Archives April, 2011

Michael Saunders & Company welcomes Nancy Sarajew to the Palmer Ranch office.

Originally from New Jersey, Nancy Sarajew and her family relocated to Florida over 20 years ago, where they now reside in Prestancia on Palmer Ranch. A real estate professional since 2002, Nancy brings an extensive background as a business owner, having co-owned an operated a large auto-body facility with her husband, Greg.  

A specialist in properties located from Sarasota to Punta Gorda, Nancy has earned the RE/Max award in 2007 and multi-million dollar awards since 2004 in recognition of her exceptional service to homebuyers and sellers.

In her spare time, Nancy enjoys photography, art, decorating, theater, reading, nature and music.

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The Neighborhood Report – Longboat Key Club and Resort

Michael Saunders & Company is well-known as a consummate area specialist to owners and staff at the Longboat Key Club and Resort—a gorgeous Gulf-front community which epitomizes the laidback island paradise for which Longboat Key is so widely known. The Resort offers fine dining and wonderful amenities, which include a lovely pool and private beach for residents. Membership in the Longboat Key Club is available to owners, so they can take advantage of additional amenities including 38 tennis courts, two pristine golf courses, a marina, a spa, a fitness center and four restaurants. If a Longboat Key Club and Resort owner wishes to maximize rental opportunities, they can participate in the Ownership Rental program. (more…)

Our Markets Re-Energized

If you read this column last week you’ll recall that Shawn Tully, senior editor at Fortune Magazine/CNNMoney.com, is unambiguous in his bullishness about buying real estate in today’s undervalued market.  “Forget stocks. Don’t bet on gold,” he advises his readers. “After four years of plunging home prices, the most attractive asset class in America is housing.”

That column had no sooner been put to bed than proof came in rapid-fire succession that an amazing number of buyers in our own market share Tully’s views.   Last Thursday’s (April 21) Sarasota Herald-Tribune hit the newsstands with the headline:  Sarasota-Bradenton Home Sales Highest In 6 Years. Strong demand from investors and second-home buyers, the accompanying article said, had catapulted home sales in Sarasota and Manatee Counties to their highest levels since 2005; while simultaneously reducing inventories of available properties to their lowest levels in six years.  Moreover, buyers who were once faced with a plethora of good choices are suddenly astonished to find a growing lack of them.

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Saunders Luxury Sales Report for April 22, 2011.

Kathleen Valente of Michael Saunders & Company represented the buyer of a very unique 45+ acre Bradenton ranch. The home sold for $1,220,000 on April 11, 2011. Re/Max represented the seller.

Bob Harsch of Michael Saunders & Company represented the buyer of a beautiful paradise on Roberts Bay. The property sold for $1,050,000 on April 19, 2011. Sotheby’s represented the seller.

Jessika Arman of Michael Saunders & Company represented the buyer of a stunning former model home in Lakewood Ranch. The property sold for $1,200,000 on April 22, 2011. Re/Max represented the seller.

Unit on Siesta Key sold for $1,612,500 on April 15, 2011.

Jenna Carver and Tammy Lynn Garner, both of Michael Saunders & Company, represented the seller of a residence in one of the most admired buildings on Siesta Key. The unit sold for $1,612,500 on April 15, 2011.

Prestigious Palm Avenue unit in the Savoy sold for $1,375,000 on April 18, 2011.

Terri Derr of Michael Saunders & Company represented the seller of a prestigious Palm Avenue unit in the Savoy. The unit sold for $1,375,000 on April 18, 2011. Sotheby’s represented the buyer.

Siesta Key bayfront property sold for $4,900,000 on April 20, 2011.

Kim Ogilvie and Stacy Haas  of Michael Saunders & Company represented the seller of this prime Siesta Key bayfront property. The residence sold for $4,900,000 on April 20, 2011. Wagner Realty represented the buyer.

Penthouse residence sold for $4,000,000 on April 19, 2011.

Joan Dickinson and Beth Afflebach of Michael Saunders & Company represented both sides of a lovely penthouse residence on the top floor of The Ritz-Carlton Tower Residences. The penthouse sold for $4,000,000 on April 19, 2011.

Magnificent six-bedroom home sold for $1,300,000 on April 20, 2011.

Betty Mullinnix and Steve Abbe of Michael Saunders & Company represented the seller and Maureen Horn, also of Michael Saunders & Company, represented the buyer of a magnificent six-bedroom home. The residence sold for $1,300,000 on April 20, 2011.

