About Anna Maria Island
Anna Maria Island is the northernmost of the barrier islands of Sarasota / Bradenton. It is located in the gulf waters near where Tampa Bay, Sarasota Bay, the Manatee River meet. Anna Maria Island's charm is it's eclectic homes and condo's and casual, laid-back life style. It is often described as a throw-back to old Florida.
You Can Walk to The Beach
You don't have to live on the beach on Anna Maria Island to enjoy the beach. Most of the east/west streets on the island dead-end at the beach, so beach access is a breeze unlike neighboring islands where you must search for a "public access walkway" sparsely located between the high-rise condominiums.
The Free Trolley Will Take You Anywhere On The Island
The free Anna Maria Island Trolley runs from 6:00am to 10:30pm with stops every 20 minutes. The trolley offers both open air and air-conditioned seating. Once you arrive, your car may not leave your driveway! Click Here for the route map.
The Bridge Street shopping and entertainment area is located just south of the Cortez Bridge. It's a great hang-out spot with bars and restaurants scattered throughout the 3-block stretch of Bridge Street. At night, Bridge Street rocks with live music playing at several of the restaurants. Shopping ranges from souveneirs to art to high-end jewerly .... and best of all, Bridge Street is accessible via the Anna Maria Island Trolley which is highly recommended as parking in the area can be a challenge - especially in the evenings.
Buying Homes and Condos on Anna Maria Island
Buying your 'beach house' is a dream for many of us. Anna Maria Island may be the perfect location for that dream to come true. With one exception, there are no high-rise condominiums on the island as local ordinances prohibit structures higher than 3 stories. Anna Maria Island single family homes for sale run the gamut from newly-built 3-story homes to old Florida single-story 'cracker' homes.
Anna Maria Island Income Property
Anna Maria Island has become a year-round destination for many looking to enjoy the beautiful beaches and night-life. Families and couples return year-after-year to vacation or escape the cold winters of the midwest and northeast. Purchasing a home or condominium and renting the property to vacationers when not in use is an excellent way to cover most, if not all of the costs of ownership. If this is your plan, there are a few things you need to know:
The zoning will determine whether you can rent your property daily, weekly, or only month-to-month. Additionally, in the case of a condominium, the condo rules and regs may further restrict how often you can rent. We can help you choose properties that meeting your rental goals.
Think Like A Vacationer
When selecting your income property, it's important to choose properties that will appeal to someone on vacation. Number of beds and baths, proximity to the beach, and presence of a pool are the 3 biggest factors in driving rental income.
Beware of FEMA Regulations When Renovating
All new construction on the island must be elevated with living areas beginning on the second floor. The first floor can only be used for parking and storage. Older homes built on slabs at ground level are of course 'grandfathered' and are exempt from the elevation requirements UNLESS renovations are made that exceed 49% of the home's (not the land's) taxable value.
Anna Maria Island is a barrier island and every property on the island will require flood and wind (hurricane) insurance. The height, construction materials, and roofing materials will have the biggest impact on your flood insurance premiums. For condominiums, flood insurance is covered by your condo fees, but you should carry flood insurance to protect the interior of the condo and your furnishings.
Will It Make Money?
We work with a lot of investors and we have developed special software that allows us to plug in the operating expenses of a home, mortgage payments, property management fees, and projected income to predict what your annual cash flow, return on investment, and CAP rates will be for any property.
Need Some Help?
We don't bite, and we're not obnoxious, and advice or answers is always free. If you have questions just drop us a note using the form below and we'll get back with you quickly. If your need is more immediate, you can call us directly at 800-920-4177.