SARASOTA, FLORIDA, May 17th, 2017 – Prospective buyers of homes for sale in Cortez will find no builds newer than the residences built in the 2000s at Harbour Landings, but this could soon change. The new construction, moreover, won’t be coming from just at the Peninsula Bay approved last year but also from a revived development west of it.
Early this May, plans were submitted for Hunters Point Resort & Marina, a small master-planned development at 124th Street Court West just north of Cortez Road West and east of Cortez Bridge. Peter Thurell, its former owner, planned but failed to develop this property over 10 years ago. He sold it for $10 million last year to Marshall Gobuty, the developer of Mirabella in west Bradenton, who has revived the plan but with a different template.
Gobuty plans to develop the property’s 14-acre site as a modern fishing village-style resort community with energy-efficient and environment-friendly features. Its Hunters Point name was derived from what the early settlers in the 1800s originally called Cortez.
In keeping with this theme for development, Gobuty is planning to build 148 “cracker” cottages in Hunters Point. These residences would adopt the wood frame Florida-style architecture of the 19th century but with a modern twist. Instead of wood, it will have frames made of steel and will incorporate structural reinforcements such as impact-resistant windows to make these modern cracker homes hurricane-proof.
Pricing for the cottages would start around the mid-$200s. Plans for Hunters Point also call for 62 residential units for short-term rentals out of the 148 cottages. The development will likewise feature 49 boat slips in the narrow canal around the property which leads to Anna Maria Sound.
East of Hunters Point at the planned Peninsula Bay off 115th Street West, a marina basin possibly with a county boat ramp and bed-and-breakfast inn is also on the drawing boards. The Peninsula Bay project is set mainly for 1,950 residences including 150 hotel rooms, in addition to 90,000 square feet of commercial/office space and a 200-boat dry storage.
Peninsula Bay will feature diverse housing types but at the same time project its character as an Old Florida fishing village. About half of the property’s nearly 360 acres is considered “open space.” This development will feature a network of tree-shaded streets and trails plus a 67-acre lake off the fringe of mangroves fronting Palma Sola Bay.
The planned homes of Hunters Point and Peninsula Bay will share their Cortez locality with the gated Harbour Landings just across the southwestern fringe of Palma Sola Bay. The architectural styles of the residences in this community consists of a mix of classic and contemporary.
Current sales-listed homes at Harbour Landings are priced from the $500s up to about $1.8 million. These residences are designed with three to five bedrooms within floor plans of between 2,300 and 5,700 square feet.
Complementing its serene waterfront location, this community features homes with private boat docks. Its amenities include clubhouse with a community pool and a fully-equipped fitness center, facilities that could match those on the drawing boards for Hunters Point and Peninsula Bay.
SARASOTA, FLORIDA, October 7, 2019 – Property values of communities in the Sarasota-Manatee region now face lesser threat from neighborhood eyesores brought about by abandoned, foreclosed homes. Known in the real estate trade as zombie foreclosures, these properties have shrunk significantly in the region. According to an August report of ATTOM Data Solutions, abandoned […] more>>