It was indeed a merry month of June for those involved in real estate sales on Anna Maria Island. There was special buoyancy in the duplex and triplex category, where sales almost doubled over June ‘04, up from $2,899,500 a year ago to $5,639,000 this June. The number of properties sold was similar–five last year versus six this year–but the average sales price rose from $579,000. to $939,670. Two of the properties sold in June ‘05 fetched more than $1 million, including

2812 Avenue E, Holmes Beach ($1,749,000.) and 101 North 25th St., Bradenton Beach ($1,400,000.)

Sales of single family residences went through the roof in June compared with year earlier figures. The total value of the 25 listings sold from June 1-30 ‘05 was $19.1 million compared with a total value of $11.8 million for the 21 single family residences sold in June ‘04. Average sales price in June ‘05 was $764,976. compared with an average sales price of $760,757. in June ‘04.

Highest residential sale in June ‘04 was at 408 South Bay Blvd., which brought in $1,125,000. This June, the highest sales price for a single family residence was $2,200,000. for 104 Park Ave., Anna Maria. A total of five properties sold for more than $1 million in June ‘05.

The total value of condominiums sold in June 2005 was $12.1 million (19 sales) versus $8,094,500. in June 2004. The average sales price this June was $644,237. versus $417,731. in June ‘04. The June ‘05 condo sales figure is even more impressive when compared to June ‘03, in that it more than doubled total condo sales of $3,871,900. in the June ‘03 period.

There were no commercial sales in June ‘05. A year earlier, three commercial sales generated $5,790,00. in revenue with an average sales price of $1,930,000.

One lot was sold in June ‘04 at a price of $324,000. In June ‘05, one lot was sold at a price of $3565,000.

First Half 2005 Vs. First Half 2004The first half of 2005 saw fewer single family residences sold (92 versus 114 in the first half of 2004) but at a higher price. The average in the first half of 2005 was $748,704. versus $573,804. in the year earlier first half.

A total of 107 condos were sold in the first half of 2005, with the average sales price $731,141. In the first half of 2004, 87 condo listings went for an average price of $566,334.

Of the 32 duplex listings sold in the first half of ‘05. average sales price was $731,140.63. A year earlier, 30 duplexes sold in the first half of the year fetched an average sales price of $443,000. There is a developing $1 million+ market for duplexes, with four of the properties sold this year fetching more than $1 million ($1.046,500.; $1,749,000.; $1,400,000.; $1,615,000.)

A total of 30 duplexes were sold in the first half of 2005, with the average sale s price $443,000. One of the properties sold (515 42nd St., Holmes Beach) went for $1.1 million.

There were six commercial sales on Anna Maria Island in the first half of ‘05, with the average sales price $1,888,317. versus $1,762,600. in the first half of ‘05.

Twelve lots sold on Anna Maria Island in the first six months of 2005, with the average sales price $665,750. versus an average of $437,042. in the first half of 2004.

Second Quarter ‘05 Vs. Second Quarter ‘04The price of single family residences rose dramatically in second quarter 2005, when the average sales price for the 66 SFRs sold was $759,982. A year earlier, 61 single family residences sold had an average price of $584,607.

In second quarter 2005, 56 condos were sold on Anna Maria Island, same number as in the comparable period in 2004. This year’s sales average $613,137.50 versus $461,988. in the year earlier second quarter.

Sales of duplexes exploded in second quarter 2005, when 23 units were sold at an average sale price of $793,783. That is more than double the average sales price generated from 20 duplexes sold on Anna Maria Island in second quarter ‘04, when the average sales price was $377,900.

There were four commercial sales on Anna Maria Island in the second quarter of 2005, bringing in a total of $7,054,900. , A year earlier three commercial sales accounted for $5,790,000. in revenue. Because fewer properties sold in the second quarter of ‘05, the average sales price ($1,763,725.) was lower than in second quarter ‘04 ($$1,930,000.).

Eight lots were sold on Anna Maria Island in second quarter 2005, with the average sales price $968,300. In the year earlier second quarter, five lots were sold at an average price of $377,900.

Pending Sales

There were 31 pending single family residential sales when AMIPSR went to press, with prices topping out at $1.5 million.

In addition, there were 39 pending condo sales, with the highest price unit at 7300 Gulf Drive #5, Holmes Beach ($1,740,000.)

Eleven duplex sales are pending, one of which (3707 Gulf Drive, Holmes Beach) is on the market for $1,799,900.

One commercial sale is pending–2201 North Gulf drive, Bradenton Beach)– at $3,550,000.

Active Listings

At the beginning of July ‘05, there were 80 active listings on Anna Maria Island versus 100 active listings at the start of July ‘05. Average current listing price is $1,067,108.500 ($564.15 per square foot) versus $1,031,799. ($671.71 per square foot) last year.

