Archives March, 2012

Saunders Commercial Sale and Lease Report for March 17, 2011

Michael Saunders & Company is proud to announce several successful closings and 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 March 17, 2011:

 

LEASE

Landlord:  Central Park of Commerce, LLC

Tenant:  A/C Today, Inc.

Address:  6620 E. 19th Street, Unit #113, Sarasota, FL  34243

Type of Space:  3,180 SF Industrial Space (Renewal)

List and Sale Side:  MS&C Agents Bob and Roberta Kolton

 

SALE

Seller:  Veterinary Neuro Services, LLC

Buyer:  Peter Petersheim

Address:  3900 Clark Road, Unit 4, Building M, Sarasota, FL  34238

Type of Space:  2,939 SF Professional Office Building

Price:  $300,000

List Side:  MS&C Agents Eric Massey and Sarah Lancaster

 

LEASE

Landlord:  Goodman Family Limited Partnership

Tenant:  Consolidated Electrical Distributors, Inc.

Address:  2240 Whitfield Industrial Way, Sarasota, FL  34243

Type of Space:  7,500 SF Industrial Warehouse Space (Relocation)

List and Sale Side:  MS&C Agent Roberta Kolton

 

LEASE

Landlord:  Columbian Association of Bradenton

Tenant:  United Cerebral Palsy of SW Florida

Address:  2203 30th Avenue West, Bradenton, FL  34205

Type of Space:  13,395 SF Commercial Building (Expansion)

List Side:  MS&C Agents DeLieto & Associates

 

SALE

Seller:  Pinel Family Trust

Buyer:  John Skorupski

Address:  25250 Harborview Road, Port Charlotte, FL  33980

Type of Space:  13.79 Acres of Vacant Land

Price:  150,000

List and Sale Side:  MS&C Agent Michael Hamilton

 

LEASE

Landlord:  IGH 1400 State, LLC

Tenant:  Naked Florist

Address:  1412 State Street, Sarasota, FL  34236

Type of Space:  770 SF Retail Space (Relocation)

List Side:  MS&C Agents DeLieto & Associates

 

LEASE

Landlord:  IGH 1400 State, LLC

Tenant:  SFMV, Inc. (Farmer’s Market)

Address:  1420 State Street, Sarasota, FL  34236

Type of Space:  995 SF Retail Space (Relocation)

List Side:  MS&C Agents DeLieto & Associates

 

LEASE

Landlord:  Goodman Family Limited Partnership

Tenant:  Stevens Van Lines, Inc.

Address:  2150 Whitfield Industrial Way, Sarasota, FL  34243

Type of Space:  7,500 SF Industrial Warehouse Space (Renewal)

List and Sale Side:  MS&C Agents Bob and Roberta Kolton

 

LEASE

Landlord:  MiraMar Plaza Associates, LTD.

Tenant:  Runding Corporation

Address:  45-49 Palm Avenue, Suite #222, Sarasota, FL  34236

Type of Space:  1,007 SF Office Space (Renewal)

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

Saunders Luxury Report

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 middle of February and first part of March, the properties below sold for over $1 million.

 

Tammy Garner of Michael Saunders & Company represented the buyer and seller of a modern residence with sweeping views of the Intra-Coastal waterway.  The property sold for $1,100,000 on February 10, 2012.

 

Kevin Mackin of Michael Saunders & Company represented both the buyer and seller of a beautiful residence on Palm Island.  It sold for $1,025,000 on February 16, 2012.

 

 

 

 

 

Karen Landis of Michael Saunders & Company represented the buyer and seller of a custom estate home in the Oaks.  The residence sold for $1,625,000 on February 22, 2012.

 

 

 

 

 

Dee Dee Burke of Michael Saunders & Company represented the buyer and Linda Dickinson of Michael Saunders & Company represented the seller of prime gulf-front real estate located in the prestigious Sandy Hook neighborhood.  The property sold for $4,450,000 on February 23, 2012.

 

 

 

 

 

Kim Ogilvie of Michael Saunders & Company represented the seller and Michael Hays, also of Michael Saunders & Company, represented the buyer of a gulf-front building lot.  The lot sold for $1,700,000 on February 23, 2012.

 

 

 

 

 

Jennifer Linehan and Jami Kellogg of Michael Saunders & Company represented the seller of a mid-century modern home designed by French architect Peter Truchard.  The private estate sold for $3,000,000 on February 24, 2012.  Re-Max represented the buyer.

 

 

 

 

Lenore Treiman of Michael Saunders & Company represented the buyer of a magnificent gated mansion.  The canal front property sold for $2,750,000 on February 24, 2012.  Florida Resorts Realty represented the seller.