 

 

Saunders Commercial Sale and Lease Report for April 15, 2011

Michael Saunders & Company is proud to announce several successful leases made possible through the professional representation of our agents, who work each day to fulfill the unique needs of commercial buyers, leasers and sellers.  For the week ending April 15, 2011:

LEASE

Seller/landlord:  MiraMar Plaza Associates, LTD.

Buyer/tenant:  Circo Operating Company, LLC

Address:  41-79 Palm Avenue, Suite #216, Sarasota, FL  34236

Type of Space:  253 SF Office Space

Term of Lease:  1 year

List Side:  MS&C Agents Linda Emery, Eric Massey & Sarah Lancaster

Sale Side:  Eric Massey

LEASE

Seller/landlord:  Chapman II, Trustee

Buyer/tenant:  Home Again Management, LLC

Address:  1877 Northgate Blvd., Suite #1, Sarasota, FL  34234

Type of Space:  1,000 SF Office Space

Term of Lease:  5 years

List and Sale Side:  MS&C Agent Tony Veldkamp

LEASE

Seller/landlord:  Kodra Professional Center

Buyer/tenant:  Edna Gordon

Address:  777 Palm Avenue, Suite #9, Sarasota, FL  34236

Type of Space:  512 SF Office Space

Term of Lease:  2 years

List Side:  MS&C Agent Susan Goldstein

LEASE

Seller/landlord:  Kodra Professional Center

Buyer/tenant:   Julian Webb

Address:  777 Palm Avenue, Suite #11, Sarasota, FL  34236

Type of Space:  500 SF Office Space

Term of Lease:  1 year

List Side:  MS&C Agent Susan Goldstein

LEASE

Seller/landlord:  Palm Aire Plaza Partnership, LTD.

Buyer/tenant:  Cazley, Inc.

Address:  5899 Whitfield Avenue, Suite #200, Sarasota, FL  34243

Type of Space:  1,300 SF Office Space

Term of Lease:  1 year

List Side:  MS&C Agents Linda Emery, Eric Massey & Sarah Lancaster

Sale Side:  Eric Massey

LEASE

Seller/landlord:  Invest Real Estate, LLC

Buyer/tenant:  JM Ulysse Realty, LLC

Address:  3683 Webber Street, Sarasota, FL  34232

Type of Space:  1,200 SF Office Space

Term of Lease:  2 years

List Side:  MS&C Agents DeLieto & Associates

LEASE

Seller/landlord: Paul & Cecilia Marchese

Buyer/tenant: Obscene Jeans

Address: 5624 Palmer Blvd., Sarasota, FL 34232

Type of Space: 1,200 SF Office Space

Term of Lease: 1 year

Sale Side: MS&C Agent Susan Goldstein

LEASE

Seller/landlord: Manny Schwartz

Buyer/tenant: BBHW Media Group

Address: 4127 Porter Lake Drive, Suite E, Sarasota, FL 34240

Type of Space: 2,000 SF Office Space

Term of Lease: 1 year

Sale Side: MS&C Agent Susan Goldstein

Sarasota, Manatee & Charlotte Counties: March 2011 – Year Over Year Sales Comparison

SARASOTA COUNTY
Except for this time last year, when buyers were taking last minute advantage of the first time home buyers tax credit, closed sales in Sarasota County have not been this high since June 2005. Conversely, the supply of available homes slipped to its lowest level since 2005.

MANATEE COUNTY
Manatee home sales were at their highest since August 2005, with the supply of available homes now at its lowest level since September 2005.

CHARLOTTE COUNTY
Charlotte home sales were the highest since June 2005, with inventories of available properties slipping back to their 2005 levels.

 

 

 

 

 

 

Saunders Luxury Sales Report for April 15, 2011

Ian Addy of Michael Saunders & Company represented the buyer of a beautiful Bay Isles estate in prestigious Queens Harbour.  This home sold for $2,000,000 on April 15, 2011.  Coldwell Banker represented the seller.

Barbara Najmy of Michael Saunders & Company represented the seller and Christine Mazur of Michael Saunders & Company represented the buyer of  a custom built Mediterranean estate located in Lakewood Ranch.   The property sold for $1,625,000 on April 15, 2011.

