The Anna Maria Island Sun Newspaper


Vol. 16 No. 25 - April 20, 2016

REAL ESTATE

Water is what it's all about

 

I recently learned a new word "Uehvtkv" which means ocean in the language spoken by the Seminole Native Americans of Florida. It seems that wherever we go on Anna Maria we're surrounded by the ocean. Something that I recently appreciated while showing a group of young women new to the area around Anna Maria Island. They were as impressed by the water as the Seminoles, and just like the Seminoles, getting as close to the water as possible is where everyone wants to be, and the closer to the water the more expensive. Therefore, here is my five-month analysis of Anna Maria Island and Cortez properties that sold for one million or more.

The following statistics are from the Manatee County Property Appraiser's website and include sales between Nov. 1, 2015, through March 31, 2016, that are recorded as $900,000 and over. I generally include sales between $900,000 and one million since many of them are so close to the million dollar criteria that I feel they should be noted.

For the five months researched Cortez did not have any one million dollar sales, but did close a property at $965,000. The last time I looked at million dollar sales was for the four months between July and October of last year, and at that time Cortez did not have any $900,000 or over sales.

The city of Anna Maria on the other had had 14 million or over sales ranging from $4,100,000 to $1,100,000 for the five months researched. In addition there were five sales between $900,000 and one million. From July through October of last year there were only three one million or over sales and nine over $900,000.

Holmes Beach and Bradenton Beach between Nov. 1, 2015, and March 31, 2016, had 10 million dollar or over sales with a high of $3,000,000 and a low of $1,000,000. In addition, there were three sales between $900,000 and a million. For the four months between July and October last year, these cities had nine one million or over sales and four over $900,000.

As you can see, our million and over sales are still chugging along in an upward motion. Some of the increase in sales is driven by the season, but it's still clear that we continue to experience sustainable appreciation. The sales include every type of property, single family, condo, land, multi-family and duplexes. Most were waterfront or water view, but many were not.

On another note, as I was looking at the numbers, I couldn't help but notice where some of the buyers in these upper price ranges were coming from. With the exception of two sales from United Kingdom buyers, all of the sales were from other states and surprisingly few from Florida. Some of the states represented were New Hampshire, Illinois, Indiana, New York, Missouri Minnesota, Georgia, North Carolina, Washington, D.C., New Jersey, Massachusetts and Wisconsin. There was no predominance of buyers from any one state and no buyers from Canada – somewhat surprising.

As our merry little group drove up and down the Island streets I realized I was seeing the Island through their eyes, they made me better understand the lure of the water and the special quality of Anna Maria. So thanks to the ladies of the Nutmeg State, who fell in love with our little island, who went home with T-shirts, AMI bracelets and memories, all while reminding me of how powerful the ocean (Uehvtkv) is.

Real Estate Transactions
Real estate transfers of January-February 2016

Sponsored by Alan Galletto Island Real Estate

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

Anna Maria

2016-03-10 599,000 575,000 705 N Bay Blvd 911 50x100 2 Br/2 Ba SFR
2016-03-03 630,000 600,000 506 N Bay Blvd 1621 4 Br/2 Ba SFR
2016-03-15 699,000 610,000 318 Magnolia Ave 1440 3 Br/2 Ba SFR
2016-03-31 699,000 620,000 238 Oak Ave 1420 75x149.56 2 Br/2 Ba SFR
2016-03-23 774,900 765,000 307 Hardin Ave 1360 75x139 3 Br/2 Ba SFR
2016-03-31 1,149,900 985,000 727 Jacaranda Rd 2055 3 Br/2.5 Ba SFR
2016-03-21 1,195,000 1,100,000 214 Lakeview Dr 3181 100x1473 Br/3 Ba SFR
2016-03-04 2,190,000 2,050,000 812 S Bay Blvd 2150 75x145 3 Br/2 Ba SFR
2016-03-11 509,000 465,000 520 Kumquat Dr 75x141 SFR Use
2016-03-09 269,900 260,000 522 Pine Ave #4a 822 2 Br/1Ba Condo

Bradenton Beach

2016-03-21 749,000 685,000 2501 Avenue B 1728 50x100 3 Br/2 Ba SFR
2016-03-01 485,000 485,000 2414 Avenue 1788 50x100 Condo
2016-03-23 275,000 250,000 1325 Gulf Dr N #231 675 2 Br/1Ba Condo
2016-03-15 249,500 217,000 2412 Gulf Dr N #120 432 1 Br/1Ba Condo
2016-03-31 649,900 635,000 1900 Gulf Dr N #4 1212 3 Br/2 Ba Condo

Cortez

2016-03-11 129,900 105,000 12305 Baypointe Ter Irregular SFR Use
2016-03-08 705,000 705,000 4110 Marina Ct#4110 2307 3 Br/2 Ba Condo
2016-03-30 799,995 790,000 4130 Marina Ct #511 2594 3 Br/2 Ba Condo
2016-03-07 399,000 400,250 2703 Gulf Dr 1100 2 Br/1.5 Ba SFR
2016-03-25 474,000 465,000 2903 Gulf Dr 1402 3 Br/2 Ba SFR, REO/Bank Owned
2016-03-18 669,900 600,000 501 68th St 2044 3 Br/2.5 Ba SFR
2016-03-29 699,000 681,500 310 61st St #B 2114 45x101 3 Br/2.5 Ba SFR
2016-03-14 719,000 700,000 520 56th St 2452 3 Br/3 Ba SFR
2016-03-21 749,000 710,000 610 Emerald Ln 1969 3 Br/2 Ba SFR
2016-03-08 1,100,000 965,000 108 72nd St 2330 3 Br/2.5 Ba SFR
2016-03-31 1,499,900 1,275,000 103 75th St 2737 4 Br/4 Ba SFR
2016-03-30 1,750,000 1,625,000 697 Key Royale Dr 4584 100x150 5 Br/4.5 Ba SFR
2016-03-04 3,000,000 3,000,000 202 35th St 3224 100x100 4 Br/4 Ba SFR
2016-03-21 479,000 481,000 308 65th St #A&B 1458 99x94 Duplex
2016-03-31 1,190,000 1,040,000 104 29th St #3 2474 55x100 Triplex
2016-03-07 469,000 445,000 5405 Gulf Dr #B 1080 2 Br/2 Ba Half Duplex
2016-03-16 224,700 220,000 3805 E Bay Dr #301 917 1 Br/1Ba Condo
2016-03-28 499,000 499,000 6250 Holmes Blvd#62 1536 3 Br/2.5 Ba Condo
2016-03-04 749,000 719,000 6935 Holmes Blvd 1490 3 Br/2 Ba Condo
2016-03-31 350,000 350,000 458 63rd St 1248 2 Br/2 Ba Villa

Source: Mid Florida Multiple Listing Service


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