Siesta Key Homes for Sale - October 2009 Update

Siesta Key homes on canals and on open water are sought after by boaters and retirees wanting a waterfront lifestyle. Gulf front homes are always in short supply as high-rise condominiums line the majority of the coast line. Some of these outstanding beachfront homes are in the prestigious Sanderling Club, Sandy Hook and Beach Road.
Dr. Beach moved Siesta Key Beach up to the number 2 on the Best 10 Beaches in America list and the homes for sale on Siesta Key started getting another look by buyers searching for a second home. Investors have scooped up some of the short sales and foreclosures and inventory has dwindled somewhat. The selection of homes for sale on this Key remains excellent.
If you are a boater, looking for a waterfront homes on Siesta Key, be sure to consider the size of your boat. There are fixed bridges on Siesta Key and some boats and sailboats cannot maneuver the canals under these bridges. Open Bayfront waters are excellent for larger yachts and sailboats.
There are currently 207 Siesta Key homes for sale in the MLS system. Prices are now ranging from the high $200,000s to $15 million for a waterfront estate after a significant correct of prices. Siesta Key homes for sale can be found on popular streets like Roberts Point, Flamingo, and Mangrove Point. Many homes on these areas offer swimming pools, boat docks and gorgeous tropical landscaping. Siesta Key Village and Siesta Key Beach are popular spots for residents to enjoy shopping, beachcombing, colletcing seashells, fishing and swimming.
Siesta Key Real Estate Update - October 2009

• Single Family Homes for sale: 207


• Least Expensive Home: $269,000


• Most Expensive Home: $15,000,000


• Homes Under Contract: 41


• Single Family Homes Sold Last Six Months: 75

If you are an out of state buyer interested in a Siesta Key homes for sale on Siesta Key, contact John Allen at 941-544-6467. John is an expert on Siesta Key real estate and shows luxury waterfront homes regularly. For your Sarasota home search, please be sure to contact us in advance of your Sarasota trip.

Siesta Key Homes for Sale

In May 2009, when Dr. Beach published his 10 Best Beaches report, Siesta Key Beach moved up a notch to the number 2 spot on Dr. Beach’s 10 Best List, Our "Siesta Key" emails and telephone calls have increased considerably. Showing appointments have been steadily climbing as well.
Many visitors know Siesta Key as the famous beach has been their chosen vacation destination for years. Home prices jumped out of their reach in the past, and now they are watching the selection of Siesta Key homes for sale for a chance get their spot in Paradise. Siesta Key’s sugary white sand and sunshine are the attractions. Siesta Key’s beachy Village, with surf shops, specialty shops and casual dining attract families and vacationers, many who eventually become full-time residents.

Siesta Real Estate Market
Listed single family homes and Siesta Key condominiums for sale are down in the first quarter of 2009 compared to the first quarter of 2008. June’s buyers took advantage of low prices and low interest rates. Inventory of Siesta Key homes for sale is expected to continue to drop as the best properties are scooped up while selection is good. Prices for condos start at $162,500 and go up to $4,250,000. Single family homes for sale start at $215,000.

Real Estate Activity on Siesta Key Last 3 Months

• Single family homes for sale: 217
• Pending Single Family Homes: 53
• Single family home sold: 40

Siesta Key offers an abundance of outdoor actives: beachcombing, shell collecting, boating, walking, swimming. Shopping in the Village is popular and downtown Sarasota’s is the place to be seen at the opera, ballet or the theater. Excellent restaurants are available downtown if you need a break from beach life!
Don’t’ try to time the Siesta Key real estate market. Check out Siesta Key homes for sale while the selection is great and interest rates are low. You might miss a good buy while searching for a short sale too. Ask us to explain the short sale process. Short sales are not “short.” In any market, the best properties on Siesta Key go first. Contact us to help you sort through the selection of Siesta Key home for sale with a good value. We can help to expedite a smooth purchase of your dream home by year’s end. Low interest rates won’t last and neither will low prices of Siesta Key real estate.

Siesta Key Waterfront Neighborhood Profile: Riegels Landing

If you are driving down Midnight Pass on Siesta Key, you might just miss the Siesta Key neighborhood of Riegels Landing. Residents enter this small enclave of waterfront homes through a card coded gate. Lush tropical foliage abounds. Beautiful oaks draped with Spanish moss, palms and flowering hibiscus greet each owner and visitor. Stunning waterfront views of the Intracoastal are the vocal points of many of these Siesta Key homes.


Residents in this Siesta Key neighborhood enjoy fishing, taking a short walk to Siesta Key’s world famous beach and driving to Siesta Key Village for shopping and restaurants.

The Sarasota MLS currently reports only 3 homes actively listed in Riegels Landing. Home prices range from $1,100,000 for a 4,034 sq.ft. home to $1,300,000 for a home with 4,600 sq.ft. Both homes have water access. In addition to two boat basins, some homes in Riegels Landing offer private boat docks and are on sailboat water with no bridges to Sarasota Bay.

Other Popular Siesta Key Waterfront Neighborhoods

• Bay Island


• Cocoanut Bayou


• Hidden Harbor


• Sanderling Club


• Sandy Hook

If you are interested in purchasing a waterfront home with a boat dock on Siesta Key, contact John Allen at 941-544-6467. John regularly shows Siesta Key homes for sale in waterfront neighborhoods on Siesta Key. Send us an email for a prompt reply to your questions about Riegels Landing.