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Vol 5 No. 28- March 30, 2005

Westbay Point & Moorings: older can be better

By Louise Bolger

The next time you drive over the bridge taking you out to Key Royale, glance to your right and behold Westbay Point & Moorings wrapping around the point overlooking Tampa Bay.

Westbay Point, like its sister complex Westbay Cove, has been around a long time. Built in 1978 and 1979 along Flotilla Drive, tucked behind Holmes Beach City Hall, it’s an easy complex to forget about. But if you like being on the water, love great water views and sunsets and are interested in having a boat dock, you may want to take a look at one of the Island’s institutions.

Westbay Point & Moorings have both two and three bedroom floor plans. The almost 100 units are built on grade and one up with lanais on canals or the bay. There is a heated pool with a spa, and tennis courts; rentals are permitted for a minimum of one month.

However, with commercial mariners disappearing practically on a daily basis, available boat slips at Westbay Point may be the real draw. Some units already have slips assigned and deeded, but slips may be available for those units that do not have this prior arrangement.

Since the beginning of 2005, there have been three sales: $395,000, $460,000 and $535,000. As of this writing, there were three on the market with listing prices of $485,000, $525,000 and $545,000 (a three-bedroom, two-bath with a boat slip).

All enviable numbers based on some of the new construction on the Island and Gulffront resales. Maintenance fees are under $1,000 a quarter, and pets are permitted.

It’s easy to be overwhelmed with all the new condos and homes being built on the Island and forget about our vintage complexes, some of which occupy the best pieces of land. So show a little respect for your elders – I promise you won’t be disappointed.


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