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Longboat Key Wednesday, Oct. 31, 2012 5 years ago

Real Estate Reports

by: Robin Hartill Managing Editor

+ Kepecz-Hays attends global summit
Judy Kepecz-Hays, of Coldwell Banker Previews, recently attended a global summit in Half Moon Bay, Calif., where she was honored for being the No. 1 sales associate in 2011 with Coldwell Banker Florida.

She reports that she networked with top-notch brokers and colleagues from around the world and returned to Sarasota and her islands “fresh and full of brilliant ideas for marketing her clients’ properties here in paradise.”

+ SAR reports September sales up 14% from last year
The Sarasota Association of Realtors (SAR) reported that members sold 648 properties in September 2012, up 14% from last September when 570 sales were closed.

September sales were down 21% compared to August, which had 819 sales.

+ Sarasota investors buy two Twin Shores villa buildings
Carol Beth Cotner and John Alogna, of Sarasota, purchased two multifamily villa buildings on the Twin Shores boat basin for a total of $1.01 million from the Twin Shores Mobile Home Owners Association Inc.
The price equated to $126,000 per unit.

The northern most of the two 1950s era buildings located at 3740 Gulf of Mexico Drive was fully renovated in 2006 and has four rentable residential units. The southern building, which originally had four units as well, was sold as an unfinished building shell. 

“They’re beautiful villas,” Cotner said. “We were able to get four brand-new villas on Longboat, which is a prime place to own property. We have hired a contractor who will be drawing up plans for the commission (for improvements to the second building). Our rough estimate is by February we hope to have it completed.”

Marni Hayden, of My Realty Co., represented the buyer, and Dia Wilson, of Barrier Island Realty, represented the seller. Hayden has also been retained to market the villa units for lease or sale. 

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