Thursday, October 23, 2008

Shoppes Saga Continues

A 3 judge panel is deciding whether the Circuit Court should hear the owner’s request to overturn the city’s decision to zone the Shoppes on Sand Key “commercial” or let the ruling stand. After listening to the arguments and asking a few questions, the judges promised to reach a decision “as soon as possible” on whether the court will hear the case.

Sunday, October 12, 2008

Sand Key Real Estate Transactions September 2008

The following sales closed in September 2008. Data is obtained from the Realtor MLS database

Property Address / Subdivision / Sale Price / # Days On Market
1501 Gulf Blvd #207 / Sand Key Condo South / $280,000 / 34
240 Sand Key Estates Dr #248 / Harborage II / $340,000 / 43
1480 Gulf Blvd #209 / Sand Key Condo / $340,000 / 138
1400 Gulf Blvd #807 / Sand Key Condo South / $375,000 / 90
1480 Gulf Blvd #806 / Sand Key Condo / $380,000 / 86
1290 Gulf Blvd #707 / Lighthouse Towers/ $465,905 / 7
1582 Gulf Blvd #1707/ Cabana Club Condo / $467,000 / 73
1460 Gulf Blvd #1007 / Sand Key Condo South / $530,000 / 21

Average Sales Price $397,125
Average number of days on market 57
Number of properties sold: 8
For more Sand Key Real Estate information & a complimentary market valuation for your Sand Key Condo call PropCo Real Estate 727-585-0800, or visit

Saturday, October 4, 2008

Residents Appeal Cabana Club Decision

Five residents from the Save Our Neighborhood organization have appealed the Clearwater Community Development Board’s decision to allow Belleview Biltmore, LLC, to build a 38-room hotel and 165-seat restaurant on its Cabana Club site on Sand Key.They claim it would reduce the value of 110 nearby homes by an average of $75,000 each and would make an already bad parking situation worse. There have been issues with Cabana Club patrons parking in in the driveway of the Cabana Club condos, blocking emergency vehicle access, and parking in condo owners parking spaces. The sides agree that there will be some decrease of nearby property values, but there is disagreement on the amount. Experts for the applicant testified that the reductions would be in the 7 to 10 percent range. Save Our Neighborhood claims they will total $8.35 million.

Sand Key News