The Anna Maria Island Sun Newspaper

Vol. 10 No. 44 - August 4, 2010


Cayman Cay Villas will fulfill your wish list

Real Estate

The 18 units at Cayman Cay Villas are arranged in two
buildings with a free form heated pool behind them.

If you’re thinking of purchasing a property on Anna Maria Island, chances are you have a wish list of amenities that you would like. You probably want to be near the beach and the Island trolley and have access to a swimming pool. If it’s a second home, a turn-key arrangement would be nice, and, most of all, you want all of this at a bargain price. Welcome to Cayman Cay Villas in Holmes Beach, possibly filling your dream wish list.

Before the run up of the real estate market, second home buyers, investors and retirees were able to buy that little get-away on Anna Maria Island without completely divesting their investment portfolio. Well those times are back, which may not be a good thing for everyone, but is a great thing for those buyers who have been boxed out of the market for a long time.

Cayman Cay Villas is located on Gulf Drive and 43rd Street, practically across the street from the Manatee Public Beach. The 18 condo units were built in 1974 and are arranged in two buildings with units at street level and one above with no elevators. First floor units are a good choice for individuals who need to be able to walk into a residence without negotiating steps. Each building has its own assigned covered parking and storage unit. There is also a free form heated pool and a pool house providing some shade.

The units are a little over 1,000 square feet with two bedrooms, two baths and a screened in porch with interior washers and dryers. Rentals are permitted with weekly rates ranging between $800 to $1,500 and monthly rates between $1,700 to $2,600 based on the season.

In a real estate market which is still in recovery, Cayman Cay has been surprisingly active this year. As of this writing, there have been three closed sales one in March, April and May. The sale prices were $238,000, $239,900 and $242,900. Currently on the market with local brokers are four units with listing prices of $219,900, $229,900, $239,000 and $249,900. Units are both upstairs and downstairs, some furnished and some updated.

With prices historically low and rentals strong on Anna Maria, that little beach get-away is back on a lot of people’s radar screens as both a residence and an investment. If your wish list includes some of what Cayman Cay has to offer, better act soon before word gets out that the beach is still affordable.

Real Estate Transactions
Closed sales between May 3 and May 28, 2010

Anna Maria

103 Beach Ave. Single family $1,300,000
322 Tarpon St. Single family 605,000
213 Palm Ave. Single family 260,000
416 Spring Ave. Lot 200,000

Bradenton Beach

2311 Gulf Dr. N. Duplex $400,000 501 Gulf Dr. #303 Condo 399,000
105 12th St. N. Single family 379,000
2101 Ave. B Single family 370,000
237 17th St. N. Condo 349,000
2305 Ave. B Single family 290,000
1801 Gulf Dr. N. #153 Condo 245,000
1000 Gulf Dr. N. #4 Condo 189,000
2315 Ave C #5 Condo 123,500
2601 Gulf Dr. N. #731 Mobile 99,400


12324 Egret Harbour Way
Single family $345,000
11900 Cortez Rd. W. #66
Resort Condo 114,900

Holmes Beach

215 64th St. Condo $795,000
610 Hampshire Ln. Single family 500,000
102 55th St. Condo 487,500
4300 Gulf Dr. Duplex 467,500
221 North Harbor Dr. Single family 440,000
201 84th St. Single family 305,500
4307 Gulf Dr. #209 Condo 239,900
5400 Gulf Dr. #27 Condo 195,000

Source: Manatee County Property Appraiser’s Office


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