If “up” was the operative word for property sales on Anna Maria Island in April 2005, “$1 million+” took that honor in May ‘05.

* Of the 84 residential properties listed for sale as of June 13 ‘05, 33 were on the market for $1 million or more, pushing the average listing price to $1,084,055.94.

* Condos are on the same fast track, with the average listing price for the 96 condos currently on the market only a shade under those of single family residences–$1,045,121.88

* The five lots currently on the market have an average sale price of $1,189,360.

* The 15 commercial properties currently listed for sale have an average asking price of $2,948,893.33

* Only the duplex/triplex category is currently under the $1 million mark in average asking price (and not by much), $942,773.91.
While asking prices soar, sales prices are also rising dramatically. One indicator is the 18 single family residences sold between May 1-31 ‘05, with the average sales price being $798,111. In April 2005, the average sale price of a single family residence was $733,994.74.

A year earlier (May 2004) an identical number of SFRs sold (18) fetched an average sales price of $609,005.56. Three of the residences sold last year went for over $1 million, with the high $1,630,000. at 101 Sunset Lane, Anna Maria. This year, three single family residences went for $1 million or more, including two at $1.6+ million and one at $1.4 million.

The least expensive single family residence sold in May ‘05 on Anna Maria Island was $290,000. for the #4 unit at 4004 6th Ave. North in Holmes Beach. A year earlier, two properties sold for under $200,000 and a third for $252,500.

Twenty one condominiums were sold on Anna Maria Island in May ‘05 versus 22 in May ‘04. The total dollar value of these sales amounted to $11.1 million. Average sale price was $528,987, with the average condo on the market for 87 days prior to sale.

`While more condos were sold in May ‘05 (21) than in April ‘05 (18), the average sale price was down, from $692,492.86 to the previously mentioned $528,987. Many of the condos sold last month were in older buildings offering few amenities, which could explain in downturn.

In May 2004, the average listing price for the 22 condos sold was $407,863.64, with the average sale price $380,068.18. None of the condos sold in May ‘04 went for $1 million or higher, with the highest (3708 Gulf Drive #6, Holmes Beach) fetching $980,000.

Six duplexes sold in May 2005, with the average listing price $993,833.17 and the average sale price $902,833.33. Price per square foot this year was $474.84 versus $295.74 in May ‘04, when four duplexes were sold at an average listing price of $462,175. and an average sale price of $447,500.
Five lots were sold in May 2005, with the average listing price $1,259,600. and the average sale price $958,000. Lot prices showed tremendous variation, with the two most expensive–both in Wells Bay Harbor in Anna Maria–going for $1,775,000 each (830 South Bay Blvd. and 834 South Bay Blvd.).There were no commercial property sales in May ‘05.

MONTHLY SALES REPORT

Single Family Residential Sales May 1-31, 2005

102 Maple Ave., Anna Maria, 3BR/1BA, vintage Florida cottage, no garage/drive space, partial gulf view, 1,792 sq. ft. Built 1923…$1,650,000.

2500 North Gulf Drive, Ilexhurst, Bradenton Beach, 4BR/3BA, direct gulf front property, property is zoned duplex, 2,100 sq. ft. Built 1935…$1,615,000.

232 South Harbor Drive, Sportsmans Harbor, Holmes Beach, 4BR/4BA, heated inground pool, views of Tampa Bay and Skyway Bridge, attached two car garage plus drive space, dock/boat lift/davit, 4,050 sq. ft. Built 1992…$1,406,005.

113 Hammock Drive, Island Cedars, Anna Maria, 3BR/3BA, attached garage + attached carport + drive space, just over block from beach, 2,366 sq. ft. Built 2003..,$820,000.

426 Magnolia Ave., Anna Maria, 3BR/2BA, attached two car garage, partial bay view, one block to Tampa Bay. Built 2005…$819,000.

