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Aug. 31, 2016

Top 10 Golf Courses in Sarasota & Manatee Counties

Between Manatee and Sarasota Counties, there are literally dozens of courses for the golf connoisseur to choose from. Here, we have compiled a list of the top 10, and a little bit of information on each.

#10 Boca Royale Golf & Country Club, Englewood- This 18-hole course was designed by Steven R. Smyers, Carter Morrish, and T.A. Anderson and features Champion Ultradwarf greens. Included in this golf club are driving nets, putting green, and even a pro shop. It is comprised of almost 150 acres of gold course greenery, lakes, and nature/wildlife woodlands with hardly any sight of the homes in the community. Private lessons are available, and members enjoy unlimited annual golf, Member leagues, events and tournaments, as well as personal golf cart usage. For more information call 941-474-7475.

 

#9 River Wilderness Golf & Country Club, Parrish- Offering both men and women golf programs in all levels, this course is comprised of 18 holes and par 72 championship layout designed by Ted McAnlis, a well-known architect. It includes an outstanding practice facility with driving nets, practice green for sand shots and chipping green. There are weekly mixed events for members to enjoy as well. For more information e-mail Membership@riverwildernesscc.com

 

#8 Rosedale Golf & Tennis Club, Bradenton- Another championship course designed by Ted McAnlis, Rosedale Golf is comprised of 18 holes as well as a practice facility and men and women locker rooms. There is a variety of membership types available, and Rosedale offers so much more than golf alone. For more information call 941-753-6200.

 

#7 The Club Renaissance, Sun City Center- Designed by Chip Powell, this exquisite course has two distinctive nines with a par-72. The course has beautiful water at almost every hole, and meanders through old oaks and a preserve landscape stretching 6.701 yards. For more information call 813-633-1015.

 

#6 Esplanade Golf & Country Club, Lakewood Ranch- With some of the most breathtaking views, Esplanade's championship 18-hole golf course was designed by award-winning C.W.Golf Architecture and also offers a pro shop as well as outdoor venues. To schedule a tee time call 941-306-3500.

 

#5 Sarasota National Golf Club, Venice- This course was designed by architect Gordon B. Lewis, renown for designing over 20 courses. This 18-hole championship course was designed to challenge golfers at any skill level. For more information or to schedule a tee -time call 941-371-2431.

 

#4 University Park Country Club, University Park- Conveniently located right in between Sarasota and Bradenton, University Park Country Club has been named "Best of the Best" by Sarasota Magazine. This course offers 27 holes and has both memberships and daily fees available. For more information please call 941-359-9999.

 

#3 River Strand Golf and Country Club, Bradenton- The 27-hole championship course was designed by Arthur Hills and has no short of amaze. The generous fairways paired with the precision approach shots creates the ultimate golf experience. The Manatee River is incorporated into several of the holes along with old oaks and palm trees. For more information please call 941-708-3617

 

#2 Waterlefe Golf & River Club, Bradenton- Designed by Ted McAnlis, this 18-hole championship course also runs along the Manatee River which also creates the ultimate scenic experience. The course accommodates players of all skill levels, and also offers a pro shop, beverage cart service, and grille room. For more information please  call 941-744-0393.

 

#1 Venetian Golf & River Club, Nokomis- This captivating course designed by Chip Powell was created to give any golfer at any level the best golf experience. It is an 18-hole, par-72 championship course with generous fairways and integrates a dynamic golf experience. For more information please call 941-483-4811. 

 

Aug. 31, 2016

Arbor Grande- New Community in Lakewood Ranch

Arbor Grande- Lakewood Ranch's newest community

Arbor Grande- Lakewood Ranch Florida 34211

Arbor Grande is the newest entry into the Master Planned Community of Lakewood Ranch. Located of White Eagle Boulevard Arbor Grande is being built by CalAtlantic Homes, which is a company formed when builders Ryland and Standard Pacific joined forces to compete with some of the nations other large builders. 

Arbor Grande is being designed as a private gated community with resort style amenities. Built on over 113 acres of land just south of Neal Communities Eagle Trace community. Arbor Grande will be a community of single family homes with a starting price in the mid $300's. 

Arbor Grande- Lakewood Ranch FL 34211 Interior

The design and feel of Arbor Grande will be incorporating three different architectural styles Spanish, Italianate, and European. The community is designed for all ages and stages of life. We are excited to see the homes that CalAtlantic will be bringing to Lakewood Ranch. 

