Joel Schemmel Magazine

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O U R H O M E S A LWAY S C O M E W I T H A LITTLE SOMETHING EXTRA ...

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$57 MILLION CLOSED IN 2018

PREMIER SOTHEBY’S INTERNATIONAL REALTY TOP PRODUCING AGENT TEAM IN SARASOTA FROM 2008-2018

I

CONSISTENTLY RANKED AMONG THE TOP 1% OF REALTORS IN SARASOTA

t has been over 12 years since I received that phone call

properties available in the Sarasota Area – whatever the

from the President of the Sotheby’s International Realty®

price point. We are proud to be consistently ranked as one

affiliate in Sarasota, asking if I would consider a move to the

of the top real estate teams in Sarasota County and believe

brand. My wife and I had spent our professional lives living and

our experience and level of service are our differentiators. In

working in Chicago and Europe with companies such as Arthur

the end that translates into the best results whether you are

Andersen, Ernst & Young, Baker & McKenzie, KPMG and Sprint.

buying or selling your home.

We understood the power of an internationally recognized brand – particularly one associated with the finest luxury items

We hope you enjoy the Schemmel Group 2019 Portfolio.

in the world.

The rest is history as they say.

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Schemmel Group and Premier Sotheby’s International Realty

Joel Schemmel, J.D., REALTOR®

work hand in hand to bring to market the most exceptional

Schemmel Group

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IN THIS ISSUE Market Snapshot

4–5

Spotlight on Sarasota Athletes

6–7

Our Downtown Properties

Our Island Properties

8 – 13

14 – 19

Our Mainland Properties

20 – 25

Our Palmer Ranch & Oaks Properties

26 – 31

A Tribute to North Carolina

32 – 35

A Tribute to Colorado

36 – 39

Notable & Quotable

40

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MARKET SNAPSHOT SARASOTA COUNT Y TOPS THE CHART IN MAY 201 8 Sarasota County leads the pack as the Fastest Growing Luxury Market in the country according to the Realtor.com Luxury Home Index as of March 2018. According to the statistics, the average price of the Top 5% of sales in Sarasota County was $993,000—up 19% year over year.

Does this mean your home went up by 19% last year?

Probably not.

I have summarized the results of five different market segments below for your reference. As you can see in almost all cases, we have seen a slight uptick in average prices. The super luxury market at $4,000,000 plus is the exception.

In addition, although we started the year out strongly in the super luxury market, the number of transactions in this price range has actually decreased from year to year. A similar trend occurred in The Oaks and in the $1,000,000 to $2,000,000 price range.

Although these statistics provide good benchmarks for the market, it is important to keep in mind that there are many variables such as single-family home vs. condo, geographic area, lot characteristics, age, updating, etc. that have a material impact on value. Only with a detailed comparative market analysis can one really understand the value of a property.

I hope you find this market snapshot useful and enjoy looking at the beautiful homes in this publication.

If you would like specific information on your area or neighborhood, please contact me and I can provide a customized market analysis for you at no cost with no obligations.

SARASOTA COUNT Y PROPERT Y SALES FROM $4,000,000

Pro p e r ti es Yea r So l d

2018

23

77 40.17 $5,172,744

2017

27

– – $5,242,464

C urrent Li sti ngs

M o nths ’ S uppl y

Change (6.75%)

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Ave rage So l d Price

(1.33%)

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SARASOTA COUNT Y PROPERT Y SALES FROM $2 ,000,000 TO $4,000,000

Pro p e r ti es Yea r So l d

2018

153

2017

132

C urrent Li sti ngs

M o nths ’ S uppl y

Average So l d Price

166 13.02 $2,758,146 – – $2,671,867

Change 15.91%

3.23%

SARASOTA COUNT Y PROPERT Y SALES FROM $1 ,000,000 TO $2 ,000,000

Pro p e r ti es Yea r So l d

2018

408

2017

433

C urrent Li sti ngs

M o nths ’ S uppl y

Average So l d Price

398 11.7 $1,381,357 – – $1,343,564

Change (5.77%)

2.81%

THE OAKS (INCLUDING MERIDIAN) PROPERT Y SALES

Pro p e r ti es Yea r So l d

2018

48

53 13.2 $773,917

2017

56

– – $707,232

C urrent Li sti ngs

M o nths ’ S uppl y

Change (14.28%)

Average So l d Price

9.43%

3 4 2 3 8 PROPERT Y SALES PRICED FROM $4 00,000

Pro p e r ti es Yea r So l d

2018

274

147 6.4 $560,762

2017

250

– – $538,483

C urrent Li sti ngs

M o nths ’ S uppl y

Change 9.6%

Average So l d Price

4.06%

All statistical information per MLS.