 

"Coastal Cottage" on Casey Key sold for $1,000,000 on April 12, 2011.

 

Deborah Beacham of Michael Saunders & Company represented the seller of this gulf front “Coastal Cottage” style home on Casey Key.  This property sold for $1,000,000 on April 12, 2011.  Re/Max represented the buyer.

 

Beautiful 6th floor corner unit on Longboat Key sold for $1,010,000 on April 11, 2011.

 

 

Saint Cacchiotti of Michael Saunders & Company represented the seller and John August of Michael Saunders & Company represented the buyer of this stunning 6th floor corner unit on Longboat Key.  The unit sold for $1,010,000 on April 11, 2011.

 

 

Boca Grande beachfront home sold for $1,305,000 on April 11, 2011.

Carol Stewart of Michael Saunders & Company represented the seller of this breathtakingly beautiful beachfront home in Boca Grande.  The property sold for $1,305,000 on April 11, 2011.  Gasparilla Properties, Inc. represented the buyer.

 

 

 

Hawk Island estate sold for $1,350,000 on April 8, 2011.

Laura Tracy of Michael Saunders & Company represented the seller and Jennifer Schwell,  also of Michael Saunders & Company, represented the buyer of this Hawk Island estate with endless water views.  The property sold for $1,350,000 on April 8, 2011.

Private retreat in historic McClellan Park sold for $1,500,000 on April 11, 2011.

 

 

 

Kim & Michael Ogilvie of Michael Saunders & Company represented the seller and Robert Lindeman of Michael Saunders & Company represented the buyer of this private retreat in McClellan Park.  The property sold for $1,500,000 on April 11, 2011.

 

Siesta Key penthouse sells for $1,725,000 on April 11, 2011.

Kris Talkie of Michael Saunders & Company represented the buyer of this penhouse residence on Siesta Key.  The property sold for $1,725,000 on April 11, 2011.  Sotheby’s represented the seller.

 

 

Northwest Bradenton estate sold for $2,395,000 on April 8, 2011.

 

Sandra Drapala of Michael Saunders & Company represented the buyer of one of the most coveted estate properties in North west Bradenton.  The estate sold for $2,395,000 on April 8, 2011.   Sotheby’s represented the seller.

Siesta Manor, FL – Neighborhood Video

Siesta Manor’s perfect location makes it ideal to enjoy all the activities that have made Siesta Key a world famous vacation spot. Full time residents have year round boating, golf, and tennis at their fingertips. And those who come for the winter are the envy of the rest of the country whenever February rolls around.

Siesta Manor’s perfect location makes it ideal to enjoy all the activities that have made Siesta Key a world famous vacation spot. Full time residents have year round boating, golf, and tennis at their fingertips. And those who come for the winter are the envy of the rest of the country whenever February rolls around.

The Winds of Opportunity

“Forget stocks.  Don’t bet on gold.  After four years of plunging home prices, the most attractive asset class in America is housing.” So began a reassessment of the real estate market by a major media outlet that appeared throughout last week’s news cycle.

Lest you suspect these words were penned by someone with a vested interest in selling new or existing homes, brace yourself for a surprise.   Instead, this was the sub-headline for an article on today’s recovering real estate market entitled “Real Estate:  It’s Time to Buy Again.”  Authored by Shawn Tully, senior editor-at-large at Fortune Magazine/CNNMoney.com, his only vested interest is giving the best advice to his audience of nine million affluent investors.

Confused?  With all the conflicting news appearing daily about the real estate market, we’d be surprised if you weren’t.  But even in market’s such as ours, with a troublesome backlog of distressed properties to sell before we can get back to basics, the winds of opportunity are blowing favorably.  Quite frankly, its becoming harder and harder to find articles about the real estate market where the negatives outweigh the positives.

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The Neighborhood Report – The Meadows

Listed and sold in The Meadows by Janice Perry. Pictured: 4580 Highland Oaks Circle.

The Meadows is ideally located just north of 17th Street and West of I-75 in beautiful Sarasota. The country club community offers a wide variety of neighborhoods with over 3,400 residences including villas, single-family homes and condominiums. Nearly 12 miles of hiking, biking and fitness trails wind through the countryside, many past the more than 80 beautiful lakes and waterways, as well as extensive preserve areas. The convenient Meadows Shopping Village provides a bank, beauty shop, travel agency, dentist, restaurants and more. (more…)

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