In February ‘05, one condo (3302 Gulf Drive #201, Holmes Beach) sold for $1,635,000. Without that sale in the month’s equation, the average sale price for the other nine condos sold was $515,000. In comparison, the average condo sales price in January ‘05, a month that did not have any sales of $1 million or higher, was quite similar, $529,615.

Price per square foot of condos sold in February 2005 was $528.65 vs. $347.53 per square foot in February 2004.

February 2005 also saw the sale of 11 single family residences, ranging in price from $425,000 (206 83rd St., Holmes Beach) to $1,360,000 (643 Key Royale Drive, Holmes Beach); the average sales price was $662,681.82. The average single family residence sale thus was 26.5% higher in February 2005 than in February 2004. Year earlier sales results in February saw ten single family residences sold, with the average sales price $522,890.

Price per square foot of single family residences sold in February 2005 was $423.48 vs. $360.16 a year earlier.

The average sales price of duplexes on Anna Maria Island rose dramatically between February 2004 and February 2005. Three duplexes were sold in February 2005, with the average sale price $514,166.67. In February 2004, four duplexes were sold, with the average sales price $384,750.

There was one commercial sale in February 2005, with the property at 2219 Gulf Drive in Bradenton Beach both listing and selling for $775,000.

No lots were sold in February 2005.

There were no lots or commercial sales in February 2004.

Pending Sales

As of March 1, 2005, there were 103 pending sales on Anna Maria Island, up ten from the number of sale spending at the start of February ‘05. The latest list included 44 single family residences with an average listing price of $831,931.82; 46 condominiums, average listing price $725,400.; 11 duplexes, average listing price $954,800.; three lots, average listing price $541,333.33; and three commercial properties, average listing price $2,284,966.67.

Total Listings

There were a total of 272 listings on Anna Maria Island at the start of March ‘05, about the same as a month earlier, when 278 properties were available. The listings include 99 single family residences, 115 condos, 35 duplexes, 11, lots and 12 commercial properties.

Single Family Residential Sales, Feb. 1-28, 2005

709 South Bay Blvd., Wells Bay Harbor, Anna Maria, 2BR/2BA, attached two car garage, drive space, partial bay view, 1,165 sq. ft. Built 1983…$526,000.

508 Fern St., Anna Maria, 3-4BR/2BA, attached three car garage, steps to beaches, walk to city pier and shops, 1,522 sq. ft. Built 1994…$580,000.

521 Bayview Place, Wells Bay Harbor, Anna Maria, 3BR.1BA, attached three car garage, drive space, private dock, on wide canal, 1,700 sq. ft. Built 1976…$600,000.

206 83rd St., Holmes Beach, 3BR/2BA, attached one car garage + drive space, inground caged pool, 1,232 sq. ft. Built 1955…$425,000.

513 Concord Lane, Key Royale, Holmes Beach, 3BR/2BA, attached one car garage plus drive space, private dock, heated inground pool, 1,533 sq. ft. Built 1965…$618,000.

525 67th St., Bay Palms, Holmes Beach, 3BR/2BA, two car attached garage, private dock, boat access, water view, 1,764 sq. ft. Built 1974…$630,000.

510 65th St., Holmes Beach, 3BR/2BA, attached three car garage plus drive space, inground caged pool, on seawalled canal with boat dock, 1,693 sq. ft. Built 1969…$640,000.

510 68th St., Bay Palms, Holmes Beach, 2-3BR/2BA, heated inground pool, attached garage plus drive space, 50-foot dock, boat life, 1,494 sq. ft. Built 1971…$660,000.

712 Key Royale Drive, North Point Harbour, Holmes Beach, 2-3BR/2BA, private dock, boat access, 1,562 sq. ft. Built 1983…$775,000.

643 Key Royale Drive, Key Royale, Holmes Beach, 3BR/3BA, heated inground caged pool, two car attached garage, circle, drive space, private dock, full bay view, 3,130 sq. ft. Built 1969…$1,360,000.

2408 Avenue A, Bradenton Beach, 2BR/2BA, attached two car carport, drive space, partial bay view, 1,320 sq. ft. Built 1978…$475,000.

Condos Sold Feb. 1-28, 2005

522 Pine Ave. #6D, Bayou, Anna Maria, 2BR/1BA, partial bay view, deeded boat dock, 822 sq. ft. Built 1973…$365,000.

5400 Gulf Drive #16, Holmes Beach, 1BR/1BA, partial gulf view, heated pool, one covered parking space + detached carport, 810 sq. ft. Built 1964…$260,000.

3805 East Bay Drive, #306, Sunbow Bay, Holmes Beach, 2BR/2BA, heated pool, tennis/hard surface, fishing pier, dock, full bay view, 1,146 sq. ft. Built 1979…$400,000.

5300 Gulf Drive, #104, Martinique North, Holmes Beach, 1BR/1BA, full gulf view, one covered parking space/one detached garage, heated pool, clubhouse, tennis/hard surface, 722 sq. ft. Built 1971…$460,000.

6200 Flotilla Drive #275, Westbay Point Mooring, Holmes Beach, 3BR/2BA, full bay view, heated pool, spa/hot tub, tennis/hard surface, one covered parking space/one detached carport, 1,622 sq. ft. Built 1979…$535,000.

5006 Gulf Drive North #112, Playa Encantada, Holmes Beach, 2BR/2BA, partial gulf view, heated pool, sauna, shuffleboard, clubhouse, spa/hot tub, tennis/hard surface, 1,154 sq. ft. Built 1980…$685,000.

