Vol 7 No. 46 - August 8, 2007

Anna Maria Island Club has perfect location
AMISUN Real Estate
The Anna Maria Island Club has a great rental history and a picture-perfect, beachfront location.

By Louise Bolger
sun staff writer

How much can things really change on our little Island in just five years? Well when it comes to real estate, the answer is quite a bit. And although we may not be in the best real estate state of mind right now, when you look back, it doesn’t really look that bad.

In September 2002, when I first wrote about the Anna Maria Island Club at 2600 Gulf Drive in Bradenton Beach, we were still at the beginning of our real estate boom. Units were hard to come by and 2002 had no recorded sales. There were, however, four sales in 2001 between $475,000 and $299,500.

Fast forward to 2007 and you’ll find two on the market listed at $759,000 and $645,000, as well as three sales. One sale closed in April of this year for $775,000, another unit also closed in April for $725,000, and a third unit closed in June for $710,000. These numbers don’t look half bad, except when you compare them to sales in 2005 which went as high as the mid $950,000s.

However the in season weekly and monthly rentals have gone up in five years from $1,500 to $1,750 weekly and $4,500 to $6,000 monthly. This is one of the reasons buyers and investors are drawn to the Anna Maria Island Club. Not only does it have a picture-perfect beachfront location, but it also has a great rental history.

The units are approximately 1,200 square feet with two bedrooms and two baths and are generally sold turnkey furnished. There is a nice open floor plan with a breakfast bar separating the kitchen from the living area, in-unit washers and dryers and, of course, large balconies to take in the mesmerizing views. And if direct beach access to the Gulf isn’t enough to keep you busy, there is also a heated pool and spa just off the beach. Anna Maria Island Club also has assigned covered parking and an elevator to its two levels.

Like all real estate on Anna Maria Island, the Anna Maria Island Club has had its ups and downs. My bet is five years from now, when I’m hopefully writing another update on this complex, the only thing going down will be the magnificent sun.

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