The big story in island real estate sales in May 2004 was an explosion in the market for condominiums, with closings on 19 condos generating $7,390,000 in sales. In comparison, May 2003 saw the sale of 11 condos for a total of $3,481,000.

The more than doubling of condo sales revenue this year was fueled by the sale of eight condos at The Alamanda Villa, 102 39th Street, Holmes Beach. Negotiated by Barry Gould and Ted Schlegel of Island Vacation Properties, these eight sales produced $2.6 million in revenue for Alamanda owners Gregg and Truusje Mitchell. That $2.6 million represents 35% of all of the condos sold on Anna Maria Island in May 2004.

May 2004 also was the year of the $1 million+ condo. While the highest sale in May 2003 was $975,000 for a property at 720 Key Royale Drive in the North Point Harbour subdivision, May 2004 saw three sales that exceeded $1 million. These elite properties were led by 101 Sunset Lane, which brought $1,630,000; 402 South Bay Blvd. in Wells Bay Harbour, $1,250,000; and 542 67th St., Bay Palms, which fetched $1,070,000.

The “Island Condominiums Sold May 1-31, 2004″ section of this newsletter provides data on all 19 condo closings.

Take a quick look at single family residence sales in May 2003 and May 2004 and you’ll see a similarity–14 residences were sold in May 2004, close to the 13 that closed in May 2003.

That’s where the similarity ends, however, since the 13 sales consummated this year generated $9,108,600 versus $7,196,700 in May 2003, an increase of 26% in total revenue generated.

The “Single Family Residences Sold May 1-31″ section of this newsletter provides complete details of all May 2004 sales in this category.

In both May 2004 and May 2003, four duplexes were sold. Spurred by an $865,000 sale at 214 Fir Ave. in 2003, the four sales totaled $1,851,000. May 2004 duplex sales, led by a $650,000 closing at 108 77th St., Holmes Beach, came to $1,790.000.

The “Island Duplexes Sold May 1-31 2004″ section of this newsletter provides additional information on these sales.

In addition, this issue contains a section on the emergence of Island Vacation Properties as a leader in property sales on the island, as manifested by its May 2004 sales of $5,294,400. In addition, IVP’s current active listings total $8,155,000 while pending IVP sales are at $6,272,000.

Island Condominiums Sold May 1-13, 2004

3705 East Bay Drive #104, Holmes Beach, 2BR/2BA, partial bay view, heated pool, attached carport. Built 1980…$275,000.

3803 East Bay Drive DR5A, Holmes Beach, 3BR/3BA, water view, heated pool, attached carport. Built 1977…$325,000.

6500 Flotilla Drive #215, Holmes Beach, 2BR/2BA, canal view, heated pool, attached carport. Built 1979…$315,000.

4255 Gulf Drive DR217, Holmes Beach, 2BR/2BA, heated pool, attached carport. Built

1977…$325,000.

102 39th St. #2, Holmes Beach, 1BR/1BA, no pool, open parking. Built 1981…$305,000.

102 39th St. #7, Holmes Beach, 1BR/1BA, partial gulf view, no pool, open parking. Built 1981…$310,000.

102 39th St. #3, Holmes Beach, 1BR/1BA, no pool, open parking. Built 1981…$320,000.

102 39th St. #6, Holmes Beach, 1BR/1BA, no pool, open parking. Built 1981…$320,000.

102 39th St. #4, Holmes Beach, 1BR/1BA, no pool, open parking. Built 1981…$325,000.

102 39th St. #1, Holmes Beach, 1BR/1BA, full gulf view, no pool, open parking. Built 1981…$335,000.

108 39th St. #8, Holmes Beach, 1BR/1BA, full gulf view, no pool, open parking. Built 1981…$340,000.

108 39th St. #5, Holmes Beach, 1BR/1BA, full gulf view, no pool, open parking. Built 1981…$345,000.

6250 Holmes Blvd. #68, Holmes Beach, 3BR/2.5BA, wooded view, heated pool, attached garage. Built 1991…$420,000.

3810 6th Ave. #3810, Holmes Beach, 3BR/2BA, heated pool, attached garage. Built 2001…$437,500.

