JUST LISTED – Exquisite Savoy on Palm Penthouse $5,800,000

THE SAVOY ON PALM PENTHOUSE

Savoy PenthouseSavoy Penthouse

The Savoy on Palm is a chic and sophisticated residential address, walking distance from the heart of downtown Sarasota. With only 24 residences it is perfect for those who wish exclusivity and privacy.

The offering is Sarasota’s ultimate penthouse with over 5,700 square feet.  The private elevator opens to a grand entry foyer and rotunda with onyx floor detail and sky dome above. Visitors are immediately met with a captivating view through the spacious grand salon and out a true floor-to-ceiling wall glass to Sarasota Bay and the Gulf beyond.  The large salon includes a full bar, gas fireplace with marble hearth, and ample spots to exhibit art and collectibles. And vast terraces wrap the condominium providing a variety of seating and dining areas from which to enjoy both water and city scenes.

401 S Palm Ave Unit 1101-large-023-52-024-1500x1000-72dpiThe residence has four bedroom suites and five full bathroom. A chef’s kitchen with large center island featuring a Viking gas range with Miele hood, also has Dacor ovens, Bosch dishwasher and Poggen Pohn cabinetry. Best of all are the incomparable views from the kitchen and breakfast room, as well as the adjacent family room with built-in cabinetry and 70’ television. A butler’s pantry serves the large dining room with wrap-around glass and stunning ceiling coffer detail. An outdoor kitchen with Dacor gas grill is easily accessed from the kitchen.

The master suite is an exquisite retreat for the residents. From the bed owners will view kaleidoscope sunsets through the wall of glass, his and hers closets are large and well equipped including dressing tables in each, a spacious double rain shower behind glass and glass block, double walk-in whirlpool oversplash tub and his and hers water closets are additional featuresSavoy Penthouse.

Grand halls throughout the penthouse with handsome finishes, niches and lighting create gallery like settings ideal for displaying sculpture and paintings. Guest suites are large and all feature private baths and terraces with views of the morning sun and the city. One guest suite comes with its own private elevator access, large private terrace, full morning kitchen, double shower and Kohler whirlpool.

All of the living spaces are ample for grand entertaining, while at the same time perfect for intimate conversation. Marble floors and designer light fixtures, electronic window treatments, sophisticated lighting and sound system, deep terraces, a private hot tub, 10 foot ceilings, solid core doors, water filtration system and hot water circulating pump, three air conditioning zones are just some of the special features the residence offers.

A 1,200 bottle wine cellar and three car garage are ideally located in the building just next to the elevator. The exceptional Savoy amenities include concierge services, social lounge and catering kitchen, fitness center, library w/ fireplace and wine bar, massage room, heated 60 foot pool and spa with summer kitchen, rooftop sunset terrace and a two-room guest suite.

The Savoy is a pet friendly building with fenced dog walk.  It also has fully funded reserves. Enjoy all that downtown Sarasota living has to offer: the spectacular waterfront, theaters, galleries, fine dining, Selby Gardens, Farmer’s Market, entertainment and more at your doorstep.

View the Listing HERE

401 S Palm Ave Unit 1101-large-001-2-001-1500x1000-72dpi

JUST LISTED – Manatee River Waterfront Home

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Medallion Home’s furnished Bimini model in the desirable Inlets community on the Manatee Waterfront, 2016 Parade of Homes winner, is a stunning contemporary new home on a choice deep water site.  Vast terraces on both the main living level and the second level offer expansive views of the Manatee River.

The more than 4,800 square foot, four bedroom residence was meticulously designed with state of the art architectural details including a floating staircase with glass railing, limestone flooring, rock waterfall behind the dining room, luxury wood cabinets throughout, stunning lighting features, high ceilings – many with beautiful detailing, and impact glass windows aplenty, to name just a few special elements.

The main level features a two-story living room with generous use of glass to highlight the magnificent views, gas fireplace, formal dining room with built in sideboard with generous storage, family room, and complete chef’s kitchen with views of the Manatee Waterfront has a 6-burner Wolf gas cook-top, sub-zero fridge, two dishwashers and beautiful cabinetry providing ample counter space and storage. The main level master bedroom retreat has inlay ceilings, and a coffee bar leads to the spa-like master bath.

