Sarasota Market Update - August 2023

Longboat key, FL realtor - August Market Update - Bruce Myer Realtor

 


Longboat Key, FL Real Estate & Homes For Sale
August Market Update - Bruce Myer Realtor

In the last 2 weeks, 3 of my listings have gone under contract.  And multiple Buyers are getting in touch to review the market and consider purchase offers.

We live in a very desirable and active Real Estate market but that’s not to say we are completely bullet-proof against some market normalization.  Current influences in our particular market may be driven more by insurance costs and assessments to stabilizing association reserves, than any national forces.   Sellers are confident because of low inventory which is not even half the pre-Covid inventory numbers. But the unknowns of additional expenses are a factor. Sarasota is still a top destination but Buyers are being more selective wanting renovated residences or those priced appropriately.

 

It’s your choice of who you want to work with.  Choosing an experienced Realtor, knowledgeable in the market will bring you the best results. 

Call me, with over 43 years of selling Real Estate I can help you locate or list your residence in one of the best places to live in the country.

longboat key, homes for sale
August Market Update - Bruce Myer Realtor

MY FEATURED LISTINGS

Longboat Key, FL Real Estate & Homes For Sale
August Market Update

Market Update Newsletter

3590 FAIR OAKS LANE

$2,695,000

Pinnacle of Longboat Key waterfront living in this sprawling 2,957 +/- Queens Harbour waterfront residence with private dock and easy access to Sarasota Bay and beyond.

1045 GULF OF MEXICO DR., #501

$1,425,000

Direct Gulf-front, furnished corner 2BR/2BA residence with an open floor plan. Beachplace offers an excellent rental income program.

7105 GULF OF MEXICO DR., #11

$995,000

Beautifully done 2BR/2BA, furnished corner residence on the first level with easy access to the beach.

435 L’AMBIANCE DR., #K905

$3,995,000

Penthouse 2BR+DEN residence in L’Ambiance, offering more than 2,800 SF of living space ready to be renovated and reinvigorated with your distinct touches.

510 CHIPPING LANE

$1,795,000

Opportunities abound in this 3BR/2BA pool home to realize your complete vision for luxury waterfront living or take advantage of the rental income.

3080 GRAND BAY BLVD., #532

$899,000

2BR/2BA residence with unobstructed views of the Harbourside golf course, mangrove channels, and Sarasota Bay. Expansive outdoor wraparound terrace..

632 MOURNING DOVE DRIVE – BIRD KEY

$2,895,000

Set on a waterfront lot, this property presents a world of possibilities, as you can live, update or rent this existing 3BR/2.5BA pool home ,or create your brand new canal-front estate.

2425 GULF OF MEXICO DR., #6A

NOW PENDING $1,795,000

Stunning furnished 6th floor 2BR/2BA corner residence with direct Gulf views. Sea Gate offers luxurious amenities and conveniently located on the south end of Longboat Key.

3210 BAYOU SOUND

NOW PENDING $1,395,000

One of the best values on Longboat Key. This 3BR/2BA plan has been modified to a 2BR plus office, with the convenience of the laundry area on the same level. 

CLICK HERE TO VIEW ALL BRUCE MYER EXCLUSIVE LISTINGS

BEHIND THE SCENES

I received a call from an out-of-state buyer from California who was interested in purchasing a particular residence on Longboat Key. They had not personally seen the property and called me as a referral, for any insight I might be able to give them. As it happens, I knew this particular property extremely well, and was able to convey some important facts that they were not aware of. We also discussed the type of purchase contracts that we use here locally.  Each time I share knowledge such as this with people, it’s hard not to reflect on how much I enjoy what I do and the fun of making new relationships.

“Just a specific note to you to convey our sincere appreciation and privilege of working with you through the listing and sale of our Beachplace property. We certainly experienced a myriad of challenges throughout our collaborative efforts but the continual expert dialogues, professional acumen, and shared strategies cannot be understated in terms of the value you provided to us at every juncture.