3818 6th Ave. #3816, Holmes Beach, 3BR/2BA, heated pool, attached garage. Built 2001…$437,500.

3708 Gulf Drive #6, Holmes Beach, 3BR/2BA, full gulf view, heated pool, attached carport. Built 1991…$980,000.

2312 Avenue C #4, Bradenton Beach, 2BR/1BA, pool, no covered parking. Built 1979…$195,000.

601 Gulf Drive #205, Bradenton Beach, 2BR/2BA, partial gulf view, heated pool, attached carport. Built 1986…$355,000.

1419 Gulf Drive #9, Bradenton Beach, 3BR/2.5BA, partial gulf view, heated pool, attached garage. Built 1999…$725,000.

Single Family Residences Sold May 1-31, 2004.

806 Jacaranda Rd., Anna Maria, 3BR/2BA, no pool, garage, 1/2 acre lot. Built 1951…$460,000.

118 Hammock Rd., Anna Maria, 2/3BR/2BA, no pool, detached carport. Built 1965…$485,000.

428 Magnolia Ave., Anna Maria, 2/3BR/2BA, no pool, attached carport. Built 1965…$475,000.

805 North Bay Blvd., Anna Maria, 2BR/2BA, no pool, attached garage. Built 1989…$547,500.

402 South Bay Blvd., Anna Maria, 3BR/2BA, no pool, attached garage. Built 1953…$1,250,000.

101 Sunset Lane, Anna Maria, 3/4BR/2.5BA, no pool, attached garage. Built 2002…$1,630,000.

445 62nd St., Holmes Beach, 1BR/1BA, no pool, no covered parking. Built 1968…$161,000.

2906 Gulf Drive, Holmes Beach, 2BR/1BA, no pool, attached carport plus drive space. Built 1952…$314,500.

210 58th St., Holmes Beach, 4BR/2BA, no pool, no covered parking/drive space. Built 1949…$460,000.

202 78th St. & Gulf Drive, Holmes Beach, 3BR/2BA, no pool, attached garage plus drive space. Built 1991…$500,000.

5619 Gulf Drive, Holmes Beach, 2BR/1.5BA, no pool, attached garage plus circle parking. Built 1960…$523,000.

5 Palm Harbor Drive, Holmes Beach, 3BR/2BA, no pool, attached garage plus drive space. Built 2001…$634,000.

542 67th St., Holmes Beach, 3BR/2.5BA, caged inground pool, attached garage plus drive space. Built 1972…$1,070,000.

9923 Spoonbill Rd., Flamingo Cay subdivision, 3BR/2BA, bayfront, private dock, attached garage. Built 1963…$598,000.

Island Duplexes Sold May 1-31, 2004

505 Spring Ave., Anna Maria, 1BR/1BA + 1 BR/1BA, no pool, garage, 1/2 acre lot. Built 1979…$450,000.

8106 Gulf Drive, Holmes Beach, 2BR/2BA + 2BR/2BA, no pool, garage, 56′ X 114′ lot. Built 1980…$395,000.

108 77th St., Holmes Beach, 2BR/1BA + 1BR/1BA, no pool, garage, 80′ X 64′ lot. Built 1953…$650,000.

2108 Avenue B, Bradenton Beach, 1BR/1BA + 1BR/1BA, no pool, 1/2 acre lot. Built 1063…$295,000.

FYI: Island Vacation Properties has QUIETLY become a leader in property sales on Anna Maria Island, as shown by the next three sections:

MAY 2004 IVP SALES: $5,294,400

CURRENT IVP ACTIVE LISTINGS: $8,155,000

PENDING IVP SALES: $6,272,000

Island Vacation Properties Sales May 2004

3708 Gulf Drive #6, Holmes Beach, 3BR/2BA, full gulf view, heated pool, attached carport. Built 1991…$980,000.

102 39th St. #2, Holmes Beach, 1BR/1BA, no pool, open parking. Built 1981…$305,000.

102 39th St. #7, Holmes Beach, 1BR/1BA, no pool, open parking. Built 1981…$310,000.