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SPOTLIGHT ON

S A R A S O TA AT H L E T E S You might think the fantastic climate, some of the nation’s best beaches, numerous cultural attractions, vibrant downtown, and incredible water and boating access would be enough. There is more! A testament to the everchanging Sarasota demographic, the area produces some of the most talented athletes in the country.

And you might think it is all about IMG Academy. Certainly, it is a major contributor, but our area schools also produce a plethora of talent.

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Trey Burton, Venice

Ryan McMahon, Cardinal Mooney

Burton played quarterback at Venice and played all over the

McMahon didn’t get much attention until family friend Dick

field at Florida from 2010-2013.

Vitale watched him play basketball at the Suncoast Holiday

From 2014-2017, Burton played tight end for the Philadelphia Eagles. However, he isn’t remembered for the passes he caught in Philly, but for the pass he threw. Ever heard of the “Philly Special”? Yes Trey threw a touchdown to Nick Foles in the Eagles Super Bowl win against the Patriots.

Classic in 2015. Dick Vitale made some calls and eventually got then Louisville coach Rick Pitino to come down to watch him. Pitino offered McMahon a scholarship according to Dana O’Neil of The Athletic.

McMahon is now an important piece off the bench for the Cardinals. He had 24 points in a win against then no. 9 Michigan State on November 27, 2018.

Scooter Gennett, Sarasota Gennett played his high school baseball at Sarasota High School and was drafted by the Brewers in 2009.

The Cincinnati Reds claimed the second baseman off waivers in 2017. On June 6th, 2017, Gennett hit four, yes four, home runs against the St. Louis Cardinals.

In 2018, he made the NL All-Star team as a reserve. In the bottom of the ninth with the NL down 5-3, the Sarasota native hit a two-run pinch-hit, game-tying home run.

Caitlin Lynch, St. Stephens Both the Sarasota Crew and the Sarasota Sharks churn out college athletes in their respective sports. A recent success story is Caitlin Lynch.

Richie James Jr., Riverview The Riverview alumnus attended Middle Tennessee State as a wide receiver, where in 2016 he was 4th in the FBS with 1,625 receiving yards.

James was drafted in the seventh round by the 49ers in 2018, and most notably, electrified Levi’s Stadium when he returned a kickoff against the Seahawks on December 16, 2018.

Karan Higdon, Riverview The Riverview Ram just finished his Michigan Wolverine career. In 2018, he became the first Michigan running back to break 1,000 yards since Fitzgerald Toussaint in 2011.

She is a freshman rower at Dartmouth College. The now ivy leaguer won seven regional titles before college according to her Dartmouth bio.

Marlon Mack, Booker The feature back for the Indianapolis Colts got his start at Booker High School. The standout went to the University of South Florida (USF) and ran for over 1,000 yards in each of his three seasons in Tampa.

Mack ran for 358 yards in 2017 for the Colts before running for 908 yards in 2018.

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OUR DOWNTOWN PROPERTIES A LWAY S C O M E W I T H A L I T T L E SOMETHING EXTRA ...

C O M F O R TA B L E WA L K I N G S H O E S

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LOOKING FOR A HOME WITH A LITTLE SOMETHING EXTRA? FIND REGULAR MARKET SNAPSHOTS AT SCHEMMELGROUP.COM

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SOLD

AQUA | 280 Golden Gate Point #300 $5,695,000 Web ID A4415149

SOLD

The Vue | 1155 North Gulfstream Avenue #404 $1,350,000 Web ID A4209149

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PENDING

The Pearl | 609 Golden Gate Point #501 $1,895,000 Web ID A4414696

SOLD

Burns Court Villas | 1545 Oak Street #10 $875,000 Web ID A4194591

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COMING SOON 5 0 C entral Avenue Penthouse

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OUR ISLAND PROPERTIES A LWAY S C O M E W I T H A L I T T L E SOMETHING EXTRA ...

