Sarasota Real Estate News

Luxury homes are making a comeback in the Sarasota area, and Casey Key home sales are on the move. The selection of waterfront Casey Key homes available for sale has diminished a little, but there is still a very nice selection for buyers. We continue to see buyers shop for homes that are well priced for the market. Buyers are still looking for deals. Smart and motivated sellers are working with offers and transactions are taking place.

Lush tropical landscaping and the element of privacy draw entertainers, movie stars and authors to Casey Key. Residents enjoy a relaxed Florida lifestyle on this topical island. They walk the beaches, explore the jetties, and are mesmerized Gulf of Mexicos vistas. Camera buffs and adventurers seek out Casey Key too.

There arent any traffic lights on Casey Key. Youll see walkers, bikers and Mote Marine volunteers during sea turtle season tending turtle nests. Baby sea turtles head to the Gulf waters as does mamma turtle so be careful not to disturb them.

Casey Key stretches between the Gulf of Mexico and Sarasota Bay where youll find some of the areas prime real estate. Currently the Sarasota ML reports 37 homes on Casey Key FL for sale. Prices of homes on Casey Key range from $699,000 to $19 million. There are 5 homes under contract on Casey Key and within the last six months, 10 homes have sold on Casey Key.

Magnificent Gulf to Bay properties always command top prices on Casey Key. Many of these properties include private boat dockage as well as a beach cabana. If you are searching for a home with lots of space and incredible views, Casey Key homes have been significantly reduced. Maybe its your time to find the perfect beach house.

Casey Key Real Estate Sales

• Highest Priced Home: $19,000,000
• Lowest Priced Home: $699,000
• Pending Sales: 5
• Sales: 10

Recent Sales: $650,000 to $7,575,000

For additional information, photo galleries, and showing of Sarasotas barrier island homes: Siesta Key, Lido Key, Bird Key, Longboat Key, and Casey Key FL real estate visit our main website or contact the John Allen Team at 941-544-6467.

If home sales in Casey Key are any indication, the market for Sarasota luxury homes appears to be moving in the right direction. In fact, a home sold earlier this month was sold with a price tag that is higher than any other home sale in Casey Key since November 2009. On July 15, a 10,000-square-foot home situated on 1.65 acres on Casey Key was sold for $7.58 million. The home features 200 feet of Gulf of Mexico shoreline as well as an upstairs and downstairs master suite. Other features include a summer kitchen, an eight-car garage, a separate caretakers building and a disappearing edge swimming pool and spa. Not only was the home sold at the highest sale price since November 2009, but it is also the second-highest price to be paid for a home within Sarasota County in 2011. Similar signs of an economic turnaround are also being seen at nearby Bird Key, where sales have been brisk. In addition, construction has begun on a number of new luxury homes that are expected to cost more than $14 million to construct. The largest is an 8,000-square-foot home being constructed by Jimmy W. Hayes, who is the chief executive of Cox Communications in Atlanta. According to Jack McCabe, who is a real estate consultant in Deerfield Beach, the fact that land prices fell by as much as 50 to 70 percent “allowed some builders to acquire land and build homes that can complete favorably with foreclosures.” “At the same time, the stock market has picked up and the economy is better than it was, which contributes to feeling that we have turned the corner,” continued McCabe in a recent Herald Tribune article. While we still have not completely recovered from the recession, most experts agree that the worst days are behind us. Given the fact that buyers are confident enough to pay millions of dollars to purchase homes and builders are willing to invest millions more into constructing new homes, things certainly seem to be moving in the right direction. Search Waterfront & Luxury Homes for Sale on Casey Key and Bird Key  Bird Key Real Estate - Sarasota | Casey Key Waterfront Homes Contact Us For More Information Learn more about our professional expertise and our 30 year company history. Explore our luxury buyer services tailored to your specific needs... or find out how to get started. If you are ready, just Contact us now and we'll be delighted to discuss how we can help you.

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