Inventory Rising in a Still Competitive Market
Any news of improved inventory is good news for home buyers. That’s why recently released numbers from one online real-estate portal are encouraging. The analysis found that active listings have now risen 16% above where they were at their 2021 low. But while inventory has improved, it’s still much lower than normal. And, in July, 89% of homes sold in Sarasota were on the market for less than a month.
Short-term rentals and holiday lets are booming in many destination markets, including Longboat Key. A recent check with AirBnB for random dates of January 2022 through March 31, 2022, reveals one property listed available. Needless to say, this is an excellent opportunity for anyone interested in purchasing an income property, but for snowbirds who may have waited to secure their place this winter, it might be difficult. Make sure to check our list of rental companies on our website. Vacation rental homes offer a great opportunity to create a revenue stream, and for those interested in pursuing this path, please give me a call – I do have a property perfect for you.
MARKET SUMMARY – SINGLE FAMILY HOMES – LONGBOAT KEY Click here for full report.
CONDOMINIUMS / TOWNHOMES – LONGBOAT KEY Click here for full report.
CONDOMINIUMS – DOWNTOWN SARASOTA Click here for full report.
Featured Listings
4BR/4BA/3HB * Protected deepwater dock * $11,995,000
Behold a rare and unparalleled opportunity to own a cherished landmark property in the prized St. Armands division of John Ringling Estates on St. Armands Key. Its prime positioning for privacy and seclusion is complemented by more than 300′ of gorgeous wraparound water frontage and over 11,000 sq. ft. of opulent and painstakingly crafted and designed living space that truly transcends the extraordinary.
2BR/2BA * 1,260 SF * Furnished * $619,000
Delight in spacious living complemented by serene water views in this meticulously kept 2BR furnished residence in the rarely available Portobello community on Longboat Key. A light and bright ambiance greet you upon entry, as diagonally set white ceramic tile floors span the entire floor plan and extend out to the open terrace, where vistas of Crane’s Bayou and Buttonwood Harbor serve as your beautiful backdrop.
1BR/1BA * 643 SF * $625,000
Turney furnished junior suite at Inn on the Beach offering exceptional rental income potential.
3BR/3.5BA • 2,107 SF • $1,895,000
Revel in the romance and beautiful beachfront lifestyle of this 3BR/3.5BA residence in Players Club, a meticulously kept Longboat Key community brimming with resort-style amenities.
3BR/3BA/1HB * 2,107 SF * $2,995,000
Revel in the romance and beautiful beachfront lifestyle of this residence in Players Club, a meticulously kept Longboat Key community brimming with resort-style amenities. This lovingly maintained getaway is perfectly positioned for front row Gulf of Mexico views, where stunning sunsets softly sink beyond an endless horizon of gorgeous aquamarine waters.
