Sunday, August 30, 2009

Longboat Key Real Estate Update - August 2009

Longboat Key real estate ranges from tiny beach cottages, ranch style homes to luxurious newer highrise condominiums on both the Gulf of Mexico and the shores of Sarasota Bay. Many Longboat Key homes in neighborhoods such as Country Club Shores and Bay Isles are located on canals that wind to the Bay providing direct access to the Gulf of Mexico. Some of the properties on Longboat Key have full Bay views and fabulous vistas of the mainland and the lights of Sarasota, Florida sparkle at night. Longboat Key’s real estate inventory is excellent and prices range from $269,000 to $15,000,000 for single family homes on this “hot” destination Key. Longboat Key real estate data in the Sarasota MLS system shows 159 single family homes listed for sale on this tropical manicured Key compared to over 400 on neighboring Siesta Key.

When not enjoying the beach, residents of Longboat Key drive to downtown Sarasota for the opera, ballet or theater. Galleries of Palm Avenue are relaxing on a rainy day or just any day for that matter. Stroll down Main Street in Sarasota and visit specialty shops or walk to the Sarasota Bayfront and snap some shots of Dolphin Fountain.
St. Armands Circle is a great place to wander. Cross over to the center of the Circle and learn about Sarasota’s circus heritage. Enjoy the statures of Ringling greatness positioned beautifully as you make your way to a popular restaurant for a leisurely lunch. If dinner is on the agenda later in the evening, St. Armands has many fine restaurants or stay on Longboat Key and enjoy sipping wine as another extraordinary day ends in Paradise.

Longboat Key Real Estate Update:

Single Family Homes:
  • Least Expensive Home: $179,900
  • Most Expensive Home: $9,995,000
  • Homes Under Contract: 17
  • Single Family Homes Sold Last Six Months: 38

Condos (Including Townhouses & Villas)

  • Least Expensive Condo: $155,000
  • Most Expensive Condo: $5,000,000
  • Condos Under Contract: 48
  • Condos Sold Last Six Months: 132
If you are searching for a home or real estate on Longboat Key, Siesta Key or Casey Key, contact John Allen at 941-544-6467. John shows Longboat Key real estate as well as all of Sarasota’s other barrier islands. He has the experience in waterfront properties necessary to guide you to a quick closing. If you are considering a purchase on Longboat Key's neighbor to the south, head over to our recent Siesta Key real estate market post to get an overview of the market. If you would like to make an appointment to view homes or condos on Siesta Key or Longboat Key, please give us contact us today to set up an appointment.