Canalfront living fine
at The Bayou
Photo courtesy of Coldwell Banker
The canal at The Bayou condominiums in Anna Maria leads
to the Gulf of Mexico,
with a tight squeeze under the Bay Boulevard bridge.
By Louise Bolger
SUN STAFF WRITER
After five years of writing profiles of
various communities on the Island, its fun to go back
and see what the values were at the first writing. One of
the more interesting island communities, and the only condominium
complex in the City of Anna Maria with the exception of a
recent hotel/motel conversion, is called The Bayou. Most island
residents are aware of The Bayou because of its unique status
and enviable location at the end of Pine Avenue right across
from The City Pier, but most people wont believe how
much more theyre selling for now than in the past.
The last time I wrote about The Bayou was in June 2002
three and a half years ago, an eternity when it comes to real
estate. At that time the condos were selling for under $200,000.
The first half of 2002 had two sales, one for $185,000 and
the other for $175,000.
Just to refresh your memory, The Bayou is a medium size condo
complex with 32 units. They have four units in the eight two
-story buildings that were constructed in 1973. Although the
units are on the small side, about 900 square feet including
a patio or balcony, they have water views and boat slips for
boats small enough to slip under the Bay Boulevard bridge
and out to the Gulf. The units are two bedrooms and one bath
with common laundry facilities, assigned parking but not covered,
no elevators, pets not allowed.
As of this writing, 2005 had two closings: $399,900 in June
and $365,000 in February, and there is currently one listed
at $425,000. Not only have the sale prices more than doubled
in three years, but its still hard to get your hands
The Bayou Condos are just one of the islands successful
real estate stories during an era of high appreciation and
fast moving sales. If you purchased a unit in The Bayou three
to five years ago, you made a wise choice. Even if the upcoming
years are witness to a somewhat less insane real estate market,
The Bayou, like all waterfront property, will be in a better
position than most - the next three and a half years should
be VERY interesting.