Archives October, 2013

Looking Forward to 2014

400 4 St W-D5794607Investors—who helped re-energize many U.S. real estate markets in addition to our own—appear to be moving on now that home prices are rising.  Naturally, their departure is causing many to wonder if our market will continue to prosper as it has over the past two years.

We not only think it will, but also believe it will become a better stabilized market as more buyers purchase with the intent of living in the homes they buy.

This view is shared by the Home Buying Institute, whose mission is to help home buyers make the best-informed decisions.  Last week they issued eight real estate market predictions to help guide buyers into 2014.   Not the least of these is that Florida’s housing market will be one of next year’s big stories.

Here is their full list of predictions:

  1. Home prices will continue to rise in most cities.  To date in 2013, the S&P/Case-Shiller Home Price Index has shown price gains of more than 12%, with home prices rising in all 20 cities factored-in to the index.  In Southwest Florida real estate, median home prices over the past year have risen by 12% or more, depending on the neighborhood and/or price range.  Most experts are predicting an additional rise of about 4-5% nationally in 2014.  (more…)

23 About Me: Bringing the Amalfi to the Gulf Coast

23LogoThis month, our “23 About Me” blog series takes us on a trip to the Michael Saunders & Company Lakewood Ranch office. We posed our questions to Realtor, Tom Cinquegrano – a former Rhode Island resident with strong Italian roots.  Tom and his wife decided one day in 1977 to sail into Sarasota and they’ve been anchored here ever since.

Find out where he goes for his Italian food and what Renaissance man you’d find him dining with if he had his choice!

Cinquegrano_TomChoose one: country estate, city penthouse or beachfront living?
Enjoying the beaches of Sarasota, living in a beach cottage.

What is your favorite ice cream?
Pistachio gelato from Epicure on Main Street.

Favorite cuisine?
Italian from any of these restaurants: Made in Italy in Venice, Epicure in Sarasota, and Sardinia in Sarasota, or my own kitchen in my house. (more…)

2

Saunders Commercial Sale & Lease Report for October 19, 2013

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 October 19, 2013:

 

1476 Main Street_DeLietoLEASE

Landlord:  F&CM, LLC

Tenant:  Koko Atlantic, LLC

Address:  1476 Main Street, Sarasota, FL  34236

Type of Space:  2300 SF Retail Space (Expansion)

List Side:  MS&C Agents DeLieto & Associates

Sale Side:  MS&C Agent Eric Massey

 

2760 Worth Avenue_SchaperLEASE

Landlord:  Marjan & Donna Kmiec

Tenant:  Wess Express

Address:  2760 Worth Avenue, Port Charlotte, FL  34224

Type of Space:  1200 SF Industrial Space (Temporary Use)

List and Sale Side:  MS&C Agent Larry Schaper

 

SALE

Seller:  Insignia Bank

Buyer:  Fernando Melendez

Address:  2004 59th Terrace East, Bradenton, FL  34203

Type of Space:  0.61 Acres of Vacant Land

Sale Price:  $53,124.00

List Side:  MS&C Agents Bob and Roberta Kolton

Sale Side:  Preferred Commercial

 

11015 Gatewood Drive_GoldsteinSALE

Seller:  American Momentum Bank

Buyer:  Pharon, LLC

Address:  11015 Gatewood Drive, Unit #104, Bradenton, FL  34211

Type of Space:  1,000 SF Office Space (Investment)

Sale Price:  $118,500

List Side:  MS&C Agent Susan Goldstein

Sale Side:  Harry Robbins & Associates

 

11065 Gatewood Drive_GoldsteinSALE

Seller:  American Momentum Bank

Buyer:  Pharon, LLC

Address:  11065 Gatewood Drive, Unit #101, Bradenton, FL  34211

Type of Space:  1,000 SF Office Space (Investment)

Sale Price:  $118,500

List Side:  MS&C Agent Susan Goldstein

Sale Side:  Harry Robbins & Associates

 

19 Blvd. of the Presidents_DeLietoLEASE

Landlord:  D & N Florida, LLP

Tenant:  Sea Maiden, Inc.

Address:  19 N. Blvd. of the Presidents, Sarasota, FL  34236

Type of Space:  1200 SF Retail Space (NEW Business)

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

 

1

Saunders Luxury Sales Report for October 19, 2013

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 October 19, 2013 the properties below sold for over $1 million.

