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.

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 SandKeyProperty.com

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.

Cabana Club Plans Approved

The Clearwater Community Development Board unanimously approved plans to redevelop the Cabana Club on Sand Key. The Cabana Club property, which will be an annex for the Belleview Biltmore in Belleair, will include a six-story, 38-room Victorian-style boutique hotel and a new 4,981-square-foot restaurant. New Florida-friendly landscaping will be installed throughout the site.

Sand Key Real Estate Transactons- August 2008

The following sales closed in August 2008. Data is obtained from the local Realtor MLS

Property Address / Subdivision / Sale Price / # Days On Market

1340 Gulf Blvd #4G / Crescent Beach Club / $725,000 / 75
1520 Gulf Blvd #PH7 / Ultimar I / $600,000 / 122
1560 Gulf Blvd #1204 / Ultimar III / $600,000 / 128
1270 Gulf Blvd #1708 / Harbour Light Towers / $370,000 / 39
1520 Gulf Blvd #305 / Ultimar I / $335,000 / 141
1460 Gulf Blvd #1112 / Sand Key Condo South / $315,000 / 35
1301 Gulf Blvd #102 / Sand Key Condo Bayside / $215,000 / 112

Average Sales Price $451,429
Average number of days on market 93
Number of properties sold: 7

For more Sand Key Real Estate information & a Free CMA for your Sand Key Condo call PropCo Real Estate 727-585-0800, or visit SandKeyProperty.com

Civic Assocation Meeting Sept 3

On September 3rd, the Sand Key Civic Association will meet at the Clearwater Sailing Center at 7 pm. Red tide, Shoppes of Sand Key zoning, and Cabana Club development are on the agenda.

Sand Key Real Estate Transactions - July 2008

The following sales closed in July 2008. Data is obtained from the local Realtor MLS

Property Address / Subdivision / Sale Price / # Days On Market

1180 Gulf Blvd #505 / Grande on Sand Key/ $993,000 / 206
1310 Gulf Blvd #5G / Crescent Beach Club / $789,000 / 428
1290 Gulf Blvd #1001 / Lighthouse Towers / $650,000 / 141
1340 Gulf Blvd #14D / Crescent Beach Club/ $615,000 / 28
1180 Gulf Blvd #1804 / Grande on Sand Key/ $615,000 / 31
1520 Gulf Blvd #1807 / Ultimar I / $606,667 / 351
1520 Gulf Blvd #804 / Ultimar I / $525,000 / 597
1540 Gulf Blvd #807 / Ultimar II / $550,000 / 661
1430 Gulf Blvd #401 / Sand Key Condo South / $335,000 / 121
1520 Gulf Blvd #1405 / Ultimar I / $324,200 / 266
1460 Gulf Blvd #309 / Sand Key Condo / $320,000 / 83
1400 Gulf Blvd #305 / Sand Key Condo South / $320,000 / 257
1651 Sand Key Estates #41 / The Harborage / $339,000 / 68

Average Sales Price $534,067
Average number of days on market 249
Number of properties sold: 13

For more Sand Key Real Estate information & a Free CMA for your Sand Key Condo call PropCo Real Estate 727-585-0800, or visit SandKeyProperty.com