Here is the breakdown of single-family residences, condos, duplexes/triplexes and building lots sold in July through September 2007 compared to the same period in 2006:

2007 ~ 2006

SFRs: 39 ~ 21
Condos: 14 ~ 19
Dup./Trip: 1 ~ 3
Lots: 2 ~ 1

TOTAL: 56 sales ~ 44 sales

Totals
Sales Values: $37,170,000 ~ $34,175,000

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The third quarter 27.2% increase is consistent with the volume of sales in the first three quarters of 2007 which saw an average 32.5% increase in property sales. The following is a report on the number of sales of single family residences, condo, duplexes/triplexes and lots sold in the first nine months of 2007 compared to the first nine months of 2006. The amount in parentheses is the median sale price for that period. This equates to a 32.5% year-to-year increase.

2007 ~ 2006

SFRs: 105 ($550,000) ~ 64 ($783,000)
Condos: 54 ($425,000) ~ 47 ($475,000)
Dup/Trip: 9 ($425,000) ~ 15 ($654,000)
Lots: 7 ($500,000) ~ 4 ($925,000)

Totals 175 sales ~ 132 sales

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The number one question in people’s minds relating to real estate is: Have we found the bottom of the cycle yet? The following data shows median sale prices each month for the first 9 months of the last three years. Readers can draw their own conclusions. Keep in mind the number of sales each month are relatively few and one large sale can skew the averages. These figures are for single family residences and condos only. The numbers in parentheses are the number of just single family residences and condos sold that month.

2007 ~ 2006 ~ 2005

Jan: $535,000. (8) ~ $585,000. (15) ~ $555,000. (27)
Feb: $650,000. (9) ~ $817,000. (6) ~ $580,000. (23)
Mar: $558,000. (24) ~ $545,000. (14) ~ $530,000. (51)
Apr: $550,000. (22) ~ $870,000. (10) ~ $616,000. (37)
May: $534,000. (28) ~ $530,000. (16) ~ $608,000. (44)
June: $425,000. (15) ~ $782,000. (10) ~ $612,000. (51)
July: $564,000. (12) ~ $685,000. (14) ~ $592,000. (46)
Aug: $463,000. (24) ~ $660,000. (14) ~ $737,000. (76)
Sept: $620,000. (17) ~ $717,000. (12) ~ $615,000. (28)

After some number crunching from data from the Multiple Listing Service and other sources we are ready to present this report.

There were 27.2% more property sales on Anna Maria Island in the third quarter of 2007 than the third quarter of 2006.

Here is the breakdown of single-family residences, condos, duplexes/triplexes and building lots sold in July through September 2007 compared to the same period in 2006:

2007 ~ 2006

SFRs: 39 ~ 21
Condos: 14 ~ 19
Dup./Trip: 1 ~ 3
Lots: 2 ~ 1

TOTAL: 56 sales ~ 44 sales

Totals
Sales Values: $37,170,000 ~ $34,175,000

====================================================

The third quarter 27.2% increase is consistent with the volume of sales in the first three quarters of 2007 which saw an average 32.5% increase in property sales. The following is a report on the number of sales of single family residences, condo, duplexes/triplexes and lots sold in the first nine months of 2007 compared to the first nine months of 2006. The amount in parentheses is the median sale price for that period. This equates to a 32.5% year-to-year increase.

2007 ~ 2006

SFRs: 105 ($550,000) ~ 64 ($783,000)
Condos: 54 ($425,000) ~ 47 ($475,000)
Dup/Trip: 9 ($425,000) ~ 15 ($654,000)
Lots: 7 ($500,000) ~ 4 ($925,000)

Totals 175 sales ~ 132 sales

=========================================================

The number one question in people’s minds relating to real estate is: Have we found the bottom of the cycle yet? The following data shows median sale prices each month for the first 9 months of the last three years. Readers can draw their own conclusions. Keep in mind the number of sales each month are relatively few and one large sale can skew the averages. These figures are for single family residences and condos only. The numbers in parentheses are the number of just single family residences and condos sold that month.

2007 ~ 2006 ~ 2005

Jan: $535,000. (8) ~ $585,000. (15) ~ $555,000. (27)
Feb: $650,000. (9) ~ $817,000. (6) ~ $580,000. (23)
Mar: $558,000. (24) ~ $545,000. (14) ~ $530,000. (51)
Apr: $550,000. (22) ~ $870,000. (10) ~ $616,000. (37)
May: $534,000. (28) ~ $530,000. (16) ~ $608,000. (44)
June: $425,000. (15) ~ $782,000. (10) ~ $612,000. (51)
July: $564,000. (12) ~ $685,000. (14) ~ $592,000. (46)
Aug: $463,000. (24) ~ $660,000. (14) ~ $737,000. (76)
Sept: $620,000. (17) ~ $717,000. (12) ~ $615,000. (28)

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No one knows if we have passed the bottom of the cycle. A surprising number of the sales in the third quarter were below $500,000. which was unheard of two years ago. One of the reasons is most of the sales were from sellers who needed to sell and excepted a offer much lower than they ever dreamed they would.

Another sign of the times is the startling increase in bank-owned property due to foreclosures and subsequent repossession. These deeply discounted properties are selling fast but are making it nearly impossible to sell a property at a reasonable price. When these properties sell and other distressed properties sell, then we should see some normalcy come back into the market. (whatever normal is).

REAL ESTATE SEMINAR ON ANNA MARIA ISLAND (POSTPONED)

The Anna Maria Island Real Estate Seminar originally scheduled for November 15, 2007 has been postponed. You will be notified of the new date and time. Sorry for any inconvenience.

Single Family Residence Sales, July-September 2007

8027 Marina Drive, Bay Palms, Holmes Beach, 5-6BR/5.5BA, on Bimini Bay, auto clean pool, attached three car garage, dock, 4480 sq. ft. Built 2007…$2,250,000.

210 Cypress Ave., Anna Maria, 3BR/2BA, direct gulf front, attached carport, 1306 sq. ft. Built 1961…$1,650,000.

743 North Shore Drive, Anna Maria, 3BR/2.5BA, direct gulf front, attached carport, 1742 sq. ft. Built 1955…$1,575,000.

8321 Marina Drive, Holmes Beach, 4BR/3BA, inground pool, boat lift/davit, no bridge, private dock, Bimini Bay views, attached two car garage, 2775 sq. ft. Built 1974…$1,200,000.

526 77th St., Bay Palms, Holmes Beach, 2BR/3BA, heated inground pool, attached two car garage, no bridge, private dock, partial bay view, 2023 sq. ft. Built 1970…$800,000.

528 Key Royale Drive, Key Royale, Holmes Beach, 4BR/4BA, auto clean heated inground pool, attached two car garage, on canal, dock, no bridge, 2846 sq. ft. Built 1959…$785,000.

206-B 56th St., Holmes B each, 4BR/3.5BA, 100 yards from beach, attached two car garage, partial gulf view, 2400 sq. ft. New construction…$760,000.

110 South 13th St., Cortez Beach, Bradenton Beach, 2BR/1BA, full bay view, private dock, attached carport, 924 sq. ft. Built 1949…$750,000.

618 Dundee Lane, Key Royale, Holmes Beach, 3BR/2BA, caged inground pool, attached two car garage, on canal, dock, boat lift/davit, 1712 sq. ft. Built 1968…$750,000.

510 72nd St., Bay Palms, Holmes Beach, 3BR/3BA, attached one car garage, on canal, private dock, boat lift/davit, 2040 sq. ft. Built 1962…$712,000.

301 North Shore Drive, Anna Maria, 2-3BR/2BA, steps to beach, attached carport/attached garage, 1985 sq. ft. Built 1986…$699,000.

5803 Flotilla Drive, Holmes Beach, 3BR/2BA, on canal, partial bay view, dock, attached carport, 1398 sq. ft. Built 1961…$$689,000.

74 North Shore Drive, Bimini Bay Colony, Anna Maria, 4BR/3BA, heated inground pool, no garage, 1.5 blocks to beach, 1560 sq. ft. Built 1972…$679,000.

202 75th St., Bay Palms, Holmes Beach, 3-4BR/2.5BA, attached two car garage, 2092 sq. ft. New construction…$676,000.

207 Sycamore Ave., Anna Maria, 2BR/2BA, close to beach, attached carport, partial gulf view, 1362 sq. ft.. Built 1974…$653,000.

7700 Gulf Drive, Holmes Beach, 3BR/2.5BA, west of Gulf Drive/partial gulf view, attached two car garage, 1455 sq. ft. Built 2005…$639,000.

309-A 59th St., Holmes Beach, 3BR/2BA, attached two car garage, all on one floor, 2110 sq. ft. Built 2006…$639,000.

605 North Point Drive, North Point Harbour, Holmes Beach, 2BR/2BA, on deep water canal, private dock, 1950 sq. ft. Built 1982…$628,000.

518 68th St., Bay Palms, Holmes Beach, 3BR/3BA, inground caged pool, canalfront, no bridge/private dock, attached two car garage, 1934 sq. ft. built 1971…$620,000.

403 North Bay Blvd., Anna Maria Beach subdivision, Anna Maria, 3-4BR/3BA, direct bay view, across street from beach, over 1000 ft. covered parking, 2112 sq. ft. Built 1991…$618,000.

516 77th St., Bay Palms, Holmes Beach, 2BR/2BA, on canal, attached one car garage, 1535 sq. ft. Built 1957…$550,000.

527 70th St., Bay Palms, Holmes Beach, 2BR/2BA, on canal, attached two car garage, 1424 sq. ft. Built 1965…$510,000.

509 77th St., Bay Palms, Holmes Beach, 3BR/2BA, inground pool, on canal/private dock, attached two car garage, 1506 sq. ft. Built 1966…$500,000.

304 Palm Ave., Bimini Bay Colony, 3BR/2BA, room for pool, attached one car garage, 1801 sq.. ft.. Built 1974…$500,000.

706 North Shore Drive, Wells Terrace, Anna Maria, 2-3BR/2BA, steps from beach, attached one car garage, 1412 sq. ft. Built 1967…$500,000.

509 67th St., Bay Palms, Holmes Beach, 3BR/2BA, on canal, no bridge/private dock, attached two car garage, 1420 sq. ft. Built 1973…$495,000.

626 Key Royale Drive, Key Royale, Holmes Beach, 2BR/2BA, water views from every room, attached one car garage, 1595 sq. ft.. Built 1966…$479,000.

601 Gladiolus St., Shore Acres, Anna Maria, 2BR/3BA, attached two car carport, 1591 sq. ft. Built 1979…$470,000.

133 White Ave., Holmes Beach, 2BR/1.5BA, west of Gulf Drive, attached one car garage, room for pool, 1708 sq. ft. Built 1960…$455,000.

324 Hardin Ave., Bimini Bay Estates, Anna Maria, 2-3BR/2BA, caged pool, attached carport + garage, 1728 sq. ft. Built 1985…$450,000.

609 North Shore Drive, Anna Maria, 1-2BR/1BA, steps to beach, room for pool, no garage, 648 sq. ft. Built 1944…$427,500.

2710 Avenue B, Sunrise Park, Holmes Beach, 3BR/2BA, views of wide canal + city boat basin, 1030 sq. ft. Built 1957…$390,000.

208 84th St., Holmes Beach, 2BR/2BA, room for pool, no covered parking, 1300 sq. ft. Built 1958…$390,000.

32 Seaside Court, Seaside Gardens, Holmes Beach, 2BR/2BA, overlooks Watson’s Bayou + Key Royale, dock/boat lift, 1278 sq. ft. Built 1965…$375,000.

5805 Imperiore Ave., Neptunes Gardens, Holmes Beach, 2BR/1.5BA, attached carport, turnkey furnished, 1107 sq. ft. Built 1969…$350,000.

2315 Avenue B, Ilexhurst, Bradenton Beach, no covered parking, public dock, 1186 sq. ft. Built 1948…$350,000.

520-A Spring Ave., Anna Maria Beach subdivision, Anna Maria, 2BR/1BA, no covered garage, 700 sq. ft. Built 1930…$350,000.

520-1 Spring Ave., Anna Maria Beach subdivision, Anna Maria, 2BR/1BA, no covered garage, partial bay view, 700 sq. ft. Built 1930…$290,000.

2404 Avenue B Ave., Ilexhurst, Bradenton Beach, 1-3BR/3BA, no covered garage, 1158 sq. ft. Built 1960…$250,000.

Condominiums Sales, July-September 2007

3302 Gulf Drive #201, Sunset Cove, Holmes Beach, 3BR/2.5BA, top floor corner end unit, heated pool, attached two car garage, 2108 sq. ft. Built 2000…$1,250,000.

104 78th St., Holmes Beach, 3BR/2BA, directly on beach, full gulf view, attached two car carport, BBQ/picnic, 2052 sq. ft. Built 1985…$1,038,000.

1007 North Gulf Drive #109, Summer Sands, Bradenton Beach, gulf to bay complex, heated pool, attached four car garage, 3292 sq. ft. Built 1982…$950,000.

3211 Gulf Drive #6, Palm Isle Village, Holmes Beach, 1BR/1.5BA, heated pool, partial gulf view, no covered parking, 730 sq. ft. Built 2007…$605,000.

1325 North Gulf Drive #218, Tortuga Condo, Bradenton Beach, 1BR/1BA, heated pool, full gulf view, gulf + bay, boat access, 476 sq. ft. Built 1996…$386,250.

1325 North Gulf Drive #220, Tortuga Condo, Bradenton Beach, 1BR/1BA, heated pool, full gulf view, gulf + bay, boat access, 476 sq. ft. Built 1996…$386,250.

1603 North Gulf Drive #2, Tradewinds Resort, Bradenton Beach, 1-2BR/1BA, heated pool, private dock, fishing pier, 1+ parking space, 540 sq. ft. Built N/A…$375,000.

6400 Flotilla Drive #32, Westbay Point & Mooring, Holmes Beach, 2BR/2BA, heated pool, tennis, waterfront, drive space, 1450 sq. ft. Built 1977…$351,000.

1603 North Gulf Drive #26, Tradewinds Resort, Bradenton Beach, 1BR/1BA, heated pool, fishing pier, open space parking, 380 sq. ft. Built 1971…$302,500.

2310 North Gulf Drive, Bradenton Beach, 2BR/1BA, full gulf view, assigned parking, 651 sq. ft. Built 1973…$300,000.

820-1 Spring Ave. #1, Anna Maria, 2BR/1BA, partial bay view, fishing pier, 1+ parking space, 700 sq. ft. Built 1930…$290,000.