 

Property Address:  582 S. Spoonbill Drive

Sale Price:  $2,375,000

Sale Date:  10.7.13

Listing Agent(s):  Coldwell Banker

Selling Agent(s):  Barbara Dumbaugh, Michael Saunders & Company

 

1104 Gulf Dr N - A3957234_1Property Address:  1104 Gulf Drive North

Sale Price:  $1,150,000

Sale Date:  10.8.13

Listing Agent(s):  Dee Dee Burke, Michael Saunders & Company

Selling Agent(s):  Eileen Prisco, Michael Saunders & Company

 

3527 Fair Oaks Ln - A3979084_14Property Address:  3527 Fair Oaks Lane

Sale Price:  10.8.13

Sale Date:  $1,225,000

Listing Agent(s):  Judy Beck, Michael Saunders & Company

Selling Agent(s):  Atchley International Realty

 

162 Puesta Del Sol A3969885_01Property Address:  162 Puesta Del Sol

Sale Price:  $1,000,000

Sale Date:  10.9.13

Listing Agent(s):  Drew Russell & Kim Ogilvie, Michael Saunders & Company

Selling Agent(s):  Drew Russell, Michael Saunders & Company

 

1243 Starboard Ln 344934_zdProperty Address:  1243 Starboard Lane

Sale Price:  $2,325,000

Sale Date:  10.11.13

Listing Agent(s):  Coldwell Banker

Selling Agent(s):  Jaime Carrion, Michael Saunders & Company

 

Property Address:  14915 Camargo Place

Sale Price:  $1,025,000

Sale Date:  10.15.13

Listing Agent(s):  Keller Williams

Selling Agent(s):  Janis Collier, Michael Saunders & Company

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Michael Saunders & Company Selected for Top London Real Estate Event

Twenty three percent of homes purchased by international buyers in the United States are purchased in Florida (Source: National Association of REALTORS® 2013 Profile of International Home Buying Activity). There is no doubt that the internet is one of the most useful tools for reaching this group. Sometimes, however, there is nothing better than going to them. This can be a challenge when there is an ocean separating your home from a potential buyer.

The Hurlingham Club will be the site of an exclusive viewing of the world's most luxurious homes including many fine properties represented by Michael Saunders & Company.

The Hurlingham Club will be the site of an exclusive viewing of the world’s most luxurious homes including many fine properties represented by Michael Saunders & Company.

That is why Michael Saunders & Company is taking our finest homes to London October 29th and 30th. The prestigious Hurlingham Club, regarded as one of Britain’s greatest Private Members’ Clubs, will be the destination for many affluent buyers from across Europe to view a selection of the most desirable homes from around the world. (more…)

Celebrating Halloween: Theatrical Ghosts of the Gulf Coast

Halloween,Venice,Theatre

The Venice Theatre presents ‘Frankenstein’ this Halloween

It has been said that wherever there are theatres, you’ll find ghosts – and the theatres found here in Florida’s cultural capital are certainly no exception. In honor of Halloween, a spirited investigation seemed in order. Never fear though, it turns out Sarasota’s ghostly guests are just as friendly as its residents. The Ghosts of The Golden Apple Michael Saunders & Company agent, Kyle Turoff, served as managing director/owner of The Golden Apple Dinner Theatre for many years, where it seems there were enough ghosts to stage their own production. (more…)

Saunders Commercial Sale and Lease Report for October 12, 2013

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 need of commercial buyers, leasers and sellers.

 

SALE

Seller:  SD Holdings, Inc.

Buyer:  Florida Equipco, LLC

Address:  7013 S. Tamiami Trail, Sarasota, FL  34238

Type of Space:  2,650 SF Office Building

Sale Price:  $305,000

List Side:  Ian Black Real Estate,

Sale Side:  MS&C Agent Eric Massey

 

7353 International Place_GoldsteinLEASE

Landlord:  Charles E. Badcock

Tenant:  Suncoast Crazy Monkey, Inc.

Address:  7353 International Place, Unit #303, Sarasota, FL  34240

Type of Space:  936 SF Industrial Space (NEW Business)

List and Sale Side:  MS&C Agent Susan Goldstein

 

7305 Merchant Court_DeLietoLEASE

Landlord:  Khalea, LP

Tenant:  Barak & Goldberg, PA

Address:  7303 Merchant Court, Units A & B, Sarasota, FL  34240

Type of Space:  2,436 SF Office Space (NEW Business)

List Side:  MS&C Agents DeLieto & Associates

Sale Side:  Ian Black Real Estate

 

2170 Main Street_MasseyLEASE

Landlord:  Finergy Main Street, LLC

Tenant:  Smart Material Corp.

Address:  2170 Main Street, Suite #302, Sarasota, FL  34237

Type of Space:  643 SF Office Space (Relocation)

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

 

4281 Clark Road_DeLietoSALE

Seller:  Soltis Family, LLC

Buyer:  Richard A. Martin Jr. Revocable Trust

Address:  4281 Clark Road, Sarasota, FL  34233

Type of Space:  10,166 SF Retail Building

Sale Price:  $1,410,000

List Side:  MS&C Agents DeLieto & Associates

Sale Side:  Horizon Realty

 

710 Commerce Drive_DeLietoLEASE

Landlord:  Homeport, LLC

Tenant:  Venice Crossfit, Inc.

