This 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…)
Archive for the ‘Manatee Luxury’ Category
When you get right down to it, all of us want a swimming pool. Whether you swim regularly or not, having one is the epitome of luxury living. Pools are central to gatherings with friends and family; they are places for creating memories, getting a good work-out, relaxing, or just cooling off on a warm summer’s day.
On the Gulf Coast, pools are a year-round celebration of our lifestyle. These 8 pools in Manatee, Charlotte, and Sarasota homes for sale will make you envision long days spent soaking up the sunlight (or moonlight for that matter).
Like white sands, stunning sunsets, and a luxury lifestyle, Longboat Key is an essential element of Sarasota and Manatee County’s makeup. The island, which stretches nearly 11 miles between the Gulf of Mexico and Sarasota Bay, is the setting for lavish condos and waterfront estates. A balance of peaceful natural beauty and thoughtfully planned developments make it a recreational splendor for many of its residents.
Realtor Hannerle Moore has been a fixture on the island since 1957. “It’s really a mostly upper end, active lifestyle,” she explained. “People love that it’s just a hop, skip, and a jump to St. Armands Circle and Downtown Sarasota for the arts and restaurants. They can stay on the Key for outdoor activities and then go into town for dinner and shopping.” (more…)
Michael Saunders & Company is proud to announce the closings of Manatee, Charlotte, and Sarasota homes for sale 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 August 3, 2013 the properties below sold for over $1 million.
There is a lot of interest in Lakewood Ranch right now, from home buyers to builders. If you’ve been thinking about selling your home from within the #9 best-selling community in America, here are 5 reasons why now may be the time to sell.
1. Demand is High – The number of sold homes is up over 20% when comparing the last 12 months to the previous year, while pending sales are up over 23%. (Source: Trendgraphix) These figures back what our Michael Saunders & Company agents already know – people aren’t just looking at Lakewood Ranch homes for sale right now, they are serious about buying. (more…)
The July sale of a luxury condominium on the north end of Longboat Key didn’t end the way that anyone quite expected. Realtor Michael Moulton with Michael Saunders & Company was helping his customers in their downsize from an expansive home to a more manageable condominium. But there was a catch.
Moulton explains, “My customers had all but given up on the idea of having a condo where they could accommodate their boat.”
Their boat is an impressive 65 foot yacht. They told Moulton they were interested in living on the south end of Longboat Key (which is convenient to St. Armands Circle and Downtown Sarasota; boasts newer, luxury condominiums; and provides for a sophisticated social lifestyle). As they searched the neighborhood, they indeed found exquisite units, none of which could fully accommodate their boating needs. (more…)
The Lake Club is an exclusive Lakewood Ranch neighborhood for those seeking the finer things in life. Greeted by its own private vineyards and sounds of water fountains, you are lead to an unprecedented lifestyle of luxury, privacy and exclusivity within this master-planned neighborhood. Meticulous attention has been developed within the 1,500 acres to exceed the highest standards for construction, energy efficiency and environmental responsibility.
Market Activity – The Lake Club
At this time, there are 33 homes built and seven are under construction. Homebuyers have taken notice of the charms presented by The Lake Club. There are currently 15 active listings. In the past 30 days, two homes have sold and two homes have gone under contract. When complete, The Lake Club will include approximately 1,000 homes, all of which enhanced by the community’s well-manicured grounds.
Why Buyers Choose The Lake Club
A magnificent 16,000-square-foot, $10 million grand clubhouse is the crowning jewel of The Lake Club and provides residents a resort lifestyle all year around. A gorgeous tapestry of parks and interweaving picturesque lakes create the overall landscape design, layered with a rich canvas of Italian cypress, Medjool date palms, live oaks, and floral components such as bougainvillea and rose bushes. This stunning landscape blends in uniquely with the community’s cobblestone streets, stonework fountains, magnificent bridges and custom estate homes, which capture the elegance of European Old World charm.
November was quite a month for home sales in the over $1 million range in the gated areas of Lakewood Ranch—The Country Club and The Lake Club. Four sales closed during the month and another three homes went to contract, but have yet to close. Compare these results to just 15 sales during the previous ten months of 2009.
Agent Kudos – Helping Sell Lakewood Ranch
The improvement in sales in Lakewood Ranch is a clear result of long-awaited rational pricing in this category, which is more in evidence each day. One of the best examples is a home in the luxurious Portmarnock neighborhood listed by Barbara Najmy of our Lakewood Ranch office. Barbara, who has been associated with several transactions this year in this price range, clearly outlined the pricing realities of the market for her customer. She discussed the substantial costs associated with keeping a home of this nature on the market for prolonged periods and demonstrated the best ways to prepare a home for would-be buyers. The result: the home was placed under contract in 60 days and closed in just 80 days. What a difference when compared to the other three closings that averaged nearly three years on the market before sale!
The Bottom Line
Lakewood Ranch offers four different gated communities: The Country Club, Country Club East, The Lake Club and Edgewater. Each provides a unique lifestyle and different price categories. All are part of a community with a sense of place rather than simply a collection of developments. With 46 homes available in the over $1 million category and a return to sensible pricing, there are many opportunities for others to become a part of Lakewood Ranch. Just make sure you work with someone who understands the market.
Wonderful values make the current real estate market very appealing to buyers. Pam Ali, branch manager of Michael Saunders & Company’s Bradenton office, notices an increase in activity on Manatee County’s beautiful Anna Maria Island.
The Anna Maria area offers a true Florida island lifestyle. The quaint feeling of smaller buildings and beautiful beaches attracts buyers who are looking for a quiet place to unwind. Many of those who have purchased on Anna Maria Island have done so for either a second home or to completely relocate to enjoy the ultimate in Florida island living. Walking on the beaches, watching sunsets, kayaking the sparkling waterways and excellent fishing are the ways of life on the island, and today’s market has offered many opportunities for buyers in all price ranges to take advantage of some of the best properties available. (more…)