We will constantly update our site with the newest information on Arbor Grande. If you would like to sign up for our VIP list just let your agent know or email mattbohanon@kw.com

Aug. 11, 2016

Luxury Home Sales and the Impact of the Stock Market in Sarasota and Lakewood Ranch

Sarasota Yacht

In a recent post, CoreLogic looked at the correlation between stocks and the sales of upper-end properties ($1 Million+ sales price). The report revealed:

 “The powerful ‘wealth effects’ generated by the rapid rise in equities between 2009 and 2015 drove a large rise in the sales of homes that sold for $1 million or more.

Historically, sales of homes priced $1 million or more averaged 1.2 percent of all home sales. The spread between high-end sales and equities widened during the housing bubble but then moved more closely in unison. By the time the equity markets had peaked in May 2015, the $1 million or more share of the market had nearly doubled, averaging 2.2 percent for the remainder of the year.”

This makes sense. As people see their wealth increasing, they feel more confident in their purchasing power. And, of course, that would also impact their decisions regarding real estate. The stock market dipped earlier this year and there was quite a bit of anecdotal evidence that the upper-end market was beginning to soften. We saw a glut of listings in Lakewood Ranch Country Club sitting for extended periods with no action. 

As we can see in the chart below, the market is again flourishing. That may rejuvenate the luxury market as we move through the rest of the year. We should see sales in the 900k+ range bounce back in Lakewood Ranch and Sarasota and inventory levels start to reduce. 

S&P 500

As we proceed through 2016 and enter 2017, the strength of the stock market will be a key factor in the strength of the luxury market. If the stock market falters, look for high-end sales to slow. If the market advances, as it has shown signs of doing most recently, the high-end market will advance. We will keep you updated on the trends in these luxury markets in Sarasota and Lakewood Ranch. 

Posted in Buyers, Real Estate, Sellers
Aug. 7, 2016

Summer Home Design Trends 2016

Summer Design Trends

With the changing of seasons comes the fun opportunity to create a refreshing and fun transition in your home. This year, the summer design trends are sure to add some flavor to your home to give it the pick-me-up it craves!

1. White! Having bright white walls in the summertime decreases the appearances of any clutter, and gives your space a clean crisp appearance. Whether it is white tile in the kitchen or bathrooms, or simple white paint, it is sure to open and brighten your home. 

2. A Dash of Color! Complimenting your white walls with a pop of something bright such as a fiery red or a lemon yellow creates a happy space. With this you want to make sure you don't overdo it! It only needs to be a small taste such as a vase, a single chair, or a piece of artwork.

3. Organics! Summer is a time to bring the outdoors in by adding some organic material as accents. Whether it is recycled fabric on accent pillows, a raw-edged wood end table, or even a small plant or terrarium, these little contributions just make you feel good inside!

4. Texture vs. Pattern! Although there are endless amounts of fun patterns in rugs, draperies, pillows, etc., this summer designers are moving away from patterns and into solid colors with an interesting texture. The reason for this is because summer is known to be a more relaxed and laid-back time of the year, so keeping it simple with color makes sense, while the textures retains some stimulation.  

5. Mixing up Cabinets! While having all matching cabinets is beautiful and uniform, designers are now turning it up a notch and not only pairing different cabinet colors together, but even pairing different cabinet styles together as well! This creates a very unique, custom look that can really "wow" your kitchen.

6. Black Stainless Steel Appliances- You have probably already noticed these beauties if you have been to Lowe's or Home Depot lately, but sleek look of the new black stainless steel appliances are really intriguing buyers, not to mention all of the new technology that you can have with it!

7. Bathroom Mirrors! And not just any bathroom mirrors, but statement mirrors! Whether it has a fun frame or a unique shape, the realization that mirrors are accents make the room so much more lively.

8. Unplug it! In a society taken over by technology, many families are now creating family rooms WITHOUT any technology in it! It is a warm and functional space where families can congregate without the distraction of televisions, computers etc. and actually have real conversations!

9. Really relax in your bathroom! Bathrooms are notorious for becoming messy and cluttered, but it is time to reorganize and add a touch of living space into your bathroom such as a comfy chair and fresh flowers. Not only does this help with relaxation, but it also creates a more luxurious feeling in this space.

10. Matte Metal! Metal finishes have comeback into action, but now designers are noticing a trend of matte metal finishes on light fixtures, accents, furniture etc. and moving away from the shiny golds and brasses.

 

 

July 23, 2016

Manatee County Food Bank In Critical Need

The Food Bank of Manatee County today launched a campaign urging local businesses, clubs, civic organizations and residents to help fill its shelves with food for the needy.

