace. The condo has panoramic views of the Gulf of Mexico, downtown Sarasota, south Longboat Key, north Siesta Key as well as Lido Key. It really is breathtaking. If I lived there I would spend a lot of time on the terrace.

The asking price is $1,795,000. It is a 3 bedroom, 3.5 bathroom penthouse with 2,665 square feet. The entire condo has been renovated.

Promenade Condo on Longboat… Read Full Post

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Take a look at this five year chart of Sarasota, Florida single family homes. The light green are the number of homes for sale, dark green represents solds and the red line shows pending homes sales. See how inventories have plummeted since the beginning of 2008? Pretty remarkable how inventories were over 8,000 and now they are hovering around 4,000. A 50% decline in the inventory is pretty dramatic.

Sales activity has also been active. Some buyers are feeling better about the market by jumping off the fence and buying. Assuming the market is bottoming and we have normal appreciation imagine the home equity that will be created over the next 10 years from those homeowners who purchased at or near the bottom.

Take a look at how high the pendings are on…

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Luxurious yet relaxing. Imagine waking up in the morning to the soothing sounds of the Gulf of Mexico. If you ever wanted to live or own a second home on the beach this is a great time to start looking. There may never be a better time to buy a Sarasota beachfront home.

Siesta Key Beachfront Homes

Siesta Key is an 8 mile long barrier island with one of the prettiest beaches in the world. It recently ranked as the #2 prettiest beach in the United States by Dr. Beach. The Sanderling Club on Siesta Key is a gated community on the south end of the island. It has a gorgeous beach and is home to some magnificent beach front estates.

Longboat Key Beachfront Homes

Longboat Key is an 11 mile long barrier island off the coast of Sarasota. This is a pristine…

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