The Anna Maria Island Sun Newspaper

Vol. 11 No. 36 - June 22, 2011

REAL ESTATE

High end villas at bargain prices

Real Estate

SUN PHOTO/LOUISE BOLGER
The Villas at Holmes Beach offer seclusion
and Tampa Bay frontage.

If you've ever wondered what's going on behind the gates that are tucked away between the water and the curve on Gulf Drive in Holmes Beach at 52nd Street, I can tell you there is both a lot and a little.

There's a lot because the Villas of Holmes Beach Condominiums are beautiful town home villas built in a Tuscan style which sit at the edge of Tampa Bay, some with spectacular views to the Skyway Bridge. There's a little because the complex which was completed in 2006 has fallen victim of the real estate and financial crises.

The boutique condominium complex was designed as a small upscale gated community, the only one on Anna Maria, with deeded boat docks, many with boat lifts. There is a heated community pool, elevators and two-car garages. The units themselves are between 2,600 and 3,100 square feet with upscale finishes, crown molding, hurricane glass, three or four bedrooms, three baths and several balconies, truly an exclusive enclave.

The original sales prices in the summer of 2006 ranged from $2,300,000 to $1,750,000, and based on the Manatee County records it appears that three units may still be owned by the developer.

Unfortunately, as of this writing, there are four units on the market with listing prices ranging from $599,000 to $1,295,000, two of the units being advertised as short sales.

As sad as it is to see this happen and to have original buyers and their lenders losing so much money, this can be a fabulous buying opportunity for the right buyer. High end properties sold at the top of the real estate market have taken the biggest fall, but good waterfront especially with boat docks are still valuable and will be even more so in the future.

Most of the real estate community agrees that Anna Maria Island real estate is at or near the bottom. Buying distressed properties can be a once in a lifetime occasion to be approached with a lot of caution. Realtor.com will give you more information on the Villas of Holmes Beach.

Oh how the mighty have fallen; maybe, maybe not. We'll all be mighty again, and that day is just around the corner.

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


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