In the end, your efforts and persistence in pursuit of the optimal offer are worthy of recognition and testimonial to your “Top 10” status among Sarasota realtors!  We have been very fortunate for our partnership with you. Please extend our deep appreciation as well to Cynthia Biggar for her ongoing role as our ally throughout the process and to Chase for his camaraderie & support efforts. – Michel & Karen S.

VIDEO CLIPS

TAKE A QUICK TOUR OF A VIEW OF MY LATEST VIDEOS.

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LUXURY PROPERTIES EXCLUSIVE TOUR

BEACHPLACE – LONGBOAT KEY

1045 GULF OF MEXICO DR., #501

LUXURY PROPERTIES EXCLUSIVE TOUR

LONGBEACH – LONGBOAT KEY

7105 GULF OF MEXICO DR., #11

LUXURY PROPERTIES EXCLUSIVE TOUR

GRAND BAY – LONGBOAT KEY

3080 GRAND BAY BLVD., #532

EXPLORING BAY ISLES – LONGBOAT KEY

When the Arvida Corp. drew the master plan for the southern portion of Longboat Key in the mid-1970s, it carved out Bay Isles, a large residential bay side community, at the widest point of the island. Located behind the gates of the Longboat Key Club, its neighborhoods contain more than 1,100 living residences.

It’s the perfect active community for fishing and boating, and golf enthusiasts. The waterfront neighborhoods offer private dockage, and the Longboat Key Club Moorings, a highly regarded marina that separates the northern and southern parts of Bay Isles, has 291 slips for lease or purchase accommodating large sailboats and motor yachts. Bay Isles represents a unique level of taste and luxury on Longboat Key.  

Located behind the two 24/7 manned-security gated entrances are residences of all types: condos, single family homes, townhomes, villas, and gorgeous bayfront estates.  Every homeowner in Bay Isles is eligible for a membership to the Bay Isles Beach Club, an exclusive club offering private beach access on the Gulf of Mexico.  The pavillion provides restrooms, changing areas, picnic & grill space.

Explore Bay Isles videos and more.

LOCAL CURATED CONTENT

Longboat Key Ranks High with Travel & Leisure

Longboat Key continues to impress tourists, recently ranking No. 7 on Travel + Leisure’s list, Best Islands in the Continental U.S. Travel + Leisure’s island rankings are based on five core criteria: natural attractions/beaches, activities/sights, restaurants/food, people/friendliness and value. Readers are sent a survey and asked to rate each category on a scale from excellent to poor. Scores are averaged to obtain the final results. 

Van Wezel Included on ‘Place to Save’ List

The Van Wezel Performing Arts Hall has been included on the Florida Trust of Historic Places 2023 Florida’s 11 to Save, a list of the most threatened historic properties in the state. The initiative highlights endangered sites throughout Florida as nominated by the public and is a step in advocating for their preservation. By the summer of 2025, a new committee will make a recommendation to the city on what to do with the Van Wezel Performing Arts Hall.

Popular Forks & Corks Food and Wine Festival Sets 2024 Dates

It’s not too early to get out your 2024 calendars. Local restaurant association Sarasota-Manatee Originals has announced that the annual Forks & Corks Food and Wine Festival will be held from Jan. 24-29. Tickets will go on sale in October.  The event wasn’t held in 2021 and 2022 because of the pandemic. It moved to April this year, which some festgoers found uncomfortably hot for the outdoor affair. This year’s fest will include University Master Classes on Jan. 27, wine dinners at area restaurants from Jan. 25-28, wine shop tastings from Jan. 25-27 and the Grand Tasting at the Ringling on Jan. 28. For more information about the 2024 Forks & Corks Food and Wine Festival, click here.

CLICK TO VIEW OPPORTUNITIES IN SARASOTA NEW CONSTRUCTION

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WHAT’S MY HOME WORTH

OVER $85 MILLION PENDING AND SOLD IN 2023

OVER $97 MILLION SOLD IN 2022

OVER $134 MILLION SOLD IN 2021

RANKED #8 REALTOR OF OVER 8,300 IN SARASOTA & MANATEE COUNTY – 2022

Longboat Key, Homes For Sale