Great video loved it. Great community. Love Esplanade. The Townhomes are nice but their biggest problem is that they do not have access to the amenities that the other 2 communities have. What is the square footage of the St Vincent? There is another model the Java no model home? You did not show the John Canon homes in Cassia would have loved to get more information.
Thanks, glad it was useful! Stay tuned, we will be doing a ton of in depth new construction communities in the next few months. Let me know if there's any you would like me to highlight.
there was a racial harrasment incident at Skye Ranch recently, Steve Carrega was one of those identified as part of the incident, but there has not yet been a clarification on whether or not Steve actually lived in the community
That I do not know. There are several huge pieces East of I-75 that were available years ago. Neal Homes are also building another massive community next door to the West of this neighborhood. (Just approved a few weeks back. Seems like the county commission greenlights everything without much thought to the future.
As an investment you have to look at your total expenses broken down monthly. Your Association dues for the Town homes, Your county taxes, Your CDD, Your Insurance. If not paying cash, then you have mortgage in addition. So you have to charge enough to minimally cover those expenses. I believe these will rent really well, but you have to compare them to newer existing apartments off Cattleman, Fruitville, etc. Which would be your competition. If you buy one with a garage unit, then you will have a leg up on most apartments,. Yes, you will (very slowly at first) pay down that mortgage and I due believe this location will appreciate with the school opening. However that is, of course not guaranteed. A plus for new construction is there are very little maintenance costs early on and you won't really need to actively manage it once you find a tenant with exterior done for you. My personal opinion is that I prefer single family homes as investments. In the end you have to have a 3, 5, 10 year plan. Can you move into it if you need to? How will you liquidate it if you need to? Many questions to know up front. Let me know if you need help.(941) 356-4716
At the moment, the developer/Seller has agreed to pay down a portion of Operations and Maintenance portion of the CDD ($696,29) so the remaining assessment for 2024 at the Townhomes is $1058.90 That will show up in addition on your county tax bill. Due in March. If you pay in November you will receive a 4% discount, December, a 3% discount, and so on.
Nice community but the CDD is in some cases double that of area comps and progressively gets more expensive as time goes on which means newer buyers are paying a substantially higher CDD than those who bought when the community first launched.
@karnevil9959 Yes, indeed. CDDs are definitely a deal breaker for some. Whoever first came up with the idea should be applauded and tarred and feathered at the same. Genius idea to pass along your development costs to future owners.
@@LivingandBuyinginSarasota I can get on board with a CDD it is just with Skye Ranch the CDD seems to be much higher to comparable communities. Plus every community I have encountered in the Sarasota metro area with the exception of Skye Ranch had a CDD cost that remained the same for the most part from the launch of the community to the last sale. I am not sure if this was initially the plan for Skye Ranch but perhaps inflation and unforseen cost have forced them to pass those costs on to newer buyers while the people who bought there earlier on enjoy a significantly lower CDD. Doesn't seem very fair.
🤔Thinking of Moving to Sarasota Florida? 📝 Let Us Help! 📲 Call or Text us: 941- 356-4716 📩 Email: rovnakteam@gmail.com 📅Free Real Estate Consultation (Zoom Call): calendly.com/robrovnakrealtor...
Great video loved it. Great community. Love Esplanade. The Townhomes are nice but their biggest problem is that they do not have access to the amenities that the other 2 communities have.
What is the square footage of the St Vincent?
There is another model the Java no model home?
You did not show the John Canon homes in Cassia would have loved to get more information.
Nice video. Very informative.
Thanks, glad it was useful! Stay tuned, we will be doing a ton of in depth new construction communities in the next few months. Let me know if there's any you would like me to highlight.
Is this the neighborhood where Stephen Carrega lives?
Sorry, I just saw this question. I am not sure who Stephen Carrega is? Did you mean Stephen King? He lives on Casey Key which was in my Nokomis video.
there was a racial harrasment incident at Skye Ranch recently, Steve Carrega was one of those identified as part of the incident, but there has not yet been a clarification on whether or not Steve actually lived in the community
@@AgentPlatypus Yes, I saw that video, very sad. Not familiar with this person though.
@@AgentPlatypus Thanks for the clarification.
Where did they get the land from?
That I do not know. There are several huge pieces East of I-75 that were available years ago. Neal Homes are also building another massive community next door to the West of this neighborhood. (Just approved a few weeks back. Seems like the county commission greenlights everything without much thought to the future.
Also do you think it’s a good investment for rental, is it easy to rent
As an investment you have to look at your total expenses broken down monthly. Your Association dues for the Town homes, Your county taxes, Your CDD, Your Insurance. If not paying cash, then you have mortgage in addition. So you have to charge enough to minimally cover those expenses. I believe these will rent really well, but you have to compare them to newer existing apartments off Cattleman, Fruitville, etc. Which would be your competition. If you buy one with a garage unit, then you will have a leg up on most apartments,. Yes, you will (very slowly at first) pay down that mortgage and I due believe this location will appreciate with the school opening. However that is, of course not guaranteed. A plus for new construction is there are very little maintenance costs early on and you won't really need to actively manage it once you find a tenant with exterior done for you. My personal opinion is that I prefer single family homes as investments. In the end you have to have a 3, 5, 10 year plan. Can you move into it if you need to? How will you liquidate it if you need to? Many questions to know up front. Let me know if you need help.(941) 356-4716
Is the Esplanade getting a Bahama Bar and outdoor restaurant and also a full-service restaurant? Or just a Bahama Bar with outdoor restaurant?
@@danagiammancojesussaves4655 from what I understand bar and open air restaurant, no full service restaurant like Azario.
Just the Bahama Bar and Full restaurant that is poolside.
How much is cdd for town houses and how much is home insurance
At the moment, the developer/Seller has agreed to pay down a portion of Operations and Maintenance portion of the CDD ($696,29) so the remaining assessment for 2024 at the Townhomes is $1058.90 That will show up in addition on your county tax bill. Due in March. If you pay in November you will receive a 4% discount, December, a 3% discount, and so on.
Here is a quick approximate breakdown. $166 mo. HOA/$183 mo. CDD/ $650 2 bedroom Insurance per year- $1,000 3 bedroom Insurance per year.
Nice community but the CDD is in some cases double that of area comps and progressively gets more expensive as time goes on which means newer buyers are paying a substantially higher CDD than those who bought when the community first launched.
@karnevil9959 Yes, indeed. CDDs are definitely a deal breaker for some. Whoever first came up with the idea should be applauded and tarred and feathered at the same. Genius idea to pass along your development costs to future owners.
@@LivingandBuyinginSarasota I can get on board with a CDD it is just with Skye Ranch the CDD seems to be much higher to comparable communities. Plus every community I have encountered in the Sarasota metro area with the exception of Skye Ranch had a CDD cost that remained the same for the most part from the launch of the community to the last sale. I am not sure if this was initially the plan for Skye Ranch but perhaps inflation and unforseen cost have forced them to pass those costs on to newer buyers while the people who bought there earlier on enjoy a significantly lower CDD. Doesn't seem very fair.
@@karnevil9959 I agree. The bond should actually go down as it is paid off.
🤔Thinking of Moving to Sarasota Florida?
📝 Let Us Help!
📲 Call or Text us: 941- 356-4716
📩 Email: rovnakteam@gmail.com
📅Free Real Estate Consultation (Zoom Call): calendly.com/robrovnakrealtor...