The Neighborhood Report – Bird Key

Surrounded by sparkling waters, Bird Key is considered the jewel of Sarasota Bay.

Considered the jewel of Sarasota Bay, Bird Key is perfectly located in the middle of Sarasota Bay between St Armands Circle/Lido Key Beach and downtown Sarasota. This manmade island is made up of 511 lots, or approximately 460 single-family homes, with the only other occupant being the Bird Key Yacht Club. The original island had a large home built on it in 1914, which was owned by a couple from Cincinnati. Since then, John Ringling bought the island, which then became home for his sister. In 1950, Arvida Development Corp—with the assistance of the Corp of Engineers—designed and built the current island.
Market Activity – Bird Key

There are presently 39 active listings in Bird Key. Of these, 11 are off-water—known as Garden homes—15 are canal homes, and 13 are set on Sarasota Bay.

Garden homes range from $515,000 to $1,399,000; Canal homes range from $1,195,000 to $2,695,000; Sarasota Bay homes range from $1,499,000 to $9,490,000. There are five pending homes, in which two are Garden homes, two canal homes and one bay front home. In the last thirty days, one home has sold for $495,000. Year-to-date, fifteen homes have sold—ten of these were off-water; four were canal homes and one bay home.
Michael Saunders & Company listings have dominated the real estate market on Bird Key with 66 percent dollar share in the last 12 months. The total volume of listings sold by Michael Saunders & Company on Bird Key over the last 12 months is over $22 million. This dominance can be best attributed to superior marketing, correct pricing and aggressive Internet promotions.

A Closer Look
The following chart illustrates Michael Saunders & Company’s dominance in units sold as well as the above dollar sales. Once again, Michael Saunders & Company more than doubles the nearest competitor. Michael Saunders & Company also dominates in units sold at 31 percent. This proves Michael Saunders & Company agents are well-versed in Bird Key properties and have well-qualified customers for prestigious homes on Bird Key.  

The last 12 months of sales have shown an increase in non-waterfront homes, a slight increase in canal homes and a continued slow sales pace in bay homes. Three of the five bay properties were teardowns and have become lots. The first quarter of 2010 showed strong signs of recovery for Bird Key, especially in non-waterfront homes. Most of the short sales and bank owned properties have been sold on Bird Key.

Recently Sold on Bird Key

Michael Saunders agent John August sold 456 Meadow Lark for $1,325,000. This three-bedroom, two-bath, fully renovated canal home was listed by Michael Saunders & Company agents Annette Rodgers and Michael Moulton.

Michael Saunders & Company agents Mike and Eileen Prisco sold 656 North Owl for $650,000. This three-bedroom, two-bath off water home was listed by Michael Saunders & Company agent Nancy Cary. These are two of many examples demonstrating the strong listing and sales competencies of Michael Saunders & Company agents.

Seven of the 16 sales on Bird Key year-to-date had Michael Saunders & Company agents as both the listing and sell agents.

Why Choose Bird Key?

The key element that makes Bird Key the jewel of Sarasota Bay is its renowned location, where the beautiful blue bay waters surround this pristine island, with the magnificent Ringling Bridge leading to downtown Sarasota’s cultural amenities and fine restaurants. This bridge is traversed by numerous walkers each day. To the west of Bird Key across a short bridge is the world-class shopping and dining of St Armands Circle. Immediately to the west are the immaculate sand beaches of Lido Key.

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