Archives May, 2011

The Neighborhood Report – Cape Haze

A 30-mile, largely natural peninsula overlooking the Gulf of Mexico on the relaxed southwest Florida coast, Cape Haze sits approximately 45 miles south of cosmopolitan Sarasota. Surrounded by Palm Island, Little Gasparilla, Don Pedro, Cayo Costa and Pine Island, the area offers a relaxed Gulf Coast lifestyle with tropical Caribbean features for those wishing to get away from it all.

The weather for this region is typically dry and crisp from November through April, as Cape Haze is coddled by a pleasant Caribbean Sea climate. May through October tend to get much hotter with more rainfall. With several golf clubs in the area, the weather makes it pleasant year round to indulge in your favorite sport, whether it be golfing or fishing in secret and unmapped inlets, creeks, and waterways. (more…)

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Michael Saunders & Company is pleased to welcome Danny Marr to the St. Armands Circle office.

Danny began his real estate career in 1977 after graduation from Indiana University with a BS in public affairs/urban studies, and where he was a four-year varsity football letterman under head coach Lee Corso. Danny’s first position after college was with the F.C. Tucker Company in Indianapolis, Indiana, where he quickly became one of the company’s top multi-million dollar producers in residential sales.

In 1984, Danny joined Phillip R. Duke & Associates—now Duke Realty Corporation—where he directed downtown Indianapolis office leasing, and was named “Salesman of the Year” for the company in 1986. In 1990, Danny formed his own company, Olympia Partners, Ltd., which grew to become the third largest commercial brokerage firm in Indianapolis. During this time, along with recruiting new partners and associates for the company, Danny represented multiple clients in office leasing and investment real estate sales. In addition, Danny co-founded a separate real estate development company, which eventually produced 49 projects from the ground up in seven states, with aggregate development value of over $200 million. Danny was named to Indianapolis Business Journal’s “Forty under 40” list in 1994 and “Who’s Who in Commercial Real Estate” in 1996. In 2001, Danny co-founded Veritas Realty, LLC, a retail shopping center leasing and property management firm, which grew its management portfolio to over 40 properties and 3.5 million square feet.

In 2011, Danny made the decision to return to the early roots of his real estate career: residential sales. He specializes in waterfront and other luxury property sales on Longboat, Lido, St. Armands, Bird, Siesta and Casey keys.

Great Expectations

Some are sure it has.  Others that it hasn’t.  On one thing, however, the experts are in total accord.  While at the very least it is close at hand, we will never know for sure that our real estate market has truly bottomed until several months after it already has.

Well-informed buyers, in the meantime, are in no mood to wait while the experts split hairs and historically low interest rates are given the chance to rise.   Moreover, the economy is improving, jobs are more secure, unemployment is declining, manufacturing is up; and pent-up housing demand has been on the back burner for way too long.  Most significantly, buyer expectation of tremendous value in today’s prices has been met to such a degree by enough sellers that ours is frequently recommended to both buyers and investors alike as one of the nation’s most value-laden markets.

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CHRISTIE’S NEW YORK IMPRESSIONIST AND MODERN ART EVENING SALE SETS RECORDS, REALIZES $155,995,500/£93,597,300/€ 104,516,985

Claude Monet (1840-1926) Les Peupliers oil on canvas 45¾ x 28½ in. (116.2 x 72.2 cm.) Painted in 1891 Price Realized: $22,482,500

WORKS BY MONET, VLAMINCK AND PICASSO LEAD THE SALE


New York, 4 May 2011 — Christie’s Impressionist & Modern Art Evening Sale achieved $155,995,500 (£93,597,300/€104,516,985), demonstrating the continuing appeal of this category among collectors worldwide. Three works sold for over the US$20 million mark, and two new artist records were set for the Fauve artist Maurice de Vlaminck and the neo-Impressionist artist Maximilien Luce. In total, sell-through percentages were strong, with 82% sold by lot and 81% by value.