 

Debbie Vogler of Michael Saunders & Company represented the seller and Victoria Stultz of Michael Saunders & Company represented the buyer of a lovely residence in The Reserve at Harbour Walk.  It sold for $1,650,000 on February 27, 2012.

 

 

 

 

 

Elizabeth Pitts of Michael Saunders & Company represented the seller of the ultimate beach front penthouse on Longboat Key.  The unit sold for $1,400,000 on February 27, 2012.  Re-Max represented the buyer.

 

 

 

 

 

Ann Debellvue and Judith Lavalliere of Michael Saunders & Company represented the seller of 6,600 sq. ft. residence on the Manatee River.  The property sold for $1,300,000 on February 27, 2012.  Wagner Realty represented the buyer.

 

 

 

 

Susan Noah of Michael Saunders & Company represented the buyer of an updated canal front home on Bird Key.  The home sold for $1,100,000 on February 27, 2012.  Coldwell Banker represented the seller.

 

Beth Afflebach and Joan Dickinson of Michael Saunders & Company represented the buyer of a luxury penthouse in The Beach Residences.  The unit sold for $3,900,000 on February 28, 2012.  Engel & Voelkers represented the seller.

 

 

 

 

 

Sylvia and George Zimmerman of Michael Saunders & Company represented the seller of a gated estate on Lido Shores.  The pristine residence sold for $2,800,000 on February 29, 2012.  Signature Sotheby’s represented the buyer.

 

 

 

 

 

Dan Freed of Michael Saunders & Company represented the buyer and seller of a stunning Key West style residence in one of Venice’s premiere locations.  The home sold for $1,067,000 on February 29, 2012.

 

 

 

 

 

Martha Pike of Michael Saunders & Company represented the seller of custom home with bay views in Nokomis.  It sold for $1,480,000 on February 29, 2012.  Signature Sotheby’s represented the buyer.

 

 

 

 

Steve Abbe and Betty Mullinnix of Michael Saunders & Company represented the buyer of an extraordinary home with over 8,000 sq. ft. of living area.  The residence sold for $1,900,000 on March 1, 2012.  Cristello and Co. represented the seller.

 

Terri Derr of Michael Saunders & Company represented the buyer of a lovely condominium in La Bellasara.  The unit sold for $1,930,000 on March 1, 2012.  Coldwell Banker represented the seller.

 

 

 

 

 

Marcia Salkin and Paulene Soublis of Michael Saunders & Company represented the seller of a gorgeous beachfront property in the gated community of Sanderling Club on Siesta Key.  It sold for $2,196,000 on March 2, 2012.

Sarasota Real Estate – St. Armands Towers

Nestled between the beautiful two-mile sandy beach of Lido Key and the elegant shopping and dining venues of St Armands Circle sit the landmark buildings of St. Armands Towers North and St. Armands Towers South.

Although both buildings boast similar names, the same palm façade and floor plans, the associations are run separately, providing something for everyone. St. Armands Towers South is pet friendly and a new owner must wait two years to rent after purchasing. Units in St. Armands Towers North have washer and dryer hookups and can be rented immediately.  (more…)

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Sarasota Real Estate – Nowhere To Go But Up

Siesta Key Beach

Siesta Key Beach

Our region of Florida is always earning kudos for its exceptional lifestyle opportunities.  At one time or another in recent years, we’ve been voted one of America’s best places to live, start a business, get an education, retire; and more.  Last spring, Siesta Key Beach was named America’s best seashore; and later in the fall, Sarasota was named one of the “Coolest towns in America” by Men’s Journal Magazine.  In its rationale, the magazine essentially praised all of our major lifestyle advantages in the context of a single remark.

“Sarasota has mastered the art of living well,” the article glowed, citing our region’s extensive grid of open lands and waterways, its growing network of bike trails; and our extensive menu of cultural offerings. (more…)

Saunders Comercial Sale and Lease Report for March 10, 2012

Michael Saunders & Company is proud to announce several successful closings and 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 March 10, 2012:

 

 

LEASE

Landlord:  Finergy Main Street, LLC

Tenant:  N.V.P. Law, P.A.

Address:  2170 Main Street, Suite #204, Sarasota, FL  34236

Type of Space:  1,139 SF Office Space (Expansion)

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

 

SALE

Seller:  Phil & Mary Fox

Buyer:  Outside the Box Financial Solutions, LLC

Address:  600 Old Englewood Road, Englewood, FL  34223

Type of Space:  3,593 Multi-Family Complex

Price:  $203,000

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

 

SALE

Seller:  KTBB Properties, LLC

Buyer:  Juniper International Holdings, LLC

Address:  5245 Office Park Blvd., Unit #102, Bradenton, FL  34203

Type of Space:  1,000 SF Industrial Flex Space

Price:  $82,000

List Side:  MS&C Agent Susan Goldstein

 

SALE

Seller:  Judah Enterprises, Inc.