5400 Gulf Drive #8, Holmes Beach, 1-2BR/1BA, heated pool, gulf side of road, detached one car carport, 810 sq. ft. Built 1964…$285,000.

1801 North Gulf Drive #274, Runaway Bay, Bradenton Beach, heated pool, sauna, shuffleboard, tennis, assigned + guest parking, 1080 sq. ft. Built 1978…$225,000.

1801 North Gulf Drive #166, Runaway Bay, Bradenton Beach, heated pool, sauna, shuffleboard, tennis, 1+ parking space, 691 sq. ft. Built 1978…$160,000.

Duplex Sales, July-September 2007

305 Palm Ave., Anna Maria, 2BR/1BA + 2BR/1BA., two carports, 1800 sq. ft. Built 1957…$417,450.

Lot Sales, July-September 2007

110 South 13th St., Bradenton Beach, bayfront with restored cottage, new dock and deck overlooking bay… $849,000.

2404 Avenue B Ave., Bradenton Beach, bayfront with fixer-upper with rented apartment…$285,000.

Please consider this a special RE-LAUNCH edition.

==========================================

ANNA MARIA ISLAND PROPERTY SALES UP 37% IN THE FIRST HALF OF 2007.

The real estate market on our paradise island continues to buck the trend of the state and most of the nation. Buyers were active in the first half of 2007 compared to the same period last year.

Anna Maria Island Property Sales Report revealed a total of 119 properties were sold in the first six months of this year. January through June 2006 saw only 87 sales. This represents a 37% increase. The table below breaks down the data from the local Multiple Listing Service. This does not include building lots and commercial sales, thus the discrepancy in the total:

Property sales 1/1/07 - 6/30/07

Single family residences: 66 sales averaging $630,000.
Condominiums: 40 sales averaging $540,000.
Duplexes and triplexes: 8 sales averaging $583,000.

Property sales 1/1/06 - 6/30/06

Single family residences: 43 sales averaging $1,009,000.
Condominiums: 29 sales averaging $675,000.
Duplexes and triplexes: 12 sales averaging $688,000.

The average sale prices were down significantly from last year but the numbers do not accurately reflect the drop in property values. One factor is that buyers are closing on lower priced properties this year. The table below breaks down the data by price ranges:

Number of property sales followed by the approximate average sale prices 1/1/07 - 6/30/07:

Price Range ~ SFRs ~ Condos ~ Duplexes

$0 - $500,000 ~ 24 / $417,000 ~ 23 / $369,000 ~ 5 / $419,000
$500,000 - $1,000,000 ~ 35 / $645,000 ~ 16 / $678,000 ~ 2 / $587,000
$1,000,000 - $1,500,000 ~ 6 / $1,225,000 ~ None ~ 1 / $1,395,000
$1,500,000 - $2,000,000 ~ 1 / $1,646,000 ~ None ~ None
Over $2,000,000 ~ 1 / $2,275,000 ~ None ~ None

Number of property sales followed by the approximate average sale prices 1/1/07 - 6/30/07:

Price Range ~ SFRs ~ Condos ~ Duplexes

$0 - $500,000 ~ 8 / $401,000 ~ 17 / $398,000 ~ None
$500,000 - $1,000,000 ~ 23 / $734,000 ~ 7 / $672,000 ~ 12/ $688,000
$1,000,000 - $1,500,000 ~ 5 / $1,349,000 ~ 2 / $1,438,000 ~ None
$1,500,000 - $2,000,000 ~ 3 / $1,825,000 ~ 3 / $1,750,000 ~ None
Over $2,000,000 ~ 4 / $2,772,000 ~ None ~ None

The analysis shows there were 17 properties sold for $1,000,000 or more in the first half of 2006 compared to only eight this year. Year-to-year differential in sales prices by price range for single family residences and condos. (N/A means there was no sales in the price range in one or both of the reporting periods).

Price Range ~ SFRs ~ Condos

$0 - $500,000 ~ Up 4% ~ Down 7.3%
$500,000 - $1,000,000 ~ Down 12.1% ~ Up .9%
$1,000,000 - $1,500,000 ~ Down 9.2% ~ N/A
$1,500,000 - $2,000,000 ~ Down 9.8% ~ N/A
Over $2,000,000 ~ Down 17.9%. ~ N/A

Other positive factors:

Interest rates are fluctuating but are still near historic lows and lenders in the area are offering very attractive programs.

Sellers are negotiating more than ever, excepting better terms and offering more incentives than ever before.

There continues to be brisk activity with 32 current pending sales averaging $583,000 (list price). This does not include all the properties that are part of the amazing plan for Pine Avenue in Anna Maria. This proposal in itself is sending a clear message that it is time to buy!

Tourism is up which means rental income potential makes deals more attractive.

Property taxes will be less this year due to recent legislation and may be even lower if a referendum on the January 29, 2008 ballot passes. The savings will be mostly for those buyers planning to make the property their primary home.

There are so many choices of properties on the market that if buyers are serious about shopping they will likely find just what they want at a price they can afford.

Homes under construction on Anna Maria Island are near record levels. These developers and their lenders are not spooked by the negative reports. You have to wonder what they know that others do not know about where the housing market is heading.

Overall, most experts believe we have passed the low point in the market cycle and smart buyers are jumping in and finding that great deal.

Single Family Residential Sales, January-June 2007

2400 Oak Ave, Bimini Bay Estates, Anna Maria, 4BR/3.5BA, partial bay view, 75 ft. of new seawall with boat dock, attached two car garage, 2769 sq. ft. Preconstruction…$1,646,000.

5311 Sunrise Lane, Holmes Beach, 3BR/2BA, full bay view, dock/no bridge, attached two car garage, gated entry, 3512 sq. ft. Built 1953…$1,500,000.

604 Crestwood Road, Key Royale, Holmes Beach, 4BR/3BA, inground caged pool, on bay, dock, boat lift/davit, attached two car garage, 2993 sq. ft. Built 1960…$1,450,000.

214 Fir Ave., Anna Maria, 6BR/4BA, partial gulf view, attached carport, totally remodeled including new roof, 2840 sq. ft. Built 1969…$1,125,000.

615 North Point Drive, North Point Harbour, Holmes Beach, 3BR/2BA, heated inground caged pool, full bay view, attached two car garage, 1660 sq. ft. Built 1986…$1,100,000.

893 North Shore Drive, Shore Acres, Anna Maria, 4BR/3BA, full bay view, attached one car garage, 2933 sq. ft. Built 1946…$1,100,000.

408 Pine Ave., Anna Maria, 4BR/3BA, heated inground pool, on Lake La Vista, private dock, boat access, seawall, attached two car garage, 3000 sq. ft. Built 2007…$1,075,000.

747 Jacaranda Rd., Shore Acres, Anna Maria, 3BR/3BA, partial gulf view, attached two car garage, 2193 sq. ft. Built 2006…$900,000.

111 50th St., Jones subdivision, Holmes Beach, 4BR/3BA, room for pool, partial gulf view, no garage, 1456 sq. ft.. Built 1982…$900,000.

614 Foxworth Lane, Key Royale, Holmes Beach, 4BR/4BA, inground pool, dock, attached two car garage, 2464 sq. ft. Built 1970…$850,000.

320 Iris St., Luana Isles, Anna Maria, 3BR/3BA, heated inground pool, on canal, dock, boat lift/davit, attached one car garage, 1986 sq. ft.. Built 1968…$841,000.

308 Tarpon St., Bimini Bay Estates, Anna Maria, 3BR/2BA, room for pool, new dock, 2352 sq. ft. Built 1985…$770,000.

206-B 66th St., West Wind Shores, Holmes Beach, 3BR/2.5BA, inground pool, partial gulf view, attached two car garage, 2445 sq. ft. Built 2006…$765,000.

234 Chilson Ave., Bimini Bay Estates, Anna Maria, 4-5BR/3BA, inground caged pool, on canal, dock, boat lift/davit, attached two car garage, 2920 sq. ft. Built 1957…$750,000.

525 69th St., Bay Palms, Holmes Beach, 3BR/2BA, inground caged pool, on canal, dock, boat lift/davit, attached two car garage, 1772 sq.. ft. Built 1968…$740,000.

531 70th St., Bay Palms, Holmes Beach, 3BR/2BA, caged pool, on canal, dock, boat lift/davit, 2080 sq. ft. Built 1964…$739,000.

202-A 75th St., Bay Palms, Holmes Beach, 3-4BR/2.5BA, partial gulf view, attached two car garage, 2092 sq. ft. Under construction…$735,000.

517 58th St.,, Holmes Beach, 3-4BR/2BA, full bay view, two private docks, sq. ft. unavailable. Built 1957…$675,000.

242 South Harbor Drive, Sportsmans Harbor, Holmes Beach, 2BR/2BA, full bay view, attached one car garage, 1041 sq. ft. Built 1953…$675,000.

204 Elm St., Anna Maria, 4BR/2BA, steps to beach, 1512 sq. ft. Built 1925…$650,000.

106 Gulf Drive, Luana Isles, Anna Maria, 3BR/2BA, on natural mangrove canal, dock, attached two car garage, 1808 sq. ft. Built 1991…$650,000.

218 South Harbor Drive, Sportsmans Harbor, Holmes Beach, 4BR/2BA, inground pool, partial bay view, private dock, 1940 sq. ft. Built 1957…$640,000.

233 Gladiolus St., Luana Isles,, Anna Maria, 4BR/2BA, heated inground pool, on canal, private dock, 3328 sq. ft. Built 1979…$630,000.

307 64th St., Holmes Beach, 3BR/2.5BA, room for pool, two car garage, 2294 sq. ft. Built 2006…$625,000.

309 64th St., Holmes Beach, 3BR/2.5BA, room for pool, two car garage, 2294 sq. ft. Built 2006…$615,000.

105 Mangrove Ave., Anna Maria Beach, Anna Maria, 2BR/2BA, one house to gulf, attached carport, 936 sq. ft. Built 1963…$600,000.

220 84th St., Holmes Beach, 3BR/2.5BA, inground pool, dock, attached two car garage, 1785 sq. ft. Built 1971…$595,000.

603 Emerald Lane, Key Royale, Holmes Beach, 3BR/2BA, heated inground pool, over 200 feet of seawall, two car attached garage, 2150 sq. ft. Built 1969…$595,000.

127 Crescent Drive, Lake La Vista, Anna Maria, 3BR/2BA, attached two car garage, 1922 sq. ft. Built 1994…$585,000.

511 70th St., Bay Palms, Holmes Beach, 3BR/3BA, inground caged pool, private dock, attached two car garage, 1619 sq. ft. Built 1975…$580,000.

507 68th St., Bay Palms, Holmes Beach, 2BR/2BA, on Grand Canal, dock, attached two car garage, 1269 sq. ft. Built 1971…$575,000.

604 Baronet Lane, Key Royale, Holmes Beach, 4BR/2BA, huge canalfront lot, 1948 sq. ft. Built 2005…$565,000.

213 Sycamore Ave., Anna Maria, 2BR/1BA, steps to beach, partial gulf view, 812 sq. ft. Built 1959…$550,000.

206 67th St., West Wind Shores, Holmes Beach, steps to beach, 2139 sq. ft. Built 1956…$550,000.

207 North Harbor Drive, Sportsmans Harbor, Holmes Beach, 4BR/3BA, inground pool, private dock, 1624 sq. ft. Built 1978…$550,000.

230 Oak Ave., Bimini Bay Estates, Holmes Beach, 3BR/2BA, on canal, dock, boat lift/davit, 1421 sq. ft. Built 1979…$545,000.

219 North Harbor Drive, Sportsmans Harbor, Holmes Beach, 2BR/2BA, full bay view, on deep canal, attached one car garage, 1578 sq. ft. Built 1960…$539,000.

232 Oak Ave., Bimini Bay Estates, Anna Maria, 3BR/3BA, on canal, boat lift/davit, attached one car garage, 1974 sq. ft. Built 1960…$535,000.

619 Gladstone Lane, Key Royale, Holmes Beach, 2BR/2BA, on canal, attached two car garage, 2249 sq. ft. Built 1974…$535,000.

101 Gulf Drive, Luana Isles, Anna Maria, 2BR/2BA, on canal, boat lift/davit, private dock, attached one car garage, 1390 sq. ft. Built 1972…$532,500.

5804 Imperiore Ave., Neptunes Gardens, Holmes Beach, 3BR/2BA, room for pool, 1292 sq. Ft.. Built 1969…$510,000.

510 83rd St., Bay Palms, Holmes Beach, 3BR/3BA, on canal, no bridge, private dock, attached one car carport, 1826 sq. ft. Built 1959…$505,000.

7906 Marina Drive, Holmes Beach, 3BR/3BA, canal view, room for pool, attached two car carport, 1850 sq. ft. Built 2005…$500,000.

301 Church Ave., Azure Shores, Bradenton Beach, 3BR/1BA, partial bay view, attached two car carport, 1344 sq. ft. Built 1950…$500,000.

120 Oak Ave., Anna Maria Beach subdivision, 3BR/1.5BA, west of Gulf Drive, attached carport, 1223 sq. ft. Built 1971…$485,000.

5801 Flotilla Drive, Holmes Beach, 3BR/2.5BA, inground caged pool, end of canal, dock, no bridge, attached two car garage, 1644 sq. ft. Built 1972…$484,000.

308 66th St., Key Royale, Holmes Beach, 2BR/2BA, close to gulf, room for pool, attached one car garage, 1326 sq. ft. Built 1961…$480,000.

507 66th St., Holmes Beach, 2BR/2BA, canal home, private dock, boat lift/davit, attached one car garage, 1273 sq. ft. Built 1967…$465,000.

84 North Shore Drive, Anna Maria, 2-3BR/2BA, two blocks from beach and bay, attached one car garage, 1282 sq. ft. Built 1973…$460,000.

108 Palmetto Ave., Anna Maria, 2BR/2BA, block to beach, attached one car garage, 1232 sq. ft. Built 1966…$459,550.

309 66th St., Holmes Beach, 2-3BR/2.5BA, heated inground pool, partial bay/partial gulf view, attached two car garage, 1536 sq. ft. Built 1990…$456,000.

612 69th St., Bay Palms, Holmes Beach, 2BR/2BA, on canal, seawall, attached one car garage, 1588 sq. ft.. Built 1969…$455,000.