830 North Shore Drive, Wells, Anna Maria, 3BR/3BA, double lot, attached garage + detached carport, partial bay view, 1,723 sq. ft. Built 1949…$737,500.

507 67th St., Bay Palms, Holmes Beach, 3BR/2BA, attached two car garage, private dock, near beach. 1.469 sq. ft. Built 1972…$720,000.

205 72nd St., West Wind Shores, Holmes Beach, 3BR/2BA, heated inground caged pool, circle parking, deeded beach access, 1,312 sq. ft.. Built 1971…$710,000.

5605 Carissa St., Holmes Gulf To Bay, Holmes Beach, 2-3BR/3BA, attached two car carport, steps to beach. 1,839 sq. ft. Built 1957…$700,000. (Sold by Ted Schlegel of Island Vacation Properties).

2203 Avenue C Unit B, Ilexhurst, Bradenton Beach, 2-3BR/2BA, attached garage + attached carport, partial gulf + bay views, 2,048 sq. ft. Built 2005…$675,000.

309 Iris St., Luana Isles, Anna Maria, 3BR/2BA, attached one car garage + drive space, private dock, on deep canal going to bay, 1,434 sq. ft. Built 1969…$667,500.

526 Loquat Drive, Anna Maria, 2BR/2BA, attached two car garage, on canal, private dock, partial bay view, 1,570 sq.. ft. Built 1985…$645,000.

220 Chilson Ave., Bimini Bay Estates, Anna Maria, 2BR/2BA, attached garage, dock boat lift/davit, on canal, walking distance to beach. 1,555 sq. ft. Built 1957…$634,000.

405 73rd St., Holmes Beach, 3BR/2BA, attached two car garage, common boat ramp, room for pool, 1,800 sq. ft. Built 1994…$622,000.

2408 Avenue A, Ilexhurst, Bradenton Beach, 2-3BR/2BA, attached carport + drive space, open plan overlooking Tampa Bay, 1,320 sq. ft. Built 1978…$595,000.

150 Crescent Drive, Lake La Vista, Anna Maria, 3BR/2BA, attached one car garage, Homeowner’s Association has boat dock on Lake La Vista, 1,765 sq. ft. Built 1960…$550,000.

102 North 3rd St., Azure Shores, Bradenton Beach, 1-2BR/1BA, drive space, steps to beach, partial gulf view, 928 sq. ft. Built 1946…$510,000.

4004 6th Ave. North, #4, Holmes Beach, 1-2BR/2BA, attached carport + drive space, close to beach, 1,168 sq. ft. Built 1981…$290,000.

2906 Gulf Drive, Holmes Beach. 2BR/1BA, Covered parking space, west side of Gulf Drive, close to beach, 5000 SF lot, 894 SF of living space…$422,000. (Sold by Ted Schlegel of Island Vacation Properties).

Condominiums Sold May 1-31, 2005

1704 North Gulf Drive #B, Bradenton Beach Club, Bradenton Beach, 2BR/2BA, full gulf view, heated pool, clubhouse, attached one car garage, 1,050 sq. ft. Built 2003…$907,500.

2312 North Gulf Drive #103, Sunset Terrace, Bradenton Beach, 2BR/2BA, full gulf view, attached carport + one+ space under building, 1,180 sq. ft. Built 1982…$899,000.

1007 North Gulf Drive #103, Summer Sands, Bradenton Beach, 2BR/2BA, full gulf view, attached two car garage + under building parking, heated pool, 1,909 sq. ft. Built 1982…$815,000.

232 South Harbor Drive #A, Sportsmans Harbor, Holmes Beach, 2BR/2BA, full bay view, heated pool, spa/hot tub, dock, boat lift/davit, attached one car garage + drive space, 2,025 sq. ft. Built 1992…$773,575.

2203 Avenue C #B, Bradenton Beach, 3-4BR/3BA, partial gulf/partial bay view, attached garage + attached carport, 2,046 sq. ft. Built 2005…$675,000.

