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LUXURY REAL ESTATE NEWS
October 2022 |
What Is the Impact of Hurricanes
on Housing Values?
Although no two natural disasters are the same, there are real estate patterns which can be identified and anticipated
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With all the heightened news coverage and emotions following hurricane Ian, you may be wondering what will happen to property values in Florida. Our managing broker, Craig Cerreta, provides important insights in "Hurricanes and Housing Values." He explains in detail six key factors to consider -- 1) Extent of damage, 2) Location relative to the primary impact zone, 3) Risk of increased frequency and intensity, 4) Insurance, 5) New construction and 6) Supply and demand. His conclusion: "We can state with a high degree of confidence that similar hurricanes in the past have seen recovery followed by increasing values." Read the full paper to learn details supporting his conclusion. |
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Together, we can help return our communities to the paradise we love and are so proud to share with others around the world.
Over the last week and a half, we've been amazed by the incredible and swift action so many of our neighbors, business leaders and government agencies have taken to identify and reach out to those in need. In addition to individual efforts, there are many ways to collectively support the cause. Please find below relief initiatives
by Premier Sotheby's International Realty, the State of Florida and the IRS which I think you may find useful. |
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Premier Sotheby's International Realty Designates Office Locations as Drop-Off Sites for Hurricane Relief
Donations are being accepted at five office locations in Naples, Bonita Springs and Marco Island. Items may be dropped off Monday through Saturday, from 10 a.m. to 3. p.m., through October 14. Click the button below to view a list of the most-needed items and location addresses:
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"Volunteer Florida" Mobilizes Volunteers and Coordinates Donations for State of Florida Disasters
Volunteer Florida is the state's lead agency for mobilizing volunteers and coordinating donations before, during and after disasters. The Volunteer Florida Foundation also manages the Florida Disaster Fund, the official fund for aiding Florida's communities after disasters. Learn more about volunteer opportunities and how to donate money for Hurricane Ian recovery at:
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IRS Announces Tax Relief for Victims of Hurricane Ian in Florida
Which Includes Automatic Tax Extensions
Individuals and households affected by Hurricane Ian in the state of Florida qualify for tax relief. For instance, deadlines falling on or after September 23, 2022, and before February 15, 2023, are postponed through February 15, 2023. For more information, read the full IRS press release at:
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| NEW LISTINGS |
Exclusive preview of new listings going live in October.
Contact me if you have interest. |
 LIDO SHORES
1475 John Ringling Parkway
4BR/4BA/3,930SF | $6,700,000
Lido Shores contemporary coastal home with 143-ft. waterfront on New Pass between the Gulf of Mexico and Sarasota Bay. The location is all about the Salt Life. The deep-water dock has two lifts -- one for boats up to 1,600 lbs. and one for recreational water craft so you can easily spend the days exploring and enjoying Sarasota's extensive waterways. For the beach lover, Lido Shores has secured private access to secluded North Lido Beach. Capitalizing on this waterfront location, the residence features high ceilings, water-facing walls of glass, spacious terraces and open spaces that flow from inside to outside. Significant upgrades include complete first-floor remodel and commercial-grade roof in 2022.
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 SOUTH SIESTA KEY
9150 Blind Pass Road #304
2BR/2BA/1,450SF | $795,000
Live the relaxed coastal life in this spacious condo with water views from almost every room. Situated directly between the Gulf of Mexico and the Intercoastal Waterway on Little Sarasota Bay for the best beach and boating lifestyle!
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| SELLERS WHO SOLD & WON |
In the last month, the Peter G. Laughlin Group
helped these sellers create outstanding results with masterful
marketing that buyers love to "♥".
Let's work together to maximize the value of your home. |
 CHEROKEE PARK
3BR/3.5BA/2,764SF | $2,195,000 |
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A Better Way to Interact with Sarasota Real Estate
A better, faster, safer way to search with a direct connect to your Sarasota Real Estate Advisor
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- Did you know that national real estate sites like Zillow, Redfin and Realtor.com sell your information to the highest bidder?
- The Sarasota Luxury Homes app is a better,
faster, safer way to search.
- Get the power of our local MLS in the palm
of your hands.
- Search, save and set notifications all while being
just one touch away from your Sarasota Real Estate advisor -- by message, call, text or email.
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