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A THREE-BEDROOM CONDOMINIUM at 532 Beach Road, right on world-famous Siesta Key Beach, sold in August for $2.5 million after an original list price of $2.95 million, making it the highest-priced sale of the month. Built in 2007, it has 4,273 square feet of well-appointed living space in a building with just two other units. William Hackett and Michael Hays were the listing agents, and Karen Chandler was the selling agent; all are with Michael Saunders & Company. Sales information provided by Kim Ogilvie of Michael Saunders & Company.

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MORE NATIONAL ACCLAIM

Just in time for the opening of The Concession Golf Club's new clubhouse with its much-anticipated restaurant run by Beach Bistro maestro Sean Murphy: Golf magazine named the Jack Nicklaus-Tony Jacklin designed course to its 2009 ranking of Top 100 golf courses in the country. Golf Digest also ranked The Concession Golf Club in its 75 Best Practice Areas last spring, and Golfweek named it in its Top 10 residential golf courses in the U.S.

MARKET WATCH

Properties are starting to move on Casey Key, if the price is right, say real estate experts. In September Charlotte Hedge of Signature Sotheby's International Realty sold a three-bedroom Gulf-front home at 805 Casey Key Road for $1.7 million to a New England couple who'd been looking on the key for more than three years.

"Some prices didn't make sense until this January," says Hedge. "That's when he said, 'I don't want to miss the market.'" The home was built in 1949 and updated over the years. Her clients will demolish the garage and build a new one with upstairs guest suite. Signature Sotheby's agents sold two other Casey Key homes this year: Joel Schemmel sold the "Sugar Bay Estate" at 1538 Casey Key Road for $6.2 million in late July, and in August Maureen and Matt Morris sold a home with a rare boathouse at 1512 Casey Key Road for $2.3 million. Those buyers had been looking here for two years.

GREAT VALUE

Potential homebuyers aren't surprised that U.S. News and World Report last summer named Sarasota one of America's "10 Best Undervalued Places to Live," and reported that our real estate market is undervalued by 28 percent. Here's proof: a ninth-floor luxury condominium in Beau Ciel that's listed at $975,000 by Barbara Ackerman of Coldwell Banker Residential Real Estate.

The two-bedroom, 2,335-square-foot home, owned by a prominent Sarasota socialite, has magnificent views looking out over G.WIZ and up Sarasota Bay. "It's got custom everything," Ackerman says, with loads of built-ins and decorator touches. "The drama starts the minute you get out of the elevator." The condo started out at "way over a million dollars," she says, "and now it's listed at $975,000." That made it, at press time, the least expensive apartment on the market in Beau Ciel.
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Title Annotation:luxury homefront
Author:Denton, Ilene
Publication:Sarasota Magazine
Date:Nov 1, 2009
Words:481
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