Marc Rasmussen's Blog: Siesta Key Real Estate

News and updates on the Siesta Key, Florida real estate market.


Siesta Key Homes For Sale

photo Marc Rasmussen

Siesta Key Homes For Sale

 

 

Off the coast of Sarasota, Florida sits the gorgeous barrier island of Siesta Key. This 8 mile long island oasis is casual yet sophisticated. People from all around the world visit Siesta Key. Some of fun things to do on the island include walking along the beach, taking a dip in the Gulf of Mexico, parasailing with your family, enjoying a meal in one of the outdoor restaurants in the Siesta Key village, boating in the waters around Sarasota or simply just reading a good book while listening to the soothing waves.

Siesta Key beach was ranked the 2nd prettiest beach in the country by Dr. Beach. The beach is made up of quartz so it feels refreshing on your feet. Some people consider it total…

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Posted: 2 weeks ago, Comments: 0, Average Rating: Views: 355

Market Update On Siesta Key Condo Horizons West

photo Marc Rasmussen

 

 

Horizons West on Siesta Key is a great condo complex on the beach. It is made up of a villas and a mid rise. The condo units in the midrise all have a view of the beach and Gulf of Mexico. When you think of owning a vacation or winter home in Sarasota, Florida you think of this view. The villas at Horizons West feel like your very own beach cottage. There are no common walls so you have some privacy from your neighbors. You also are within a short walk to the world famous, award winning Siesta Key beach. This beach was rated the 2nd prettiest beach in the United States in 2009 by Dr. Beach.

Horizons West Sales in 2009

  • 4 condos have sold in 2009
  • Sales prices - $460,000, $520,000, $690,000,…
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Posted: 2 weeks ago, Comments: 0, Average Rating: Views: 166

Sarasota Condos Update

photo Marc Rasmussen

Sarasota Condos

Condos in Sarasota, Florida are very popular. Many people looking to come and enjoy the Sarasota lifestyle don't want the maintenance of a single family home. They want to spend their free time playing golf, swimming in the pool, walking along the beach, dining with friends or perhaps shopping. They want to leave the yard, pool and property maintenance to someone else.

 

 

 

Sarasota Condo Sales Statistics

  • 2009 condo sales - 1,807 units
  • Lowest sales price - $5,000 (boat rack or condo)
  • Highest sales price - $3,330,000 - Grand Bay condo on Longboat Key
  • Average sales price - $256,232
  • Median sales price - $150,000

Just out of curiousity I ran the number for the…

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Posted: 3 weeks ago, Comments: 0, Average Rating: Views: 181

3 Most Expensive Sarasota Real Estate Listings

photo Marc Rasmussen

Below you will find the 3 most expensive Sarasota real estate listings.

3315 Bayshore Road, Sarasota, FL - $12,875,000

Bayshore Road home in Sarasota, Florida

3315 Bayshore Road, Sarasota, FL

3315 Bayshore Road, Sarasota, FL

 

 

This home is located in north Sarasota along the bay. This is a wide part of the bay so the views are spectacular. It is only about 5 minutes from downtown Sarasota. Many refer to this area as the "museum area" because it is near the John Ringling Museum. This home has 6 bedrooms, 7 bathrooms, 2 half bathrooms and 11,610 square feet. The asking price is $12,875,000.

Property Description:

A hidden gem in Sarasota, this property is one of the most sophisticated bayfront resorts in the area with 240' on Sarasota Bay and encompassing 2.5 acres of tropical grounds. Located on…

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Posted: 1 month ago, Comments: 0, Average Rating: Views: 203

Sarasota Real Estate Inventory Update

photo Marc Rasmussen

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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Posted: 2 months ago, Comments: 0, Average Rating: Views: 381

Sarasota Beach Front Homes

photo Marc Rasmussen

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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Posted: 3 months ago, Comments: 0, Average Rating: Views: 319

Beachfront Homes Active In Sarasota, Florida - Is The Smart Money Buying?

photo Marc Rasmussen

 

I've noticed something interesting lately in Sarasota, Florida. Several beach front & bay front homes have recently gone under contract. Just off the top of my head I know of 3 beach front homes on north Longboat Key, 2 on Siesta Key, and a bay front home on Lido Key (shown above) for $8,999,000 have gone under contract. There also have been several homes and lots on the beach that have closed within the last 60 days. We just had a home on Bird Key close for $4.75 million.

Is the smart money buying?

Sarasota seems to be forming a bottom. The low end of the market is selling quickly. I cannot imagine prices will drop too much more in that segment of the market. If you ever wanted to get into buying…

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Posted: 5 months ago, Comments: 0, Average Rating: Views: 477

Siesta Key Home Under Contract

photo Marc Rasmussen

 

 

My Siesta Key water front home just went under contract. The Sarasota real estate market has been active as of late. This is our busy season as a lot of "snowbirds" or northerners come down to escape the harsh winter weather and enjoy our great weather and sun. Our pending sales have hit a 3 year high.

This Siesta Key home is a 4 bedroom, 3.5 bathroom, 3.397 square foot on a canal with no bridges to bay. The list price is $1,099,000. We were priced aggressively (which is what it takes in this market). Our nearest competitor in the neighborhood was $450,000 more.

If I can help you buy or sell a Siesta Key home please call me at 941.812.6272.

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Posted: 7 months ago, Comments: 0, Average Rating: Views: 380
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Marc Rasmussen

Marc Rasmussen I am a Realtor with Michael Saunders and Company servicing buyers and sellers in Sarasota, Florida as well as Siesta Key, Lido Key, Longboat Key, Bird Key, Casey Key and Lakewood Ranch. If I can be of assistance please call me at 800-793-7340 or 941-812-6272. Read More

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