Martinique condos are totally turnkey
By Louise Bolger
sun staff writer
In the eastern Caribbean Sea, there is an island called Martinique.
The official language is French and the Euro is the form of
currency. On Anna Maria Island on the Gulf coast of Florida
is another Martinique. Its official language is English
and the dollar is itsform of currency. And best of all, the
views from Anna Marias Martinique are sensational, and
you dont have to go through airport security to get
Martinique North and South condominiums are comprised of two
high rise buildings, the only ones on the Island, and are
located at 5200 and 5300 Gulf Drive in Holmes Beach. The buildings
date back to the early 1970s, and are located directly on
the Gulf of Mexico with a variety of water views based on
The apartments vary in size ranging from 800 to 1,300 square
feet and can be either one, two or three bedrooms. Unit owners
are assigned parking in either a one or two car garage or
a carport. Amenities include tennis courts, heated pools,
clubhouse, screened balconies, secured lobbies with phone
entry and elevators.
When I first wrote about the Martinique condos in August of
2001, units were listing between $210,000 and $359,000 with
sales as low as $135,000. As of this writing, there are 10
listings ranging from $599,000 to $899,000, priced according
to size, location and condition. In addition, because of todays
unpredictable real estate market, some of the units for sale
have very attractive buyer incentives attached to them including
cash bonuses and vacation packages.
Sales during 2006 were practically non-existent. One was recorded
in Martinique South in May for $509,900 and another in Martinique
North in April for $650,000, both were two bedroom, two bath.
This year has no recorded sales to date.
Nevertheless, Martinique continues to be a great place to
live, especially for snowbirds. It is totally turnkey, so
when you leave for the season, you lock the door and go. Units
are frequently sold furnished with fully supplied kitchens,
also a nice feature for part time residents. In addition,
if youre an investor, buying in an oversupplied market
affords many opportunities, especially for beachfront property.
Since the Martinique buildings were constructed, the city
of Holmes Beach has instituted height restrictions. If you
like the idea of living in a tall building and the views from
the top, Martinique is your only choice on Anna Maria Island.
It may not be in the Caribbean, but you can bet dollars against
Euros youll feel like you are.