Once in a while it’s fun to see what trends, if any, may be evident in the luxury home market. A recent overview of MLS sales and listing data for both Anna Maria and Longboat key regarding this particular segment, i.e. properties selling at or over one million dollars, uncovered a few interesting revelations. Single family luxury homes sold for about the same average price as luxury condos since last October, and while three times as many of these residences sold on Longboat Key than did on Anna Maria Island, there’s only a 28% differential between the average sales price of a luxury property on Longboat Key ($1,877,000) and on Anna Maria ($1,344,000). Considering, however, that the average square footage of a Longboat Key luxury property was 3,300 while on Anna Maria it was 2,600, Anna Maria property sold at around 3 percent more a square foot!
So what vignettes can I possibly deliver above and beyond these statistics? The highest price paid for a single family home since last October, was $7,125,000 for a one-plus acre estate on the Gulf on Longboat Key, with over 7.000 square feet, five bedrooms, five full and three half baths. It’s a mere pittance compared to the current $9,995,000 price tag for Longboat Key’s most expensive listing which is Bay, rather than Gulf, front, but which encompasses almost 9,000 square feet, six bedrooms and five full and two half baths. On Anna Maria, the honor of highest priced home for sale goes to a 3,500 square foot dwelling with full Gulf views .This Holmes Beach waterfront beauty is the 15th most expensive residence for sale among the 244 residences for sale on Longboat Key or Anna Maria and currently priced over one million dollars.
Makes you wish for a lavish windfall, doesn’t it?