Sarasota Real Estate Blog

Longboat Key Towers

Located behind the gates of the Longboat Key Club, the Longboat Key Towers is home to 88 units.  The two buildings were completed in 1970 but recently underwent a $12 million renovation.  Providing its owners excellent on-site management, amenities include:

• His and Hers Locker Room
• Sauna
• Fitness/Exercise Room
• Gulf-front Pool/Spa

The Sarasota MLS currently reports 3 condos for sale at Longboat Key Towers on Longboat Key.  Sales prices range from $995,000 to $1,699,000.  There are no sales pending and one condo has sold in the last six months.  The selling price was $651,000.

Longboat Key Towers could be your place in the sun.  For showing information, prices and stats, give us a call.  Our agents know Longboat Key condos and regular show on the Key.  Some of our favorites include: En Provence, Sanctuary and Islands West.

Located just off the shores of Sarasota, Longboat Key, FL is home to some of the most exclusive and impressive homes on the Gulf Coast of Florida. There are currently 153 homes for sale on the island going all the way up to $13,000,000.

 Longboat Key Single Family Home Inventory

• Total Listings: 153
• Highest Priced Listing: $13,000,000 (5965 Gulf of Mexico Drive)
• Median Price: $1,325,000
• Average Price: $1,932,079

To most residents of Longboat Key, the island lifestyle is all about enjoying the water – beach, bay or canal. Beachcombers enjoy 11 miles of gorgeous sand, while boaters enjoy homes on the Bay or canals with quick access to the Gulf of Mexico. Country Club Shores neighborhood is very popular with boaters.

Many of the homes on Longboat Key are 2^nd or 3^rd homes for their privileged owners. People from all over the world fall in love with this tropical island paradise. With so much to offer, it is no wonder why Longboat Key homes are so desirable.

The Longboat Key Florida real estate market has been brisk with activity. There are currently 24 homes under contract and 43 condos and townhouses under contract. Give us a call or contact us at BuySarasota.com if you are considering a permanent move, vacation home or investment on Longboat Key. We’ve helped many buyers from around the find and acquire Longboat Key properties for their lifestyle and budget. If you prefer maintenance-free living, we can help you explore the many fabulous condo options including L’Ambiance and many others.

Sarasota Real Estate Sales Continue Strong Pace

Press release with data on the Sarasota real estate market sales numbers for October 2009. Sales were up 36% versus the same period last year.

Kanaya in Sarasota FL

Balanced, healthy living is the central theme to Kanaya’s thirty-five Feng Shui inspired residences.  Located on South Orange Avenue, Kanaya is in a quiet downtown neighborhood steps from Burns Court, downtown’s theater district, and Sarasota’s finest shopping and dining. 

Offering two floor plans, the Laurel units are 2,655 square feet with 3BR/2.5B, and the 24 Bamboo units are 3,026 square feet with 3BR/3.5B plus study.  Prices start at $699,000 and go up to over $2 million. Residences include spectacular views of the bay, gulf, and city, outdoor parks with contemplation paths, a rooftop garden and pavilion for 360 degree water and city views, and a spectacular entrance to the amenities level with a Japanese garden and saltwater aquarium. 

Amenities include a 60 foot solar heated chlorine-free swimming pool, a spacious pool deck with a hot tub, labyrinth, and grill, infrared sauna, two separate gym areas: one with equipment dedicated to Pilates and yoga and the other with traditional cardiovascular exercise equipment, and a social room with an entertaining kitchen that flows out to the pool area. 

If healthy living is your focus, Kanaya was meant for you!  All residences were built with formaldehyde-free insulation, granite countertops and cabinets shielded from formaldehyde release, reverse osmosis, charcoal filtered drinking water system, air conditioning with advanced filtration filtration systems, mildew resistant, no V.O.C. paints used throughout the interior, reduced electro-magnetic fields, and humidistats and positive ventilation to prevent mold and fungus in individual residences.  Even if healthy and green, the residences still feature life’s finer luxuries with elegant master baths, garden tub, spacious walk-in closets, and terrace access from the master bedroom.  The gourmet kitchen highlights several amenities including granite counters, European cabinetry with raised panel doors and under cabinet lighting. 

Kanaya’s unique residences and theme are unrivaled. Contact us for a viewing of this unique, health-inspired, exclusive residential complex. We will also be happy to show you other downtown Sarasota condos that may interest you.

Below are some of the top national real estate news stories for the week ending November 13, 2009.

Mortgage rates remain below 5% Nationally according to Freddie Mac. The average rate for a 30 year home loan fell to 4.91%, down from 4.98% the previous week.

The National Association of Realtors announced that the recent homebuyer tax credit extension will have an additional benefit to US Armed Forces. U.S. Military, foreign personnel and intelligence service members who were out of the United States for 90 days during any part of 2009 will get an additional year to buy their homes with the tax credit.

National Foreclosure rates dipped 3% on October from September according to RealtyTrac.com. It was the third straight monthly decline. RealtyTrac attributed the decline to improved foreclosure prevention programs.

Investors are moving back into the market to take advantage of greatly reduced prices, according to Move.com.

The Federal Housing Administration announced that it is relaxing its condominium underwriting guidelines as a way of helping the struggling sector ride out the downturn. The move could help boost condo sales by making more FHA mortgages available to buyers.

Fannie Mae announced this week that it is going to give borrowers on the verge of foreclosure the option of renting their homes for a year. This new “Deed for Lease” program will allow owners to transfer title to Fannie Mae in exchange for a one year lease.

Last month, Barbara Corcoran announced on the Today Show that Sarasota, Florida is the number one spot in the United States to buy a home. According to Corcoran, Sarasota prices have stabilized and will be headed back up. She also spoke about Sarasota’s world famous beaches (Siesta Key Beach is #2 beach in U.S. according to Dr Beach), fabulous weather and extensive cultural offerings.

Watch the Today Show interview below.

Welcome to our Sarasota Florida real estate blog. Check back often for updates. We’ll be posting regularly on the real estate market here in Sarasota including information on condominiums, homes for sale, sales data, new listings and breaking news.