Don’t lose heart if you find the condos of Covert II off market most of the time. The double-digit gains of home prices in 2015 have recently been encouraging new listings which rose by 12.8 percent in Manatee in November and by 9.7 percent in Sarasota during the same month.
This upbeat mood of the two county’s residential property market appears still gaining more steam and is likewise bringing in some perceived shift in the demographics of the Longboat Key property market. Some realtors have noted that many of the older folks who bought homes in the island during the 1980s‒1990s are relocating to the mainland and making room for a younger generation of homeowners who are becoming more and more focused on an island resort lifestyle.
Covert II definitely has all the features that make it worth including in a watch list of Longboat Key condos for sale. This condominium is conveniently located mid-key and was masterfully developed to put into play its idyllic gulf front setting.
Its residential building was constructed in 1973 as a low-rise only some 50 meters from the coastline, thus enabling swift beach access for its residents. The Covert II condominium flaunts an endearing contemporary architectural style and landscaping elements that enhances privacy within the complex. Moreover, it was developed with just 27 units any of which is a cool choice as a vacation retreat.
Choices of Covert II condos for sale can include one-bedroom units having floor plans of 720 square feet or two-bedroom residences with floor plans of 990 square feet. At current market value estimates, these can be listed at asking prices from the $300s up to the $400s.
In the absence of any sales-listing in this condominium, searchers of Longboat Key condos for sale can focus their attention to its adjacent sister neighborhood, Covert III with 15 units at 5211 Gulf of Mexico Drive. These condos, built in 1976 also within a low-rise just south of Covert II, are typically larger and have living areas of between 1,300 and 1,900 square feet. They feature either two or three bedrooms and are valued from the $400s up to the $900s.
Covert II and III offer more besides their marvelous beachfront setting that stands as a major attraction of Longboat Key condos for sale. Each has its own heated swimming pool, and a tennis court nestles amid lush landscaping just in front of the Covert III low-rise. The sister condos are also maintenance-free neighborhoods, allowing their residents to fully enjoy the island resort lifestyle Longboat Key offers.
Besides all these, appreciable rewards await rental investors who have the patience in waiting for listings of Covert condos for sale. Notably, the condominium’s minimum rental policy is very liberal at a seven-day lease.
Sales-listings in this property also typically come with excellent rental histories owing to the superb features of its units and their proximity to points of interest not only in Longboat Key. Also close by are the life and leisure hubs in St. Armands Circle and in Sarasota’s downtown center.
Below are all of the current real estate listings available for sale at Covert II.
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