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Tuesday, March 8, 2011

Presenting the Boca Grande and Gasparilla Island News
March 8, 2011

February Recap: With a very busy February, and an even busier outlook for March, you can expect our sales trends to continue. Since January, 15 residential properties have sold, and 11 are pending right now. There are only 8 homes with 3 bedrooms for sale under the million-dollar price point. Five homes in this price bracket have sold in the past two months. Are you looking to buy a home on Boca Grande for less than a million? The time is now.

New Listings on Gasparilla Island in the month of February
Boca Grande Club, Marina Village #6, short sale 1/1, $225,000
Boca Grande Club, Dunes Chalet #107, 1/1 with granite, stainless, $385,000
340 Gasparilla Street, vacant lot 100x153, $399,000
16090 Gulf Shores Drive, vacant lot 104 x 129, $399,000 (w/house 9801 NW Gasparilla Pass Blvd = $1,634,000)
5700 Gulf Shores Dr, Sea Oats #221, 2/2 just off the Gulf w/wide Gulf view, $610,000
5700 Gulf Shores Dr, Sea Oats #133, 2/2 with courtyard and Gulf view, $689,000
480 Gulf Blvd, Turtleback #5, 3/2 Gulf front killer view, $925,000
371 Lee Avenue, 2/2 renovated ultra-charming Historic District cottage w/lap pool, $925,000
9801 NW Gasparilla Pass Blvd, 3/3.5 spacious pool home w/lake view, $1,235,000
487 Coopers Hawk Dr, Boca Bay Harbor-front vacant lot 70 x 84, $1,250,000
250 Wheeler Road, 3/2.5 pool home south of town, $1,295,000
208 Waterways, 3/3 waterfront with quick access to ICW, $1,325,000
1840 18th Street W, 4/3 ground level Ranch at Journey's End, $1,775,000
240 Harbor Drive, 2/2 w/deep dockage for big boats, pool, Harbor view, $1,875,000
161 Damfino Street, 4/4 w/covered boat house, deep water, pool, handsome, $1,980,000
1689 Jose Gaspar Drive, 4/4.5 pool home built 2010, $4,685,000

New Listings on Gasparilla Island (to date) in the month of March
130 Half Clove Court, 4/5 Boca Bay handsome lakeside home, $1,875,000
1716 Jose Gaspar Drive, 3/4.5 Isles pool home, remarkable views, $3,325,000

Special Opportunity: Privately available top floor Harborshore condominium is priced below second floor units @ $1,650,000!

Price Changes on Gasparilla Island in the month of February
Boca Grande Club, Village Home 2 (was $595,000) now $549,000 (-$46,000)
Boca Grande Club 30A (was $699,000) now $649,000 (-$50,000)
746 Beach View Drive (was $825,000) now $790,000 (-$35,000)
164 Carrick Bend Lane (was $1,295,000) now $1,195,000 (-$100,000)
134 Half Clove Court (was $1,445,000) now $1,395,000 (-$50,000)
843-2 Harborshore Drive (was $1,595,000) now $1,495,000 (-$100,000)
165 1st Street East (was $1,650,000) now $1,595,000 (-$55,000)
813 & 815 Belcher Road (was $1,700,000) now $1,600,000 (-$100,000)
394 Gulf Blvd (was $2,750,000) now $2,400,000 (-$350,000)
2280 East Railroad Ave (was $3,950,000) now $2,995,000 (-$955,000)
1604 Treasure Lane (was $3,595,000) now $3,350,000 (-$245,000)
2610 Shore Lane (was $3,600,000) now $3,400,000 (-$200,000)
4805 Shore Lane (was $4,750,000) now $4,500,000 (-$250,000)

Price Changes on Gasparilla Island in the month of March
Boca Grande Club 23B (was $575,000) now $525,000 (-$50,000)
Boca Grande Club 44A (was $750,000) now $725,000 (-$25,000)
252 Waterways Ave (was $1,695,000) now $1,575,000 (-$120,000)
130 Palm Avenue (was $1,950,000) now $1,895,000 (-$55,000)
Boca Grande Club Manor House 47A (was $1,750,000) now $1,650,000 (-$100,000)

Sales Pending on Gasparilla Island
Boca Grande Club, Marina Village #13 (listed $249,000)
Boca Grande Club, Village Home 19 (listed $390,000)
Boca Grande Club, Village Home 3 (listed $525,000) *Only on the market 19 DAYS*
320 Gulf Boulevard 5F (listed $630,000) *Only on the market 10 DAYS*
Boca Grande Club 59B (listed $715,000)
Silver King #123 (listed $795,000)
760 Beach View Drive (listed $849,000)
3567 Gasparilla Road (listed $995,000)
423 Green Teal (listed $995,000)
859-1 Harborshore (listed $1,175,000)
570 Gulf Boulevard, Island House 11 (listed $1,500,000)

Sold Properties on Gasparilla Island since January 1, 2011
Boca Grande Club Dunes Chalet 205 (listed $349,000) sold 2/14 for $314,000
871 8th Street E (listed $499,000) sold 2/28 for $386,000
Boca Grande Club Marina Village #17 (listed $499,000) sold 3/1 for $425,000
181 Palm Avenue lot (listed $649,000) sold 1/31 for $500,000
Sea Oats 251 C (listed $735,000) sold 1/7 for $610,000
391 Lee Avenue (listed $735,000) sold 2/17 for $675,000
290 Gulf Boulevard, Lighthouse #11 (listed $750,000) sold 2/17 for $675,000
4592 Shore Lane (listed $795,000) sold 2/25 for $750,000
371 Gulf Boulevard (listed $795,000) sold 2/25 for $550,000
361 Lee Avenue (listed $795,000) sold 2/24 for $735,000
570 Gulf Boulevard, Island House #1 (listed $1,188,000) sold 1/31 for $1,075,000
740 East Railroad Avenue (listed $1,275,000) sold 3/1 for $1,175,000
Boca Grande Club Beach Manor 112 (listed $1,650,000) sold 3/4 for $1,550,000
570 Gulf Boulevard, Island House #7 (listed $2,200,000) sold 3/3 for $2,050,000
174 Gulf Boulevard (listed $2,495,000) sold 3/3 for $1,850,000

Market Snap Shot
(MLS data only)
205 Active Listings (including all real estate listed: boat slips, vacant lots, and residential)
199 of those Active are residential listings on MLS (condos, townhouses, villas, homes)
11 Sales are Pending
15 Sold Listings (to date in 2011)

For more information about real estate in Boca Grande (Gasparilla Island), please contact me.

Kelly Reark, ABR, TRC, e-PRO
Licensed REALTOR in the State of Florida
Gasparilla Properties, Inc., Boca Grande
www.waterfrontkelly.com

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