Sarasota Waterfront Condos
Triple threat
Larger waterfront condos pushing $1,000 a square foot
BY DOROTHY STOCKBRIDGE-PRATT
SARASOTA -- Drop-dead views attract home buyers to certain properties, but the prices still have to be competitive.
"Buyers are very savvy today. Realtors have to do the research," said Candy Swick, owner of the real estate company that bears her name. "You need a reality check of price per square foot and new versus old."
Being one of a kind also counts.
A 19th-floor "triple" penthouse of 5,505 square feet, listed for $6.9 million, has raised some eyebrows in the Realtor community. That would be a record sale for the 23-year-old Condominium on the Bay, better known as 888 Boulevard of the Arts, and its sister building, 988. That works out to about $1,250 per square floor for the panoramic views of downtown, Golden Gate Point, Sarasota Bay and the keys beyond, and even a northerly bay view. The water views are unobstructed.
"Nothing compares to this. The views are gorgeous and you have plenty of room for guest and maid/caretaker quarters," said Margie Maltbie of T. Dolly Young Real Estate of Holmes Beach. Her virtual-tour listing boasts of a woodburning fireplace, marble/stone floors, porch/balconies and the 888 amenities of gated security, heated pool and boat facilities.
The curving 888 and 988 buildings were a tough sell in the early 1980s when real estate was sluggish and Bay Plaza also was competing for condominium buyers. The recent hot downtown and waterfront market has changed that.
Read the rest of the article here:
http://www.sarasotaherald.com/apps/pbcs.dll/article?AID=/20050710/REALESTATE/507100484/1201
Larger waterfront condos pushing $1,000 a square foot
BY DOROTHY STOCKBRIDGE-PRATT
SARASOTA -- Drop-dead views attract home buyers to certain properties, but the prices still have to be competitive.
"Buyers are very savvy today. Realtors have to do the research," said Candy Swick, owner of the real estate company that bears her name. "You need a reality check of price per square foot and new versus old."
Being one of a kind also counts.
A 19th-floor "triple" penthouse of 5,505 square feet, listed for $6.9 million, has raised some eyebrows in the Realtor community. That would be a record sale for the 23-year-old Condominium on the Bay, better known as 888 Boulevard of the Arts, and its sister building, 988. That works out to about $1,250 per square floor for the panoramic views of downtown, Golden Gate Point, Sarasota Bay and the keys beyond, and even a northerly bay view. The water views are unobstructed.
"Nothing compares to this. The views are gorgeous and you have plenty of room for guest and maid/caretaker quarters," said Margie Maltbie of T. Dolly Young Real Estate of Holmes Beach. Her virtual-tour listing boasts of a woodburning fireplace, marble/stone floors, porch/balconies and the 888 amenities of gated security, heated pool and boat facilities.
The curving 888 and 988 buildings were a tough sell in the early 1980s when real estate was sluggish and Bay Plaza also was competing for condominium buyers. The recent hot downtown and waterfront market has changed that.
Read the rest of the article here:
http://www.sarasotaherald.com/apps/pbcs.dll/article?AID=/20050710/REALESTATE/507100484/1201
posted by Marc Rasmussen at
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