The Anna Maria Island Sun Newspaper

Vol. 15 No. 38 - July 22, 2015

REAL ESTATE

A million here, a million there

 

By Louise Bolger | sun staff writer

When did a million dollar price tag on a home become an everyday occurrence? I’m not exactly sure, but I can tell you that based on current asking prices, that day is here.

Let’s start with what has gone on since the beginning of the year on Anna Maria Island and in neighboring Cortez. From January through June, Cortez had one sale over one million and two over $900,000 – all single family homes.

Holmes Beach and Bradenton Beach had eight over one million dollar sales, from a low of $1,100,000 to a high of $1,695,000, and one sale just under a million. There were three condos and six single-family homes in this group. All except one were in Holmes Beach.

The city of Anna Maria had nine over one million dollar sales, ranging from a low of $1,000,000 to a high of $2,650,000. In addition, there were three sales just under one million.

These are great numbers proving our beautiful waterfront and Island properties are coming back and attracting luxury buyers again. But hold on if you think sales from the beginning of the year are impressive; just wait till you see the asking prices of homes currently on the market.

Cortez is currently listing four over one million dollar properties ranging from $1,270,000 to $1,690,000. There is also one listed just under one million.

Holmes Beach and Bradenton Beach combined have 62 properties listed over one million dollars ranging from $3,495,000 to $1,049,000. There are three over $3,000,000, eight over $2,000,000 and the balance over one million. There are also five properties listed just under a million.

Anna Maria city is actually more impressive than Bradenton Beach and Holmes Beach. Although its total number of high end listings is lower, the asking prices are higher, and of course, the area is smaller.

In Anna Maria there are currently 42 properties listed over one million ranging from $6,595,000 to $1,050,000. One is over $6,000,000, three are over $4,000,000, two are over $3,000,000 and four are over $2,000,000. The balance of the properties are all over one million with two additional properties listed just under one million.

Some of these properties are already in a pending status, and all of this information is compiled from realtor.com at the time of this writing. Realtor.com generally reflects properties listed on the multiple listing services. This means there may be other properties listed privately that do not show up on realtor.com.

Based on what my trusty calculator tells me, the combined number of listings over one million as of this writing in the three cities of Anna Maria Island and Cortez is 108. When you compare this to only 18 over one million dollar property closings since the beginning of the year, also in the three Anna Maria cities and Cortez, it’s got to make you wonder what the second half of the year’s sales numbers will be. We may not be Palm Beach or southern California, but if you’re like me, you’ve got to be thinking what the heck is going on and where will it end.

Obviously the word got out that quaint Anna Maria is the place to be. Good for you if your property is now worth over a million, but too bad for all the people who are being priced out of our paradise. A million here, a million there – pretty soon you’re talking real money.

Real Estate Transactions
May 2015

Sponsored by Alan Galletto Island Real Estate

Sold Date | List Price | Sold Price | Address | Provision | Property Style

Anna Maria

05/01/15 535,000 492,000 420 Hibiscus Rd 1917 4 Br/2 Ba SFR
05/01/15 599,900 575,000 610 N Bay Blvd 1266 2 Br/2 Ba SFR
05/08/15 675,000 613,000 131 Hammock Rd 1330 80x70 3 Br/2 Ba SFR
05/05/15 649,000 615,000 229 Chilson Ave 1597 3 Br/2.5 Ba SFR
05/15/15 679,000 625,000 522 South Dr 1560 3 Br/2 Ba SFR
05/20/15 695,000 630,000 521 N Bay Blvd 1406 3 Br/2 Ba SFR
05/19/15 699,000 685,000 706 Gladiolus St 1696 50x102 2 Br/2 Ba SFR
05/29/15 784,000 735,000 103 Pelican Dr 1424 3 Br/2 Ba SFR
05/19/15 1,047,500 1,045,000 515 Kumquat Dr 2140 3 Br/3 Ba SFR
05/18/15 1,349,000 1,095,000 843 N Shore Dr 1570 3 Br/2 Ba SFR
05/18/15 1,595,000 1,500,000 113 Park Ave 2150 4 Br/3.5 Ba SFR
05/04/15 1,695,000 1,600,000 851 N Shore Dr 1800 3 Br/2.5 Ba SFR
05/11/15 2,536,918 2,536,918 103 Palmetto 3100 57x100 4 Br/4.5 Ba SFR
05/19/15 2,650,000 2,650,000 789 N Shore Dr 1718 3 Br/2.5 Ba SFR
05/15/15 259,000 240,000 522 Pine Avenue #4c 822 2 Br/1 Ba Condo
105/20/15 750,000 580,000 850 N Shore Dr A 2644 5 Br/3 Ba Half Duplex
05/15/15 849,000 750,000 791 Jacaranda Road 1812 100x100 3 Br/3 Ba Half Duplex
05/28/15 495,000 475,000 520 Villa Rosa Way 75x110 Lot
05/28/15 495,000 475,000 522 Villa Rosa Way 75x110 Lot