The Food Bank distributes food to more than 100 local food pantries, churches and soup kitchens in the area. In January, it received 61,205 pounds of food. But in June, that figure dropped to just 16,616 pounds.

“It’s critical that we get the support of the community right now,” said Sheri Aiello, vice president of marketing and community relations for The Food Bank. “We urgently need cereal, peanut butter, canned fruit, canned soup, spaghetti sauce and canned vegetables to help our families in need.”

For information, visit thefoodbankofmanatee.org.

Written by Pam Eubanks/

East County Observer

 

We will be organizing a food drive to help with donations for the food bank. Email mattbohanon@kw.com for more information. 

June 30, 2016

Pricing Released! Mallory Park-Lakewood Ranch

Mallory Park Lakewood Ranch Pricing Released

Mallory Park the newest Lakewood Ranch Community is brought to you by DiVosta. Featuring 36 acres of lakes and wetlands Mallory Park will have something for everyone. Total buildout in Mallory Park will be 430 single family homes and townhomes. There will also be a resort style pool and clubhouse with state of the art fitness center. Mallory Park will be a great addition to Lakewood Ranch. 

They will be offering 6 home series at Mallory Park

Townhome Series- Starting From $199,990- Sqft ranging 1617-1825+

Mallory Park Townhome Series

Manor Series- Starting From $289,990- Sqft ranging from 1861-3307+

Mallory Park Manor Series Pompeii

Traditional Manor Series- Starting From $269,990- Sqft Ranging from 1758-3411+

Mallory Park Traditional Series Summergate

Estate Series- Starting From $349,990- Sqft Ranging from 2455-4242+

Mallory Park Estate Series Winsford

Premier Series- Starting From $419,990- Sqft Ranging from 2903-3900+

Mallory Park Premier Series Southamption

Traditional Premier Series- Starting From $329,990- Sqft Ranging from 2212-3514

Mallory Park Traditional Premier Series Shoreview

Give us a call for more information 941-726-8750 or email matt@kwsarasota.com. 

 

June 30, 2016

3 Reasons to Buy Luxury Property THIS Year!!

Lakewood Ranch Homes

The housing market is hot, with prices rising as demand far outpaces supply in almost every region. However, when it comes to luxury real estate, things are quite different. In the upper-end market, inventory is plentiful in most locations. Homes in Lakewood Ranch's most prominent neighborhoods The Lake Club and Country Club sit stagnant if they are not priced correctly. 

For that reason, prices haven’t skyrocketed as they have in the lower and mid-tier markets. This, coupled with sensational mortgage rates, means that this may be the perfect time to purchase the luxury property you have always desired.

Let’s break it down into the three major reasons to act now:

1. There are more homes from which to choose

According to a recent Wall Street Journal article, inventory in the upper end is increasing, while it is decreasing at the lower and mid-tier price ranges. Here is a graph showing the average increase/decrease in inventory for the first four months of this year as compared to last year:

 

Sarasota and Bradenton Luxury Homes

2. Prices are becoming more reasonable

In a separate article, the Wall Street Journal also talked about prices in the luxury market. They explained that downward price adjustments have been more common in the luxury market than in markets with lower prices. They went on to say:

“The growing number of price cuts suggests luxury-home sellers are becoming more realistic about property values as sales have slowed, said several real-estate veterans.”

Not only will you have more to choose from, but you may also be able to get the property at a reduced price.

3. Mortgage rates are at historic lows

In the past, one of the drawbacks to purchasing a luxury property was the larger mortgage rate on “jumbo” loans which are often required on high end properties.

However, HSH.com just revealed that jumbo rates just set new record lows:

“While conforming fixed-rate mortgages eased a little this week, 30-year fixed-rate jumbos declined enough to break into new record low territory (3.66%), besting the previous low set in April by two basis points.”

Bottom Line

More choices, better prices and historically low mortgage rates may make this the perfect time for you to own one of those luxury properties you and your family have always fantasized about. If you want to check out some of Siesta Key's nicest homes click here

June 30, 2016

Sarasota 4th of July Fireworks 2016

4th of July Fireworks Sarasota

4th Of July Fireworks Schedule for Sarasota and Manatee Counties

July 3: Anna Maria Island Beach House Fireworks Spectacular (dependson nesting birds!) N. Bradenton Beach

July 4: Fireworks Spectacular over Sarasota Bay- Dusk (around 9:00pm)

July 4: Independence Day Celebration and All-American Barbecue at Selby Gardens- $30-$35 6:00pm-10:00pm

July 4: Fireworks Display at Siesta Key- Dusk (around 9:00pm)

July 4: Fireworks in Venice (Venice Beach)- May want to arrive early to get a spot!

