Back in January I wrote about a nice one bedroom condo at Bay Tree on Siesta Key that had been foreclosed and was available for only $175,000.  That was a great deal so it was not surprising that it was purchased by one of the readers of this blog.  Now that the deal has closed and the condo has undergone some interior upgrades it is available for rent on an annual basis for only $900.00 per month. This rental is in a beach-to-bay condominium so it offers direct beach access as well as direct bay access and a boat dock.  If the Siesta Key lifestyle is for you, give us a call at 941-650-4626.

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We just listed a large two bedroom unit with a garage. Garages are hard to come by at Serenade so if you are looking for a nice condo with garage give us a call at 941-650-4636, right away. This unit is available on November 1st for an annual lease at $1,200 per month.  Click here for more information about this rental.

• www.serenadecondominiums.com
• www.palmerranchcondominiums.com

Currently there are 10 units for sale at an average price of $133,280.  Prices range from $54,900 to $189,900.  There are 11 pending sales at this time and so far this year 16 sales have closed at an average of $66.92 per squre foot or $73,009.  For sales or leasing call 941-650-4626 or click here to request additional information.

• www.palmerranchcondominiums.com/ourservices

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• Palmer Ranch Area Rentals
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We just leased two condos in Serenade on Palmer Ranch and had the tenants moved in within 8 days of listing the properties.

• www.palmerranchcondominiums.com
• www.serenadecondominiums.com

Beginning August 1st, we will have a nice two bedroom two bath condo at Serenade on Palmer Ranch available for annual lease. This condo features a spacious screened patio and washer & dryer. Serenade on Palmer Ranch has many amenities including a gated entry, two pools, tennis courts, fitness center and club house.  This rental is available for $900.00 monthly.

• Click here to more information and to view pictures of this property.

We do not have to look very far for evidence that the Sarasota Market is recovering.  At Admirals Walk Condominiums there are 12 units for sale out of 249 total units. The big news is that while only 24 units were sold in the last 18 months currently 18 units are under contract and waiting to close escrow. This condominium like many others began as a apartment community and was later converted to condominiums. After 2005 many of these condominiums saw a rapid decline in value which was mainly due to foreclosures from investors who purchased with the sole intent of reselling after closing. 

After 2005, many investors having purchased with little or no money down simply walked away from properties when they found that there were no longer buyers willing  to pay more than they had.   The resulting rash of foreclosures drove prices down to the current levels which are very attractive.  Right now there is a three bedroom unit with an asking price of $83,000.  The owner paid $235,000 for the same unit in 2005.  There are other deals like this but they are selling fast.  At prices like this, these condos make good rental income properties.  Our firm routinely handles the leasing and management of properties like these.

• Call 941-650-4626 for more information.

A few weeks ago this condo was the best deal available for purchase on Longboat Key.   One of my clients just purchased and closed on this fantastic beachfront condo and now intends to rent it out on an annual basis. This wonderful one bedroom condominium is directly on the beach on Longboat Key at Longboat Harbour Tower.  It has amazing views of the beach and the Gulf of Mexico. The view can be seen in the video above. This unfurnished rental has a newly updated kitchen, new carpet and fresh paint. Longboat Harbour Tower has many amenities including a pool. Available April 1st at $1,400 per month.  Call 941-650-4626 for more information.

• Click here for inquiries and to view pictures.