Tuesday, May 31, 2016

Neighborhood Focus | Sorrento Woods | Nokomis FL

I recently showed homes to buyers in Sorrento Woods.  This neighborhood offers nice amenities and beautiful curb appeal, with winding streets lined with mature oaks and palms.

Sorrento Woods Nokomis FL homes for sale

Sorrento Woods homes start in the mid $300,000's, with up to 3900 square feet on over-sized lots. Many of the homes are updated, with durable tile roofs and concrete block construction.  About 3/4 of Sorrento Woods homes have private pools.

New construction is going on all around Sorrento Woods, both residential and commercial.  This residential construction growth may have affected sales in Sorrento Woods when comparing 2016 year to date sales with 2015 sales.

Sorrento Woods Nokomis FL real estate sale

New homes in nearby Toscana Isles, Windwood, and Villages of Milano started selling in early 2016.  Out of 207 homes in Sorrento Woods, only 3 are for sale as of this writing.  Lack of inventory combined with increased competition for buyers from these communities appear to be affecting resale statistics in 2016 for Sorrento Woods.

Sorrento Woods homes should be on your list if you're looking for a neighborhood that has some great amenities, like a community clubhouse, day dock, and community boat ramp, with low HOA fees of only $242-$300 per year.  

Contact me for a tour of Sorrento Woods homes for sale.

Friday, May 27, 2016

Neighborhood Focus | Sorrento East | Nokomis FL

Sorrento East is an established neighborhood in Nokomis that offers an excellent value for potential home buyers.

Sorrento East homes in Nokomis FL

Located about midway between Sarasota and Venice, Sorrento East is mostly made up of older homes with good bones.  Prices here start in the mid $200,000's.

Most have barrel tile roofs and are of concrete block construction.  The floor plans lend themselves to renovation, with split bedrooms, open kitchen and living areas, and volume ceilings.  Lot sizes give homes that have been renovated in Sorrento East an advantage over new construction, with most lots over 10,000 square feet. Even better, Sorrento East HOA fees are only $50 to $75 per year.

A Sorrento East home in Nokomis FL

Sorrento East also has detached villas, that like the single family homes, are perfect for renovation. These detached villas have open living floor plans, but are maintenance free and have a community pool.  The HOA fee is $340 per month, which includes replacement of the current roofs.  Besides the villas, you'll also find Sorrento Park, a 2 story condominium with prices starting in the mid $100,000's.

Villas in Sorrento East Nokomis FL

Sorrento East had a lot of sales activity in 2015, but halfway through 2016 sales are well off this pace.  The median sales price 2016 YTD has increased over 2015 by 17%, an indication of continued high demand and low inventory of homes for sale.  As of this writing, Sorrento East had 15 homes, condos, and villas for sale out of a total 603 residences.

Sorrento East recent sales Nokomis FL

Sorrento East is just minutes to Nokomis Beach, Oscar Scherer State Park, and Blackburn Point Park.

Take a look at currently available Sorrento East real state for sale on my website, and contact me for a tour.

Monday, May 23, 2016

Neighborhood Focus: Sorrento Shores in Nokomis FL

If you're a boater and are looking for a home with deep water and easy access to the Gulf of  Mexico, Sorrento Shores is a good place to start.

Sorrento Shores homes for sale in Nokomis Osprey FL

Sorrento Shores homes include multi-million dollar luxury homes with canal frontage, and more modestly priced homes without canal frontage.  This area has been a favorite of both investors and new home buyers alike.  Many of the original canal homes are on large lots and have been torn down or extensively renovated.  We are also seeing renovation of the interior homes in Sorrento Shores.

Sorrento Shores community marina

For those homeowners who are not on a canal, Sorrento Shores offers a community boat dock on a first come, first served basis.  These slips can accommodate boats up to 28 feet and cost $900 annually.  There is direct access to the ICW, and only one very high draw bridge at Albee Road leading boaters to the Venice Jetty and the Gulf of Mexico.

Compared to 2015, sales in Sorrento Shores have slowed tremendously.  I don't view this as an indication the market is slowing down, but rather a tight inventory situation and lesser renovation and investment activity.

Sorrento Shores recent real estate sales

Sorrento Shores is a deed restricted community with a low HOA fee of $75 annually.  View currently available homes for sale on my website, and sign up for Sorrento Shores updates.

Tuesday, May 10, 2016

Neighborhood Focus: Lake of the Woods in Venice FL

The area known locally as Lake of the Woods is made up of four separate subdivisions (Lakes of Jacaranda, Lake of the Woods, Park Estates, and Grassy Oaks), and is managed under a single homeowner's association called Lake of the Woods Jacaranda.

A more in-depth explanation of the history and how the area developed can be read here.

The greater area of Lake of the Woods includes 871 single family homes, centered around the 35 acre Lake Meredith.  Prices start in the mid $300,000's, and range up to the mid $500,000's.  Most homes are 3 bedrooms and 2 or 2.5 baths, built from the mid 1990's to 2004.

The Lakes of Jacaranda in Venice FL
The Lakes of Jacaranda, one of 4 communities in the greater Lake of the Woods association in Venice FL

Lake of the Woods home in Venice FL
Home in Lake of the Woods in Venice FL

Lake Meredith water view in Lake of the Woods Venice FL
Lake Meredith in Lake of the Woods

Pool and tennis in Lakes of Jacaranda in Venice FL
Clubhouse, pool, and tennis courts in Lakes of Jacaranda

Although a bit older, homes in Lake of the Woods have the attributes that today's home buyers are looking for: split plan bedrooms, volume ceilings, open concept, and durable tile roofs with concrete block construction.

Tighter inventory is influencing sales prices in Lake of the Woods.  In 2015, 52 homes sold at a median sales price of $335,000 and took 79 days to close.  2016 MLS year to date shows only 17 homes sold at a median price of $355,000 and took 69 days to close.

Please click here to view available homes for sale in Lake of the Woods Jacaranda.  Interested in more?  You can:

Thursday, May 5, 2016

Neighborhood Focus | Sarasota FL | Willowbend

Willowbend is a newer single family home community on the south side of Sarasota, located in Osprey.  Nearby attractions such as Oscar Scherer State Park and Nokomis Beach, Willowbend has a lot to like.

Willowbend's 282 homes were built by Lee Wetherington Homes between 2003 and 2005, right before the market crash.  Originally planned with eco-friendly Florida Friendly Yards, the landscaping evolved into the more mature, traditional landscaping we see in Willowbend today.

Willowbend in Osprey FL

Willowbend went through a purge of upside down homes, and most foreclosures are gone. As of this writing, there are only 4 homes available for sale in the MLS, and only 6 homes have sold here in the past 180 days, another indication of the low inventory market we are experiencing in Sarasota and Venice.  The sales price during this period was $462,750, 99% of listing price after 25 days on the market.

Willowbend Osprey single family home sales

Homes in Willowbend are 2, 3 or 4 bedroom floor plans, with 2, 2.5 or 3 baths.  Buyers will appreciate open floor plans with nice interior and exterior architectural details that distinguish Willowbend from current new home offerings.  The community pool, tennis, and children's playground are also inviting amenities for Willowbend residents.

You can view current listings in Willow bend here on my website.  Please contact me with any questions or to schedule a tour.