While the number of SFRs is lower this year, the number of residences with an asking price of $1 million or more still represents more than one-third of current inventory. In the $1+ million market, prices currently range from $1,150,000. to $2,995,000.

A year ago, 30 of the 100 active listings were priced at $1 million or higher, less than one-third of the inventory at that time. At that point in time, $1.1 million was at the low end of the $1+ million range (5808 Gulf Drive #109, Water’s Edge, Holmes Beach and 110 South 7th St. #1, Bradenton Beach) with $3.0 million the highest (218 52nd St. #9, Holmes Beach).

SIAM GARDEN RESORT SALE CLOSES; UNITS WILL BE PRIVATIZED AND RE-SOLD.

On Friday, July 15th, Siam Retreat Partners, LLC became the new owners of Siam Garden Resort at 512 Spring Avenue in Anna Maria. The final purchase price was $4,120,000. The managing partner, Benton Benalcazar has contracted with Island Vacation Properties to manage the upscale resort as it has been by the sellers, Kent and Pa Davis. Barry Gould and Ted Schlegel of Island Vacation Properties were the listing and selling agents in the transaction.

Siam Garden Resort is the latest addition to the growing list of resorts licensed for short-term stays on Anna Maria Island managed by IVP. Other include Anna Maria Island Beach Resort, Anna Maria Beach Place, Castnetter Resort, Beach House Resort and Alamanda Villas. This will bring to total number of units in the IVP network to 67. IVP also manages over 240 conventional vacation rentals on the island.

All of the 16 units at Siam Garden Resort will be legally privatized in the same manner as a condominium conversion but the use of the units must stay as vacation accommodations. Island Vacation Properties will be the exclusive sales agency for the units. There are 14 one-bedroom, one-bathroom suites, one two-bedroom, one-bathroom suite and a studio suite. All suites are imaginatively designed with an Indonesian theme and have been immaculately maintained. The grounds were painstakingly developed and designed by the Kent and Pa Davis over several years and the property was the star of this year’s Island Garden Tour. Most units have private garden patios. The heated, free-form swimming pool is one of the largest on the island.

A sample unit would be a 440 square foot, one-bedroom, one bath suite with private garden patio which will generate about $30,000. in gross rental income. The list price is $350,000. making it one of the best investments on the island in terms of the ratio of purchase price vs. income.

For more information contact Barry Gould at 941-448-5500 or Ted Schlegel at 941-518-6117. See the resort online at www.siamgardenresort.com.

Island Single Family Residences Sold June 1-30, 2005

131 Hammock Rd., Coconut Bayou, Anna Maria, 3BR/2BA, waterfront on Coconut Bayou, attached carport (four) + drive space, 1,330 sq. ft. Built 1985…$595,000.

284 Gladiolus St., Luana Isles,, Anna Maria, 2BR/2BA, attached carport (two) + drive space, 1,236 sq. ft. Built 1978…$612,500.

119 Beach Ave., Gulf View, Anna Maria, 2BR/2BA, attached carport (four) + drive space, five houses to beach, room for pool, 1,188 sq. ft. Built 1985…$750,000.

12101 Gulf Drive, Anna Maria Beach, Anna Maria, 2BR/1BA, drive space, no covered parking, 350 feet from gulf, partial gulf view, 820 sq. ft. Built 1926…$912,500.

310 Tarpon St., Lardas, Anna Maria, 3BR/2BA, elevated Key West home, attached three car garage + drive space, dock, partial bay view, private dock, in-ground pool and spa, 1,926 sq. ft. Built 1993…$960,000.

104 Park Ave., Gulf View, Anna Maria, 5BR/4BA, inground caged pool, attached two car garage, gulf view, 3,762 sq. ft. Built 1959…$2.2 million.

431 62nd St., Seaside Gardens, Holmes Beach, 1BR/1BA, no covered garage, drive space,, 888 sq. ft. Built 1966…$305,000.

403 63rd St., Seaside Gardens, Holmes Beach, 2BR/2BA, no covered garage, drive space, community boat ramp, 1,150 sq. ft. Built 1971…$308,000.

2914 Gulf Drive, Ilexhurst, Holmes Beach, 3BR/2BA, attached carport + drove s[ace, short walk to gulf beaches, 1,190 sq. ft. Built 1950…$428,000.

202 67th St., West Wind Shores, Holmes Beach, 2BR/2BA, attached one car garage, steps to beach, 1,187 sq. ft. Built 1968..$450,000.

401 74th St., Bay Palms, Holmes Beach, 2BR/2.5BA, attached two car garage, short walk to beach, 1,592 sq. ft. Built 1989…$475,000.