The second level of the home has two en-suite bedrooms, den, tech or hobby room, an architecturally stimulating large gathering room with a serving bar and full walk-in glass wine cellar and large terraces. An elevator serves the two living levels of the residence.

Outdoor entertaining is special beside the Infinity edge salt water pool and spa.  With a full summer kitchen and fire pit and vast decks for multiple seating areas and sunning spots, this home is perfect for true indoor-outdoor living.  This is an ideal waterfront location convenient to Sarasota, St. Petersburg and Tampa with world class shopping, I75, IMG Sports Academy, Benderson Rowing Park and three airports.

Offered for $2,695,000

View the listing HERE

Manatee Waterfront

JUST LISTED – $26.5 Million Beachfront Estate on Longboat Key

Serenissima

A stunning ode to the majesty of Renaissance Venice, Serenissima “The Most Serene” is one of the finest homes ever built in Florida. The Beachfront Estate is incomparable in architecture, irreplaceable in artistic beauty and and situated on the southern end of the Longboat Key, this palatial masterwork embraces a luminous panorama of sea, sand and sky. The serene yet powerful exterior dazzles with its white Italianate façade, while the interior presents unprecedented design and luxury.

Longboat Key Beachfront Estate015023Serenissima engages all of the senses, starting with the breathtaking atrium-style marble-clad entry hall, where a brass trimmed and glass birdcage elevator awaits passengers, peering upwards you are met with stunning colonnades on the living floors above and the handcrafted majestic glass dome opening to the skies, and before your eyes the azure Gulf of Mexico melts into the horizon.

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Indulgent details such as gold-leaf domed ceilings, gold and crystal faucets, intricate trompe l’oeil features throughout the home, beautiful wall sconces and sparkling chandeliers, a 10-seat home theatre with stage and 100 foot screen, graceful silk drapes with distinctive detailing, even elegant decorative finial hinges and custom door handles, subtle rope lighting in recessed ceilings, and electric shades on nearly all windows, help to make this home the epitome of style and sophistication.

Designed with a reverence for craftsmanship; lyrical Venetian murals, beautiful locally designed and fabricated stained glass windows and doors, custom 043balustrades along wide colonnades on each floor, extraordinary millwork and carefully curated stone, marble and granite throughout are just a glimpse of the details across three living levels.

Serenissima truly does blend spectacular entertaining with warm living spaces. Even the grand salon, which could easily fit 100 guests, has intimate seating 045areas perfect for a family crossword puzzle night or for gathering to watch a major sporting event with a few friends. The kitchen is master-chef quality, yet also a perfect setting for family holidays and celebrations, with ample areas to either participate in the feast’s preparations on simply to keep the cook company, it is fantastic for congregation and conversation.

Three levels of palatial terraces encased in glass rails present striking views over the sprawling pool with infinity edge to the captivating backdrop of the Gulf just beyond.

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Supreme in scale, Serenissima balances voluminous spaces for entertaining with intimate leisure rooms, all of which inspire memorable moments with family. These include a magnificent grand salon, which could easily accommodate 100 guests, a master chef’s kitchen ideal for congregation and conversation, 10-seat theatre and Sun Room adjacent to the pool.

The second living level of the home is for intimate family living.  A central sitting room with full kitchenette separates double master suites and offices, all of which offer a unique security system making this area058 especially fortified should an owner choose to engage it.  This level also offers an en-suite guest suite, two full laundry rooms and access with both the Bird Cage elevator and a service elevator, as well as the grand staircase.

A third living level is home to the 10-seat theatre, which is wood encased with structural elements to enhance the sound, houses a 100 foot screen and even has a stage for performances.  The theatre’s foyer is harlequin themed with faux painted walls with brass brad detailing, stained glass doors and a bathroom with an elegant Phantom of the Opera motif.  In addition, this level includes three en-suite bedrooms, family room with kitchenette and laundry facility complete with hairwash sink.

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At Serenissima, active days of sand castle building, shell seeking, sailing, golfing or theatre-going are capped by spectacular sunsets enjoyed from expansive terraces with incredible views spanning the infinity pool, beach and Gulf.

On the ground level is a 10-car gallery with ample room to allow drive through when fully occupied, vast storage areas, wine room and even a gardener’s potting room and large crafting room.