2802 Avenue C, Ilexhurst, Holmes Beach, 2BR/2BA, attached four car garage, 1100 sq.. ft. Built 1990…$435,000.

203-A 70th Ave., Holmes Beach, 1BR/1BA, inground concrete pool, attached one car carport, 770 sq. ft. Built 1955…$425,000.

305 Magnolia Ave., Bimini Bay Colony, Anna Maria, 3-4BR/2BA, above ground pool, attached two car garage, 2122 sq. ft. Built 1980…$421,000.

214 Pine Ave., Anna Maria, 2BR/1BA, close to beach, 716 sq. ft. Built 1935…$400,000.

123 Hammock Drive, Coconut Bayou, Anna Maria, 3BR/2BA, attached one car garage, 1288 sq. ft. Built 1981…$400,000.

6325 Gulf Drive, North Beach Village, Holmes Beach, 3BR/2BA, heated pool, partial gulf view, attached two car garage, 1206 sq.. ft. Built 1988…$400,000.

405 Bay Palma Drive, Bay Palms subdivision, Holmes Beach, 2BR/2BA, inground pool, attached one car garage, 1124 sq. ft. Built 1968…$400,000.

104 South 11th St., Cortez Beach subdivision, Bradenton Beach, 2BR/2B, partial bay/partial gulf view, 1048 sq. ft.. Built 1912…$375,000.

5608 Carissa #A&B, Holmes Beach, 2BR/2BA, attached two car garage, 1208 sq. ft. Built 1971…$365,000.

2711 Avenue C, Sunrise Park, Holmes Beach, 3BR/2BA, 1378 sq. ft. Built 1958…$362,500.

206 55th St., Holmes Gulf to Bay, Holmes Beach, 3BR/2BA, 1632 sq. ft. Built 1968…$350,000.

520 Spring Ave., Anna Maria, 2BR/1BA, one block from bay, 700 sq. ft. Built 1930…$285,000.

304 57th St., Holmes Beach, two blocks from beach, 864 sq. ft. Built 1968…$220,000.

206 55th St., Holmes Gulf to Bay, Holmes Beach, 3BR/2BA, 1632 sq. ft. Built 1968…$350,000.

Condominium Sales, January-June 2007

5622 Gulf Drive #4, Vista Grande, Holmes Beach, 3BR/3BA, full gulf view, heated pool, spa/hot tub, attached one car garage, 2000 sq. ft. Built 2006…$2,350,000.

1441 Gulf Drive #28, Bermuda Bay Club, Bradenton Beach, 3BR/2.5BA, on bay, heated pool, spa/hot tub, attached two car garage, 1524 sq. ft. Built 1999…$985,000.

1906 North Gulf Drive NE #106, Bradenton Beach, 2BR/2BA, direct gulf front unit, heated pool, 1072 sq. ft. Built 1985…$889,000.

1453 North Gulf Drive #4, Bermuda Bay Club, Bradenton Beach, 3BR/2.5BA, partial gulf/bay views, heated pool, spa/hot tub, attached two car garage, 1524 sq. ft. Built 1999…$785,000.

2600 North Gulf Drive #23, Anna Maria Island Club, Bradenton Beach, 2BR/2BA, direct gulf front, heated pool, attached carport, 1179 sq. ft. Built 1984…$775,000.

206-B 66th St., West Wind Shores, Holmes Beach, 3BR/2.5BA, pool, partial gulf view, attached two car garage, 2445 sq. ft. Built 2006…$765,000.

202-A 75th St., Bay Palms, Holmes Beach, 3-4BR/2.5BA, attached two car garage, 2092 sq.. ft. Built 2007…$735,000.

2600 North Gulf Drive, Anna Maria Island Club, Bradenton Beach, 2BR/2BA, heated pool, full gulf view, attached carport, 1179 sq. ft. Built 1984…$725,000.

2106 North Gulf Drive #D4, Bradenton Beach, 2BR/2BA, attached carport, full gulf/partial bay views, 1117 sq. ft. Built 1998…$690,000.

5200 Gulf Drive, Martinique South, Holmes Beach, 2BR/2BA, heated pool, full gulf view, detached carport, 1169 sq. ft. Built 1970…$600,000.

104 South Gulf Drive #102, Gulf Front, Bradenton Beach, 2BR/2BA, heated pool, full gulf view, attached carport, 1029 sq. ft. Built 1980…$582,000.

5300 North Gulf Drive, Martinique North, Holmes Beach, 2BR/2BA, heated pool, gulf views, detached garage, 1057 sq. ft. Built 1971…$560,000.

7000 Gulf Drive #107, Tiffany Place, Holmes Beach, 2BR/2BA, heated pool, partial gulf view, attached carport, 1259 sq. ft. Built 1978…$560,000.

5200 Gulf Drive #505, Martinique South, Holmes Beach, 2BR/2BA, heated pool, beach + bay views, attached carport, 1169 sq. ft. Built 1970…$535,000.

312 63rd St. #5B,, Bay Palms, Holmes Beach, 3BR/2.5BA, attached two car garage, 1875 sq. ft. Built 2005…$530,000.

312 63rd St. #5A, Bay Palms, Holmes Beach, 3-4BR/2.5BA, attached two car garage, 1875 sq. ft.. Built 2005…$520,000.

7906 Marina Drive, Holmes Beach, 3BR/3BA, attached two car garage, canal views, room for pool, 1850 sq. ft. Built 2005…$500,000.

6400 Flotilla Drive #76, Westbay Point Y Mooring, Holmes Beach, 2BR/2BA, heated pool, tennis, detached carport, 1377 sq. ft. Built 1978…$455,500.

6250 Holmes Blvd. #32, North Beach Village, Holmes Beach, 3BR/2.5BA, pool, attached two car garage, 1536 sq. ft. Built 1990…$455,000.

6250 Holmes Blvd. #37, North Beach Village, Holmes Beach, 3BR/2.5B A, pool, attached two car garage, 1536 sq. ft. Built 1992…$450,000.

6250 Holmes Blvd. #62, North Beach Village, Holmes Beach, 3BR/2.5BA, pool, two car garage, 1536 sq. ft. Built 1990…$437,500.

321 64th St. #8A, Holmes Beach, 3BR/2.5BA, pool, attached two car garage, 1875 sq. ft. Built 2006…$425,000.

1325 North Gulf Drive, Tortuga Condo, Bradenton Beach,, 2BR/1BA, heated pool, 675 sq. ft. Built 1976…$425,000.

110 South 12th St. #122, Gulf To Bay Moorings, Bradenton Beach, 2BR/2BA, full bay view,, dock, attached carport, 896 sq. ft. Built 1982…$425,000.

501 North Gulf Drive #101, Bridgeport, Bradenton Beach, 2BR/2BA, heated pool, full gulf view, attached garage, 1430 sq. ft. Built 1982…$425,000.

6325 Gulf Drive, North Beach Village, Holmes Beach, 3BR/2BA, heated pool, partial bay view, attached two car garage, 1206 sq. ft. Built 1988…$400,000.

1603 North Gulf Drive #15, Tradewinds Resort, Bradenton Beach, 1BR/1BA, heated pool, bay view, dock/fishing pier, 540 sq. ft. Built 1971…$375,000.

600 Manatee Ave. #143, Westbay Cove, Holmes Beach, 2BR/2BA, heated pool, tennis, partial bay view, 1179 sq. ft. Built 1977…$368,000.

6500 Flotilla Drive #233, Westbay Point & Mooring, Holmes Beach, 2BR/2BA, heated pool, spa/hot tub, tennis, 1114 sq. ft. Built 1979…$355,000.

4255 Gulf Drive #126, Island Village, Holmes Beach, 3BR/2BA, heated pool, tennis, attached carport, 1367 sq. ft. Built 1981…$350,000.

749 Manatee Ave. #35, Westbay Cove South, Holmes Beach, 2BR/2BA, heated pool, tennis, full bay view, 1187 sq. ft. Built 1977…$337,500.

6200 Flotilla Drive #268, Westbay Point & Mooring, Holmes Beach, 2BR/2BA, heated pool, spa/hot tub, tennis, water view, 1135 sq. ft. Built 1972…$320,000.

6500 Flotilla Drive #154, Westbay Point & Mooring, Holmes Beach, 2BR/2BA, heated pool, tennis, detached carport, 1114 sq. ft. Built 1978…$315,000.

3607 East Bay Drive #205, Sandy Pointe, Holmes Beach, 2BR/2BA, heated pool, partial bay view, attached two car garage, 976 sq. ft. Built 1996…$315,000.

6200 Flotilla Drive #306, Westbay Point & Mooring, Holmes Beach, 2BR/2BA, heated pool, full bay view, spa/hot tub, tennis, 1185 sq. ft. Built 1979…$300,000.

117 North 7th St. #40, Bay View Terrace, Bradenton Beach, 2BR/1BA, heated pool, full bay view, 864 sq. ft. Built 1973…$300,000.

1603 North Gulf Drive #28, Tradewinds Resort, Bradenton Beach, 1BR/1BA, heated pool, dock, 380 sq. ft. Built 1971…$295,000.

1105 South Gulf Drive #1A, Cortez Beach, Bradenton Beach, 1BR/1BA, 586 sq. ft. Built 1978…$237,000.

611 North Gulf Drive #D25, Imperial House, Bradenton Beach, 2BR/1BA, heated pool, partial gulf view, fishing pier, 794 sq. ft.. Built 1969…$232,900.

Duplex and Triplex Sales, January-June 2007

214 Fir Ave., Anna Maria, two+ stories, 3BR/2BA + 3BR/2BA, each 1420 sq. ft., gulf views from decks. Built 1969…$1,395,000.

312 60th St., Holmes Beach, two+ stories, 3BR/2.5BA + 3BR/2.5BA, two separate dwellings. Under construction…$650,000.

203 70th St., West Wind Shores, Holmes Beach, 1BR/1BA + 1BR/1BA, close to gulf. Built 1955…$525,000.

2809 Avenue E., Ilexhurst, Holmes Beach, 2BR/2BA + 2BR/1BA + 2BR/1BA, partial gulf views. Built 1945…$460,000.

213 67th St., West Wind Shores, Holmes Beach, 2BR + 1BA + 2BR/1BA, 1.5 blocks to beach. Built 1971…$425,000.

211 Elm Ave., Anna Maria, 2BR/1BA + 2BR/1BA. Built 1971…$425,000.

795 Jacaranda Rd., Shore Acres, Anna Maria, 2BR/1BA +2BR/1BA, steps from beach. Built 1968…$420,000.

2915-S Avenue E #2, Holmes Beach, 2BR/2BA, heated pool, 350 ft. to beach, 725 sq. ft. Built 2006…$610,000.

5608 Carissa, Holmes Beach, 1BR/1BA + 1BR/1BA. Built 1971…$365,000.

Lot Sales, January-June 2007

507 68th St., Bay Palms, Holmes Beach, southern exposure on the Grand Canal, 80 X 102 feet, $575,000.

509 Magnolia Ave., Lardas subdivision, Anna Maria, 75 X 116 feet on canal opening onto Tampa Bay, $550,000.

301 Church Ave., Azure Shores, Bradenton Beach, 102 X 100 feet, partial bay view, $500,000.

203-A 70th St., Holmes Beach, 0.11 acres, steps to gulf, new pool. $425,000.

No. Palm Ave., Bimini Bay Estates, Anna Maria, two boat slips 20 ft. each with dock. $90,000.

AMIPSR is published in association with Island Vacation Properties of Holmes Beach, Florida. The following is a list of properties currently on the market through IVP. This data is useful to identify what the price ranges are for certain island properties. If you have any question about any of these listings, please contact Barry Gould at 941-448-5500.

Island Vacation Properties Listings, Aug. 5, 2007

105 39th St., Holmes Beach, commercial, $5.2 million. Ted Schlegel/Barry Gould

5605 Carissa St., Holmes Beach, four luxury condos designed as free standing homes. All four are 3BR/2.5BA each with private heated pool and pool side kitchen. Prices start at $995,000. Ted Schlegel/Barry Gould

1700 North Gulf Drive, Unit D, Bradenton Beach, condo, 3BR/2BA, $1.6 million. Barry Gould/Ted Schlegel

1000 Gulf Drive, Bradenton Beach, Unit 8, condo, 1BR/1BA, $505,000. Ted Schlegel

2914 Gulf Drive, Holmes Beach, duplex, 3BR/2BA, $798,000. Ted Schlegel

2110 Avenue B, Holmes Beach, duplex, 3BR/3BA, $598,000. Ted Schlegel

2912 Gulf Drive, Holmes Beach, duplex, 3BR/3BA, $698,000. Ted Schlegel

205 South Bay Blvd, Holmes Beach, bay view lot, $899,900. Ed Kirn

1000 Gulf Drive, Unit 9, Bradenton Beach condo, 1BR/1BA, $545,000. Tom Caron

611 North Gulf Drive, C-13, Bradenton Beach, condo, 1BR/1BA, $265,000. Mel & Barbara Neely

2310 Gulf Drive, Unit 4, Holmes Beach, condo, 2BR/1BA, $595,000. Ted Schlegel/Barry Gould

5300 Gulf Drive, Unit G, Martinique North, Holmes Beach, condo, 2BR/2BA, heated pool, $595,000. Ed Kirn

205 35th St., Holmes Beach, duplex, 2BR/2BA, $525,000. Ted Schlegel/Barry Gould

3003 Avenue C, Holmes Beach, home, 2BR/3BA, bonus room and garage, $479,500. Ed Kirn

1801 North Gulf Drive, Unit 266, Runaway Bay, Holmes Beach, condo, heated pool, 1BR/1BA, $325,000. Michael Northfield

3302 Gulf Drive, Unit 201, Holmes Beach, condo, 3BR/2.5BA, $1.68 million. Mel & Barb Neely

3306 4th Avenue, Holmes Beach, home, 4BR/3BA, $3.5 million. Mel & Barb Neely

2728 Avenue E, Holmes Beach, direct beachfront home, 3BR/2BA, $2.28 million. Ted Schlegel/Barry Gould

710 North Shore Drive, Anna Maria, building lot, $599,000. Michael Northfield

6404 Gulf Drive, L’Plage Condominium, Holmes Beach, Luxury beachfront unit, beautifully furnished with large heated pool and spa. 3BR/3BA, $1.875 million.Barry Gould/Ted Schlegel

