Real estate briefs in Sarasota and Manatee areas

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DIVOSTA OPENS FOUR MODELS

DiVosta Homes recently opened four decorated model homes at Sandhill Preserve on Palmer Ranch, a gated luxury community at 11123 Shearwater Court off Central Sarasota Parkway and Honore Avenue in Sarasota.

Scott Mairn, vice president of sales and marketing for DiVosta Homes in South Florida, said his company is building two- and three-bedroom houses at Sandhill Preserve in six floor plans priced from $322,990.

The single-story Abbeyville model has an open gathering and entertainment area with optional second floor loft with bedroom and bath, increasing the count to three-and-three, and the square footage to 2,284. The base Abbeyville plan has two bedrooms and two baths in 1,659 square feet. It is priced from $322,990.

The Tangerly Oak model, with 2,589 square feet, showcases the optional third bedroom with full bath in lieu of the flex room. It is priced from $433,990 with an island kitchen that serves a spacious gathering room, dining room and café for entertaining, along with a covered lanai with optional outdoor kitchen.

The Pinnacle, with three bedrooms and three baths in 2,488 square feet, is priced from $423,990 with a two-car garage and optional cart garage. The Pinnacle showcases the den instead of a flex room and features zero-corner sliding-glass doors off the gathering room.

DiVosta’s Martin Ray plan comes with two bedrooms and two baths in 1,968 square feet, priced from $351,990. But the Martin Ray model at Sandhill Preserve showcases the optional third bedroom in lieu of the golf-cart garage, increasing the living area to 2,107 square feet.

Sandhill Preserve on Palmer Ranch will offer a resort-style swimming pool and community clubhouse with a state-of-the-art fitness center, two tennis courts, walking paths, a fire pit, the outdoor Barefoot Bar and barbeque grill. The Amenity Center is set to open in 2015.

ECHOES FROM THE MARKET

In a conversation with the Herald-Tribune earlier this week, Coldwell Banker Realtor Catherine Seress noted she is seeing “multiple offers for million-dollar houses” in Sarasota. The inventory is tight as more and more people move here, she added. The fight for listings is a big challenge facing real estate agents.

No wonder new-home developments are being approved.

Seress said banks are following the lead of investors and are fixing up and updating their REO inventory for profitable resales.

“One day soon the remodeling industry is going to overtake the new-home construction industry,” observed John King, owner of Rampart Builders in Sarasota.

Seress also said sellers are in a hurry to create a seller’s market, possibly overpricing in the process, while buyers still want the bottom-dollar prices seen during the bust.— Harold Bubil

 

Last modified: May 30, 2014
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