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Sarasota Real Estate Blog

For those of you not up to speed on the "" controversy, I will do a quick synopsis. There is a buzz all over the real estate community on the Internet about the dispute between the Sarasota Association of Realtors (SAR) and Marc Rasmussen. Marc is a member of SAR and has been using the domain name "" since August of 2003.

This year the SAR decided to go after Marc's domain because in their view he was not "the" Sarasota MLS. They recently won a split decision with the Internet Corporation for Assigned Names and Numbers (ICANN). The ICANN Decision was a majority decision and it went against Marc. It was ordered that the ownership of the domain be transferred to the Sarasota Association of Realtors.

What is the Big

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Warren Buffet is buying. Of course we are referring to stocks, not real estate. However, I could not help but think of the Sarasota real estate market when I read his recent quote about his investment strategy.

"A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful.  And most certainly, fear is now widespread, gripping even seasoned investors." - Warren Buffet

It reminds me of the old saying - "The rich sell when everyone else is buying and buy when everyone is selling."

The real estate market will rebound eventually. Right now there are tremendous values out there. Financially strong buyers can take advantage of the housing turmoil. The keys to finding the best deal are patience and flexibility.

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We just listed this beautiful two bedroom, two bath Siesta Key condo for sale at 6008 Peppertree Way. This townhouse is located right next to the pool and beach.

We value priced the unit at $599,000. Back in 2005, this same exact unit was priced at $965,000.

This ground floor unit features a private garage and is completely updated with new tile, paint, crown molding and Tommy Bahama style furnishings.

Call us today at 941-544-6467 for a tour of Peppertree on the beautiful white sand beaches of Siesta Key Florida.

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The owners of 16103 Clearlake Blvd in the exclusive Lake Club have just reduced their asking price to $1,349,000. It is now the lowest priced home currently available in the neighborhood.

 Call us at 941-544-6467 for a tour of this home or other availble listings in The Lake Club at Lakewood Ranch.

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In case you have not heard yet, today congress passed the $700 billion plus bailout of mortgage giants Freddie Mac and Fannie Mae. The bill is designed to bolster the struggling economy and open up the credit markets.

Warren Buffett was quoted today as sating the bailout will "not solve all our problems, but it will help." The truth is that no one know for sure if this will work, but we had to do something to help loosen the credit markets.

The question many locals are wondering is how this will affect the Sarasota real estate market. It will probably be many months before we see significant improvement. The US Treasury will now have the ability to help slow down the rate of foreclosures. The bill is a step in the right direction. According to Mark

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We recently listed 16103 Clearlake Avenue for sale for $1,499,000. The owners are including a $50,000 interior design credit at closing. The listing price is over $500,000 off of the original pricing.

This Pruett Builders custom residence offers great indoor-outdoor living and is constructed with the highest attention to quality. Nestled amidst 1500 acres of pristine landscaping, scenic lakes, 100 miles of trails and sidewalks, protected green areas and lushly appointed parks, The Lake Club is located in the heart of Lakewood Ranch. Just completed construction.

Contact us today at 941-544-6467 to schedule a tour of this home and other Lake Club at Lakewood Ranch properties for sale.

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An anoymous Russian billionaire contracted last month to purchase a spectacular French Villa for $750 million according to Fox News. Villa Léopolda is located in Cote d'Azur in the French Riviera. The estate requires 50 full time gardeners just to look after the grounds. The seller is Lily Safra, widow of billionaire Edmund Safra who was killed by an arsonist's fire in his Monaco apartment in 2003. The sale will shatter the previous record of $236 million paid for an home in London.

While Sarasota does not have any properties in the hundreds of millions, there are several spectacular estates currently listed for sale.

712 N Casey Key Road  - Located on Casey Key, this home stretches from the Gulf to the Bay and is listed for $18.5M.

3410 Flamingo

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We will be updating this blog on a regular basis with real estate news, sales, inventory and other relevant statistics. We will als offer commentary and opinions on where the real estate market is headed. Check back often and feel free to comment or request specific information.
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