SPF 55

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Sanderling Club | 7712 & 7660 Sanderling Road $13,300,000 Web ID A4203264

Siesta Key | 3799 Flamingo Avenue $13,900,000 Web ID A4420743

Sanderling Club | 8218 Sanderling Road $9,950,000 Web ID A4420829

Sanderling Club | 7445 Sanderling Road $1,699,000 Web ID A4422273

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SOLD

Siesta Key | 8501 & 8533 Midnight Pass Road $4,995,000 Web ID A4424681

Siesta Key | 4011 Shell Road $5,675,000 Web ID A4213545

SOLD

Sanderling Club | 7660 Sanderling Road $4,500,000 Web ID A4408597

Siesta Key | 8585 Midnight Pass Road $3,800,000 Web ID A4151645

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Lido Shores | 1354 Westway Drive $2,195,000 Web ID A4197011

Siesta Key | 767 Tropical Circle $1,799,950 Web ID A4417258

SOLD

Seaplace | 1955 Gulf Of Mexico Drive #G6-411 $1,395,000 Web ID A4416934

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Coquille | 1129 Coquille Street #104 $730,000 Web ID A4414764

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SOLD

Tivoli by the Sea | 625 Beach Road #401 $699,000 Web ID A4422263

Siesta Key | 1267 Whitehall Place $600,000 Web ID A4188315

Turtle Bay | 8701 Midnight Pass Road #204A $579,000 Web ID A4422260

Venice Island | 324 Bayshore Drive $579,000 Web ID A4409603

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OUR MAINLAND PROPERTIES A LWAY S C O M E W I T H A L I T T L E SOMETHING EXTRA ...

TREE SWING LOOKING FOR A HOME WITH A LITTLE SOMETHING EXTRA? CHECK OUT OUR BLOG AT SCHEMMELGROUP.COM

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The Lake Club | 15405 Anchorage Place $5,495,000 Web ID A4213552

West of Trail | 6420 Hollywood Boulevard $3,995,000 Web ID A4422271

Buccaneer Bay | 7350 Captain Kidd Avenue $3,895,000 Web ID A4415503

West of Trail | 7799 Holiday Drive North $3,695,000 Web ID A4413641

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West of Trail | 2231 Oriole Drive $3,495,000 Web ID A4405569

Nokomis | 218 Pocono Trail East $2,289,000 Web ID A4413633

SOLD

Myakka River Trails | 800 North River Road $1,612,000 Web ID A4169093

Foxfire West | 4981 Hubner Circle $1,600,000 Web ID A4408980

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Sapphire Shores | 4940 Sun Circle $679,000 Web ID A4203331

Blackburn Harbor | 6100 Jessie Harbor #203 $695,000 Web ID A4424444

UNDER CONTRACT

Bayside | 14425 Masthead Drive $599,000 Web ID A4193972

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Sapphire Shores | 418 Acacia Drive $379,000 Web ID A4203328

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UNDER CONTRACT

West of Trail | 1743 Baywood Way $359,000 Web ID A4420002

Grande Oaks Preserve | 5312 Manorwood Drive #3B $305,000 Web ID A4213104

SOLD

Arlington Park | 2215 Floyd Street $338,000 Web ID A4425431

Meadows | 4385 Longmeadow #3 $165,000 Web ID A4419683

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O U R PA L M E R R A N C H A N D O A K S P R O P E R T I E S A LWAY S C O M E W I T H A LITTLE SOMETHING EXTRA ...

BIG BERTHA DRIVER 26 |

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SOLD

Oaks Bayside | 285 Sugar Mill Drive COMING SOON

Oaks Bayside | 324 Osprey Point Drive $1,625,000 Web ID A4415315

Prestancia | 4369 Boca Pointe Drive $989,000 Web ID A4199779

Prestancia | 7700 Calle Facil $749,000 Web ID A4420523

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SOLD

Prestancia | 3788 Boca Pointe Drive $695,000 Web ID A4207660

Prestancia | 4541 Murcia Boulevard $645,000 Web ID A4419068

Deer Creek | 8241 Shadow Pine Way $629,000 Web ID A4413830

Prestancia | 7742 Club Lane $599,000 Web ID A4214523

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UNDER CONTRACT

Prestancia | 7600 Calle Facil $574,000 Web ID A4411256

Sandhill Preserve | 11190 Sandhill Preserve Drive $559,000 Web ID A4424682

SOLD

Prestancia | 7393 Villa D’ Este Drive $519,000 Web ID A4177551

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Prestancia | 7242 Villa D’ Este Drive $499,900 Web ID A4414841

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SOLD

SOLD

Prestancia | 8032 Via Fiore $470,000 Web ID A4213099

Prestancia | 4634 Mirada Way #38 & 39 $450,000 Web ID A4414748

Prestancia | 7373 Mara Vista Drive $345,000 Web ID A4425418

Prestancia | 3900 Losillias Drive COMING SOON

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NORTH CAROLINA PROPERTIES

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HEADQUARTERED IN NAPLES, FLORIDA MORE THAN

1,000 ASSOCIATES AND EMPLOYEES OVER

40 LOCATIONS THROUGHOUT FLORIDA AND NORTH CAROLINA MORE THAN $

4 Billion

IN SALES VOLUME (2018)