The beachfront estate is set behind the exclusive gates of The Longboat Key Club, amenities include golf courses, tennis courts, restaurants, a spa, fitness center and marina. St. Armand’s Circle is less than 5 minutes away and downtown with its renowned visual and performing arts venues, shopping and award-winning dining awaits just across the iconic Ringling Bridge.

Appointments for private showings for qualified buyers and brokers may be made by calling 941.928.3559 or emailing MichaelMoulton@MichaelSaunders.com.

View the PROPERTY VIDEO HERE

View the LISTING HERE

$26,500,000

JUST LISTED! Siesta Key Waterfront Home at Riegels Landing

Siesta Key Home

A gated Siesta Key Waterfront Paradise located mid-island in coveted Riegels Landing is now available.  Offered at $1,895,000.

With more than 4,800 square feet of living space and stunning gardens boasting views of the deep-water protected harbor with direct access to the Intracoastal Waterway, this fully remodeled home offers a private oasis just a short walk to award-winning Siesta Key Beach.

Siesta Key HomeBeautiful glass entry doors lead to a grand entry foyer and striking vaulted ceiling living room with floor-to-ceiling walls of glass overlooking lovely gardens, the expansive screened pool area and quiet harbor beyond.

A remodeled kitchen has gorgeous European style high gloss cabinetry by Village Woodworking including generous storage, rare Van Gogh granite counter tops, Wolf gas cook top and oven, Subzero refrigerator, refrigerator and freezer drawers, and Meile dishwasher and dumb waiter to bring groceries and packages from the garage. A large dining room and eat-in kitchen area allow for both casual and more formal dining.

The spacious master suite is located on the main living level and has vaulted ceiling, large master bath with walk-in glass-walled shower, soaking tub with garden views, walk-in closets and adjoining den with gentlemen’s half-bath. The home also has two additional en-suite bedrooms as well as an additional first-level space easily converted to a fourth bedroom, mother-in-law suite or entertainment/game room.

Siesta Key HomeA wide covered loggia and terrace surrounding the pool plus spacious second floor deck makes outdoor entertaining and activities a delight. Lush and mature landscaping frame the large screened outdoor living space with  lovely grassed areas and walkway to the large dock with space enough for two boats, and with deep water in the harbor, the perfect spot to keep your sailboat.

The Siesta Key Waterfront home has laundry chute, multiple air conditioned storage rooms and all rooms are wired for cable and audio. The home has a built-in sprinkler system and full house generator, Anderson windows and hurricane shutters.

MLS Listing A4166312

JUST LISTED! Stunning Downtown Sarasota Waterfront Penthouse

Sarabande penthouse

Come live in one of Sarasota’s premier buildings, Sarabande, at the edge of the magnificent downtown Sarasota Bay front.

Sarasota penthouseThe exquisite 4,300 square foot penthouse residence, never before offered for sale, enjoys breathtaking views west through floor to ceiling windows of Sarasota Bay, the bay front Marina, city skyline and majestic sunsets over the Gulf of Mexico from all the main living spaces and three expansive terraces.

 

Spacious rooms include a separate living room, dining room and family room, in addition to three bedrooms plus another that could be den, office or fourth bedroom. The master suite has an enormous walk-in closet/dressing room perfect for the fashionista, plus second large walk-in.

Sarasota waterfront penthouse

 

The bespoke elegance of the residence includes volume ceilings, luxury finishes and designer fixtures, gorgeous window treatments, granite flooring and counter tops, custom cabinetry and more. This inimitable home has a private elevator and lobby, two garage parking spaces and two storage rooms just steps from the elevator.

Living at Sarabande offers exclusive use of the building’s stylish lobby reception area with concierge, club rooms for private gatherings, fully equipped fitness center, 25-meter heated pool, spa, sauna and two guest suites. Sarabande is pet friendly.

Offered for sale at $4,200,000.  Visit the full listing HERE.

SarabandeSarabandeSarabande

JUST LISTED! Fabulous 4B/3BA Home in Ashton Glen in Sarasota – $575,000

 

Ashton

This lovely home in Ashton Glen, a small enclave of residences built in the early 2000’s, sits on a quiet cul de sac within this family-friendly neighborhood. The home is one story with three bedrooms and a fourth that could either be used as a bedroom or office/den. The open great room design of the home, and split floor plan, makes wonderful use of the nearly 2,700 sq.ft..