102 39th St. #3, Holmes Beach, 1BR/1BA, no pool, open parking. Built 1981…$320,000.

102 39th St. #6, Holmes Beach, 1BR/1BA, no pool, open parking. Built 1981…$320,000.

102 39th St. #4, Holmes Beach, 1BR/1BA, full gulf view, no pool, open parking. Built 1981…$325,000.

102 39th St. #1, Holmes Beach, 1BR/1BA, full gulf view, no pool, open parking. Built 1981…$335,000.

102 39th St. #8, Holmes Beach, 1BR/1BA, full gulf view, no pool, open parking. Built 1981…$340,000.

102 39th St. #5, Holmes Beach, 1BR/1BA, full gulf view, no pool, open parking. Built 1981…$345,000.

9923 Spoonbill Rd., Flamingo Cay subdivision, 3BR/2BA, bayfront, private dock, attached garage. Built 1963…$598,000.

3803 East Bay Drive 5A, Sunbow Bay, Holmes Beach, 3BR/3BA, community heated pool. Built 1977…$325,000.

2312 Avenue C #4, Bradenton Beach, 2BR/1BA, pool, no covered parking. Built 1979…$195,000.

112 New Briton Court, Heritage Harbour, Bradenton, golf course community. Built: 2003…$287,400.

344 Heritage Isles Way, Heritage Harbour, Bradenton, 3BR/2BA with den, two car garage. Built: 2004…$309,000.

Island Vacation Properties Active Listings June 2004

100, 102, 104, 106,108 36th St., Holmes Beach. Five home beachfront compound: two 3BR/2BA duplexes; two 2BR/1BA cottages plus 3BR/2BA ground level beach house. Heated pool, 33,000 sq. ft. lot. List price: $4,600,000. (Barry Gould)

516 58th St., Holmes Beach, 3BR/2BA, completely refurbished, two car garage, pool, on canal, $649,000. (Ted Schlegel)

101 S 7th St., Bradenton Beach, 2BR/2BA-2BR/1BA duplex, full gulf view, two car garage, $795,000. (Ted Schlegel)

202 Lakeview Drive, Anna Maria, 2BR/2BA, two car garage (room for four cars), on canal, corner lot, $612,000. (Mel Neely)

3003 Avenue C, Bradenton Beach, 2-3BR/2BA, completely renovated, dead end street, 1.5 blocks from beach, one car garage, bonus storage room, closed-in sun room, $425,000. (Mel Neely)

2907 Avenue B, Bradenton Beach, 3BR/2BA, dead end street, elevated home overlooking nature preserves, bay view possible with top story addition, $375,000. (Mel Neely)

2801 Gulf Drive, Bradenton Beach, 3BR/2BA, partial gulf view, corner lot, two car attached garage, heated inground pool, $699,000. (Ed Kirn)

Island Vacation Properties Pending sales (as of June 1, 2004)

Beach House Resort, 1000 Gulf Drive, Bradenton Beach. 10-unit condominium resort directly on beach, nine 1BR/1BA + one 4BR/3BA. List price: $2,900,000. (Barry Gould)

3100 Gulf Drive Unit 2, The Terrace Condominium, Holmes Beach, 2BR/2BA, one car garage, community heated pool.. List price: $355,000. (Tom Caron)

502 77th St., Holmes Beach, 3BR/3BA + den, on canal, heated pool. List price: $1,099,000. (Ted Schlegel)

102 4th St. North, Bradenton Beach, 2BR/2BA + 1BR/1BA gulf view duplex. List price: $395,000. (Barry Gould)

111 36th St., Holmes Beach, fourplex includes 3BR/2BA + 2BR/1BA + 1BR/1BA + large efficiency. List price: $995,000. (Barry Gould)

3805 East Bay Drive, Unit 114, Sunbow Bay, 2BR/2BA condo, community heated pool, tennis court, elevator. List price $269,000. (Barry Gould)

6131 Aviary Court, Bradenton, Tara Preserve, 2BR/2BA with den, free standing villa, two car garage, built 2002. List price: $259,000. (Mel Neely)