The Anna Maria Island Sun Newspaper

Vol. 11 No. 36 - June 8, 2011

REAL ESTATE

An island under the radar

If it's possible for almost seven miles of sand to be under the radar of most of the world, then Anna Maria Island is definitely a stealth place. And it doesn't take too much TV time to learn that Anna Maria is a special place with all of the ingredients that make up that perfect pot of stew called paradise.

I've written before about HGTV's show House Hunters International, which takes its viewers all around the world with home buyers. It's both a fascinating and informative journey seeing how people live around the world, but the shows that focus on Americans and Europeans purchasing vacation properties has recently resonated with me.

Most of the time these buyers are looking at properties in Mexico, Central America or on Caribbean Islands, and they almost always want the same things. Homes or condos in good condition with updated kitchens and baths are at the top of their list. Next up are beautiful beaches, clean aqua water and spectacular views. Pricing is all over the place, with condos meeting these criteria in Nicaragua starting around $200,000 and houses in the Caribbean in the millions.

There's no secret that I like to travel and experience other cultures, but if I were buying a vacation property, I think I could live without the unpaved roads of Costa Rica and Belize. And as charming as outdoor markets are, the scarcity of fresh meat and other creature comforts would get old real fast if you were visiting on a regular basis.

I almost hate to bring up the instability of governments in some of these small tropical countries, but the reality is that making a real estate investment is always risky. If our real estate market can fall so drastically, what can happen in less developed countries without a strong central government and resources to bounce back?

Currently on Anna Maria, you can buy homes and condos either on the water or with some type of water view starting at a shade above $200,000. This is, of course, in a safe community in a country which is not likely to be overthrown, with good medical facilities, paved roads, great shopping, public transportation and best of all Publix.

Even getting to Anna Maria is a lot easier and less costly, and our hurricanes have been traditionally less intense then Central America and the Caribbean. The only negative that I am forced to admit is four to six weeks of cool weather during the winter, but if you're coming from Alberta, Canada, Buffalo, New York or Copenhagen, Denmark you'll probably never notice.

As I watch these shows I find myself practically screaming to these poor uninformed buyers, what are you doing, you need to be on Anna Maria Island. Without a doubt the Island has all of the advantages of living in a beachy remote part of the world without any of the disadvantages.

I know there's a lot of anti-development sentiment out there about Anna Maria recently being promoted too much to the rest of the world and the changes that may bring. If you're already here, you may not care what the rest of the world is missing out on, but remember the positive changes to Anna Maria like great restaurants, Pine Avenue and Bridge Street restorations, wonderful boutique shops and more all came about because of demand for those services from recent visitors and residents.

Staying too far under the radar can be bad for business and real estate, but staying just at the right height can balance the old with the new. It's just possible we may have arrived.

Real Estate Transactions
Real Estate Transfers from Apr. 1 to 30, 2011
Sponsored by Alan Galletto Island Real Estate

Sold Date | List Price | Sold Price | Address | Provision | Property Style

Anna Maria

04/01/2011 669,000 645,000 110 Palm Ave 1,225 4 Br/2Ba SFR None
04/04/2011 495,000 460,000 522 Magnolia Ave 1,254 3 Br/2 Ba SFR None
04/07/2011 725,000 680,000 210 Palmetto Ave 2,528 4 Br/4Ba SFR None
04/11/2011 625,000 575,000 748 N Shore Dr 1,100 2 Br/1 Ba SFR None
04/18/2011 774,900 685,000 717 Jacaranda Rd 3,103 5 Br/3 Ba SFR None
04/18/2011 699,000 640,000 320 Tarpon St 2,242 4 Br/3 Ba SFR None
04/21/2011 599,000 550,000 787 Jacaranda Rd 1,777 3 Br/2Ba SFR None
04/22/2011 595,000 540,000 223 Gladiolus St 1,596 3 Br/2Ba SFR None
04/26/2011 495,000 450,000 506 N Bay Blvd 1,512 4 Br/2 Ba, SFR None