The living space opens to a large caged pool area allowing for a perfect flow for indoor/outdoor entertaining. The home boasts tile flooring in the main living spaces, open kitchen with breakfast bar, bar and wine cooler, a spacious master bedroom with two walk-in closets and updated master bath, along with recently replaced carpeting in the bedrooms. The large pool has both a wading terrace and spa, as well as decorative fountains and planter decks that create a beautiful tropical retreat.

The home owners have made many improvements such as new kitchen and bath cabinets, exterior painting just last year, installation of a new HVAC system with 10-year warranty, new variable speed pool pumps and Pentair pool system mother board also last year. Tile flooring in main living spaces was replaced in 2013.

A Wireless Smart House controls locks, alarm, a/c, lights, garage and more. Well designed landscaping including an irrigation system with well and professional landscape lighting are additional highlights of the property.

Ashton Glen is located in a very sought after school district in Sarasota – Ashton Elementary, Sarasota Middle and Riverview High. It is just minutes to Siesta beaches, shopping and access to I75. This home really needs to be seen to appreciate all the interior and pool area enhancements the caring home owners have made.

Listed at $575,000

View the full listing HERE

JUST LISTED! Longboat Key Home – The Bayou | Bay Isles

 

Bay Isles home

This lovely Longboat Key home is situated on a quiet cul-de-sac in the Bayou neighborhood of Bay Isles, located at the southern end of Longboat Key, and behind the secure gates of Longboat Key Club.  The residence boasts an elevated site and renovations.  The cathedral ceilings, spacious and open living area with gas fire place, and contemporary three bedroom split floor plan are just some of the special features that make the home special.

The large master suite includes a luxurious marble spa, dual sinks and a separate shower.  The guest bedrooms are en-suite and there is an additional full bath to serve the pool area. The closets are generous offering plenty of storage.

Outdoor living and entertaining is enhanced by a large wrap around screened deck and pool area that is accessible from many of the rooms.  The tranquil setting, lush landscaping and mature trees provide a feeling of privacy yet you are just minutes from every convenience imaginable.

This home has been meticulously cared for with a new roof in 2005, new HVAC in 2007 and the deck was replaced in 2009. Bay Isles offers residents the finest of amenities including private beach club, golf and tennis.

The Bayou is close to the Longboat Key Town Center with shopping, dining and even a new medical center.  It is just a short drive to famed St. Armand’s Circle and its fine restaurants and boutiques, and downtown Sarasota is just minutes more, where many exceptional cultural activities, award-winning restaurants and stores can be found.

Offered at $775,000

To view all of the details of this beautiful residence, click HERE

JUST LISTED! Longboat Key FURNISHED Waterfront Condo

Longboat Key Luxury Condo

Grand Mariner is a Mid-Longboat Key luxury residential yachting community of only 14 residences. Situated on a naturally protected deep-water harbor on the edge of Sarasota Bay with 22 private boat slips, and a beach access to Longboat Key’s powdery white sands just across the street, Grand Mariner is truly a place of special distinction.

The more than 3,200SF furnished residence is a single floor spacious invitingly fluid condominium with a great-room floor plan, three en-suite bedrooms, distinctive architectural details, gourmet center island kitchen, large terrace with a built-in gas grill and a private secure elevator. The master suite has spectacular views and direct access to the terrace. It also offers his and her walk-in closets plus a large master bathroom with a whirlpool tub and two water closets.

This Longboat Key luxury condo at Grand Mariner has two deeded boat slips that each can accommodate a vessel up to 70’ in length with a wide beam, one with a new 20,000 lb. lift, and each slip has 30 and 50 amp electricity, cable, and water. The Grand Mariner community offers a fully equipped fitness center, heated community pool and spa overlooking the bay and a community social room with large outdoor terrace for additional entertaining. The residence also includes an enclosed, private two car garage under the building with an abundance of built-in storage cabinets. The home is offered furnished and has a Kenetico water purification system installed.