Address:  710 Commerce Drive, Units #101 & #102, Venice, FL  34292

Type of Space:  4,500 SF Industrial Space (NEW Business)

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

 

11065 Gatewood Drive_GoldsteinSALE

Seller:  American Momentum Bank

Buyer:  Tidemark Financial Services

Address:  11065 Gatewood Drive, Unit #104, Bradenton, FL  34205

Type of Space:  930 SF Office Space

Sale Price:  $117,500

List and Sale Side:  MS&C Agent Susan Goldstein

 

6202 Clarity Court2_KoltonLEASE

Landlord:  Brazos XX, LLC

Tenant:  ICAN Basketball Academy

Address:  6218 Clarity Court, Sarasota, FL  34240

Type of Space:  5,000 SF Industrial Space (Renewal)

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

 

3809 Lorraine Road_GoldsteinSALE

Seller:  C1 Bank

Buyer:  SRQ, LLC

Address:  3809 Lorraine Road, Bradenton, FL  34211

Type of Space:  10 +/- Acres of Land

Sale Price:  $270,000

List Side:  MS&C Agent Susan Goldstein

Sale Side:  Coastal Living Realty

 

3243 81st Court East_KotlonLEASE

Landlord:  Caravel Brazil, LLC

Tenant:  R.A. Connelly, Inc.

Address:  3243 81st Court East, Bradenton, FL  34211

Type of Space:  1,150 SF Industrial Space (Renewal)

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

 

6202 Clarity Court2_KoltonLEASE

Landlord:  Brazos XX, LLC

Tenant:  Finecraft Custom Cabinetry, Inc.

Address:  6209 Clarity Court, Sarasota, FL  34240

Type of Space:  5,000 SF Industrial Space (Expansion)

List Side:  MS&C Agents Bob and Roberta Kolton

Sale Side:  Richardson, Kleiber, Walter, Kleiber, Button, Inc.

 

LEASE

Landlord:  Fred and Anne Swing

Tenant:  Keisha Knight

Address:  2765 Tamiami Trail, Suite D, Port Charlotte, FL

Type of Space:  288 SF Retail Space (Relocation)

List and Sale Side:  MS&C Agent Larry Schaper

 

LEASE

Seller/landlord:  The Spector Building, LLC

Buyer/tenant:  Myrtha Pools USA

Address:  1800 2nd Street, Suite #755, Sarasota, FL

Type of Space:  1,580 SF Office Space (Relocation)

Sale Side:  MS&C Agents DeLieto & Associates

 

6 Tips for Selling Your Home in Season

MarinaJacksWith the return of Season nearly upon us, we are already witnessing a break in the weather and the snowbirds will soon be making their way back to the Gulf Coast. If you are among those who have been waiting for this busy time of year to list your Manatee, Charlotte, or Sarasota home for sale, we offer the following tips to help ensure a selling success!

1. Meet with a Realtor now.
Linda Driggs, an agent with Michael Saunders & Company, offered this bit of advice.  “When I first meet with sellers, whether they are listing their home now or in several months, I provide them with a laundry list of things to take care of.  It’s about helping the seller make the best presentation of their home in the marketplace. They should rely on their agent to provide them with advice and resources on how they can get their home in the finest shape possible.” (more…)

The Bottom Line for Luxury Properties

4300higelave_aThis past summer, the Federal Reserve reported that the nation’s post-recession net worth has risen to $74.8 trillion—compared with $67.8 trillion in 2007. That means the value of our homes, stocks and other investments—minus debts and other liabilities—has reached its highest level since records have been kept, not adjusting for inflation. Thus with their post-recession assets better than completely restored—and with their confidence in real estate as a solid long-term investment fully re-booted—buyers for luxury properties in Southwest Florida have come calling again in sizeable numbers. During the first three quarters of 2013, sales of luxury properties priced above $1 million in Sarasota and Manatee Counties rose 26% over the same period in 2012; and were up 53% over the first three quarters of 2011. (Source: Trendgraphix, October 2013) Florida’s Population Growth That property sales are up across all price ranges is underscored by the resumption of Florida’s explosive population growth. Both Politifact Florida and Moody’s estimate that Florida’s population will grow by 360,000 in 2013—which translates to nearly 1,000 newcomers each day. These are remarkable numbers, especially as they represent net migration—people moving in minus people moving out—and are known to include a significant number of high net-worth individuals. (more…)

Featured Property: Coastal Chic on Palm Island

If you are drawn to sand, shells, sea, and sky, then you no doubt can imagine your ideal coastal home. You dream of a place that whispers “summer” all year long, a home that is central for creating good memories, and a haven that evokes the easy, carefree feel of boating and beachcombing. Our featured property of the month is located at 630 Bocilla Dr. Placida, Florida on Palm Island.

Please know that this property has Sold, but you can still view Palm Island, Florida homes for sale.

IMG_0093The 3,220 square foot residence provides a light and breezy atmosphere as it overlooks serene waterfront splendor. This lovely four bedroom home is perched along the Intracoatal Waterway near Don Pedro Island State Park and preserve, showcasing natural Florida beauty at its finest. (more…)

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