6200 Flotilla Drive, Unit 314, Holmes Beach, condo, 2BR/2BA, heated pool, $439,000. Ted Schlegel/Barry Gould

6102 Marina Drive, Holmes Beach, duplex with heated pool, 2BR/2BA, $699,000, Mel/Barbara Neely

102 39th St., #2, Alamanda, Holmes Beach, 1BR/1BA, $348,000. Barry Gould/Ted Schlegel

102 39th St., #4, Holmes Beach, condo, 1BR/1BA, $525,000. Barry Gould/Ted Schlegel

102 39th St., #6, Holmes Beach, condo, 1BR/1BA, $514,000. Barry Gould/Ted Schlegel

102 39th St., #7, Holmes Beach, condo, 1BR/1BA, $514,000. Barry Gould/Ted Schlegel

1000 Gulf Drive, #5, Bradenton Beach, condo, 1BR/1BA, $500,000. Mel Neely

103/105 4th St. South, Bradenton Beach, condo, 10BR/5BA, $749,000. Barry Gould/Ted Schlegel

512 Spring Ave., #10, Anna Maria, condo, 1BR/1BA, $398,000. Barry Gould/Ted Schlegel

201 35th St., #4, Holmes Beach, condo, 2BR/1.5BA, $619,000. Ted Schlegel/Barry Gould

611 North Gulf Drive, Bradenton Beach, condo, 1BR/1BA, $240,000. Mel/Barb Neely

113 31st St., Holmes Beach, home, 3BR/2BA, $898,000. Ted Schlegel/Barry Gould

3017 Avenue E, Holmes Beach, commercial, $1.38 million. Ted Schlegel/Barry Gould

3705 East Bay Drive, #114, Holmes Beach, condo, 2BR/2BA, $396,000. Barry Gould/Ted Schlegel

3501 Gulf Drive, Holmes Beach, commercial, 9BR/6BA, $1.635 million. Barry Gould/Ted Schlegel

105 39th St., #2, Holmes Beach, condo, 1BR/1BA, $449,000. Barry Gould/Ted Schlegel

512 Spring Ave, #1, Anna Maria, condo, 1BR/1BA, $470,000. Barry Gould/Ted Schlegel,

512 Spring Ave, #2, Anna Maria, condo, 1BR/1BA, $298.000. Ted Schlegel/Barry Gould

512 Spring Ave., #3, Anna Maria, condo, 1BR/1BA, $199,900. Barry Gould/Ted Schlegel

512 Spring Ave., #4, Anna Maria, condo, 1BR/1BA, $330,000. Barry Gould/Ted Schlegel

512 Spring Ave., #5, Anna Maria, condo, 1BR/1BA, $310,000. Barry Gould/Ted Schlegel

512 Spring Ave., #6, Anna Maria, condo, 1BR/1BA, $340,000. Barry Gould/Ted Schlegel

512 Spring Ave., #7, Anna Maria, condo, 1BR/1BA, $340,000. Barry Gould/Ted Schlegel

512 Spring Ave/ #8, Anna Maria, condo, 1BR/1BA, $515,000. Barry Gould/Ted Schlegel

512 Spring Ave., #12, Anna Maria, condo, 2BR/1BA, $398,000. Barry Gould/Ted Schlegel

512 Spring Ave., #14, Anna Maria, condo, 1BR/1BA, $310,000. Barry Gould/Ted Schlegel

512 Spring Ave/. #15, Anna Maria, condo, 1BR/1BA, $340,000. Barry Gould/Ted Schlegel

512 Spring Ave., #16, Anna Maria, condo, 1BR/1BA, $310,000. Barry Gould/Ted Schlegel

512 Spring Ave., #17, Anna Maria, condo, 1BR/1BA, $589,000. Barry Gould/Ted Schlegel

110 36th St., #5, Holmes Beach, condo, 3BR/2BA, $1.095 million. Barry Gould/Ted Schlegel

2814 Gulf Drive, #A, Holmes Beach, condo, 2BR/1BA, $395,000. Barry Gould/Ted Schlegel

2814 Gulf Drive, #B, Holmes Beach, condo, 2BR/1BA, $385,000. Barry Gould/Ted Schlegel

2814 Gulf Drive, #C, Holmes Beach, condo, 1BR/1BA, $299,000. Barry Gould/Ted Schlegel

2312 Gulf Drive, #201, Holmes Beach, condo, 2BR/1.5BA, $650,000. Mel Neely/Ed Kirn

201 76th St., Holmes Beach, duplex, 4BR/2BA, $729,000. Ted Schlegel/Barry Gould

3705 Gulf Drive, Holmes Beach, duplex, 4BR/3BA, $769,000. Mel/Barb Neely

5200 Gulf Drive, #408S, Holmes Beach, condo, 3BR/3BA, $795,000. Ted Schlegel/Barry Gould

Just eight homes were sold in September 2006 versus 19 in the same month in 2005. The average sale price in 2006, when three properties sold for over $1 million, was $824,375. versus $729975. in September 2005. Days on the market for the eight single family homes sold in September ‘06 averaged 219 versus 57 in September ‘05.

There were also four condominium sales in September ‘06, at an average sales price of $825,000. In September 2005, comparable figures showed nine condos sold at an average sale price of $541,644. Days on the market for the four units sold in September 2006 averaged 114 versus 50 in September ‘05.

There was one lot sale, after 64 days on the market, but no duplex or commercial sales this past September. In contrast, September ‘05 saw three duplex and triplex sales at an average price of $665,667.

Single Family Residential Sales, September 2006

617 Key Royale Drive, Key Royale, Holmes Beach, 3BR/2BA, attached two car garage + drive space, dock, boat lift/davit, no bridge, full bay view, 2.653 sq. ft. Built 1965…$1.5 million.

417 28th St., Sunrise Park, Holmes Beach, 4BR/2BA, solar heated pool, dock, boat lift/davit, Anna Maria Sound view, 2,459 sq. ft. Built 1978…$1.1 million.

238 Lakeview Drive, Lake La Vista, Anna Maria, 3-4BR/2BA, inground caged heated pool, attached four car garage, dock, boat lift/davit, 2,281 sq. ft. Built 1006…$1.1 million.

603 North Point Drive, North Point Harbour, Holmes Beach, 4BR/3BA, heated inground pool, no bridge, private dock, partial bay view, 2,360 sq. ft. Built 1986…$825,000.

608 Key Royale Drive, Key Royale, Holmes Beach, 3BR/2BA, update completed December 2004, 2,066 sq. ft. Built 1963…$650,000.

312 B-61st St., Holmes Beach, 3BR/2BA, inground concrete pool, attached two car garage, 1,700 sq. ft. Built 2006…$640,000.

521 North Bay Blvd., Anna Maria, 3BR/2BA, attached carport + drive space, steps to Tampa Bay, 1,246 sq. ft. Built 1975…$460,000.

6923 Holmes Blvd., Clark Spring Lake, Holmes Beach, 2BR/2BA, atttached one car garage + drive space, deeded access to Spring Lake, 860 sq. ft. Built 1982…$320,000.

Condominium Sales, September 2006

6424 Gulf Drive #7, L’Plage, Holmes Beach, 3BR/2BA, panoramic gulf views/frontage, heated pool, spa/hot tub, attached two car garage, 2,132 sq. ft. Built 2003…$1,950,000.

2600 North Gulf Drive #48, Anna Maria Island Club, Anna Maria, 2BR/2BA, heated pool, spa/hot tub, on gulf, attached carport + guest parking, 1,179 sq. ft. Built 19XX…$785,000.

203 64th St. #A, Linda Vista, Holmes Beach (next to North Beach Village), 1BR/1BA, heated pool, drive space, across from gulf beach, 591 sq. ft. Built 1957…$285,000.

1801 North Gulf Drive #221, Runaway Bay, Bradenton Beach, 2BR/2BA, heated pool, BBQ/picnic, shuffleboard, clubhouse, no covered parking, 1,080 sq. ft. Built 1978…$280,000.

Lot Sales, September 2006

816 South Bay Blvd., Anna Maria, views of sea, sky and Sunshine Skyway…$1,050,000.

October 2006 Sales

Although more single family residences were sold in October 2006 (nine) than in September 2005 (eight), the market remained sluggish, with just two condos and one duplex sold in that month. Ironically, there were the same number of closings in October as in September, 13.

Average sales price of a single family residence sold in October ‘06 was $702,060, with the average home on the market for 107 days. REDO AVERAGE BASED ON 9 HOMES

Average sales price of the two condominiums sold in October ‘06 was $494,500, versus an average sale price of $528,931. For the 23 condos sold in October ‘05, the average sale price was $528,931.

The one duplex that changed hands in October ‘06 went for $375,000.

Single Family Residences Sold October 2006

12108 Gulf Drive, Anna Maria, 2BR/1BA, gulf frontage to west and no neighbor to north, state permit for maximum footprint approved for 3,400sq. ft. under roof…$1,850,000

526 Kumquat Drive, Anna Maria, 3-4BR/2.5BA, inground pool, dock, boat lift/davit, attached four car garage, 2,480 sq. ft. Built 2000…$1,135,000.

4808-B Gulf Drive, Holmes Beach, 3BR/3BA, inground pool, partial bay/partial gulf view, attached two car garage, 2,200 sq. ft. Built 2006…$821,500.

4808-A Gulf Drive, Holmes Beach, 3BR/2.5BA, inground pool, partial bay/partial gulf view, attached two car garage, 2,200 sq. ft. Built 2006…$759,000.

313 64th St., Holmes Beach, 3BR/2.5BA, inground pool, attached two car garage + drive space, 2.5 blocks to beach, 1,875 sq. ft….$640,000.

642 Key Royale Drive, Key Royale, Holmes Beach, 3BR/1.5BA, water view, boat access, attached two car garage, 2,200 sq. ft. Built 1968…$570,000.

206 Willow Ave., Anna Maria, 2BR/1BA, drive space, short walk to gulf, 1,073 sq. ft. Built 1959…$445,000.

408 Clark Drive, Clark Spring Lake, Holmes Beach, 2BR/2Baattached one car garage, deeded boat dock, no bridge, 1,406 sq. ft. Built 1957…$415,000.

2601 Gulf B-4 Drive North, Sandpiper Resort Coop, Bradenton Beach, 2BR/1BA, beach, private dock, partial bay view, 876 sq. ft. Built 1952…$145,199.

Condominiums Sold October 2006

313 64th St. #A, Holmes Beach, 3BR/2.5BA, private pool, attached two car garage + drive space, 1,875 sq. ft. Built 2006…$644,000.

522 Pine Ave. #3B, Bayou Anna Maria, 2BR/1BA, 1+ parking space + assigned + guest parking, dock, on bayou boat access, 822 sq. ft. Built 1973…$345,000.

Duplexes Sold October 2006

6602 Holmes Blvd. West Wind Shores, Holmes Beach, 1BR/1BA + 2BR/1BA room for pool. Built 1970…$375,000.

Lots Sold October 2006

12108 Gulf Drive, full gulf view, beach access, state permit for maximum footpring approved for 3,400 sq. ft. under roof…$1,850,000.

108 Gulf Drive, Luana Islanes, Anna Maria, canal front buildable lot, short walk to beach or bay…$475,000.

November 2006 Sales

November was the low point for real estate sales on Anna Maria island, with just one single family residence sold that month, along with two condos, one duplex and one commercial property.

In contrast, eight single family residences were sold in November ‘05 at an average sale price of $759,375. There were also 12 condominium sales at an average price of $504,614. And two duplex and triplex sales, with an average price of $785,000.

Single Family Residences Sold November 2006

857 North Shore Drive, Shore Acres, Anna Maria, 3BR2BA, full bay view, attached two car garage, 1,827 sq. ft. Built 1972…$1,150,000.

Condominiums Sold November 2006

3704 6th Ave. #5, Holmes Beach, 2BR/2BA, pool, steps to beaches, BBQ/picnic, attached carport (3), 1,157 sq. ft. Built 1984…$370,000.

3301 Gulf Drive #8, Sea Pirates, Holmes Beach, 2BR/1BA, heated pool, steps to beach, BBQ/picnic, drive space, 700 sq. ft. Built 1969…$329,000.

Duplexes Sold November 2006

216 69th St., West Wind Shores, Holmes Beach, 2BR/2BA + 2BR/2BA. New heated pool, two garages, one block to beach, 1300 + 1100 sq. ft. Built 1984…$749,000.

Commercial Sales November 2006

6000 Marina Drive, Holmes Beach, candidate for professional office, retail or medical, three sides road frontage approx. 220′ Marina Drive, 7000 sq. ft. building. Built 1960…$990,000.

December 2006 Sales

Although no duplexes, lots or commercial properties were sold in December 2006, eight single family residences and two condominiums did change hands. All of the inventory that moved was at the lower end of the spectrum price-wise: average single family residence sale price was $485,688 and average condo sale price was $360,950.

In contrast, December ‘05 saw seven single family residential sales at an average price of $735,775. That same month, there were 12 condominium sales at an average sale price of $450,500 and one duplex/triplex sale, $746,500. Two lots also changed hands in December ‘05, with an average sale price of $651,944.

Single Family Residence Sales December 2006

310-B 61st St., Holmes Beach, 3BR/2.5BA, heated inground pool, attached two car garagem + drive space, 2,114 sq. ft. Built 2005…$690,000.

233 Gladiolus St., Luana Isles, Anna Maria, 4BR/2BA, on canal, heated inground pool, attached garage + circle + drive space parking, private dock, 3,328 sq. ft. Built 1979…$540,000.

130 Lakeview Drive, Lake La Vista, Anna Maria, 3BR/2BA, waterfront setting, private dock, lake view, attached one car garage, 1,634 sq. ft. Built 1969…$539,000.

412 79th St., Bay Palms, Holmes Beach, 2BR/1BA, attached carport (1) + drive space, recenty renovated, steps to beach or bay, 1,001 sq. ft. Built 1960…$492,500.

108 8th St. S., Cortez Beach, 2BR/2BA, heated inground pool, spa/hot tub, elevated gulf + bay views, drive space, 1,668 sq. ft. Built 1920…$479,000.

135 Crescent Drive, Lake La Vista, Anna Maria, 2BR/2BA, room for pool, dock, attached carport (1) + drive space, 1,033 sq. ft. Built 1972…$440,000.

726 Holly Road, Shore Acres, Anna Maria, 2BR/2BA, 2BR/1.5BA, attached carport (1) + drive space, room for pool, 1,140 sq. ft. Built 1972…$400,000.