With lush tropical landscaping and securely gated grounds, this is a peerless boater’s paradise perfectly located on Longboat Key less than 10 miles from the charming shops and restaurants of famed St. Armand’s Circle and just 3 miles north to Anna Maria Island. Sarasota’s award-winning cultural amenities, fine dining and recreational activities are a short drive away.

Offered furnished at $1,650,000.

Longboat Key Waterfront Condo    Longboat Key Waterfront CondoLongboat Key Waterfront Condo

JUST LISTED! Longboat Key Waterfront Home – $5,850,000

Longboat Key Bay Front Home

Enjoy a truly remarkable luxury waterfront lifestyle in this majestic two story Longboat Key Waterfront Home, custom built in 2007. The home is set on an oversized lot, almost a full 1/2 acre, with wide panoramic views of Sarasota Bay and city lights from every room, and located on Longboat Key’s prized southern end.

The property is lushly landscaped with mature trees and plantings, and enjoys a 271 foot long deep water seawall with plenty of room for large and small watercraft, along with two boat lifts. The exterior of the home, Mediterranean in feel with Columbian Clay roof tiles, has more than 2,000 square feet of outdoor living spaces, including the bayside terrace beside the 17’ by 29’ infinity edge wall pool and heated spa.

A magnificent ten foot arched Mahogany double door leads into this spacious and beautifully detailed residence. Interior floors include authentic Mexican floor tiles, marbled porcelain tiles, hickory wood and carpet in the bedrooms. On the first level you will find grand interior spaces including living room, dining room, spacious family room, gourmet kitchen all with glorious views, and guest suite with sliding doors giving visitors direct access to the pool and dock. A Mahogany stained and high gloss varnished Red Oak spiral staircase leads to the second level where three en-suite bedrooms can be found.

A marble floored foyer leads to the large master suite with floor-to-ceiling sliding glass windows, travertine floored terraces, den and two walk-in closets, as well as its own HVAC system. The master bath’s Esmerelda Brazil turquoise details are stunning, and perfectly complement the bay waters seen through the expansive windows. There is also an elevator and laundry rooms on both levels.

The gourmet kitchen has Brazilian cherry cabinets, top of the line kitchen appliances including a natural gas five-burner cooktop, double full-size ovens, built-in wine cooler, large polished black granite center island, and more. The comfortable breakfast area offers gorgeous direct Sarasota Bay views.

Wood burning/gas fireplaces in both master bedroom and family room, remote control Bose Theatre sound system throughout, WinDoor sliding stacking doors, Pella Windows and a 16KW Guardian gas generator are just a few other special features.

Outdoor living includes a gas heated Infinity Edge salt system pool and spa, large outdoor kitchen and four large covered terraces with varnished wood paneled ceilings, and an abundance of magnificent landscaping.

This home is one of the few residential offerings on Longboat Key where construction meets criteria of the current building code. Homeowners in Country Club Shores enjoy deeded beach access to the beautiful beach and warm Gulf waters on the shores of Longboat Key. Located at the Southern end of Longboat Key, it is directly across Gulf of Mexico Drive from Longboat Key Club with its award-winning golf and tennis facilities, minutes from famed St. Armand’s Circle’s boutiques and restaurants, and downtown Sarasota with its myriad cultural, shopping and dining options is  short drive away.

Offered at $5,850,000

To view the listing, please visit HERE

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Moulton Sarasota Real Estate Report – It’s Not Just a Spring Thing

Sarasota Beach

The Moulton Sarasota Real Estate Report – February 2015

The Sarasota Real Estate Market’s peak selling season is traditionally the spring.  However, the number of contracts signed in December and January this year gave the area a jump start and created a near record number of closed sales in February.  In fact, just in the first two months of 2015, we have already hit a sales pace that is better than any of the last 10 years.  With a significant number of pending contracts signed in February, well in excess of last month and last year, and the height of our selling season ahead of us, it is no surprise that economists and housing experts are predicting a record year already.

February Market Data

The number of closed sales in the Sarasota Real Estate Market was impressive.  In reviewing Trendgraphix records, from the market low in 2008, sales have recovered almost 50% and are at a 10-year high.

