St. Armands Key home fetches $4.25 million

April 2, 2013 

Staff report

A waterfront estate on St. Armands Key sold today for $4.25 million, becoming the highest priced sale of a single family home on St. Armands Key since 2007.

The 6,123 square foot home on Sarasota Bay was placed under contract after only 81 days on the market. It was sold to buyers represented by Kathleen Callender, of Michael Saunders & Company.

"Buyers of significant means are actively pursuing the most luxurious, one-of-a-kind properties our market has to offer," said Michael Saunders from her office in downtown Sarasota. "And this property has it all--a prime location only minutes from the beaches, St. Armands Circle and downtown Sarasota, magnificent city and bay views, deep boating water; and an impeccable pedigree. I congratulate Kathleen for facilitating the purchase of this extraordinary property on behalf of her buyers."

Sarasota architect Clifford Scholtz designed the home, which was built by the late master builder Michael Collingwood. The two men's portfolio of award-winning homes includes some of the finest properties in Sarasota.

Surrounded by ivy-covered walls and a double-gated entry, the estate property features five bedrooms, gourmet kitchen, den, work-out room, bayside pool and spa; and a three-car garage. Terraces adorn both the upper and lower levels to allow for maximum privacy. Reid Murphy, of Developers Realty, Inc., represented the seller of the property located at 112 North Washington Drive, on St. Armands Key.

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