Bradenton Beach

05/01/15 379,000 370,000 103 1st N St 1814 3 Br/2 Ba SFR
05/15/15 159,000 145,500 611 Gulf N Dr #A13 698 1 Br/1 Ba Condo
05/20/15 158,500 158,500 611 Gulf N Dr #B23 698 1 Br/1 Ba Condo
05/27/15 239,000 230,000 1801 N Gulf Dr # 206 691 1 Br/1 Ba Condo
05/15/15 379,000 365,000 110 12th S St # 123 896 2 Br/2 Ba Condo
05/22/15 399,000 386,000 501 Gulf N Dr # 304 1128 2 Br/2 Ba Condo
05/14/15 585,000 535,000 229 17th St. # 5 1688 3 Br/2.5 Ba Condo
05/28/15 585,000 565,000 221 17th St. # 221 1722 3 Br/2.5 Ba Condo
05/15/15 535,900 500,000 106 6th S St # ABC 1792 54x99 Triplex

Cortez

05/15/15 995,000 955,000 12602 Baypointe Ter 4677 4 Br/3.5 Ba SFR
05/29/15 265,039 253,500 9604 W Cortez W Rd 1599 3 Br/3 Ba Condo
Date List Price Sold Price Address SFUA Lot Size Property Description
05/15/15 475,000 460,000 4114 Osprey Hrbr Lp 2068 3 Br/2 Ba Condo
05/08/15 595,000 565,000 3905 Mariners Wk 821 2513 3 Br/3 Ba Condo

Holmes Beach

05/29/15 699,000 680,000 220 N Harbor Dr 100x100 SFR
05/29/15 265,000 300,000 311 62nd St 1064 2 Br/1 Ba SFR, Short Sale
05/28/15 384,900 400,000 5614 Guava St 880 3 Br/1 Ba SFR, REO/Bank Owned
05/04/15 499,000 435,000 504 Key Royale Dr 1384 95x116 2 Br/2 Ba SF
05/20/15 449,900 435,000 512 72nd St 2295 4 Br/2 Ba SFR, REO/ Bank Owned
05/27/15 499,000 478,000 620 Key Royale Dr 1681 3 Br/2 Ba SFR
05/29/15 549,000 505,000 611 Gladstone Ln 2500 4 Br/3.5 Ba SFR
05/01/15 565,000 540,000 320 64th St. 1116 105x132 3 Br/3 Ba SFR
05/28/15 559,000 545,000 520 69th St 1247 80x109 2 Br/2 Ba SFR
05/29/15 595,000 575,000 510 74th St. 1700 2 Br/3 Ba SFR
05/07/15 599,000 580,000 508 69th St. 1530 80x116 3 Br/2 Ba SFR
05/18/15 649,000 625,000 306 67th St 1258 3 Br/2 Ba SFR
05/11/15 659,900 630,000 529 70th St. 1298 3 Br/2 Ba SFR
05/01/15 740,000 710,000 516 68th St. 2123 4 Br/4 Ba SFR
05/14/15 824,000 805,000 313 61st St 2374 4 Br/3.5 Ba SFR
05/04/15 799,900 810,000 512 56th St. 2327 4 Br/3 Ba SFR
05/08/15 899,900 840,000 121 49th St. 2541 100x100 4 Br/2 Ba SFR
05/12/15 849,900 849,000 607 Concord Ln 2109 3 Br/2 Ba SFR
05/08/15 875,000 875,000 603 Ivanhoe Ln 2255 3 Br/2.5 Ba SFR
05/05/15 949,000 880,000 208 75th St. 2240 3 Br/2.5 Ba SFR
05/01/15 1,290,000 1,100,000 120 50th St 2423 63x100 3 Br/3 Ba SFR
05/06/15 374,900 357,000 3402 Gulf Dr 1 1359 2 Br/2 Ba Condo
05/19/15 425,000 419,000 6400 Flotilla Dr #82 1400 2 Br/2 Ba Condo
05/06/15 499,900 485,000 6006 Gulf Dr #212 1154 2 Br/2 Ba Condo
05/29/15 555,000 500,000 7000 Gulf Dr #213 1259 2 Br/2 Ba Condo
05/21/15 575,000 545,000 6804 Gulf Dr #6804 1281 2 Br/2 Ba Condo
05/08/15 549,000 549,000 307 65th St. 2214 90x105 Duplex
05/08/15 339,900 325,000 407 63rd St 1200 2 Br/2Ba Half-Duplex
05/18/15 285,000 270,000 3601 E Bay Dr #114 1284 2 Br/3 Ba Townhome
05/21/15 549,000 525,000 244 S Harbor Dr #4 1330 2 Br/1 Ba Townhome

 

Source: Mid Florida Multiple Listing Service


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