July 4: Longboat Key Freedom Fest Parade- 9am-11am at Town Hall

July 4: Englewood Firecracker Festival and Craft Show followed by Fireworks Show- 11am Dearborn Street, Englewood

July 4: Myakka River Kayak Festival and 4th of July Jam Blast- 8am-4pm

July 4: Palmetto- "Fourth Festival" featuring music by Smash Mouth and Fireworks on Manatee River - 4-9pm

July 4: North port Freedom Festival- 6pm

July 4: Anna Maria Island Sandbar Restaurant Fireworks Spectacular- 100 Spring Avenure

July 4: Bradenton Fireworks over the Manatee River around 9pm 

Have a happy 4th from everyone at the Pegasus Property Group!

June 14, 2016

Building a new home? Here is what you need to know

7 Things To Consider When Building A New Home

With the flurry of new construction in Sarasota and Lakewood Ranch you have a great opportunity to build your dream home. We compiled this quick list of tips to ensure you are confident in your decision! 

1. Have someone on your side- There are a lot of buyers who will purchase a home without representation. You need someone in your corner who represents you and your best interests. Most builders have agents who are great at what they do... but in the end represent the builder and whats best for the builder. Bringing in an experienced real estate agent can save you time and money when building your new home. 

2. Research the builder- Do your homework, builders come in various shapes and sizes. Does your builder have a track record of quality in the community? How are there online reviews? Where else have they built homes? Knowing these things can save you headaches in the years to come. 

3. Go see what a spec home looks like- The builder builds model homes for one reason, to showcase there skills and show you what there home can be when its done to the 9's. Some people will fall in love with the model home and sign without ever seeing a spec home. You have to remember the builder put a ton of extra time and money into this home to make it a real showcase. When you build all of those things will be extra, so you need to go check out a home that is plain with tan tile and carpet to see if it's really what you like. 

4. What are the current incentives- Builders sell a product, so they usually have an enticing offer to help move there product. Make sure you ask what the current incentive programs are, you will want to know the breakdown of those incentives as well. A builder may offer free upgrades, cover closing costs, have discounted lots. You will really have to compare and contrast the different incentives to see which one works best in your individual case. 

5. Ask to see the inventory homes- People can be impatient, to counter that the builder will usually have a few homes already built. These homes will come with the basic standard features and a small list of upgrades that they feel will help the home sell. If these homes have been sitting for a long time though they can offer a substantial savings over a new build. 

6. What are the upfront costs- Since builders come in all shapes and sizes so do there bank accounts. Some of the larger national builders will only require a 5 to 10% deposit to begin construction on your new home. You will then take out a traditional mortgage when the home is finished. The smaller builders and usually custom builders as well will require a construction loan. This will usually require you to purchase the land first and then take out the construction loan. A construction loan will work on a draw system, every 6 to 8 weeks the builder will request a draw to move further in the construction process. Speak with you agent to figure out what will work best for your scenario. 

7. Can you buy the model home- Builders will eventually have to sell there model homes. Some builders will do this right away however and you can usually get a great deal on a home with all of the bells and whistles. If the builder is willing to sell you there model home they will probably ask for a "leaseback". A leaseback is when the builder will sell you the home and then continue to use it as there model home while paying you a monthly rent. This can be a great thing if you are not planning on moving for a while. 

June 5, 2016

Market Update Manatee County May 2016

New Listings Are Up In Manatee County 

Manatee County Market Update May 2016So what does this data mean to you? 

Pending sales are down 1% in Manatee County which is great news for buyers. We also saw an increase in new listings which means there is a bit more inventory on the market. We had a higher contract ratio from March which shows us that buyers are still out there picking up these incredible homes. 

Check out current Manatee County Homes for Sale

The average days on market for a Manatee County home increased slightly to 77 days on market. If your home has been on the market longer than this you should have a look at your pricing and marketing strategies. You should be getting weekly marketing updates so you can make the best decision regarding your home. 

If you are thinking of selling your home

What a great time to be a seller! Demand is high and buyers have access to great loans at record low interest rates. If you were thinking of downsizing to a smaller home in Manatee County or maybe moving up to your dream home on the water in Longboat Key, it's a win win either way. Give us a call at 941-726-8750 for a free marketing consultation so we can show you the most aggressive marketing plan in real estate. 

Want a free monthly market report? Click Here

Looking for a online home evaluation? Click Here