Longboat Key, Florida | September 25th, 2017 – The Judy Kepecz-Hays Team feels the strong vibe of a rising market in waterfront residential properties. This after our team recently represented the buyer of a $4 million-plus waterfront residence in Lighthouse Point on the southernmost end of Longboat Key.
Besides this sale, reported as the biggest in five years for this community, our team listed a canal-front residence at 723 Jungle Queen Way on the north end of Longboat Key. This four-bedroom builder home has a coastal Mediterranean architectural style and a floor area of 2,800 square feet.
Upcoming Platforms for Selling
Priced upwards of $1 million, this property and similar sales-listed waterfront residences should get some marketing push from the media mileage expected from world-class rowing and sailing events set in our region this year and in 2018.
This September, Sarasota and Manatee counties will host the World Rowing Championships at the Nathan Benderson Park. Some 40,000 participants, officials and spectators from more than 60 countries are expected to attend this international competition set from September 24 to October 1.
Nine international TV stations plus domestic US broadcast networks are set to cover this prestigious event which needless to say cater to a market with a strong affinity to a water-based lifestyle. The competitions’ media coverage will be broadcast to an estimated 130-million audience all over the world.
A $25-million direct economic impact on the region is likewise anticipated from this forthcoming event, with revenues generated not only from hotel accommodations. Various side events of the rowing meet have also been lined up to include entertainment and local tours which could very well serve as selling platforms for many of our waterfront residential properties.
Tailwinds from World Sailing Meet
Next year, similar marketing benefits could be derived from the World Sailing Annual Conference that Sarasota will host. Set on November 2‒11, 2018, this prestigious conference involves more than 400 delegates from over 100 member-countries of World Sailing (WS). It would be the first time for the U.S. to be the venue for this annual WS affair. This again should help bring international market exposure on our beautiful waterfront residences and wide selection of boating communities.
Local officials are also hopeful that this conference shall further enhance our region’s stature as an international water sports destination. The holding of the WS conference in Sarasota will bring in delegates of the Yacht Racing Forum and the Offshore Racing Congress. These two international bodies are notably the organizers of major professional sailing events like the America’s Cup and the Volvo Ocean Series.
The Judy Kepecz-Hays Team would surely seek ways to tap these forthcoming major water sports events’ marketing value to the residential properties we sell. To start with, we already have established an extensive network of international and local contacts vital to a sale or purchase of luxury and waterfront residences. Given all the international water sports events we’re having, extending our network even further would be second nature to us. Contact our team if you have a property to buy or sell, be it a luxury or waterfront residence, on Longboat Key or elsewhere in Sarasota & her Islands.