Buyer:  Banana Bay I, LLC

Address:  4421 Ganyard Street, Charlotte Harbor, FL  33980

Type of Space:  5,290 Multi-Family Complex

Price:  $242,000

Sale Side:  MS&C Agent Michael Hamilton

 

LEASE

Landlord:  Michael Saunders & Company

Tenant:  Motis Operandl Partners, LLC

Address:  444 Gulf of Mexico Drive, Suite #101, Longboat Key, FL  34228

Type of Space:  4,000 SF Professional Office Space

List Side:  MS&C Agents Eric Massey and Sarah Lancaster

 

SALE

Seller:  Eddie Pawl

Buyer:  Audrey Wentworth

Address:  2650 Bahia Vista Street, Unit #208, Sarasota, FL  34239

Type of Space:  936 SF Professional Office Space

Price:  $70,000

List Side:  MS&C Agent Susan Goldstein

 

 

 

 

Spring Has Sprung

The origin of investing’s golden rule, “Buy low and sell high,” is unknown; although it is frequently mentioned in the same breath as one of its most successful practitioners, Warren Buffett.   For sure, Buffett coined the other oft-quoted mantra of levelheaded investing, “Be fearful when others are greedy and greedy when others are fearful,” which is an apt description of the upbeat mood now guiding investor sentiment in the aftermath of one of the most fearful periods in American financial history.

With his vast fortune largely the by-product of a lifetime of well-timed investments, when Buffett issues a “buy” recommendation, people sit up and take notice.   A few days ago, he did essentially that when quizzed by an interviewer as to which is the better option for today’s youthful investor, stocks or a new home.

The question—posed during a live interview on CNBC’s financial news program Squawk Box—went like this:  If you are a young, individual investor and have a choice between buying your first home or investing in stocks, which is the better bet?”

Without hesitation, the man whose longstanding ability to identify great investments before anyone else gets wind of them has earned him the nickname The Oracle of Omaha, replied:  “If I knew where I was going to want to live for the next five or ten years, I would buy a home and finance it with a 30-year mortgage.  It’s a terrific deal.” (more…)

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Michael Saunders & Company is pleased to welcome Denise Mei to the Main Street office

Born in Ohio and raised in New York and Tennessee, Denise and her family relocated to Siesta Key in 1990, where they still reside today.

After attending the University of Tennessee, Denise began a 22-year career as a flight attendant with American Airlines, where she developed an exceptional level of customer care skills. An entrepreneur at heart, Denise leveraged her managerial talent and wealth of experience in service as the co-owner of both Café Baci Restaurant and Classic Toys in Sarasota.

An active part of the community, Denise has chaired and co-chaired several fundraising events and served on a number of organizational committees, which include the Y Foundation, the Make-A-Wish Foundation, United Cerebral Palsy, Children First and Girl’s Inc.

Palmetto Real Estate – Bel Mare

Enjoy views of the Manatee River from Bel Mare.

Perfectly situated in Palmetto, Florida, Bel Mare was specially designed to take advantage of its sweeping marina and water views while appealing to the most discerning tastes.

Upon entrance into the secured lobby of the building, you are greeted with stately travertine floors, soaring ceilings and fine finishes, which befit the overall elegance and luxuriance of this splendid community. As this building is located adjacent to the Riviera Dunes Marina, many residents enjoy boating or other water activities. Residences here boast either two or three bedrooms, and most have views of the river or the yacht basin. The active community features pools, spas, a fitness room, a private theatre, a billiards room, as well as guest residences. (more…)

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Sarasota, Manatee and Charlotte Counties – Supply Drain

It’s happened at last.  Reacting to prices that have fallen by as much as 50% from their unsustainable highs, a continuous influx of buyers has finally siphoned-off the bloated supply of properties that have weighed on our market for the past several years.

Visual proof is in the graphs below.  Each depicts eight years of combined inventory for Sarasota, Manatee and Charlotte Counties—in six-month increments between Jan. 2004 and Jan 2012.  Shown are the supply curves in three price ranges—under $500,000, $500,000 to $1 million; and $1 million-plus.  In each, inventories have been reduced to levels more closely resembling the shortage of properties that preceded the robust sellers’ market of 2004-2006.

What else do these graphs communicate?  Simply this:  If you’re a buyer, a well-priced property that strikes your fancy must be acted upon swiftly; lest you become disappointed to find it already under contract—or subject to multiple offers—by the time your bid is proffered.    If you’re a seller,  now is the best moment in years to sell your home with the expectation that if priced right and reasonably well-maintained, buyers are likely to materialize in very short order.

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