Bradenton Beach

04/25/2011 199,000 165,000 111 9th N St 806 2 Br/1 Ba SFR None
04/28/2011 203,000 203,000 102 3rd N St 928 1 Br/1 Ba SFR Short Sale
04/15/2011 128,000 115,000 2501 Gulf N Dr # 103 416 1 Br/1 Ba Com None
04/01/2011 269,000 237,000 2108 Avenue B # A&B 1,100 2 Br/2 Ba Inc None
04/11/2011 175,000 110,000 1003 Gulf S Dr # 1 667 2 BR/2 BA Condo None
04/11/2011 175,000 110,000 1003 Gulf S Dr # 3 667 2 BR/2 BA Condo None
04/12/2011 209,000 206,000 1801 Gulf N Dr # 228 1,080 2 Br/2 Ba Condo None
04/14/2011 285,000 250,000 1801 Gulf N Dr # 174 1,080 2 Br/2 Ba Condo None
04/15/2011 319,000 291,000 236 17th # 236 1,268 2 Br/2 Ba Condo None
04/18/2011 419,900 400,000 501 Gulf N Dr # 403 1,400 2 Br/2.5 Ba Condo None
04/20/2011 237,700 231,200 1301 Bay N Dr # 1a 1,079 2 Br/2 Ba Condo Bank Owned Repo
04/25/2011 189,000 162,500 611 Gulf N Dr # A18 794 2 Br/1 Ba Condo None
04/26/2011 389,900 372,541 109 5th S St # B 1,548 2 Br/2 Ba Condo None
04/28/2011 199,000 185,000 1801 Gulf N Dr # 248 1,080 2 Br/2 Ba Condo None
04/29/2011 149,000 115,000 611 Gulf N Dr # C22 794 2 Br/1 Ba Condo None

Cortez

04/29/2011 849,000 785,000 12410 Baypointe Ter 2,891 3 BR/3 BA SFR None

Holmes Beach

04/04/2011 799,000 727,500 603 Ivanhoe Ln 2,255 3 Br/2 Ba SFR None
04/06/2011 2,390,000 2,000,000 643 Key Royale Dr 5,100 4 Br/4 Ba SFR None
04/08/2011 429,000 385,000 533 69th St 1n739 2 Br/2 Ba SFR None
04/08/2011 314,000 300,000 225 S Harbor Dr 1,236 2 Br/1.5 Ba SFR None
04/11/2011 399,500 350,000 207 72nd St 1,840 3 Br/2 Ba SFR None
04/13/2011 499,900 442,500 614 Gladstone Ln 1,947 3 Br/2 Ba SFR None
04/15/2011 339,000 325,000 6250 Holmes Blvd # 36 1,536 2 Br/2.5 Ba SFR None
04/15/2011 849,000 815,000 130 50th St 2,940 6 Br/3.5 Ba SFR None
04/19/2011 289,900 289,900 19 Seaside Ct 978 2 Br/2 Ba SFR None
04/20/2011 509,000 475,000 214 82nd St 1,536 3 Br/2 Ba SFR None
04/22/2011 469,000 431,000 7203 Gulf Dr 1,108 3 Br/2 Ba SFR None
04/26/2011 669,000 660,000 3103 Avenue E # A 2,200 4 Br/3.5 Ba SFR None
04/26/2011 699,000 675,000 519 74th St 1,879 3 Br/3 Ba SFR None
04/28/2011 435,500 375,000 516 68th St 2,123 4 Br/4 Ba SFR None
04/29/2011 279,000 270,000 21 Seaside Ct 960 2 Br/2 Ba SFR None
04/29/2011 567,500 525,000 228 S Harbor Dr 2,441 3 Br/3 Ba SFR Short Sale
04/29/2011 599,000 590,000 206 56th St # B 2,456 4 Br/3.5 Ba SFR None
04/04/2011 259,000 245,000 6200 Flotilla Dr # 246 1,200 2 Br/2 Ba Condo None
04/15/2011 1,299,900 1,060,000 6404 Gulf Dr # 4 2,181 3 Br/3 Ba Condo None
04/28/2011 229,900 215,000 3607 E Bay Dr # 208 976 2 Br/2 Ba Condo None
04/29/2011 649,900 613,000 2600 Gulf N Dr # 13 1,179 2 Br/2 Ba Condo None
04/29/2011 239,000 200,000 6300 Flotilla Dr # 74 1,212 3 Br/2 Ba Condo None
04/29/2011 399,000 372,500 308 58th St # A 1,984 2 Br/2.5 Ba Condo None
04/29/2011 499,000 419,000 6006 Gulf Dr # 115 1,356 2 Br/2.5 Ba Condo None
04/29/2011 359,000 335,000 2915 Avenue E Ave # 1 722 2 Br/2 Ba Condo None

 

Source: Manatee County Property Appraiser’s Office


AMISUN ~ The Island's Award-Winning Newspaper