Longboat Key Homes for Sale Market Update 2009

Longboat Key Florida is more than just a destination. It is a lifestyle. This 11 mile long island offers an array of waterfront activities, dining, spas, golf, tennis and so much more. Longboat Key provides a private atmosphere to its lucky residents, yet it is only minutes from the endless amenities of St Armands Circle and downtown Sarasota.
The Longboat Key real estate market has been brisk with activity as savvy buyers have been taking advantage of reduced prices and a nice selection of inventory.
Longboat Key Single Family Home Data from the MLS

• Active Home Listings: 158
• Price range: $179,000 to $13,000,000
• Average Listing Price: $1,883,889
• Median Listing Price: $1,310,000
• 2009 Home Sales – 64
• Sales Price range: $220,000 to $7,125,000
• Average Sale Price: $1,033,115
• Media Sale Price: $717,500

If you have been considering a condo or home purchase on Longboat Key, give the John Allen Team a call direct at 941-544-6467 to start the process. His team can help you explore all Sarasota real estate. Many experts believe that now is a great time to buy. sale prices are at a level comparable to what we saw 7 to 8 years ago and there is still a very nice selection of inventory.
Related Link: Longboat Key Condominium Market Update - 2009

Moores Stone Crab on Longboat Key Florida

Longboat Key Restaurants: Moore’s Serving Stonecrabs Since 1967

Every year when it’s stonecrab season, residents and visitors arrive at Moore’s Stonecrab Restaurant on Longboat Key to sample the season’s catch. Moore’s is the oldest seafood restaurant “under the same ownership” in Manatee County.
Papa Jack Moore walking the flats of the bays getting stonecrab as far back as 1927 beginning a long history for the Moore family’s seafood business. All traps were built by hand back in the 20s and today they are still handmade. In 1927, the traps numbered from 50 to 75 and currently Moore’s boats work as many as 140,000 traps.



From October 15 to May 15 each year, Moore’s boats work the traps each day bringing customers fresh crabs for the restaurant. And each year, we head to Moore’s to test the season’s feast.
If stonecrab is not for you, try Moore’s tasty crab rolls, stuffed shrimp or fried oysters. Can’t make up your mind, Moore’s offers combination platters: Longboat Platter, Broadway Platter or the Villager platter are excellent.
Moore’s is located in the historic Longboat Key Village on Broadway Street - More Information. Be very careful on Broadway – there is always a peacock crossing the road.
For information on Longboat Key real estate for sale, either condos and homes, contact the John Allen Team at 941-544-6467

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.

Longboat Key Florida Condo Market Update

Activity on all our websites and blogs is up! Dr. Beach published his America’s 10 Best Beaches 2009 report, in May and Longboat Key condos are of high interest once again. Siesta Key moved from the no. 3 spot to the no. 2 spot on Dr. Beach's list, and Longboat Key inquiries rose along with Siesta Key. With low interest rates and nice inventory on the barrier island, savvy buyers are picking up properties at substantial discounts. If you’ve been searching for a few years just waiting to time this market, time may be running out. The best properties always go first even in a bad market.
Many buyers of Longboat Key real estate have been coming to this the Sarasota area for decades. Prices have jumped out of buyers’ reaches in previously, and they are trying hop into this market before prices escalate again. Longboat Key’s weather, manicured landscaping, golf, tennis and other outdoor activities attract vacationers and buyers to this beach area. The luxury lifestyle on Longboat Key is desirable to snowbirds and celebrities seeking resort-style amenities.
Longboat Real Estate Market
Spanish Main Yacht Club offers one of the lowest priced condos at $210,000. If you need more space and are looking for a Longboat Key luxury condo, Bleu Claire, one of Longboat Key’s newest Gulf-front complexes offers the highest priced unit on the Key at $5 million. The highest sale of a Longboat Key condo in the last three months was a unit at the Water Club with a listing price of $3,495,000. Selling price was $3,000,000 for the condo built in 1999.
Real Estate Activity on Longboat Key Last 3 Months

• Condos, Townhouses and Villas for Sale: Over 350 (excluded timeshares and boat docks)
• Pending Condos, Townhouses and Villas: 57
• Condos Sold: 76 (including townhouses and villas)

Activities on Longboat Key include: golf, tennis, shelling, boating, fishing, walking, swimming and shopping to name a few. Cultural venues of Sarasota are close to the Key as well as St. Armands Circle shopping and restaurants.
If you’re surfing the web and dreaming of a second home or Longboat Key condos is your landing page, contact us for an overview of the Sarasota real estate market. Don’t miss a good buy in Sarasota, Florida. The best properties on Longboat Key go first. Ask John Allen to help you sort through all of the Longboat Key real estate listings with a good value. Enjoy the New Year in your Longboat Key Florida.

