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Helping Florida Land & Waterfront Land Investors Find Profitable Bargains in Sarasota and Charlotte Counties, Florida .
From Sarasota to Punta Gorda Including Longboat Key, Siesta Key, North Port, Cape Haze, Rotonda, South Gulf Cove, Englewood & Venice
Land prices in the most desirable locations have bottomed out and started to increase. If you are a buyer, the 2007/10 financial crisis continues to create spectacular opportunities to buy well located land at prices up to 90% lower than 2005 prices. Rarely do buyers have the chance to buy at market bottoms. Land will be the best way to participate as the the Florida real estate market makes it's eventual, strong price recovery. The year 2009 had a strong increase in buying activity compared to 2008, especially for lower priced waterfront lots. 2010 has started out with strong sales activity. After the real estate boom that topped out in mid-2005 we are completing the bottom of a price collapse that has reduced land prices 60 to 90 percent, house prices 30 to 60%, and commercial property prices by up to 50 percent. Based on Florida's long term high growth rate from immigration, retiring baby-boomers, and others attracted to Florida's climate, beaches, and employment growth, this chance to buy property at these dramatically low prices will be the best we will see in our lifetimes. Florida Land Price cycles are more extreme in land than other real estate. We are in the lower ranges of this cycle, which is down 50 to 90% from the summer, 2005 high point of the last cycle. Buyers at this point in the cycle can possibly make 200% or more if prices get back to the levels of the summer of 2005. Since prices at each cycle high usually exceed the previous highs, potential gains are excellent compared to most other investments. Recovery to the 2005 highs will probably take 7 to 12 years. Port Charlotte Gulf of Mexico access canal lots start from $30,000 and sailboat lots start under $60,000. In prestigious South Gulf Cove, waterfront Gulf Access lots are selling for $30,000 up to $100,000. Punta Gorda Isles waterfront Gulf Access lots have sold for less than $100,000 but most sell for $150,000 to $200,000. Longboat Key deep water lots start around $500,000 and go up to $3,000,000. For more information on waterfront property, go to www.GulfAccessFlorida.com .
Land values will increase over long periods of time because the population of Florida usually grows by 200,000 to 400,000 people/year and the amount of available, well located, buildable land is shrinking. Land in South Florida and within a 30 minute drive of the beaches is the most likely to increase in value because that's where most people want to live.
Foreclosures Sarasota Foreclosures are creating great buys for residential rental real estate and they are also creating a new group of potential clients. There are a limited supply of newer, single family homes that you can buy for under $110,000 that can be rented for up to $1,000/month. Inventories of available foreclosures have shrunk dramatically during 2010. Please visit www.DistressRESarasota.com to learn more about this market.
Vacation & Annual Rental Property There are thousands of Florida investment properties on Siesta Key, Longboat Key, Englewood Beach, Rotonda, South Gulf Cove and even downtown Sarasota that can be excellent investments for investors that want to invest in vacation rental properties. These investments have the added benefit of being a vacation destination for the investor. Rental rates in the "high" season from mid-December to late April can be very significant. Rates in the period May through August are lower but are still an attractive source of income. About 30% of the residents ofSarasota and Charlotte Counties are renting on an annual basis. Because this is a service oriented economy with moderate wage scales, rentals that go for less than $1,000/per month are the easiest to rent. There are good concentrations of annual rental investment properties in Sarasota, North Port and Port Charlotte. .
In this website you can find what you need to buy or sell a land parcel , as well as learn about the market value of property in the Sarasota & Charlotte County area. You can also sign up for my monthly list of the Top Ten "Hot" deals. If you want more information about waterfront lots with Gulf of Mexico access, go to www.GulfAccessFlorida.com . For info on lots in South Gulf Cove, go to www.SouthGulfCoveFloridaLots.com . For Rotonda lots go to www.RotondaLots.com . For land in Sarasota County and North Port go to www.SarasotaFloridaLand.com .
If you are interested in foreclosed houses in Sarasota and Charlotte Counties go to www.DistressRESarasota.com . For updated market info visit my blog at www.SarasotaCharlotteLand.com . Call me at 941-661-2577 to get started or e-mail me at abroslat@ureach.com . |
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