Sales

  • Total sales in Sarasota Real Estate Market increased 6.3% from February 2014.
    • Single-family homes rose 10% over last year and condos fell slightly at 1.2%.
    • Florida’s single family home sales were 19% greater than last year and condos increased 7.4% over prior year, creating a total increase of just over 15%.
  • Sales in February increased an impressive 12.3% from January, which was the 2nd strongest January in 15 years.
    • Nationally, total sales increased 4.7% compared to February 2014 and 1.2% to prior month.
  • The Sarasota Real Estate Market’s all-cash transactions consistently exceed average around the country.
    • In Sarasota, February’s cash sales were 58% of all transactions.
    • The national percentage of all-cash sales for February was 26% in comparison.
  • Distressed sales (short sales and bank owned) as a percentage of total sales have continued to fall. In February those sales were about 20% of total sales in Sarasota, considerably below the 50% mark at the bottom of our housing market.
    • The national volume of distressed sales was 11% last month.

Pending Sales

Pending contracts signed in February were strong.  The greatest growth in the Sarasota Real Estate Market occurred in the condominium market.  Contracts typically take several weeks to negotiate after buyers make their first offer, so based on the record tourist traffic this winter, I am not surprised to see a robust month of pending sales.

  • Sarasota pending sales recorded in February increased 5% over January, and also increased over prior year.
  • Of the 1046 pended sales, single family homes actually saw a small decrease in contracts signed compared to prior year. Condominiums going under contract had 14.7% more signed last month when compared to February 2014.

Sale Prices

Sarasota Real Estate prices are continuing to grow at a steady pace.  The growth in prices is moderate, which leads to sustainability in the marketplace.  As we learned in the real estate bubble experience, double-digit price increases, well in excess of GDP, is untenable.

  • Prices for Sarasota Real Estate transactions closed in February rose 8% over prior year.
    • The median price for single family homes is $196,000, an increase of 6% over a year ago.
    • Condominiums median price was $187,500, an increase of 10.3% over a year ago.
  • The average sales price for houses was $296,424 in February and sold at 93.3% of the list price.
  • With condominiums, the average sales price was $238,334 and sold at 92.7% of list price.
  • National sale prices for February increased 7.5% over prior year. Median prices in Florida rose 9%.

Inventory

As home equity within the Sarasota Real Estate Market improves, more home sellers who had been sitting on the sidelines waiting for the market to recover are now putting their properties on the market.  The balance between a sellers and buyers market is considered to be one with six months of supply.  Sarasota continues to suffer from too few properties to meet demand, and despite the appearance of many cranes and other signs of new building, the new homes market is not yet great enough to offset the many years of inactivity.

  • Total inventory in the area is currently at a 5.6 month supply
    • Properties under $500,000 have just 4.5 month’s supply.
    • In the category $500,000 – $1 million, inventory is 11 months.
    • For properties over $1 million, there is a 26-month supply.
  • New listings have increased over the past few months, though the inventory has decreased 10% from a year ago.
  • Condominiums have seen the greatest compression of inventory – February units for sale fell 12.9% when compared to February 2014.

The 2015 Sarasota Real Estate Market has all the signs of stability and strength as we enter our peak selling months of spring.  With the reported hefty pending sales recorded last month, it appears that March will be another strong month.  The other important factors that contribute to our growth – easing of inventory shortages, interest rates remaining low, consumer confidence research showing optimism, and price growth at a measured pace – all indicate that now is a great time to buy a home.  And if you are an undecided prospective seller, with the three busiest months of the year upon us, your wisest decision would be to enter the game now.

Whether a buyer or seller, my more than 30 years in the Sarasota Real Estate Market brings an advantage of a depth of knowledge of the many special communities in and around Sarasota, market trends, and even planned transformations that could affect housing.  As a seasoned real estate professional, I will work with you to identify your short- and long-term interests, and will help you to achieve your individual objectives.  Please call if now is your time to buy or sell a property!  It would be my distinct honor to assist you, family, friends or acquaintances with their next Sarasota Real Estate transaction!

The following statistical data is provided through the Sarasota Association of Realtors for properties throughout Sarasota County. The table summarizes what happened in each price segment. The Sold, Pending and Listed columns are sales and new listings for the month of the report, and the Pending Total and Listed Total are the current totals of each at the report’s month end.

SARASOTA COUNTY MARKET REVIEW FEBRUARY 2015

Feb 2015 report sm