Longboat Key Restaurant – The Monkey Room at the Colony Beach & Tennis Resort

If you are out on Longboat Key looking for a spot to enjoy a perfect sunset, pull into the Colony and head to the Monkey Room. The Monkey Room and the Money Room Patio Bar are now offering special prices from 5:00 pm – to 7:00 pm on select cocktails, wine and refreshments. Prices are from $5 to $7. Sunsets are free.
Take Gulf of Mexico Drive to 1620 and wind around to the beachfront. For dinner reservations or information, call 941-383-5558.



From the picture to the right, you can see the Monkey Bar’s selection of beverages will surely cool your taste buds. Sit back and sip a martini or try a pina colada with an umbrella for a relaxing evening on Longboat Key. Take a walk on the beach if you need to feel the sand in your toes. Longboat Key’s sunsets are spectacular and the Colony Beach & Tennis Resort never disappoints in its presentation!

If you are interested in a waterfront homes on Longboat Key or a condo on the beach , contact John Allen or search our main website to view all Longboat Key FL real estate for sale.

The Sanctuary: Longboat Key Condos on the Beach

Behind the gates of the Longboat Key Club, you will find the prestigious Longboat Key condos at Sanctuary. Entering the gates, a guard will direct your visitors to your new home. The grounds of the Longboat Key Club are meticulously maintained and residents view wildlife from the golf course to the Gulf.





Longboat Key FL is located approximately 90 minutes from Tampa International Airport. Take the Fruitville Road Exit into Sarasota. Turn left (South) on Hwy 41, turn right at Ringling, head to St. Armands Circle and make the first turn in the Circle and continue to Longboat Key. The Longboat Key Club entrance will be on your left at the traffic light after the Chart House restaurant. Pass the guard gate, you can't miss the towering luxury high-rise condos of the Longboat Key Club.


Sanctuary is located right on Longboat Key Beach. The Sarasota MLS currently lists 8 Longboat Key condos for sale at the Sanctuary Longboat Key. Prices range from $1,495,000 for a 3 bedroom, 3 bath apartment with 2,590 sq.ft. to $3,250,000 for a 3,115 sq.ft unit.
Amenities at Sanctuary include guard gated, heated pull, elevators, fitness. Pets are permitted at Sanctuary.


Residents leave their Longboat Key condos and drive to St. Armands Circle where shopping and dining are close by or just dine at the Club House. Meet your neighbors while on the golf course for a round of golf or enjoy a game of tennis. Walk on the beach and see the dolphins playing in the Gulf every day. If you want a dose of culture, take a short drive to Sarasota's many venues.
Call us about Longboat Key condos or check our websites for information, photos on condo listings in all Sarasota. If laid-back Siesta Key is more your style and you want a new condo on the beach, Siesta Key could be an option instead of manicured Longboat Key. Visit our blogs to find out what's happening on the barrier islands. We cover all Sarasota lifestyles!

Longboat Key Real Estate Market Update

Below is a brief summary of real estate data for the home and condos market on Longboat Key Florida. Information is current as of November 13, 2008.

October 2008 Data*

Condos
Current Active Listings - 364
Highest priced Listing: $5,000,000
Currently Under Contract - 15
October Sales - 13

Single Family Homes
Current Active Listings - 176
Highest priced Listing: $12,000,000
Currently Under Contract - 14
October Sales - 5

2008 Year to Date Data*

Condos
Highest Sale Price: $3,300,000
Year to Date Sales - 178
Average List price: $921,742
Average Sales price: $819,223 (89%)

Single Family Homes
Highest Sale Price: $5,000,000
Year to Date Sales - 89
Average List price: $1,485,064
Average Sales price: $1,284,913 (88%)

*All data is deemed reliable, but is not guaranteed.

If you have any specific requests for Longboat Key real estate data or statistics, leave a post here or shoot me an email. Our main website allows you to view detailed information and photos of all Longboat Key condos and homes for sale.