6804 Gulf Drive, West Wind Shores, Holmes Beach, 2BR/2BA, partial gulf view, one covered parking space/one attached garage space, 1,281 sq. ft. Built 1977…$695,000.

5806 Gulf Drive North, Waters Edge, Holmes Beach, 2BR/2BA, full gulf view, heated pool, tennis/hard surface, covered garage plus attached carport, 1,048 sq. ft. Built 1975…$859,000.

3302 Gulf Drive North, Sunset Cove, Holmes Beach, 3BR/2.5BA, gulf view, heated pool, two covered parking space plus attached garage, 2,108 sq. ft. Built 2000…$1,635,000. Sold by Mel Neely of Island Vacation Properties.

1801 N. Gulf Drive N #169, Runaway Bay, Bradenton Beach, 2BR/2BA, lake, heated pool, sauna, shuffleboard, clubhouse, tennis, no covered parking, 1,080 sq. ft. Built 1978…$375,000.

Duplexes Sold, Feb. 1-28, 2005

312 Hardin Ave., Bimini Bay Colony, Anna Maria, 2BR/1B A + 2BR/1BA, 1065 sq. ft. + 810 sq. ft. Built 1957…$437,500.

303 62nd St., Holmes Beach, 2BR/1.5 BA + 2BR/1.5 BA, short walk to beach, shopping and stores, 938 sq. ft. Built 1983…$475,000.

203 82nd St., Holmes Beach, 2BR/2BA + 2BR/2BA, 1.5 blocks to beach access, 1,000 sq. ft. each side. Built 1969…$630,000.

Commercial Sales, Feb. 1-28, 2005

2219 Gulf Drive, Bradenton Beach, prime corner lot, high traffic visibility, view of gulf, business not included, 2,940 sq. ft. Built 1960…$775,000.

Anna Maria Island Property Sales Report is published in cooperation with Island Vacation Properties, LLC, 3001 Gulf Drive, Holmes Beach. The following represents the property sales activity of IVP in January 2005.

Island Vacation Properties Pending Sales

517 Magnolia Ave., Anna Maria. This 4BR/2BA single family elevated residence has a new pool and bay views from all decks. There is a two car garage and lots of storage. It is located on a deep canal with no bridges to Tampa Bay. There is a boat dock with a 12,000 pound boat lift. The master suite on the top floor has a private deck with bay view. This has been a successful rental with reliable income and comes turn-key furnished. The home has 2,322 square feet under HVAC. The lot on a quiet residential street is 8,625 square feet in size…$875,000. Contact Ted Schlegel or Barry Gould at 941-778-6849.

1000 Gulf Drive, Bradenton Beach, Beach House Resort Condominiums. Units 1, 2, 3, 4, 5, 6, 7, 8, & 9 with a total listing price of $3,870,000. Six of these nine one-bedroom, direct beach front units are totally refurbished to brand new condition. Units 1, 2, & 3 are scheduled to be refurbished soon and are under reservation contracts.

201 35thSt., Holmes Beach, Anna Maria Island Beach Place Condominiums. All six units in the recently condominiumized property are scheduled to close in March. Four of the beach view units are one-bedroom units an two are two-bedroom units. Heated pool. Total listing price for all six units is $2,695,000.

3703 Fifth Ave., Seacrest II Condominiums, Unit 4, Holmes Beach. 2BR/2BA unit with heated pool and hot tub. one block to beach. Covered parking. Great rental history…$475,000. Contact Ted Schlegel or Barry Gould at 941-778-6849.

Island Vacation Properties Active Listings

1000 Gulf Drive, Unit 10, Beach House Resort Condominiums, Bradenton Beach. 3BR/3BA 2000+ sq. ft. unit, direct beachfront with unobstructed views of the gulf…$1,500,000. Final design pending regulatory approvals. Subject to change. Contact Ted Schlegel or Barry Gould at 941-778-6849.

2310 Gulf Drive, Unit 203, Shell Cove Condominium, Bradenton Beach. Direct beach front 2BR/1BA condo, 651 sq. ft. recently completely refurbished, turn-key furnished, excellent rental…$499,000. Contact Ted Schlegel or Barry Gould at 941-778-6849.

3600 4th Ave., Palm Gables, Holmes Beach, Three luxury units available, including two in a central six unit building and an existing three bedroom, ground level beach house that will be completely gutted, expanded and refurbished. A new heated pool will be installed next to the vast dune system protected by a footbridge to water’s edge. Prices start at $1,550,000. For a complete presentation contact Barry Gould of Island Vacation Properties, LLC at 941-448-5500 or Ted Schlegel at 941-518-6117.

1708 N Gulf Dr., Unit D Bradenton Beach Club. Bradenton Beach. Direct beach front luxury condominium with 2-3 bedroom and 2 baths. Screened lanai overlooking heated pool and the Gulf of Mexico…$1,895,000.

3703 Fifth Ave., Seacrest II Condominiums, Unit 1, Holmes Beach. 2BR/2BA unit with heated pool and hot tub. one block to beach. Covered parking. Great rental history…$464,900. Contact Ted Schlegel or Barry Gould at 941-778-6849.

3703 Fifth Ave., Seacrest II Condominiums, Unit 2, Holmes Beach. 2BR/2BA unit with heated pool and hot tub. one block to beach. Covered parking. Great rental history…$469,000. Contact Ted Schlegel or Barry Gould at 941-778-6849.