The top lot of the sale week for any auction house was Claude Monet’s Les Peupliers, one of the most celebrated of the artist’s great series of works from his years in Giverny. Painted en plein air during the summer of 1891, the work is the largest of the artist’s paintings devoted to a picturesque arrangement of poplar trees. Offered in pristine condition from an important private collection, the painting sold for $22,482,500 (£13,489,500/€15,063,275) to a private American collector. The painting was last sold at Christie’s in 2000 for $7 million – a three-fold increase in value just over 10 years.

“The results demonstrate the lasting appeal of great works in the global marketplace. Masterpiece-quality works performed very well, as did Modernist and Surrealist works from important private collections. It was fascinating to see this marked increase in value play out across multiple genres tonight, from Monet’s Poplars, to the record-breaking Vlaminck landscape, which sold for $6.8 million in 1994 and went on to achieve more than 22.5 million in our saleroom tonight,” said Marc Porter, Chairman of Christie’s Americas.

In addition to the top-selling lots by Monet and Vlaminck, Pablo Picasso’s Les femmes d’Alger, version L, from the artist’s groundbreaking 1955 series of 15 paintings, fetched $21,362,500 (£12,817,500/€14,312,875). Maintained in a private collection for over 50 years, the painting sold to an anonymous bidder.

In total, three lots above $20 million, and four lots above $10 million, and 19 lots sold above $1 million. Buyers (by lot / by origin) were 47% European, 36% American, 4% Asian and 13% other. Eleven different countries were represented, with 70 clients bidding by phone.

 To download high-res images of the top ten lots, go to https://ftpus.christies.com

(Username: christies    Password: password1)

 About Christie’s  

Christie’s, the world’s leading art business had global auction and private sales in 2010 that totaled £3.3 billion/$5.0 billion.  Christie’s is a name and place that speaks of extraordinary art, unparalleled service and expertise, as well as international glamour. Founded in 1766 by James Christie, Christie’s conducted the greatest auctions of the 18th, 19th and 20th centuries, and today remains a popular showcase for the unique and the beautiful. Christie’s offers over 450 sales annually in over 80 categories, including all areas of fine and decorative arts, jewellery, photographs, collectibles, wine, and more. Prices range from $200 to over $100 million.  Christie’s has 53 offices in 32 countries and 10 salerooms around the world including in London, New York, Paris, Geneva, Milan, Amsterdam, Dubai and Hong Kong.  More recently, Christie’s has led the market with expanded initiatives in emerging and new markets such as Russia, China, India and the United Arab Emirates, with successful sales and exhibitions in Beijing, Mumbai and Dubai.

*Estimates do not include buyer’s premium

http://www.christies.com/about/press-center/releases/pressrelease.aspx?pressreleaseid=4728

Saunders Luxury Sales report for May 21, 2011

Michael Saunders & Company is proud to announce several closings made possible through the professional representation of our agents, who work each day to fulfill the unique needs of homebuyers and sellers.  For the week ending May 21, 2011, the properties below sold for over $1 million:

Kim Ogilvie of Michael Saunders & Company represented both sides of a luxurious bay front home that sold for $4,450,000 on May 17, 2011.

Saint Cacchiotti of Michael Saunders & Company represented the seller and Maureen Horn, also of Michael Saunders & Company, represented the buyer of a beautiful piece of beachfront land on Longboat Key.  The estate-sized parcel sold for $1,750,000 on May 17, 2011.

Ethel & Harvey Lovelace of Michael Saunders & Company represented the seller of a custom Arthur Rutenberg home.  The residence sold for $1,450,000 on May 12, 2011.  Re/Max represented the buyer.

Cathy Meldahl of Michael Saunders & Company represented the seller and John August of Michael Saunders & Company represented the buyer of a Sleepy Lagoon residence on Longboat Key.  It sold for $1,000,000 on May 10, 2011.

Jenifer Schwell of Michael Saunders & Company represented the buyer of a Siesta Key masterpiece.  The property sold for $2,130,000 on May 13, 2011.  Re/Max represented the seller.

Susan Mitchell of Michael Saunders & Company represented the buyer of a magnificent Gulf Front lot.  The land sold for $1,250,000 on May 11, 2011.  Kathleen Daniel Licensed Broker represented the seller.