2908 Avenue C, Ilexhurst, Holmes Beach, 2BR/2BA, attached two car garage + circle & drive space parking, steps from beach, 1,040 sq. ft. Built 1979…$510,000.

2903 Gulf Drive, Ilexhurst, Holmes Beach, 3BR/2BA, attached one car garage + drive space, room for pool, views of gulf, 1,402 sq. ft. Built 1998…$550,000.

6108 Marina Drive, Holmes Beach, 3BR/1.5BA, attached one car garage + circle & drive space parking, 1,112 sq. ft. Built 1980…$600,000.

215 66th St., West Wind Shores, Holmes Beach, 3BR/2BA, attached one car garage + drive space, short walk to beach, 1,114 sq. ft. Built 1977…$649,000.

4002 6th Ave., Casanas, Holmes Beach, 3BR/3BA, attached garage, attached carport + drive space, solar inground pool, 1,504 sq. ft. Built 2000…$655,000.

215 84th St., Holmes Beach, 3-4BR/2.5BA, attached garage + drive space, deeded boat dock. 2.084 sq.. ft. Built 2000…$672,000.

7304 Holmes Blvd., West Wind Shores, Holmes Beach, 2BR/2BA, inground pool, attached three car garage + drive space, 1,592 sq. ft. Built 1994…$679,000.

601 Ivanhoe Lane, Key Royale, Holmes Beach, 2-3BR/2BA, attached two car garage + circle parking, dock, room for pool, 1,972 sq. ft. Built 1972…$775,000.

523 66th St., Bay Palms, Holmes Beach, 3BR/2BA, inground caged pool, boat lift/davit, private dock, attached two car garage + drive space, 1,766 sq. ft. Built 1970…$900,000.

4003 4th Ave., Casanas, Holmes Beach, 4BR/4BA, heated inground pool, partial bay/partial gulf view, half block to beach, 2,592 sq. ft. Pre-construction…$1,220,000.

731 Key Royale Drive, North Point Harbour, Holmes Beach, 3BR/2.5BA, on Bimini Bay, dock, boat lift/davit, attached two car garage + drive space, 2,100 sq. ft. Built 1987..$1,450,000.

2601 Gulf Drive North, Bradenton Beach, 1-2BR/1BA, mobile home in waterfront park with beach access, attached carport, sq. ft. unknown…$90,000

2516 Avenue A, Ilexhurst, Bradenton Beach, 2BR/2BA, fiberglass pool, direct bayfront, attached two car garage + drive space, 2,222 sq. ft. Built 1980…$1,100,000.

2213 North Gulf Drive, Ilexhurst 3BR/3BA, inground pool, full gulf view, attached two car garage + drive space, 3,714 sq. ft. Built 2004…$1,275,000.

Condominiums Sold June 1-30, 2005

522 Pine Ave. #1C, Bayou, Anna Maria, 2BR/1BA, assigned drive space, BBQ/picnic, partial bay view, new dock, 822 sq. ft. Built 1973…$399,000.

4004 6th Ave. #1, Casanas, Holmes Beach, 1-2BR/1BA. attached carport + under building parking, 1,152 sq. ft. Built 1981…$325,000.

3705 East Bay Drive #213, Sunbow Bay, Holmes Beach, 2BR/2BA, heated pool, tennis, attached carport + under building parking, 1,146 sq. ft. Built 1980…$339,000.

6300 Flotilla Drive #213, Shell Point, Holmes Beach, 2BR/2BA, heated pool, on canal, detached carport, 1,151 sq. ft. Built 1973…$340,000.

3303 Gulf Drive #2, Sea Pirates, Holmes Beach, 2BR/1BA, heated pool, common picnic area. across from gulf beach, 700 sq. ft. Built 1989…$388,000.

3100 Gulf Drive #5, Holmes Beach, 2BR/2BA pool, BBQ/picnic, partial gulf view, attached one car garage, 884 sq. ft. Built 1982…$452,000.

3702 5th Ave. #1, Seacrest II, Holmes Beach, 2BR/2BA, heated pool, spa/hot tub, detached carport (two), steps from beach, 1,172 sq. ft. Built 1985…$463,000.

6200 Flotilla Drive #304, Westbay Point & Mooring, Holmes Beach, 2BR/2BA, heated pool, spa/hot tub, tennis/hard surface, no covered parking, full bay view, dock, fishing pier, 1,377 sq. ft. Built 1979…$510,000.

5400 Gulf Drive #37, 5400 Condos, Holmes Beach, 2BR/2BA, heated pool, shuffleboard, clubhouse, detached carport (one) + guest parking, full gulf view, 1,188 sq. ft. Built 1969…$695,000.

