News about properties and real estate
A 6,571-square-foot estate on Longboat Key became the fourth property in Southwest Florida this year to net more than $5 million when the sale closed Wednesday. Behind closed gates, the mega estate sits on an acre of the sandy island, overlooking the Gulf of Mexico. The home comes complete with a separate three bedroom guest …
Continue reading “Beach house’s sale in top four of $1 million plus deals this year”
A waterfront estate near the tony St. Armands Circle shopping district has sold for $4.25 million, the highest-priced single-family home sale on Lido Key since 2007. The 6,123-square-foot home and 141 feet of Sarasota Bay frontage went under contract just 81 days after being placed on the market, according to brokerage Michael Saunders & Co., …
Continue reading “Bayfront Lido Key home bought for $4.25 million”
Despite a flock of investors buying up South Florida homes for rental property profit, the market ranked lower than eight other Florida regions for the best place to purchase single-family rentals.Nationwide, Palm Beach, Broward and Miami-Dade counties also failed to place in the top 20 best investment areas for rentals, according to a RealtyTrac report …
Continue reading “South Florida rental market not as hot for investors”