2100 South Gulf Drive #B, The Capri, Bradenton Beach, 2BR/2BA, full gulf view, no garage, 900 sq. ft. Built 2001…$670,000.

232 South Harbor Drive #A, Sportsmans Harbor, Holmes Beach, 2BR/2BA, full bay view, dock/boat lift/davit, attached one car garage + drive space, 2,025 sq. ft. Built 1992…$632,925.

6300 Marina Drive #5B, Holmes Beach, 3BR/3BA, town house, attached two car garage + drive space, 1,875 sq. ft. Built 2004…$595,000.

6200 Flotilla Drive #253, Westbay Point & Mooring, Holmes Beach, 3BR/2BA, bayou, sailboat, dock/no bridge, heated pool, spa/hot tub, no garage/open space parking, 1,622 sq. ft. Built 1979…$535,000.

6250 Holmes Blvd. #42, North Beach Village, Holmes Beach, 3BR/2BA, heated community pool, two car garage plus bonus room, 1,206 sq. ft. Built 1992…$510,000.

6200 Flotilla Drive #267, Westbay Point & Mooring, Holmes Beach, 2BR/2BA, full bay view, heated pool, spa/hot tub, tennis/hard surface, detached carport + one+ space. Built 1979…$479,900.

2310 North Gulf Drive #203, Westbay Point & Mooring, Bradenton Beach, 2BR/1BA, full bay view, dock/no bridge, heated pool, spa/hot tub, hard surface tennis, detached one-car carport plus one+ space, 1,066 sq. ft. Built 1979…$479,000.

501 North Gulf Drive #305, Bridgeport, Bradenton Beach, 2BR/2BA, partial bay view, heated pool, attached one car carport + guest parking, 1,126 sq. ft. Built 1982…$420,000.

111 South 10th St. #112, Bradenton Beach, 2BR/2BA, full bay view, community boat dock, 828 sq. ft. Built 1985…$395,000.

1801 North Gulf Drive, Runaway Bay, Bradenton Beach, 2BR/2BA, partial bay view, heated pool, sauna, shuffleboard, clubhouse, assigned + guest parking, 1,080 sq. ft. Built 1978…$379,000.

1801 North Gulf Drive, Runaway Bay, Bradenton Beach, 2BR/2BA, overlooking lake, heated pool, sauna, shuffleboard, clubhouse, exercise room, tennis, assigned + guest parking, 1,080 sq. ft. Built 1978…$364,900.

6300 Flotilla Drive #77, Shell Point, Holmes Beach, 3BR/3BA, heated pool, putting green, hard surface tennis, detached carport + open space + guest parking, 1,436 sq. ft. Built 1973…$350,000.

3705 East Bay Drive #116, Sunbow Bay, Holmes Beach, 2BR/2BA, heated pool, hard surface tennis, community boat dock, attached one car garage + one+ space, 1,121 sq. ft. Built 1980…$330,000.

6300 Flotilla Drive #76, Shell Point, Holmes Beach, 2BR/2BA, heated pool, putting green, clubhouse, hard surface tennis, detached one car carport + open space, 1,151 sq. ft. Built 1973…$327,500.

6300 Flotilla Drive #81, Shell Point, Holmes Beach, 2BR/2BA, heated pool, putting green, clubhouse, hard surface tennis, detached one car carport + open space, 1,151 sq. ft. Built 1973…$290,000.

2312 Avenue C #16, Bradenton Beach, 2BR/2BA, pool, no garage/one+ parking space, 650 sq. ft. Built 1979…$280,000.

Duplexes Sold May 1-31, 2005

2500 North Gulf Drive, Ilexhurst, Bradenton Beach, 3BR/3BA (could be 2BR/2BA + 1BR/1BA), direct gulf front/full gulf view, 2100 sq. ft. Built 1935…$1,615,000.