108 N 2nd St. S, Azure Shores, Bradenton Beach, 2BR/2BA, 2BR/1BA, attached one car garage + drive space, close to gulf, 813 sq. ft. Built 1926…$305,000.

Condominium Sales December 2006

201 35th St. #3, Anna Maria Beach Place, Holmes Beach, 1BR/1BA, heated pool, partial gulf view, no covered garage, 630 sq. ft. Built 1969…$499,000.

117 N 7th St. #14, Bay View Terrace, Bradenton Beach, 1BR/1BA, heated pool, partial bay/partial gulf view, steps to beach, 648 sq. ft. Built 1973…$222,900.

This issue of AMIPSR starts with a new feature that presents a brief overview and summary of island single family residences, condos and duplexes/triplexes. (Abbreviations: SFR: single family residences; ASP: Average sale price; ALP: Average listing price; DOM: Days on market; $SF: Price per square foot.) .

Current active listings:

SFR: 286 units / ALP: $1043K / $SF: $609K
CONDOS: 329 units / ALP: $729K / $SF: $870K
DUP/TRIP: 73 units / ALP: $870K / $SF: $473K
TOTALS: 688 units / ALP: $883K / $SF: $565K

Current pending sales:

SFR: 15 units / ALP: $943K / $SF: $458K / DOM: 140 days
CONDOS: 7 units / ALP: $1044K / $SF: $703K / DOM: 128 days
DUP/TRIP: 1 units / ALP: $490K / $SF: $342K / DOM: 63 days
TOTALS: 23 units / ALP: $825K / $SF: $501K / DOM: 110 days

July and August, 2006 sales quick facts:

SFR: 12 units / ASP: $985K / $SF: $423K / DOM: 122 days
CONDOS: 15 units / ASP: $718K / $SF: $611K / DOM: 79 days
DUP/TRIP: 3 units / ASP: $1017K / $SF: $520K / DOM: 113 days
TOTALS: Sales: $25,645,000 / 30 units / ASP: $906K / $SF: $518 / DOM: 104 days

July and August, 2005 sales quick facts:

SFR: 36 units / ASP: $830K / $SF: $479K / DOM: 74 days
CONDOS: 40 units / ASP: $742K / $SF: $538K / DOM: 112 days
DUP/TRIP: 15 units / ASP: $683K / $SF: $380K / DOM: 115 days

TOTALS: Sales: $69,775,000 / 91 units / ASP: $751K / $SF: $466 / DOM: 100 days

Be aware, these are not enough pending and/or closed sales to establish any kind of trend.

The MLS data used in these quick facts does not include additional sales recorded by the Manatee County Property Appraiser’s Office, which brings the grand total of dollars spent for real estate on in July and August to $31,737,500.

POSITIVE SIGNS

The average 30-year fixed rate mortgage rate nationally reported by Freddie Mac this week was at 6.4%. The rate has been dropping gradually since July and equals the March 2006 level. The Southeast region is the lowest in the country at 6.31% this week.No hurricane issues as of yet for 2006.

Red tide was non-existent on Anna Maria Island until a few weeks ago and is not a major problem so far.

The reports from island rental agencies indicate the strongest July occupancy rates on record and the winter 2007 season is also expected to be one of the best ever based on advance reservations.

Gasoline prices dropped to less that $2.50 per gallon.

The annual influx of affluent winter residents starting in October will find a large number of real estate bargains not seen in a long time. The early bird dream deals should stimulate the market but no one should expect the level of sales and appreciation we experienced in 2004 and 2005. There will always be a demand for reasonably priced island property and contrary to what the pundits are crying there are many buyers ready to make their move when the time is right.

SALES IN JULY & AUGUST ‘06 SIMILAR, DOWN FROM 2005 FOR SAME PERIOD

AMIPSR just posted a very informative article from the Sarasota Herald Tribune. Go to our main page www.ampsr.com and find the story under “Market-at-Glance”

Single family residence sales on Anna Maria Island were the same in August ‘06 as they were in July ‘06, with six properties changing hands in each of those two months.

In August ‘06, the six SFRs sold had an average listing price of $1,110,817. The average sales price was $963,333. ($438./square foot). Leading the pack in August was the property at 625 Ivanhoe Lane, Holmes Beach, which sold for $2.2 million

In contrast, 17 single family residences sold in August ‘05, with the average sale price $880,397.

Six single family residences were sold in July 2006, at an average price of $1,007,333 ($401./ square foot). Three of the six SFRs that sold went for well over $1 million, including 537 69th St., Holmes Beach, at $1,670,000; 240 Willow, Anna Maria, $1,325,000.; and 2216 North Gulf Drive, Bradenton Beach, $1,250,000.

Single family residence sales activity was virtually the same in July ‘06 as it was in June ‘06, when six properties fetched a total of $6,140,000. But both summer months this year were a far cry from July 2005, when the single family residence market generated sales of $13,346,900.

Seven condominiums sold in August ‘06, one more than in July ‘06. Only one topped the million dollar mark in sales (7316 Gulf Drive #8, Holmes Beach, $1,355,000), with the average sales price $697,000.

In comparison, 13 condos were sold in August ‘05, at an average price of $900,842. Last year’s sales were impacted by four sales between $1.4 million and $1.9 million.

Six condominiums sold in July ‘06, including two $1+ million properties and four others that ranged in price from $300,000 to $429,000. Total value of the six condos sold this July was $3,891,000, a far cry from last July’s condo sales total of $15,357,500.

SINGLE FAMILY RESIDENCE SALES, JULY 2006

537 69th St., Bay Palms, Holmes Beach, 4BR/3BA, heated inground caged pool, full bay view, dock, boat lift/davit, attached two car garage, 2,908 sq. ft. Built 1969. $1,670,000.

240 Willow St., Anna Maria, 4-5BR/3.5BA, heated inground pool, attached garaged + drive space, water view, no bridge, private dock, 4,430 sq. ft. Built 2005. $1,325,000.

2216 North Gulf Drive, Ilexhurst, Bradenton Beach, 1BR/2BA, full gulf view, attached one car garage. Built 1940. $1,250,000.

2211 North Gulf Drive, Ilexhurst, Bradenton Beach, 4BR/4BA, unobstructed view of gulf, no garage/drive space, 2,588 sq. ft. Built 1937. $790,000.

8312 Marina Drive, Holmes Beach, 2BR/2BA, attached two car garage, canal view, deeded boat slip across street, 1,366 sq. ft. Built 1977. $580,000.

204-A 65th St., Holmes Beach, West Wind Shores, 1BR/1BA, condo conversion, inground pool, no garage/drive space. Built 1963. $429,000.

Condominium Sales, July 2006 200 South Gulf Drive #2, Sandcastle Beach Resort, Bradenton Beach, 3BR/2BA, heated pool, under-building parking for two cars, direct gulf front, one block to bay, 2000 sq. ft. Built 2003. $1,550,000.200,

South Gulf Drive #1, Sandcastle Beach Resort, Bradenton Beach, 3BR/2BA, heated pool, under-building parking for two cars, direct gulf front, one block to bay, 1,407 sq. ft. Built 2003. $1,300,000.

6006 Gulf Drive #110, Playa Encantada, Holmes Beach, 3BR/2BA, gulf view, attached one car garage, turnkey furnished, 1,534 sq. ft. Built 1980. $1,200,000.

204-A 65th St., West Wind Shores, 1BR/1BA, duplex converted to condo, pool, one+ parking space, short walk to beach. Built 1963. $429,000.1801 North Gulf Drive #129, Runaway Bay, Bradenton Beach, 2BR/2BA, heated pool, BBQ/picnic, shuffleboard, clubhouse, bay view, 1,080 sq. ft. Built 1978. $340,000.

4307 Gulf Drive #101, Cayman Cay, Holmes Beach, 2BR/2BA, heated pool, BBQ/picnic, shuffleboard, across street from Manatee County beach, 1,027 sq. ft. Built 1974. $322,500.

600 West Manatee Ave. #122, Westbay Cove, Holmes Beach, 2BR/2BA, heated pool, tennis/hard surface, one+ drive space assigned, 1,179 sq. ft. Built 1977. $300,000.

SINGLE FAMILY RESIDENCE SALES, AUGUST 2006

625 Ivanhoe Lane, Holmes Beach, 4BR/3BA, full bay view, attached two car garage, boat lift/davit, private dock, 3106 sq. ft. Built 1979. $2,200,000.

517 Kumquat Drive, Anna Maria, 3BR/3BA, attached two car garage, boat lift/davit, no bridge, private dock, 2180 sq. ft. Built 1983. $930,000.

614 Emerald Lane, Key Royale, Holmes Beach, 4BR/3BA, on canal, private dock, no bridge, attached two car garage, 2475 sq. ft. Built 1968. $875,000.

238 Chilson Ave., Bimini Bay Estates, Anna Maria, 3BR/3BA, boat lift/davit, private dock, attached carport (one), room for pool, 1566 sq. ft. Built 1957. $705,000.

124 50th St., Holmes Beach, 3BR/2BA, attached carport (two), partial gulf view, steps to beach, 1956 sq. ft. Built 1953. $670,000.

8402 Marina Drive, Holmes Beach, 2BR/2BA, attached one car garage + drive space, private dock, partial bay view, 1211 sq. ft. Built 1957. $400,000.

CONDOMINIUM SALES, AUGUST 2006

7316 Gulf Drive #8, La Casa Costiera, Holmes Beach, 2-3BR/3BA, partial gulf view, heated pool, spa/hot tub, BBQ/picnic, attached two car garage, 2070 sq. ft. Built 2005. $1,355,000.

1419 North Gulf Drive #9, Bermuda Bay Club, Bradenton Beach, 3BR/2.5BA, heated pool, spa/hot tub, fishing pier, attached two car garage, 1524 sq. ft. Built 1999. $810,000.

6006 Gulf Drive #207, Playa Encantada, Holmes Beach, 2BR/2BA, heated pool, sauna, shuffleboard, spa/hot tub, tennis, attached one car garage, 1154 sq. ft. Built 2000. $650,000.

2913 E. Avenue E Ave. #4, Holmes Beach, 2BR/2BA, heated pool, beach access, 718 sq. ft. Built 2006. $620,000.

2915 N. Avenue E. Ave. #1, Holmes Beach, 2BR/2BA, heated pool, beach access, 725 sq. ft. Built 2006. $619,000.

2913 W. Avenue E Ave. #3, Holmes Beach, 2BR/2BA, heated pool, beach access, 718 sq. ft. Built 2006. $580,000.

2310 N. Gulf Drive #191, Bradenton Beach, 1BR/1BA, gulf side of road, assigned parking, turnkey furnished, 396 sq. ft. Built 1973. $245,000.

DUPLEX SALES, AUGUST 2006

404 Alamanda Rd and 780 Jacaranda Rd., (See Commercial Sales below)

203 75th St., Holmes Beach, 1BR/1BA + 1BR/1BA, one lot east of Gulf Drive, room for two pools, 1333 sq. ft. Built 1967. $510,000.

COMMERCIAL SALES, AUGUST 2006

Blue Dolphin Resort, 780 Jacaranda Rd. and 404 Alamanda Rd., Anna Maria, two, two-story buildings, four apartments, steps to Bean Point beach, tropical pool with Tiki Bar. Built 1973. $1,750,000. Sold by Barry Gould and Ted Schlegel, Island Vacation Properties. (See expanded story on this property elsewhere in this issue.)

THE FOLLOWING SALES WERE REPORTED ON THE MANATEE COUNTY PROPERTY APPRAISER’S OFFICE WEBSITE TOTALING AN ADDITIONAL $6,092,500. IN GROSS SALES IN JULY AND AUGUST. THIS BRINGS THE GRAND TOTAL OF DOLLARS SPENT ON REAL ESTATE TO $31,737,500. THESE SALES WERE NOT REPORTED IN THE LOCAL MLS WEBSITE:

110 Oak Avenue, Unit A, Anna Maria, Anna Maria Beach Cottages Condominiums. 640 sq. ft. under air. Recently renovated resort condo. Built 1947. $400,000.

112 Oak Avenue, Anna Maria, Anna Maria Beach Cottages Condominiums. 1212 sq. ft. under air. Recently renovated resort condo. Built 1947. $567,500.

6200 Flotilla Drive, Unit 281, Holmes Beach, Westbay Point and Moorings Condominiums. 1114 sq. ft. under air. Built 1979. $450,000.

154 Crescent Drive, Anna Maria. Single family residence. 1166 sq. ft. under air. Built 1959. $460,000.

205 71st Street, Unit A, half a duplex, Holmes Beach, 1596 sq. ft. under air. Built 1972. $500,000.

210 76th Street, Holmes Beach. Single family residence. 981 sq. ft. under air. Built 1956. $580,000.

608 Dundee Lane, Key Royale, Holmes Beach. Single family residence. 1486 sq. ft. under air. 2274 under roof. Built 1967. $835,000.

212 52nd Street, Holmes Beach, Villas of Holmes Beach Condominiums. 4BR/3BA, 3122 sq. ft. under air. Direct bay front luxury condo. Built 2006. $2,300,000.

BLUE DOLPHIN INN PERSONIFIES THE RESORT CONDOMINIUM CONCEPT

The Blue Dolphin Inn in Anna Maria personifies a fast growing concept in real estate, the resort condominium or what is called in most markets, Condo Hotels. The concept is not new but is rising to the top category in a cooling real estate market. A resort condominium is, essentially, a privately owned vacation suite within an established resort. The outward appearance of the resort condominium to vacationing guests is no different than a traditional resort owned by a single entity. The professional management is close by providing guests an environment of comfort and quality service to make their vacation memorable.

The resort condominium concept has advantages over the traditional type of resort ownership, which is great if the owner has the financial capability to carry the investment. While some owners choose to rent their vacation home while they are not using the property, occupancy is usually at a level where the costs relating to renting and higher maintenance expenses rarely make a significant impact on reducing the cost of ownership.

Resort condominiums, on the other hand, are usually in the best locations. Consider the Blue Dolphin Inn, located on a quiet residential street on the northern tip of Anna Maria Island. The property is close enough to the beach to hear the surf, about 500 feet.

Currently, the Blue Dolphin Inn remains the glorious vacation destination visitors have come to know and love.

Eventually, all suites at the resort will be privately owned but the Blue Dolphin will continue to be operated as it always has been, with no change in the outward appearance of the property.