Anna Kaminski of Michael Saunders & Company represented the buyer of a lovely Grand Bay unit on Longboat Key.  The residence sold for $1,060,000 on May 16, 2011.  Prudential Palms represented the seller.

Punta Gorda Isles, FL – Neighborhood Video

The Punta Gorda area has been winning accolades from the national press lately as one of the top spots in the country to retire, and its premiere community of Punta Gorda Isles showcases all the amenities that make it so desirable. Almost all the homes are set on waterfront lots, and with over 56 miles of salt water canals, the boating is among the best in the country. Great golf and tennis add to the appeal, and the pristine beaches of the nearby barrier islands round out the picture of year round tropical living.

Located near the entrance to Charlotte Harbor, with its over 200 square miles of protected boating, Punta Gorda Isles features classic Florida homes. Designed for a casual lifestyle, they usually overlook a sparkling swimming pool and dock. All canals are at least 100 feet wide, maximizing the superb views. Birds and wildlife abound and manatees are often seen playing in the warm, sheltered waters.

Michael Saunders & Company is pleased to welcome Marie Monsky to the South Longboat Key office.

Marie relocated to Sarasota in 1996 from New York, where she worked as a retailing executive with a major department store chain for over 25 years. In this role, she was responsible for over $100 million in sales. She also ran a sleepwear company, where she oversaw both domestic and import production and supervised a sales force of over 20. Upon entering the field of real estate in 2005, Marie joined ReMax Alliance Group, specializing in residential sales, before transitioning from a referral agent to active agent for Michael Saunders & Company. As a Realtor, she was designated a Five-Star: Best in Client Satisfaction agent by Sarasota Magazine in 2006 and 2007. At Michael Saunders & Company, she joins the Saint Cacchiotti & Associates team.

Saunders Commercial Sale and Lease Report for May 21, 2011

Michael Saunders & Company is proud to announce serveral successful closings and leases made possible through the professional representation of our agents, who work each day to fulfill the uniques needs of commercial buyers, leasers and sellers.  For the week ending May 21, 2011: 

LEASE

Seller/landlord:  Ande Properties, LLP

Buyer/tenant:  Alarm Techs, Inc.

Address:  7345 International Place, Unit #105 & #106, Sarasota, FL  34240

Type of Space:  3,750 SF Industrial Flex Space (Office/Warehouse/Showroom)

Term of Lease:  3 years

List and Sale Side:  MS&C Agent Susan Goldstein

 

LEASE

Seller/landlord:  DTC Tallevast, LLC

Buyer/tenant:  Pantera Communications

Address:  1144 Tallevast Road, Unit #106, Sarasota, FL  34243

Type of Space:  2,377 SF Industrial Flex Space (Office/Warehouse)

Term of Lease:  3 years

List Side:  MS&C Agent Tony Veldkamp

Sale Side:  MS&C Agent Susan Goldstein

 

LEASE

Seller/landlord:  Cemex

Buyer/tenant:  It Works Global

Address:  5325 SR-64 East, Bradenton, FL  34208

Type of Space:  16,000 SF Office Space

Term of Lease:  3 years

Sale Side:  MS&C Agents DeLieto & Associates

 

LEASE

Seller/landlord:  Suntrust Bank

Buyer/tenant:  Secur All Insurance

Address:  510 Bay Isles Road, Longboat Key, FL  34228

Type of Space:  1,100 SF Office Space

Term of Lease:  5 years

List Side:  MS&C Agents DeLieto & Associates

 

LEASE

Seller/landlord:  Scott Franczek

Buyer/tenant:  Gia Dalton

Address:  1219 East Avenue, Suite #202, Sarasota, FL  34239

Type of Space:  1,101 SF Office Space

Term of Lease:  2 years

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

Sale Side:  MS&C Agent Linda Emery

 

LEASE

Seller/landlord:  Lanbecht, LLC

Buyer/tenant:  Catus Sky, Inc.

