Potential Condo Development

estate comeback. It is well documented that resort areas are the first to return to healthy property appreciation. We are starting to see the mainland real estate pick up in transactions and a recent large transaction produces good news. As reported by the Herald Tribune in Bradenton, Florida :”Perico Project picked up by Canadian Firm.” St. Joes began a 352 acre project on Perico Island. Perico island is just across the draw bridge from Anna Maria Island.  It’s a couple orange throws from Anna Maria Island. The Perico Island project will have a positive impact on Anna Maria Island. Originally the project was stopped mid-2007 by St. Joe’s due to the adverse Real Estate conditions nationwide and in the Bradenton, Florida area. Minto, a family owned company with operations in Ottowa and Toronto has built more than 65,000 homes in its 54 year history and looks like they will build a few more on Perico Island. For more information on the purchase visit the Herald Tribune web article.

For more information on Anna Maria Island Real Estate visit my website.