Potential buyers who are considering having a piece of the paradise known as Anna Maria Island need to ask themselves if having their own getaway on this barrier island is appealing. If the answer is “yes,” they can spend time at the Blue Dolphin Inn relaxing rather than repairing, since the maintenance part of the equation if handled by professional management experts.

What makes the most sense about this opportunity, however, is that the cost of ownership is surprisingly low. This is because when owners aren’t enjoying their place in the sun, professional management service is maximizing the rental income while maintaining the property at the highest level possible.

The prices set for private suite ownership are significantly lower than comparable properties in Anna Maria. Notice the price per square foot below. The average in Anna Maria for residential and condominium property under 1600 square feet at press time was $780. per square foot. These adorable suites in the heart of the prestigious Bean Point neighborhood are selling for more than 40% below average!

Winter home? Island getaway? Investment property? You won’t find a better opportunity than The Blue Dolphin Inn private suites!

The ‘IBIS’ at 780 Jacaranda Rd., Anna Maria, 1100 sq. ft., ground level, 2BR/1BA suite with covered parking, private patio, turnkey-furnished including full washer and dryer. $499,000. ($453. per sq. ft.).

The ‘FLAMINGO’ at 780 Jacaranda Rd., Anna Maria, 1600 sq. ft., second level, 3BR/2BA suite with covered parking, private patio, large private screened porch, private observation tower, turnkey-furnished including full washer and dryer. $649,000. ($405. per sq. ft.).

The ‘SKIMMER’ at 404 Alamanda Rd., Anna Maria, 1100 sq. ft., ground level, 2BR/1BA suite with assigned parking for three cars, private patio, turnkey-furnished including full washer and dryer. $499,000. ($453. per sq. ft.).

The ‘HERON’ at 404 Alamanda Rd., Anna Maria, 1300 sq. ft., second level, 2BR/2BA suite with covered parking, private patio, large private covered porch that wraps-around the building, private observation tower, turnkey-furnished including full washer and dryer. $549,000. ($422. per sq. ft.).

For more information, call Barry Gould (941-448-5500) or Ted Schlegel (941-518-6117) or visit www.thebluedolphininn.com.

ISLAND VACATION PROPERTIES ACTIVE LISTINGS

TAKE SPECIAL NOTICE: THIS LISTING IS JUST COMING ON THE OPEN MARKET. THE MODEL UNIT HAS BEEN RENOVATED AND OPEN FOR VIEWING. ONE AND TWO BEDROOM SUITES WILL BE AVAILABLE THIS FALL. CALL TODAY FOR ADVANCE DETAILS ON AMI’S NEWEST BEACH FRONT RESORT CONDOMINIUM!
105 39th Street, Unit 2, Holmes Beach. 1BR/1BA condominium in one of the most popular direct beach front resorts, “Anna Maria Island Beach Resort.” This unit is being sold completely renovated and features a private Gulf view patio, large heated pool, gazebo, lush landscaping, new furnishings and central location. On-site management helps generate nearly $50,000. annually. Incomparable R.O.I. $449,000. Contact Barry Gould (941-448-5500) or Ted Schlegel (941-518-6117). Web site: www.annamariaislandbeachresort.com.

BRAND NEW LISTING INCLUDES SPORTS CAR: 6404 Gulf Drive. L’Plage Condominium. 2181 sq. ft. 3BR/3BA end unit in direct Gulf front complex. Large covered lanai and heated pool with in-ground hot tub/spa. Elegant Mediterranean architecture with sprawling lush landscaping. Professionally turnkey furnished with tons of extras, e.g. two new bicycles and sea kayak. Unit has never been rented. SPECIAL BONUS TO BUYER: 2005 Toyota Solara convertible with low mileage in excellent condition; no extra charge.

2728 Avenue E, Holmes Beach. Breath-taking beach house, directly on the Gulf. Spacious setting on quiet street. 10,000 sq. ft. lot. 100 feet of beach frontage. 3 BR/3 BA. Screened porch and deck facing the water. “The Alamo” is a must see at $2,640,000. Contact Ted Schlegel (941-518-6117) or Barry Gould (941-448-5500)

6404 Gulf Drive, Holmes Beach. Located in the spectacular Gulf front L’Plage Condominium, this 2181 square foot (under air), 3BR/3BA suite was creatively built with windows on all four sides. Professionally decorated and turnkey furnished. Large lanai, beach side, heated pool and large in-ground spa. Includes cool sports car convertible. $1,825,000. Contact Barry Gould (941-448-5500) or Ted Schlegel (941-518-6117).

3003 Avenue C, Holmes Beach. 2BR/3BA with bonus rooms. Just 2.5 blocks to beach. Quiet street but near restaurants/shopping/trolley stop. 1282 sq. ft. under air. Private garage. Loads of upgrades. Fenced yard. Priced below market at $499,000. Contact Ed Kirn (941-737-6320)

5200 Gulf Drive, Martinique South Unit 408, Holmes Beach. 3 BR/ 3 BA end unit with beautiful view of the Gulf and to the east. Private two-car garage, huge storage room on ground level. Lowest priced Gulf front 3/3 on the island. 1421 sq. ft. $850,000. Contact Barry Gould (941-448-5500) or Ted Schlegel (941-518-6117).

2310 Gulf Drive, Unit 104 Bradenton Beach, Shell Cove Condominium. Direct Gulf front, 2 bedroom suite on ground level. Great island getaway or winter home. Recently upgraded and turnkey furnished. Walk to restaurants/shopping. $595,000. Contact Ted Schlegel (941-518-6117) or Barry Gould (941-448-5500)

2310 Gulf Drive, Unit 203 Bradenton Beach, Shell Cove Condominium. Direct Gulf front, 2 bedroom suite on second level. Enjoy unobstructed sunset views, Great island getaway or winter home. Recently upgraded and turnkey furnished. Walk to restaurants/shopping. $599,000. Contact Ted Schlegel (941-518-6117) or Barry Gould (941-448-5500)

201 76th St., Holmes Beach. Close to beach, this duplex has total of 4 BR and 2 BA. Corner lot. 1456 sq. ft. Turnkey furnished. Nicely landscaped. Garage parking. $758,000. Contact Ted Schlegel (941-518-6117) or Barry Gould (941-448-5500)

6200 Flotilla Drive, Unit 314, Holmes Beach, West Bay Point and Moorings Condominiums. Turnkey furnished and updated 2BR/2BA upstairs end unit with newer appliances. Complex has heated Pool and tennis courts. $518,000. Contact Ted Schlegel (941-518-6117) or Barry Gould (941-448-5500)

102 4th St., Bradenton Beach. Gulf view duplex. 2 BR/2BA upstairs with new deck facing beach. 1BR/1BA with extra bonus room downstairs. Newly painted. $499,000. Contact Ted Schlegel (941-518-6117) or Barry Gould (941-448-5500)

2312 Gulf Drive, Unit 201, Sunset Terrace Condo, Bradenton Beach. 1-2 BR/1BA Gulf front suite with large lanai overlooking the beach. Heated pool and undercover parking. Centrally located and next to trolley stop. Great rental. $695,000. Contact Ed Kirn (941-737-6320) or Mel Neely (941-809-5565).

1708 N Gulf Dr., Unit D, Bradenton Beach Club. Bradenton Beach. Direct beach front luxury condominium with 2-3BR/2BA. Screened lanai overlooking heated pool and the Gulf of Mexico. $1,895,000. Contact Barry Gould (941-448-5500) or Ted Schlegel (941-518-6117).

101 25th St, Bradenton Beach, Sea Grass Flats Condominiums. Three units still available at sharply reduced prices. All are 2BR/2BA with pool and only 100 feet to the gorgeous Gulf beach. Unit 3 has just been renovated. Prices start at $450,000. Contact Barry Gould (941-448-5500) or Ted Schlegel (941-518-6117).

102 39th St., Holmes Beach, The Alamanda Villa. Only four of the eight, one bedroom, one bath suites are still available. This mature beach front resort has been completely updated and a new heated pool has been added. Centrally located near public beach, restaurants, shopping and island trolley stop. Ground level and second floor suites available. Prices start at $499,000. Contact Barry Gould (941-448-5500) or Ted Schlegel (941-518-6117).

2110 Avenue B, Bradenton Beach. Adorable duplex with 2BR/2BA plus 1BR/1BA units completely renovated inside and out this year. 1622 SF, ground level, turnkey furnished with lush landscaping and major water element. Great rental property. $648,000. Contact Ted Schlegel (941-518-6117).

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. $849,000. Contact Mel Neely (941-809-5565).

1000 Gulf Dr. Unit 5, Bradenton Beach. Beach House Resort. Completely refurbished 1BR/1BA vacation condo directly on the beach is in the center of where the action is and will generate great rental income when the project is completed. Turnkey furnished and heated spa/pool. $510,000. Contact Mel Neely (941-809-5565).

1000 Gulf Dr. Unit 8, Beach House Resort. Completely refurbished 1BR/1BA vacation condo directly on the beach is in the center of where the action is and will generate great rental income when the project is completed. Turnkey furnished and heated spa/pool. $520,000. Contact Ted Schlegel (941-518-6117).

1000 Gulf Dr. Unit 9, Beach House Resort. Completely refurbished 1BR/1BA vacation condo directly on the beach is in the center of where the action is and will generate great rental income when the project is completed. End unit with great south view as well as west view. Turnkey furnished and heated spa/pool. $545,000. Call Island Vacation Properties at 941-778-1000.

3701 5th Ave, Unit 1, Holmes Beach, Gulfview Townhouses. 2BR/2BA 1431 SF unit with heated pool and spa. Under building parking and very close to beach. No rent restrictions and long history of income. Built 1982. $538,000. Contact Mel Neely (941-809-5565).

1007 Gulf Drive, Summer Sands Condominiums, Bradenton Beach. Enjoy a wonderful view of the Intercoastal Waterway from this 2BR/2BA. Master suite is a loft above the living room. Just across the street from the Gulf beach, this end unit features garage parking, elevator, and heated bay front pool. $699,000. Contact Ted Schlegel (941-518-6117) or Barry Gould (941-448-5500).

1453 Gulf Drive, Bermuda Bay Club, Bradenton Beach, Watch the sailboats on the Gulf of Mexico from both the living room and the Master suite balconies or enjoy “sittin’ on the dock o’ the Bay”. This 3BR/2.5BA townhouse with private two-car garage, and heated pool is turn-key furnished. A sensational second home or high income-producing rental property. $699,000. Contact Barry Gould (941-448-5500) or Ted Schlegel (941-518-6117).

106 36th St., Holmes Beach, Palm Gables Condominiums. New construction just conpleted. 3BR/2.5BA, 2435 sq. ft. under roof. Direct beach front unit with top of the line amenities and design, large lanai, 9 1/2 foot ceilings, crown moldings, elevator, new heated pool and beautifully turnkey-furnished by professional decorator. $1,874,000. Contact Mel Neely (941-809-5565).

110 36th St., Holmes Beach, Palm Gables Condominiums. New exterior construction, 3BR/2BA, 1627 sq. ft. Turnkey-furnished. Direct beach front unit new elevator, new heated pool, laundry and Gulf front lanai. $1,225,000. Contact Barry Gould (941-448-5500) or Ted Schlegel (941-518-6117).

201 35th St., Anna Maria Beach Place Unit 4. 2 BR/2BA 50 feet to beach. Serene Gulf view from this second floor suite. Turnkey-furnished. Heated pool and outstanding rental history. $654,000. Contact Ted Schlegel (941-518-6117) or Barry Gould (941-448-5500).

201 35th St., Anna Maria Beach Place Unit 3. 1 BR/1 BA, 50 feet to beach. Peaceful location on quiet street. Turnkey-furnished. Heated pool and outstanding rental history. $548,000. Contact Ted Schlegel (941-518-6117) or Barry Gould (941-448-5500).

6200 Flotilla Drive, Westbay Point & Moorings Unit 314. Holmes Beach. 2 BR/2 BA 2nd floor end unit with new appliances. Turnkey-furnished. Heated pool and tennis courts. $518,000. Contact Ted Schlegel (941-518-6117) or Barry Gould (941-448-5500).

314 61st St., Pool Party. One-of-a-kind Sleeper Duplex! 2 BD/2 BA each side backing up to tropical landscaped paradise with gas heated pool/Jacuzzi, Tiki Bar, grill/, waterfall and your own hammock. Turnkey furnished. $793,000. Contact Mel Neely (941-809-5565).

COMMERCIAL SALE: The Beach House Resort, 1000 Gulf Drive, Bradenton Beach. Six, newly refurbished 1 bedroom, 1 bath units directly on the beach may be purchased from multiple owners for $3,100,000. Additional north section has yet to be refurbished and may be available as well to own the entire 10-unit resort. Contact Barry Gould (941-448-5500) or Ted Schlegel (941-518-6117).

SARASOTA — Think rising interest rates, cooling condo sales and higher construction costs equal a dismal local real estate market?

Not necessarily.

Though agents and developers have grown accustomed to the frenetic pace of sales since 2002, the present slower rate of multifamily transactions in Southwest Florida may actually be healthy, according to local and national experts.

Primarily, that’s because a cooling market enhances affordability and leads to a greater pool of potential buyers.

“If real estate as an asset class grows faster than income, it means there are fewer people that can become home owners,” said Jay Gouline, a real estate investor and professor at the Johns Hopkins University Edward St. John Department of Real Estate, in Baltimore.

Even local industry insiders — whose income is tied to the flow and not the ebb of the market — agree that Southwest Florida’s rolling boil of a real estate market had to slow to a simmer for sustained health.

From 2002 to 2005, a majority of condominium units through Sarasota and Manatee counties experienced double-digit growth in appreciation, according to property appraiser valuations and sales data.

The result, many contend, was an overheated market that had begun pricing out a large chunk of the buying public.

“It had to stop,” Michael Saunders, president and founder of the region’s largest and most prominent real estate brokerage firm, said of the current state of the market.

“History is repeating itself. This is not a new market. Warren Buffett and Bill Gates couldn’t afford it here if we had 30 percent increases each and every year.”

National forecasters agree.

“It seems apparent that price growth has slowed to more sustainable levels,” wrote Moody’sEconomy.com., a Pennsylvania-based economic forecasting and research firm, in a May market analysis.

Like Gouline, Moody’sEconomy.com worried the hike in appreciation was beginning to negatively impact the local real estate industry.

“Robust appreciation is weighing on affordability, as it has since 2002,” analyst Arnold Slesers wrote. “According to Moody’sEconomy.com estimates, the family earning the median income can now only afford 69 percent of the median priced home.”

