Casey Key Real Estate Market Update – June 2011

Casey Key Beach

Beautiful and Secluded Casey Key Beach

The Casey Key real estate market has taken awhile to adjust to lower prices, but it is well on its way with much lower prices than previous years. Currently, there are 7 homes for sale on Casey Key priced under $1 million. This exclusive barrier island is a little south of Sarasota is popular with sports figures, actors and entertainers because of the privacy afforded on this lush island. Tropical foliage abounds. You’ll see seagulls, pelicans, sea turtles, dolphin and more from the shores of the Gulf of Mexico here. There are no traffic lights on Casey Key’s 8 miles stretch from its north bridge at Blackburn Point Road to its southern bridge at Albee Road. Residents on Casey Key enjoy walking the beach, fishing, and just relaxing. The Casey Key Fish House at the north end of the Key is popular with locals for a casual place to gather and enjoy fresh seafood in addition to views of the intracoastal. Currently there are 46 homes for sale on Casey Key. Prices range from $699,000 for a single family home divided into a 4-plex to $19 million custom gated estate “spanning over 300 feet” of white sandy beach. There are 3 homes under contract on Casey Key with list prices all over $1 million. In the last six months, 7 homes have sold. Recent selling prices on Casey Key range from $600,000 to $3,150,000.

  • Total Homes for Sale: 46
  • Highest Priced Home: $19 Million
  • Lowest Priced Home: $699,000
  • Median Home Price: $2,097,500
  • Average Home Price: $3,098,063

Casey Key – Homes Under Contract

  • Total Homes Under Contract: 3
  • Highest Priced Home Under Contract: $8,900,000
  • Lowest Priced Home Under Contract: $1,100,000

Casey Key – Homes Recently Sold (Last 6 Months)

  • Total Home Sales: 7
  • Highest Priced Home Sale: $3,150,000
  • Lowest Priced Home Sale: $600,000
  • Median Home Price: $1,750,000
  • Average Home Price: $1,867,857

The values for the Casey Key real estate market are currently excellent with an outstanding selection of inventory. Contact us today for more information or to make arrangements for a tour of properties available on Casey Key.

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