Bought for $35,000, Anna Maria property sells for $2 million

mjohnson@bradenton.comJuly 5, 2014 

A Pittsburgh couple purchased an Anna Maria Island beach house with Gulf of Mexico views on June 18 for $2 million from owners who had held the property since 1978.PHOTO PROVIDED

ANNA MARIA -- A waterfront property on the gulf side of Anna Maria Island has sold for $2 million after having only one owner for the past 36 years.

On June 18, Pittsburgh residents Allan and Sharon Steinbock purchased the half-acre beachfront lot at 785 North Shore Drive from Michael and Jan Smith. According to Manatee County property records, the Smiths purchased the property in 1978 for $35,000.

The home initially listed for $2.39 million. It was on the market for almost 18 months.

Terry Hayes, the Premier Sotheby's International Realty agent who listed the home, said it might have fetched a higher price had it been on the market a bit longer.

"I think we were a little ahead of the market," she said.

With the purchase, the Steinbocks get a 3,478-square-

foot contemporary home built in 1992 by Brent Whitehead Construction. The home features four bedrooms, four bathrooms and a two-story great room with a view of the beach and the Gulf of Mexico. Listing information for the home also shows that it comes with an elevator and a UV air handler disinfection system.

"That house at that price was an amazing value," Hayes said. "It's just architecturally interesting."

Steinbock is a senior adviser with Superbolt, a subsidiary of bolt securing systems maker Nord-Lock. According to the U.S. Patent and Trade Office, Steinbock holds three patents for fasteners and jackbolt components.

Hayes handled both the sellers' and buyers' sides of the transaction. She said the buyers plan to uses the home as a vacation house.

Matt M. Johnson, Herald business reporter, can be reached at 941-745-7027, or on Twitter @MattAtBradenton.

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