The reasons for the uptick — and subsequent slowing — are multifold.

Beginning in 2002, income growth, combined with low interest rates and a demographic bulge, boosted real estate markets nationwide.

“In the past few years, all three of those dynamics lined up to push in the same direction,” Gouline said.

Starting in early 2005, though, Federal Reserve interest rate hikes to curb inflation, combined with oversupply, a lack of buyers and rising prices, cut into sales. The phenomenon has heightened throughout this year, experts say.

“Bubble formations occur when prices keep going up and up,” said Susan Wachter, a professor of real estate at the Wharton School at the University of Pennsylvania.

“And prices cannot go up indefinitely,” she added. “In fact, once expectations of continued price increases get built into a particular market, the market is not stable. Prices can’t keep rising faster than inflation forever — it just can’t happen.”

Wachter and other analysts note that markets where prices continually accelerate often suffer greater consequences than those that have intermittent corrections.

“If price increases go on for too long, the inevitable crash will also be greater,” Wachter said. “But we’re not seeing crashes, we’re not seeing dramatic price declines, and there hasn’t been a wave of bank defaults — and that’s all good news.”

Moreover, industry watchers and insiders like Saunders remain bullish on Southwest Florida real estate, especially multifamily projects like condominiums.

“Sarasota’s high per-capita income and strong in-migration will continue to sustain growth and the economy will continue to outperform the national average over the forecast horizon,” Moody’sEconomy.com’s Slesers wrote.

As with many desirable Sunbelt states, Southwest Florida’s primary “in-migration” will come from the estimated 78 million baby boomers — Americans born between 1945 and 1964 — slated to retire in the near future.

In addition to their sheer numbers, baby boomers will also buoy Southwest Florida real estate with the size of their bank accounts through inheritances.

Some $200 billion annually now is passed down from one generation to another, and by 2050, an estimated $25 trillion will be inherited, Boston College’s Center for Wealth and Philanthropy reports.

Numbers like that leave experts like Wachter and Saunders optimistic both for the near — and longer — terms.

“This is a respite. It’s only a break,” Wachter said of the current market state. “As long as the population and anticipated wealth increases at the rate projected you’ll be fine, because so many of those people want to go to Florida. The only thing that can stop them is a lack of affordability.”

Saunders concurs.

“Sarasota is on the map now, especially with baby boomers. And now, this is a more normal market. We need to take the past three years off the table when evaluating what healthy really is.”

On a positive note, the number of active real estate listings on Anna Maria Island in June 2006 was down from May ‘06, with 684 properties on the market, including 256 single family residences, 317 condos, 70 duplexes/triplexes and 41 lots. There were 747 properties on the market on Anna Maria Island on May 11, 2006.

Also, there were 114 new island listings posted on the Multiple Listing Service in June ‘06 which is the lowest number for any month this year. A significant number of these new listings were not new at all but was a result of sellers changing agencies.

At press time, there also were 42 pending sales (21 SFRs, 17 condos, two duplexes, two commercial properties) with a total value of $39,855,499. In May ‘06 there were 35 pending sales valued at $36,101.299.

A total of 162 listings have expired or been withdrawn from the market since June 1 ‘06, including 72 SFRs, 59 condos, 24 duplexes/triplexes, one commercial properties and six lots. Inventory reductions, especially properties that were overpriced and not sellable is good news for the sellers still in the market.

Encouraging news for sellers is the fact the final sales prices for properties sold in June, 06 calculated to an average of 94.34% of asking prices. Properties on the market over 120 days closed for an average of 88.84% of asking price.

The June figures reflect a downturn from May ‘06, when AMIPSR reported that ten single family residences were sold at an average price of $744,400 ($449./square foot). Condominium sales also rebounded in May ‘06, from just one in April ‘06 to seven in May ‘06, when the average sale price was $592,496. ($570./square foot). There were also two duplex sales, with the average price $788,800. ($456./square foot).

In the single family residence category, there were just six sales this June versus 27 in June ‘05 and ten in May ‘06. There was some good news, however, in the price of a single family residence sold this June–$1,023,333. ($525./square foot) versus the price of a SFR sold in June ‘05 ($764,976.) and June ‘04 ($760,757.) The June figure is also way up from the $744,000 ($449/sq. ft.) average sale price reported for May ‘06.

Although just six properties sold this June, one went for $2.0 million (108 South 13th St., Bradenton Beach) and another for $1.4 million (621 Key Royale Drive, Holmes Beach). Three of the four other properties sold for three quarters of a million dollars or more with just one sale at a lower level, $325,000.

Four condos were sold in June 2006 versus 19 in June ‘05 and seven in May ‘06. The average sales price was $788,000 this June, highlighted by a $1.9 million sale at 106 36th St., Holmes Beach for which Barry Gould was the selling agent. The other three sales averaged $417,333. Despite fewer sales, the average condo sales price this June was $788,000 versus $644,237. (June 2005) and $417,731 (June 2004). The average sale price of a condo sold in June ‘06 was also higher than the May ‘06 average of $592,496 ($570/square foot).

One duplex was sold in June ‘06 compared with six in June ‘05 and five in June ‘04. This year’s duplex sale fetched $654,000, higher than the $579,000 average sales price in June ‘04 but way below the average sales price of $939,670 last June, when two duplexes sold for over $1 million and also below the $788,800 ($456./square foot) average reported for the two duplexes that sold in May ‘06.

There were no commercial or lot sales in June ‘06, following no sales in either category in May ‘06.

The number of sales across the categories covered by AMIPSR was down dramatically in both June ‘06, second quarter ‘06 and the first six months of ‘06 compared with the same periods last year.

First Six Months Sales Way Down In ‘06 From ‘05 But Still The Third Best In History!

While there appeared to be a rebound in sales in May ‘06 (AMIPSR #23), sales for the first half and the second quarter of this year were down in all categories in terms of number of sales.

For the first half of 2006, 42 single family residences were sold this year versus 117 last year. The average sales price this year was up dramatically, however, from $746,856 last year to $1,025,321 this year.

Also for the first half of this year, the number of condo sales plummeted to 26 from 116 in last year’s first half. Again, the average sales price was higher–$646,996 this year versus $570,057 a year ago.

A dozen duplexes were sold in the first six months of 2006 versus 33 last year. The average sales price was $688,457 this year compared with $732,167 in the first half of 2005.

Three lots were sold in the first half of ‘06 versus 12 in the comparable period of ‘05. Average sales price was up dramatically this year, to $1,113,717 versus $665,750 as year ago.

There were two commercial sales in the first half of ‘06 (average $80,000) compared with seven in the first half of ‘05 ($2,118,557).

Stepping back and looking at the big picture, the first half sales figures from the MLS for 2006 is the third best ever on Anna Maria Island in terms of the gross sales dollars.

Best first half: 2005 - $200,489,205.
Second best first half: 2004 - $116,947,349.
Third best first half: 2006 - $71,990,875.
Fourth best first half: 2003 - $65,682,950

Second Quarter Sales Down In Number, Up In Price

Sales for the second quarter exhibited the same pattern as for the first half, with fewer sales and higher prices in most categories.

There were 21 single family residence sales in second quarter ‘06, when the average sales price was $1,140,429. In the year earlier second quarter, 69 single family residence sales were reported at an average sales price of $756,359.

The average price of a condo sold in second quarter ‘06 followed the same pattern, with 12 condo sales averaging $645,700. In second quarter ‘05, 63 condo sales averaged $613.978.

Five duplexes were sold in second quarter ‘06 at an average sales price of $725,370. In second quarter ‘05, 24 duplexes were sold at the higher average sales price of $792,853.

There were no commercial sales in second quarter ‘06 compared with five commercial sales in the second quarter of ‘05, when the average sale price was $2,210,980.

One lot sold in second quarter ‘06 ($1,875,000) versus eight last year ($772,375 average).

Single Family Residential Sales, June 2006

108 South 13th St., Bradenton Beach, 2BR/3BA, heated inground pool, full bay/partial gulf view, attached two car garage, private dock, 2,104 sq. ft. Built 1950…$2.0 million.

621 Key Royale Drive, Holmes Beach, 3BR/2BA, directly on Tampa Bay, private hot tub and patio, attached two car garage, circle & drive space parking, 2,645 sq. ft. Built 1964…$1.4 million.

10107 Gulf Drive, Anna Maria, 6BR/4BA (4BR on owner’s side of duplex), steps to beach, detached two car garage, 2,655 sq. ft. Built 1972…$850,000.

603 Ivanhoe Lane, Key Royale, Holmes Beach, 3BR/2BA, partial bay view, private dock, attached two car garage, 2,125 sq. ft. Built 1972…$790,000.

132 Hammock Rd., Coconut Bayou, Anna Maria, 3BR/2BA, boat lift/davit/private dock, drive space, 2,210 sq. ft. Built 1981…$775,000.

304 Church Ave., Azure Shores, Bradenton Beach, 1BR/1BA, detached one car garage + drive space, short walk to gulf beaches, 520 sq. ft. Built 1947…$325,000.

Condominium Sales, June 2006

106 36th St. #2, Palm Gables, Holmes Beach, 3BR/3.5BA, heated pool, full gulf view, attached one car garage + under building parking, 1,832 sq. ft. Pre-construction…$1,900,000.

242 North 17th St. #27, Bradenton Beach Club, Bradenton Beach, 2-3BR/2BA, heated pool, spa/hot tub, access to gulf + bay, attached two car garage, 1,320 sq. ft. Built 2004…$580,000.

4307 Gulf Drive #207, Cayman Cay, Holmes Beach, 2BR/2BA, heated pool, attached carport, 1,027 sq. ft. Built 1974…$337,000.

3607 East Bay Drive #104, Sandy Pointe, Holmes Beach, 2BR/2BA, heated pool, attached carport, 976 sq. ft. Built 1996…$335,000.

Duplex Sales, June 2006

201 69th St., West Wind Shores, Holmes Beach, 2BR/1BA + 2BR/1BA, partial gulf view, carport between units, 832 sq. ft. + 832 sq. ft. Built 1969…$654,000.

OTHER JUNE SALES RECORDED WITH MANATEE COUNTY BUT NOT LISTED ON THE MULTIPLE LISTING SERVICE

237 Chilson Ave, Anna Maria. 3BR/2BA Canal front with pool. 75′x 148′ lot. Attached garage. 1250 sq. ft. living space. Built: 1973…$780,000.

436 62nd St., Holmes Beach. 2BR/2BA half a duplex. 1001 sq. ft living space. 3833 sq. ft. lot. Built 1971…$263,000.

242 17th St. North, Bradenton Beach Club. 2BR/2BA Condo. Community pool. 1268 sq. ft. living space. Built: 2004…$580,000

201 69th St. Holmes Beach. 2BR/2BA duplex. 1664 sq. ft living space. 70′ x 100′ corner lot. Built: 1969…$654,000.

4307 Gulf Drive, Unit 207, Cayman Cay Condominium, Holmes Beach. 2BR/2BA, 1027 sq. ft. living space. Community pool. Built: 1974…$337,000

TOTAL VALUE OF SALES IN JUNE, 2006 ON ANNA MARIA ISLAND: $12,560,000.

AMIPSR is published by Dantia Gould and Barry Gould in cooperation with Island Vacation Properties, LLC of Holmes Beach.

Island Vacation Properties Active Listings

TAKE SPECIAL NOTICE: THIS LISTING IS NOT ON THE OPEN MARKET. THE MODEL UNIT WILL BE COMPLETED SOON. ONE AND TWO BEDROOM SUITES WILL BE AVAILABLE THIS FALL. CALL TODAY FOR ADVANCE DETAILS ON AMI’S NEWEST RESORT CONDOMINIUM!
105 39th Street, Unit 2, Holmes Beach. 1BR/1BA condominium in one of the most popular direct beach front resorts, “Anna Maria Island Beach Resort.” This unit is being sold completely renovated and features a private Gulf view patio, large heated pool, gazebo, lush landscaping, new furnishings and centrally located. On-site management helps generate nearly $50,000. annually. Incomparable R.O.I…$449,000. Contact Barry Gould (941-448-5500) or Ted Schlegel (941-518-6117).

BRAND NEW LISTING INCLUDES SPORTS CAR: 6404 Gulf Drive. L’Plage Condominium. 2181 sq. ft. 3BR/3BA end unit in direct Gulf front complex. Large covered lanai and heated pool with in-ground hot tub/spa. Elegant Mediterranean architecture with sprawling lush landscaping. Professionally turnkey furnished with tons of extras, e.g. two new bicycles and sea kayak. Unit has never been rented. SPECIAL BONUS TO BUYER: 2005 Toyota Solara convertible with low mileage in excellent condition; no extra charge.

2728 Avenue E, Holmes Beach. Breath-taking beach house, directly on the Gulf. Spacious setting on quite street. 10,000 sq. ft. lot. 100 feet of beach frontage. 3 BR/3 BA. Screened porch and deck facing the water. “The Alamo” is a must see…$2,640,000. Contact Ted Schlegel (941-518-6117) or Barry Gould (941-448-5500)

5200 Gulf Drive, Martinique South Unit 408, Holmes Beach. 3 BR/ 3 BA end unit with beautiful view of the Gulf and to the east. Private two-car garage, huge storage room on ground level. Lower priced Gulf front 3/3 on the island. 1421 sq. ft…$850,000. Contact Barry Gould (941-448-5500) or Ted Schlegel (941-518-6117).

201 76th St., Holmes Beach. Close to beach, this duplex has total of 4 BR and 2 BA. Corner lot. 1456 sq. ft. Turnkey furnished. Nicely landscaped. Garage parking…$758,000. Contact Ted Schlegel (941-518-6117) or Barry Gould (941-448-5500)

102 4th St., Bradenton Beach. Gulf view duplex. 2 BR/2BA upstairs with new deck facing beach. 1BR/1BA with extra bonus room downstairs. Newly painted…$499,000. Contact Ted Schlegel (941-518-6117) or Barry Gould (941-448-5500)

2312 Gulf Drive, Unit 201, Sunset Terrace Condo, Bradenton Beach. 1-2 BR/ 1BA Gulf front suite with large lanai overlooking the beach. Heated pool and undercover parking. Centrally located. And next to trolley stop. Great rental…$695,000. Contact Ed Kirn (941-737-6320) or Mel Neely (941-809-5565).

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. Contact Barry Gould (941-448-5500) or Ted Schlegel (941-518-6117).