4200 Gulf Drive #204, Holmes Beach, 2BR/2BA, heated pool, end unit, full gulf view, attached carport (two), 1,104 sq.. ft. Built 1979…$749,000.

7300 Gulf Drive #1, Holmes Beach, 3BR/2BA, heated pool, BBQ/picnic, partial gulf view, attached two car garage + guest parking, 1,818 sq. ft. Built 2004…$1,500,000.

7300 Gulf Drive #2, Holmes Beach, 3BR/2BA, heated pool, BBQ/picnic , partial gulf view, attached two car garage + guest parking, 1,841 sq. ft. Built 2004…$1,500,000.

7300 Gulf Drive #6, Holmes Beach, 3BR/2.5 BA, heated pool, BBQ/picnic, partial gulf view, attached two car garage + guest parking, 2,045 sq. ft. Built 2004…$1.5 million.

1801 North Gulf Drive #266, Runaway Bay, Bradenton Beach, 1BR/1BA, heated pool, sauna, BBQ/picnic, shuffleboard, clubhouse, exercise, tennis, assigned guest parking, 691 sq. ft. Built 1978…$315,000.

1801 North Gulf Drive #236, Runaway Bay, Bradenton Beach, 2BR/2BA, heated pool, sauna, BBQ/picnic, shuffleboard, clubhouse, exercise, tennis, assigned guest parking, 1,080 sq. ft. Built 1978…$399,500.

601 North Gulf Drive #205, Bradenton Beach, 2BR/2BA, heated pool, partial bay/partial gulf view, attached one car garage + under building parking, 1,282 sq. ft. Built 1986…$445,000.

501 North Gulf Drive #103, Bridgeport, Bradenton Beach, 2BR/2BA, heated pool, full gulf view, attached one car garage + under building parking, across street from beach, 1,000 sq. ft. Built 1982…$463,000.

1471 North Gulf Drive #22, Bermuda Bay Club, Bradenton Beach, 3BR/2.5BA, heated pool, spa/hot tub, gulf/bay views, attached two car garage + guest parking, 1,524 sq. ft. Built 1999…$700,000.

245 North 17th St. #11, Bradenton Beach, 2BR/2BA, heated pool,, spa/hot tub, gulf/bay views, fishing pier, 1,901 sq. ft. Built 2003…$758,000.

Duplexes Sold June 1-30, 2005

207 75th St., Holmes Beach, 2BR/1BA + 2BR/1BA, 1.5 blocks to beach, 1,593 sq. ft. total. Built 1968…$570,000.

3200 6th Ave., Sosa Subdivision, Holmes Beach, 2BR/1BA + 2BR/1BA, one attached carport, 1,594 sq. ft. Built 1957…$580,000.

6405 Gulf Drive, West Wind Shores, Holmes Beach, 2BR/1BA + 1BR/1BA, walk to beach. Built 1955…$624,000.

6407 Gulf Drive, West Wind Shores, Holmes Beach, 2BR/2BA (up) + 2BR/2BA (down), steps to beach, corner lot, 2,520 sq. ft. Built 1966…$715,000.

2812 Avenue E, Ilexhurst, Holmes Beach, 2BR/1BA + 2BR/1BA, gulf front, 1,680 sq. ft. Built 1968…$1,749,000.

101 North 25th St., Ilexhurst, Holmes Beach, 8BR/8BA fourplex, on beach, inground pool, partial gulf view, steps to sand, close to bay and park. Built 1967…$1,400,000.

Lots Sold June 1-30, 2005

214 Spring Ave., Anna Maria, partially treed, one block to beach…$385,000.

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 April, 2005.

Island Vacation Properties Pending Sales

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.

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.

1801 Gulf Drive Unit 235, Runaway Bay, Bradenton Beach, 2BR/2BA, 1080 SF condo, heated pool, tennis court, lake view…$425,000. 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 ground-level unit with gulf views. 594 SF. Heated pool. Turn-key furnished. Long successful rental history… $475,000. Contact Ted Schlegel at 941-518-6117 or Barry Gould at 941-448-5500.

Island Vacation Properties Active Listings

2107 Avenue C, Bradenton Beach, turnkey furnished quaint three bedroom/two bath cottage steps from beach. Wood floors, fireplace, wood picket fence and screened Florida room…$639,000. Contact Mel Neely at 941-809-5565.

2716 Gulf Drive, Unit 106, Holmes Beach, Gulf Cabins Condominium. Direct beachfront 2 BR/2 BA, condo with heated pool, covered parking and screened Lanai. Turnkey furnished, 1155 under A/C… $949,000. Contact Mel Neely at 941-809-5565.

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. Online at www.palmgables.com or for a complete personal 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

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.

512 Spring Avenue, Anna Maria, 16 private suites for sale at Siam Garden Resort. (See related story in this issue)