Address:  5454 Lena Road, Unit #108, Bradenton, FL  34211

Type of Space:  1,120 SF Office Space ???

Term of Lease:  1 year

List and Sale Side:  MS&C Agent Susan Goldstein

 

SALE

Seller/landlord:  Myron Kolski

Buyer/tenant:  Michael Galperin

Address:  12207 Majorca Place, North Port, FL  34287

Type of Space:  2,709 SF 2-Family House

Sale Price:  $85,500

List Side:  MS&C Agents John Weiss and Heather Schouten

 

LEASE

Seller/landlord:  MADBIZ, Inc.

Buyer/tenant:  Fred Wernick and Craig Crary

Address:  46 N. Washington Blvd., Unit #22, Sarasota, FL  34236

Type of Space:  1,122 SF Office Space

Lease Term:  1 year

List and Sale Side:  MS&C Agent Susan Goldstein

 

LEASE

Seller/landlord:  Dr. Fred and Anne Swing

Buyer/tenant:  Jude Pascal

Address:  2802 Tamiami Trail, Port Charlotte, FL  33952

Type of Space:  3,000 SF Retail Space

Lease Term:  3 years

List and Sale Side:  MS&C Agent Larry Schaper

 

LEASE

Seller/landlord:  James E. Deveny

Buyer/tenant: 

Address:  976 S. River Road, Englewood, FL  34223

Type of Space:  3,000 SF Industrial Space

Lease Term:  1 year

List Side:  MS&C Agents John Weiss and Heather Schouten

 

LEASE

Seller/landlord:  IGH 1400 State, LLC

Buyer/tenant:  Mandy & Me Photography

Address:  121 S. Pineapple Avenue, Sarasota, FL  34236

Type of Space:  416 SF Retail Space

Lease Term:  1 year

List and Sale Side:  MS&C Agents DeLieto & Associates

 

LEASE

Seller/landlord:  Robasota Real Estate, LLC

Buyer/tenant:  First Cut Brazilian Steakhouse, LLC

Address:  1491 Second Street, Suite C-2, Sarasota, FL  34236

Type of Space:  416 SF Office Space

Lease Term:  1 year

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

 

SALE

Seller/landlord:  Katharine Butler

Buyer/tenant:  Kathleen Johnson

Address:  1943 Morrill Street, Sarasota, FL  34236

Type of Space:  3,270 SF 2-Story Single Family House

Sale Price:  $561,000

List Side:  MS&C Agent Tom Farr

 

LEASE

Seller/landlord:  The Hamlet, LLC

Buyer/tenant:  Sweet Doctors, Inc.

Address:  4607 S. Tamiami Trail, Sarasota, FL  34231

Type of Space:  1,150 SF Retail Space

Lease Term:  5 years

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

 

Sarasota, Manatee & Charlotte Counties: April ’11 – Year Over Year Sales Comparison

Sales and pendings in Manatee and Charlotte Counties were up as inventories continued to decline beyond their lowest levels in nearly six years. Manatee County experienced a noteworthy drop in inventory of 18.1%.

Sales and pendings in Sarasota County experienced something of a drop-off from the previous month and year, even as the inventory of available properties showed a healthy 12.2% decline. The drop-off is attributable both to a seasonal drop-off in sales as the region entered the brief lull between winter and summer buying seasons; and also to the fact that this April’s results are being compared to last April, when the First Time Homebuyer’s Tax Credit was still in effect and artificially stoking sales.

Southwest Florida Home Sales Rise, Bucking Trend

Despite the departure of the region’s winter visitors — and with that the arrival of the traditional slowdown in the housing market — homes sales in Southwest Florida still rose during April and prices held their ground.

The region bucked a nationwide decline in sales, and the fact that transactions rose last month from a year ago is notable. The federal homebuyers tax credit was still in effect during April 2010, and many buyers were rushing to beat the deadline.

In the Sarasota-Bradenton market, sales rose 2 percent last month, with 1,033 homes changing hands compared with 1,001 a year ago. In Charlotte County-North Port, sales rose 11 percent, 321 deals compared with 290 a year ago.

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