 |
| Putterman home, designed by Architect Carl Abbott, sold in one week. |
If you’re new to Lido Shores, you’re not alone. Another 14-homes turned over in 2021, with the highest sale coming in at $7.7-million. Last year’s home sales continue a three-year trend. 18-homes sold a year earlier in 2020, still below a record 24-Lido Shores home sales in 2019. I’m not particularly strong in math skills or statistics… but in just the last three years, that totals a whopping 56-new property owners out of some 120-homes… nearly a 50% turnover rate.
Our north Lido Key neighborhood is not alone. The luxury housing market in Sarasota is booming. Experts say the market’s strength can be attributed to a series of factors, including an increase in cash sales, and the use of escalation clauses in sales contracts as buyers look for make sure they get their house. COVID-19 is also a factor, accelerating the massive wave of baby boomers already retiring. Being able to work remotely, for those that do, also hasn’t hurt.
Supply and demand, and the dreaded FOMO (The Fear of Missing Out) are also in play. The sheer demand and influx of new out-of-state buyers, many coming to the Sarasota market by word of mouth, is helping to drive up prices.
 |
| Long time rental home 436 Bowdoin Circle sold after years on the market and was demolished |
Several homes in Lido Shores, some on and off the market for years, were finally snapped up at inflated prices this past year. And quickly, too. Former Lido Shores resident Andrew Vac, who tracks sales in the neighborhood, reported that long-time Lido Shorian Angie Albers listed her home at 474-Bowdoin Circle on June 6. It went under contract, at asking price, just four-days later. And yet another indicator of the red-hot market, according to Andrew, half of the homes sold last year never even made it to the industry standard MLS-Listing service.
Among them, a multi-house/property deal last fall. Long-time LSPOA members Terry Nugent and Bernard Melanson sold all-four interior Lido Shores properties they owned on Morningside Place and Center Place to Seaward Lido Key LLC. They had used three-of the properties, including one-lot they turned into beautiful park, as a “family-compound” for years. They’re among several familiar faces we’ll not be seeing around the hood.
 |
| 1131 Morningside Place sold as part of a 4-Property deal. |
Another house that swiftly turned over was the Putterman home at 220 Morningside Drive. Florence Putterman passed away in August, at age 94. She and husband Saul, who died at 94 in 2018, lived in the iconic home on Pansy Bayou, designed by Architect Carl Abbott, since 1986. It was sold above asking price within a week of coming onto the market.
None of this is particularly surprising in Sarasota’s most desirable neighborhood. Since its inception in 1950, groundbreaking, architecturally significant or just plain spectacular homes have been the hallmark of Lido Shores. Many generations have come and gone, and this once sleepy enclave is undergoing yet another major metamorphosis. Those of us who’ve been here awhile, (Susie and I since 2005) and were once considered part of the "newbies" then, have all experienced a similar changing of the guard over the years.
 |
| John & Karen Byles complete new home at 1156 Center Place |
Here's a look at this year’s freshman crop of homeowners, compiled from MLS Listing, LSPOA Membership Applications and Sarasota County public tax records.
Thanks to Realtor Andrew Vac and LSPOA members Elliott
Bob Thill
LSPOA Communications
______________________________________________________________________
LIDO SHORES HOME SALES 2021
1355 WESTWAY DRIVE MAR 1 SOLD $5,8000,000
SELLER: DON WINOKUR & EILEEN O’DONNELL
BUYER: RICHARD & MELINDA BEZOZO
1212 WESTWAY DRIVE MAR 31 SOLD $3,800,000
SELLER: EDWARD ANDRIE & JONE’ SUNDVALL
BUYER: ROBERT & GERLADINE SWARTZ
436 BOWDOIN CIRCLE APRIL 1 SOLD $3,485,000
SELLER: CHRISTOPHER BANNER/KATHERINE HUELSTER
BUYER: KEVIN & MARY FITZPATRICK
448 BOWDOIN CIRCLE APRIL 21 SOLD $3,400,000
SELLER: MARK BURNETT, MD
BUYER: CHRISTOPHER AND PAMELA ONTIVEROS
474 BOWDOIN CIRCLE JUNE 6 SOLD $3,000,000
SELLER: ANGIE ALBERS
BUYER: MARK & MARY FINN
1435 WESTWAY DRIVE JULY 19 SOLD $7,700,000
SELLER: SEAN BELNICK
BUYER: SEAN & JENNY STUMLER
1441 JOHN RINGLING PKWY JULY 23 SOLD $6,200,000
(LOT + NEW BUILD)
SELLER: ANTONIO FERNANDEZ/SRQ HOME HOLDINGS
BUYER: TOPINO-HOME TRUST
1440 JOHN RINGLING PKWY JULY 29 SOLD $3,200,000
SELLER: DIANE TURK
BUYER: SEAN BELNICK
1160 CENTER PLACE AUG 19 SOLD $1,000,000
SELLER: TERRY NUGENT
BUYER: SEAWARD LIDO KEY LLC
451 BOWDOIN CIRCLE OCT 9 SOLD $3,600,000
SELLER: KRISTEN ROCKS
BUYER: NOT CLOSED
1121 MORNINGSIDE PL NOV 5 SOLD $1,100,000
SELLER: TERRY NUGENT
BUYER: SEAWARD LIDO KEY LLC
1131 MORNINGSIDE PL NOV 5 SOLD $1,900,000
SELLER: TERRY NUGENT
BUYER: SEAWARD LIDO KEY LLC
1186 CENTER PLACE NOV 5 SOLD $1,100,000
SELLER: BERNARD MELANSON
BUYER: SEAWARD LIDO KEY LLC
220 MORNINGSIDE DRIVE DEC 22 SOLD $4,600,000
SELLER: FLORENCE PUTTERMAN
(JOEL PUTTERMAN)
BUYER: HOWARD & SUSAN LEVINE
1332 WESTWAY DRIVE NOV 29 UNDER CONTRACT
SELLER: ROBERTO & CLAIR ARGUEDAS $3,000,000
________________________________________________________________________
Bernstein / Valentine | Bruce / Hilary | 462 | Bowdoin Circle |
Best / Abdinoor | Laurel / Art | 320 | Morningside Drive |
Bezozo | Richard / Melinda | 1355 | Westway Drive |
Dowling | Michael / Cynthia | 1160 | Morningside Place |
Moylan | Bill / Perry | 350 | Morningside Drive |
Schneider | Gary /Cherylle | 1411 | Westway Drive |
Smith | Ernie / Karyn | 1200 | Westway Drive |
Stogsdill | William / Tayler | 1165 | Morningside Place |
Stumler | Sean / Jenny | 1435 | Westway Drive |
Swartz | Sam / Michelle | 1212 | Westway Drive |
Peterson | Jim | 1141 | Center Place |
Coughlin | Ron | 1199 | Westway Drive |
Finn | Mark / Mary | 474 | Bowdoin Circle |
Fitzpatrick | Kevin / Mary | 436 | Bowdoin Circle |
Greenbaum | Rita | 1175 | Westway Drive |
Levine | Howard / Susan | 220 | Morningside Drive |
No comments:
Post a Comment