Longboat Key luxury home sales above $3 million picking up steam

cschelle@bradenton.comApril 28, 2013 

MANATEE -- Longboat Key luxury properties are proving hot as three homes valued at more than $3 million quickly came off the market.

A $6.75 million beachfront penthouse at 435 L'Ambiance Drive closed Friday after being on the market for 19 days; a Gulf of Mexico drive property sold for $3.5 million; and a house at 596 Outrigger Lane sold Thursday for $3.8 million.

Sotheby's International Realty's Cheryl Loeffler represented the buyer and seller on the 5,170-square-foot Gulffront condo in an exclusive Longboat Key neighborhood.

The penthouse unit features four bedrooms, 6.5 baths and was reconstructed with a custom design to provide panoramic views of the Gulf of Mexico, according to Sotheby's. The swanky home includes a 2,400-square-foot wrap-around terrace, 14-foot ceilings, Crema Europa limestone and wood flooring.

Luxury home sales, considered $1 million and up, have had mixed results across Manatee and Sarasota counties. In Sarasota County those sales rose 61 percent in March compared with February sales, while inventory is at its lowest levels since 2006, according to TrendGraphix, a market trend report for Southwest

Florida commissioned by Michael Saunders and Co.

For Manatee, eight luxury properties sold in March, down 20 percent from the 10 sold in February.

That's still better than March 2012 when no luxury properties were sold in Manatee, according to the report.

The $3.5 million sale was a waterfront house on Longboat Key on April 12 to an Ohio couple, according to property records.

Gerard and Christine Byrne of Kilkenny, Ireland, sold 6021 Gulf of Mexico Drive to Randall Welch and Cynthia Heit-Welch of Beaver Creek, Ohio, according to a sales report.

Heit-Welch owns independent home health care company Gem City Home Care with her husband, one of the largest home-health care businesses in Dayton, Ohio, according to the Dayton Business Journal.

The home was assessed at $2 million in 2012 and last sold for $5 million in 2006, according to the Manatee County Property Appraiser's website.

The home was built in 1960 and was used as a vacation rental, according to the property appraiser.

The house at 596 Out-rigger Lane sold for $3.8 million in the Country Club Shores neighborhood. It was listed by Maureen Horn of Michael Saunders.

The custom-built, five-bedroom bayfront home was on the market for 74 daysbefore a contract was reached, and closed after 119 dayson the market, according to Michael Saunders.

Brad Tritschler of Premier Sotheby's represented the buyer.

In East Manatee, two luxury golf community properties also recently sold.

James and Winifred Castoro of Lakewood Ranch on April 16 purchased a new home in the Lakewood Ranch Country Club Village for $1.4 million from the village's builder ACPA Land Investments, which is part of Neal Signature Homes, according to a real estate sales report.

A Swedish buyer, Ulrike Maria Neumann Viebke, purchased a lot in the Waterlefe Golf & River Club, along the southside of the Upper Manatee River, from William F. Samuels for$1.3 million on April 15, according to land records.

In commercial real estate, Rangeland Medical Office Building purchasedland at Lakewood Ranch Boulevard and Rangeland Parkway to build a two-|story, 25,500-square-footmedical office building, according to property records.

Rangeland's address shows as being owned by John Steele, at a medical office at 943 S. Beneva Road in Sarasota.

"With the new homes at Esplanade, Central Park and the Lost Creek apartments, the project will fill a need in that area for medical services," said Lisa Barnott, spokeswoman for Schroeder-Manatee Ranch, the master developer of Lakewood Ranch.

Charles Schelle, business reporter, can be reached at 941-745-7095. Follow him on Twitter @ImYourChuck.

Bradenton Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service