Vol 7 No. 6 - November 1, 2006

An island within an island at North Point Harbour

This house is available for sale in North Point Harbour at the end of Key Royale Drive.
By Louise Bolger
sun staff writer

I’ve always thought Anna Maria Island has it all. You can live in everything from a modest beach bungalow with less than 1,000 square feet to a mini estate with thousands of square feet. You can be situated on the Gulf of Mexico, Sarasota Bay, endless canals or be tucked away on a peaceful side street. Or you can live at the very end of an island within an island – North Point Harbour at the end of Key Royale in Holmes Beach.

North Point Harbour is a small homeowners’ association of about 40 homes on North Point Drive and the northern section of Key Royale Drive. Some properties are facing Tampa Bay with spectacular views of the Skyway Bridge, some are fronting Bimini Bay and some are on protected canals. Docks and boat lifts are common in most of the properties.

Ownership includes membership in the North Point Harbour Club’s pool and tennis court, and the Key Royale Golf Club is just down the street with its ninehole executive course. Membership in the golf club is separate and members must be sponsored.

When I first wrote about North Point Harbour almost six years ago, homes were starting in the mid $400,000s and had not yet reach the $1 million mark. Today there are two homes on the market both on North Point Drive. One is listed at $1,679,000, a newer two level home on a canal and the other is listed at $1,300,000, a one-story home with views of Bimini Bay.

So far this year there have been two sales, both in September, both on canals and both on North Point Drive. One closed at $950,000 and the other at $825,000. The home that closed for $825,000 previously sold in 2003 for $715,000, and the home that closed for $950,000 previously sold in 1993 for $300,000. Based on these numbers, even though we are currently living through an adjusting real estate market, it’s safe to say that purchasing a home in North Point Harbour will continue to be a good investment.

Anna Maria will always be a work in progress accepting and accommodating a variety of lifestyles. North Point Harbour will appeal to buyers who are looking for a consistent waterfront neighborhood with access to the charm and inconsistencies that make Anna Maria unique. No matter where on the island you choose to live, your choice will be the right one. Where else would you want to be?

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