2311 Canasta Dr, Bradenton Beach. Single family cottage, one house back from the bay. Currently a 1BR/1BA and has an annual rental in place. This is a great lot zones R2 to build a new home or possibly a new duplex in a desirable location, two blocks to the beach…$575,000. Contact Barry Gould (941-448-5500) or Ted Schlegel (941-518-6117).

2110 Avenue B, Bradenton Beach. Adorable duplex with 2BR/2Ba plus 1BR/1BA units completely renovated inside and out this year. 1622 SF, ground level, turnkey furnished with lush landscaping and major water element.. Great rental property…$648,000. Contact Ted Schlegel (941-518-6117).

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. $849,000. Contact Mel Neely (941-809-5565).

1000 Gulf Dr. Unit 5, Bradenton Beach. Beach House Resort. Completely refurbished 1BR/1BA vacation condo directly on the beach is in the center of where the action is and will generate great rental income when the project is completed. Turnkey furnished and heated spa/pool. $510,000. Contact Mel Neely (941-809-5565).

1000 Gulf Dr. Unit 8, Beach House Resort. Completely refurbished 1BR/1BA vacation condo directly on the beach is in the center of where the action is and will generate great rental income when the project is completed. Turnkey furnished and heated spa/pool. $520,000. Contact Ted Schlegel (941-518-6117).

1000 Gulf Dr. Unit 9, Beach House Resort. Completely refurbished 1BR/1BA vacation condo directly on the beach is in the center of where the action is and will generate great rental income when the project is completed. End unit with great south view as well as west view. Turnkey furnished and heated spa/pool. $545,000. Call Island Vacation Properties at 941-778-1000.

3701 5th Ave, Unit 1, Holmes Beach, Gulfview Townhouses. 2BR/2BA 1431 SF unit with heated pool and spa. Under building parking and very close to beach. No rent restrictions and long history of income. Built 1982. $538,000. Contact Mel Neely (941-809-5565).

1007 Gulf Drive, Summer Sands Condominiums, Bradenton Beach. Enjoy a wonderful view of the Intercoastal Waterway from this 2BR/2BA. Master suite is a loft above the living room. Just across the street from the Gulf beach, this end unit features garage parking, elevator, and heated bay front pool…$699,000. Contact Ted Schlegel (941-518-6117) or Barry Gould (941-448-5500).

1453 Gulf Drive, Bermuda Bay Club, Bradenton Beach, Watch the sailboats on the Gulf of Mexico from both the living room and the Master suite balconies or enjoy “sittin’ on the dock o’ the Bay”. This 3BR/2.5BA townhouse with private 2-car garage, and heated pool is turn-key furnished. A sensational second home or high income-producing rental property….$699,000. Contact Barry Gould (941-448-5500) or Ted Schlegel (941-518-6117).

106 36th St., Holmes Beach, Palm Gables Condominiums. New construction just conpleted. 3BR/2 1/2 BA, 2435 sq. ft. under roof. Direct beach front unit with top of the line amenities and design, large lanai, 9 1/2 foot ceilings, crown moldings, elevator, new heated pool and beautifully turnkey-furnished by professional decorator…$1,874,000. Contact Mel Neely (941-809-5565).

110 36th St., Holmes Beach, Palm Gables Condominiums. New exterior construction, 3BR/2 BA, 1627 sq. ft. Turnkey-furnished. Direct beach front unit new elevator, new heated pool, laundry and Gulf front lanai…$1,225,000. Contact Barry Gould (941-448-5500) or Ted Schlegel (941-518-6117).

201 35th St., Anna Maria Beach Place Unit 4. 2 BR/2BA 50 feet to beach. Serene Gulf view from this second floor suite. Turnkey-furnished. Heated pool and outstanding rental history…$654,000. Contact Ted Schlegel (941-518-6117) or Barry Gould (941-448-5500).

201 35th St., Anna Maria Beach Place Unit 3. 1 BR/1 BA, 50 feet to beach. Peaceful location on quite street. Turnkey-furnished. Heated pool and outstanding rental history…$548,000. Contact Ted Schlegel (941-518-6117) or Barry Gould (941-448-5500).

6200 Flotilla Drive, Westbay Point & Moorings Unit 314. Holmes Beach. 2 BR/ 2 BA 2nd floor end unit with new appliances. Turnkey-furnished. Heated pool and tennis courts…$518,000. Contact Ted Schlegel (941-518-6117) or Barry Gould (941-448-5500).

314 61st St., Pool Party. One-of-a-kind Sleeper Duplex! 2 BD/ 2 BA each side backing up to Tropical Landscaped Paradise with gas heated pool/Jacuzzi, Tiki Bar, Gril, Waterfall and your own Hammock. Turnkey furnished. $849,000. Contact Mel Neely (941-809-5565).

COMMERCIAL SALE: The Beach House Resort, 1000 Gulf Drive, Bradenton Beach. Six, newly refurbished 1 bedroom, 1 bath units directly on the beach may be purchased from multiple owners for $3,100,000. Additional north section has yet to be refurbished and may be available as well to own the entire 10-unit resort. Contact Barry Gould (941-448-5500) or Ted Schlegel (941-518-6117).

Anna Maria Island Property Sales Report is published monthly by Dantia and Barry Gould, Anna Maria Island Florida.

Real estate sales are rebounding on Anna Maria Island, based on sales activity reported by the Multiple Listing Service (MLS) in May 2006, when ten single family residences were sold at an average price of $744,400 ($449./square foot). This is up from six sales in April ‘06.

In addition, condominium sales rebounded, from just one in April ‘06 to seven in May ‘06, when the average sale price was $592,496. ($570./square foot).

There were also two duplex sales in May, 06, with the average price $788,800. ($456./square foot) compared to one duplex sale for $545,000 in April, 06.

No lots or commercial sales were reported in either April, 06 or May 2006. The small numbers do not truly reflect any trends in terms of sale prices or prices per square foot. The next issue of AMIPSR will analyze the entire second quarter with comparisons to the second quarter of previous years, which will reveal a more accurate picture.

While these figures represent improved sales in the short term, the May ‘06 island figures are way off from those reported in May ‘05. In that month, 24 single family residences were sold at a slightly higher average price of $766,604. ($487./square foot). In addition, May ‘05 saw 23 condominium sales on Anna Maria Island, at a lower average sales price than May ‘06– $547,748. (464./square foot). There were eight duplex sales in May ‘05; the average sales price was also higher, $837,750./$391./square foot). Five lots changed hands in May ‘05, at an average sales price of $958,000. There were no commercial sales last May.

Still, available inventory continues to rise, from 714 properties on May 11 ‘06 to 747 on June 11 ‘06. As of that date, there were 293 active residential listings, 306 condominium listings, 82 duplex/triplex listings, 43 lots and 23 commercial properties on the market.

Another positive sign is the 35 pending sales as of June 11 ‘06, on Anna Maria Island. The breakdown includes 17 single family residences (average price: $1,026,171.); 12 condominiums (average price: $927,667.); four duplexes/triplexes (average price $1,081.0100.); and two commercial properties (average price $1,600,000.). Those 35 properties have a total price of $36,101.299.

Single Family Residential Sales May 2006

526 56th St., Holmes Beach, 3BR/2BA, bay, sailboat, seawall, 2,008 sq. ft. Built 1954…$1,485,000.

10107 Gulf Drive, Anna Maria, 6BR/4BA, detached two car garage + drive space, steps to beach, 2,655 sq. ft. Built 1972…$850,000.

603 Ivanhoe Lane, Key Royale, Holmes Beach, 3BR/2BA, attached two car garage, room for pool, on deep water canal, private dock, 2,125 sq. ft. Built 1972…$790,000.

229 Gladiolus, Luana Isles, Anna Maria, 4BR/3BA, on canal, 3,204 sq. ft. Built 1972…$750,000.

511 74th St., Bay Palms, Holmes Beach, 4BR/2BA, inground pool, on canal, boat lift/davit/private dock, attached two car carport, 2,320 sq. ft. Built 1982…$749,000.

205 Elm Ave., Anna Maria, 3BR/2BA, attached one car garage, steps to beach, 1,203 sq. ft. Built 1960…$715,000.

7202 Marina Drive, Bay Manor, Holmes Beach, 2BR/1BA, attached one car garage, 896 sq. ft. Built 1964…$580,000.

301 72nd St., Bay Palms, Holmes Beach, 3BR/2BA, attached one car garage + drive space, 1,800 sq. ft. Built 1970…$550,000.

2908 Avenue C, Ilexhurst, Holmes Beach, 2BR/2BA, attached two car garage + drive space, steps to beach, 1,040 sq. ft. Built 1979…$500,000.

157 Crescent Drive, Lake La Vista, Anna Maria, 2BR/1BA, attached one car garage, dock, 995 sq. ft. Built 1959….$475,000.

Condominium Sales May 2006

106 36th St. Unit 3, Palm Gables, 3BR/2.5BA, heated pool, full gulf view, assigned under building parking, 1,832 sq. ft…$1,400,000.

242 North 17th St. #27, Bradenton Beach, 2-3BR/2BA, heated pool, spa/hot tub, fishing pier, attached two car garage, 1,320 sq. ft.. Built 2004…$580,000.

5200 Gulf Drive #307, Martinique South, 1BR/1BA, full gulf view, heated pool, detached one car carport, 1,150 sq. ft. Built 1970…$509,900.

6400 Flotilla Drive #11, Westbay Point & Moorings, 2BR/2BA, heated pool, tennis, 1+ drive space, 1,114 sq. ft. Built 1978…$455,000.

204-B 65th St., West Wind Shores, Holmes Beach, 1BR/1BA, condo conversion villa, private pool, one house to beach access. Built 1979…$425,000.

2412 Gulf Drive North #120, Club Bamboo South, Bradenton Beach, 1BR/1BA, heated pool, clubhouse, attached one car garage, full gulf view, 390 sq. ft. Built 1976…$392,500.

1801 North Gulf Drive #180, Runaway Bay, Bradenton Beach, 2BR/2BA, heated pool, tennis courts, fishing pier, close to beach, 1,080 sq. ft. Built 1978…$385,000.

Duplex Sales May 2006

711 North Bay Blvd., Shore Acres, Anna Maria, 2BR/1BA + 2BR/1BA, over 1,900 sq. ft. under roof. Built 1971…$577,600.

110 72nd St., Holmes Beach, 2BR/1BA + 2BR/1BA + 2BR/1BA, inground pool, 1,890 sq. ft. Built 1972…$1,000,000.

WAIT! THERE’S MORE ISLAND SALES IN MAY 2006

The sales above were reported by the Multiple Listing Service. Up to now, AMIPSR had been reluctant to use data from the Manatee County Property Appraiser’s Office. A large number of the transactions in the P.A.O. data base were not true property sales. A large number were paper transfers for $1.00 and the actual sales took many weeks to get posted. We are pleased to announce there has been a significant improvement in the P.A.O. and AMIPSR will now list additional sales not found on the Multiple Listing Service. It should be noted that most of these additional transactions for May of 2006 were facilitated by licensed real estate professionals.
Additional Single Family Residence Sales reported in May ‘06 by the P.A.O.

106 Los Cedros Drive, Anna Maria, 3BR/ 2BA, on canal, pool, 1,775 Sq. ft., 2,755 sq. ft. under roof. Built 1963…$930,000.

234 Oak Ave., Anna Maria, 3BR/ 2BA, on canal, 1,444 sq. ft., 2,959 sq. ft. under roof. Built 1988…$425,000.

510 67th Street, Holmes Beach, 2BR/2BA, on canal, 1473 sq. ft., 2,193 sq. ft under roof. Built 1971…$750,000.

Additional Condominium Sales reported in May ‘06 by the P.A.O.

6250 Holmes Blvd, North Beach Village Unit 24, 3BR/2BA, community pool, 1,272 sq. ft., 1338 sq. ft. under roof. Built 1990…$425,000.

3607 East Bay Drive, Sandy Pointe Condo Unit 104, 3 BR/ 2 BA, community pool and tennis court, 976 sq. ft., 1,065 sq. ft. under roof. Built 1996…$335,000.

301 17th St. North, Bradenton Beach Club, Bradenton Beach, 2BR/2BA, 1,722 sq. ft., 2,156 sq. ft. under roof. Built 2002…$850,000.

2412 Gulf Drive, Club Bamboo Condo Unit 121, Bradenton Beach. 1BR/1BA, community pool, 459 sq. ft., 555 sq. ft. under roof. Built 1945. Refurbished 2005…$475,000.

Additional Duplex Sales reported in May, 06 by the P.A.O.

2311 Avenue C, Bradenton Beach, total of 4 BR/2BA, 2,604 sq. ft., 2,692 under roof, 100′ x 100′ lot. Built 1962…$1,000,000.

201 Elm St., Anna Maria, total 3BR/2BA, 2,655 sq. ft., 3,733 sq. ft. under roof. Built 1972…$850.000.

Additional Building Lot Sales reported in May, 06 by the P.A.O.

2418 Avenue C, Bradenton Beach. 50′ x 100′. Zoned R2…$400,000.

516 Kumquat Drive, Anna Maria. 75′ x 142′. Canal front. Zoned R1…$405,000.

10707 Gulf Drive, Anna Maria. 55′ x 105′. Zoned R1…$850,000.

The number of sales on the island in May is very encouraging. No one will dispute the appeal of Anna Maria. There will always be a demand for property here. The normalization of the market after the insanity of the last two years should eventually give buyers a comfort level not felt in quite a while.

RESORT CONDOMINIUMS ON ANNA MARIA ISLAND: GOOD OR BAD?

Private unit ownership in operating hotels, motels and/or resorts is becoming quite popular in vacation areas. Luxury hotels in popular destinations like Sarasota are designating a portion of the units for private sales with great success. Greater Miami and the Orlando area are finding more success in “CONDOTELS” than other property categories.

On Anna Maria Island, long-operating lodging establishments have found a way to maintain “business as usual” and not change the outward appearance of the resort and keep the flavor of the neighborhoods intact by offering individuals an opportunity to buy in. This change in the FORM of ownership will help to AMI maintain a healthy number of short-term vacation rentals that some feel is the life blood of our local economy. Buyers are fulfilling their dream of owning a part-time home to occupy and enjoy with their family and friends while rental income helps pay the expenses.

Most of us have come to the realization the real estate market is different than is was a year ago. Reasonable priced properties were drawing multiple offers driving prices into the stratosphere. Welcome back to e