232 South Harbor Drive, Sportsmans Harbor, Holmes Beach, 4BR/4BA (2BR/2BA + 2BR/2BA), full bay view home can be either single family or duplex, elevator from ground level pool area to both floors above, 4050 sq. ft. Built 1992…$1,405,500.

201 76th St., Bay Palms, Holmes Beach, 4BR/2BA (2BR/1BA + 2BR/1BA), partly furnished, 1456 sq. ft. Built 1951…$665,000.

303 Poinsettia Rd., Shore Aces, Anna Maria, 4BR/2BA (2BR/1BA + 2BR/1BA), steps from beach access and close walk to bay, 1416 sq. ft. Built 1971…$600,000.

127 52nd St., Holmes Beach, 4BR/2BA (2BR/1BA + 2BR/1BA), partly furnished, steps to beach, 1780 sq. ft. Built 1969…$593,000.

4808 Gulf Drive, Jones subdivision, Holmes Beach, 3-4BR/3BA (1BR/2BA + 1BR/1BA + 1BR/1BA), four units including one efficiency, two blocks to gulf, 1976 sq.. ft. Built 1953…$537,500.

Lots Sold May 1-31, 2005

830 South Bay Blvd., Wells Bay Harbor, Anna Maria, bayfront/full bay view, $1,775,000.

830 South Bay Blvd., Wells Bay Harbor, Anna Maria, bayfront/full bay view, $1,775,000.

203 57th St., Holmes Gulf to Bay Drive, Holmes Beach, steps from gulf, $600,000. (Sold by Ted Schlegel of Island Vacation Properties).

404 Manatee Ave., Casanas, Holmes Beach, walk to public beach, access on 5th Ave., $350,000.

4804 Gulf Drive North, Jones subdivision, Holmes Beach, west side of Gulf Drive, $290,000.

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 May, 2005.

Island Vacation Properties Pending Sales

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.

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 941-778-684

6300 Flotilla Drive, Unit 92, Holmes Beach, Shell Point Condominium. 2BR/2BA Great bay views from living room and bedroom. 1151 SF, heated pool, tennis court, Covered parking…$375,000. Contact Ted Schlegel at 941-518-6117 or Barry Gould at 941-448-5500.

3703 Fifth Ave., Seacrest II Condominiums, Unit 3, Holmes Beach. 2BR/2BA unit with heated pool and hot tub. one block to beach. Covered parking. Great rental history…$489,000. Contact Ted Schlegel at 941-518-6117 or Barry Gould at 941-448-5500.

201 35th St., Unit 3, Holmes Beach. Anna Maria Beach Place Condominiums. 1 bedroom/1 bath upstairs unit with outstanding gulf views. 594 SF. Heated pool. Turn-key furnished. Long successful rental history… $482,000. Contact or Barry Gould at 941-448-5500 or Ted Schlegel at 941-518-6117.

Island Vacation Properties Active Listings

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 $1,950,000. 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…$1,895,00 Contact or Barry Gould at 941-448-5500 or Ted Schlegel at 941-518-6117.

203 76th St. Holmes Beach duplex. 2 bedroom/2 bath downstairs; 1 bedroom/1 bath upstairs. Close to beach, heated pool, quiet street. 1632 SF. Great rental…$738,000. Contact Ted Schlegel at 941-518-6117 or Barry Gould at 941-448-5500.

201 35th St., Unit 6, Holmes Beach. Anna Maria Beach Place Condominiums. 1 bedroom/1 bath upstairs unit with outstanding gulf views. 594 SF. Heated pool. Turn-key furnished. Long successful rental history… $583,000. Contact Mel Neely at 941-809-5565.

1801 Gulf Drive, Unit 235, Bradenton Beach, Runaway Bay Condominium on Anna Maria Sound. 2BR/2BA. 110 SF. Heated pool, Tennis courts, 200 feet to beach. $425,000. Contact Ted Schlegel at 941-518-6117 or Barry Gould at 941-448-5500.