PREMIER SOTHEBY’S INTERNATIONAL REALT Y SCHEMMELGROUP.COM | 33

127 Thurstons Way, Mooresville $5,900,000 PremierSothebysRealty.com Web ID 3416300

2957 Roses Branch Road, Bakersville $5,700,000 PremierSothebysRealty.com Web ID 3428946

337 The Glens Boulevard, Banner Elk $1,850,000 PremierSothebysRealty.com Web ID 210175

230 Tryon Street #1204/#1304, Charlotte $3,850,000 PremierSothebysRealty.com Web ID 3290644

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316 South Braeside Court, Asheville $3,500,000 PremierSothebysRealty.com Web ID 3226319

94 Ramble Way, Asheville $2,450,000 PremierSothebysRealty.com Web ID 3451229

128 East Junaluska Road, Boone $1,955,000 PremierSothebysRealty.com Web ID 211515

Cone Vista Circle #6C, Blowing Rock $1,600,000 PremierSothebysRealty.com Web ID 201480

PREMIER SOTHEBY’S INTERNATIONAL REALT Y SCHEMMELGROUP.COM | 35

MORE THAN

22,000 SALES ASSOCIATES OVER

970 OFFICES LOCATED IN

72 COUNTRIES AND TERRITORIES

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C O LO R A D O PROPERTIES PREMIER SOTHEBY’S INTERNATIONAL REALT Y SCHEMMELGROUP.COM | 37

705 Whiskey Ridge Road, Edwards $29,000,000 TheStocktonGroupVail.com Web ID 5BBEKJ

1109 Vail Valley Drive, Vail $21,900,000 TheStocktonGroupVail.com Web ID W4QLDB

2950 Booth Creek Drive, Vail $21,500,000 TheStocktonGroupVail.com Web ID 96TPBG

2291 Daybreak Ridge Road, Bachelor Gulch $9,495,000 TheStocktonGroupVail.com Web ID PN6XSP

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27200 Cowboy Up Road, Steamboat Springs $3,750,000 SteamboatAgent.com Web ID 4927261

2600 Heavenly View, Steamboat Springs $3,250,000 SteamboatAgent.com Web ID S171775

30450 Triple B Lane, Steamboat Springs $1,695,000 SteamboatAgent.com Web ID 5846115

44300 Diamondback Way, Steamboat Springs $1,625,000 SteamboatAgent.com Web ID S171479

PREMIER SOTHEBY’S INTERNATIONAL REALT Y SCHEMMELGROUP.COM | 39

NOTABLE & QUOTABLE

2018

Over

Established

1983 40

Over

4.502

$

5,693 66 % 6,421

Associates and Employees

locations throughout Florida and North Carolina

SIGNIFICANT SALES

Listings Taken in 2018

Average sale price is 54% more than the market average.*

6.8 Million

$

579,355

$

Average Sale Price

From the beaches of Southwest Florida to the High Country of North Carolina

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1,100

Billion in Sales Volume

Transaction Sides Reported

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SARASOTA REGION

600 North Jackson Road | Venice, Florida

5.7 Million

$

4011 Shell Road | Sarasota, Florida

5.7 Million

$

280 Golden Gate Point #300 | Sarasota, Florida

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DISCOVER NEW WINES THIS FALL Sotheby’s Wine is more than an auctioneer. We are a global retailer with stores in New York and Hong Kong.

Visit us online at sothebyswine.com.

1334 YORK AVENUE, NEW YORK, NY 10021 +1 212 894 1990 5TH FLOOR, ONE PACIFIC PLACE, HONG KONG +852 2886 7888 WINE@SOTHEBYS.COM

LOOKING FOR A HOME WITH A LITTLE SOMETHING EXTRA? CONTACT US TODAY FOR A PRIVATE CONSULTATION

J O EL S C H EM M EL , J. D., RE A LTO R® 9 41 . 5 87.4 8 9 4 J O EL . S C H EM M EL@ PREM I ERSI R .C O M

SH A RO N C H I O D I , RE A LTO R® 9 41 . 8 0 9.0 3 8 0 SH A RO N .C H I O D I @ PREM I ERSI R .C O M

SCH EM M ELG RO U P.C O M | FACEB O O K .C O M /SCH EM M ELG RO U P

Sotheby’s International Realty® and the Sotheby’s International Realty logo are registered service marks used with permission. Each office is independently owned and operated. Equal Housing Opportunity.

Property information herein is derived from various sources including, but not limited to, county records and multiple listing services, and may include approximations. All information is deemed accurate and neither suggests nor infers that Sotheby’s International Realty participated as either the listing or cooperating agent or broker in the sale or purchase of the properties depicted.