Even as sales in the lower price tiers of Southwest Florida’s real estate market show signs of noticeable and sustained improvement, the upper end appears to be gathering a new head of steam as well.
In the past several days, two significant sales hinted at resumed momentum in the luxury market wherever sellers meet the market head-on with realistic and aggressive pricing.
The most recent of those sales, a waterfront listing on Bird Key-represented by Deborah Beacham of the Longboat Key office of Michael Saunders & Company-set the record for the largest single residential sale in Sarasota County thus far this year. The home, at 552 South Spoonbill Drive on Bird Key, sold for $4.75 million on Wednesday, May 6th to a buyer represented by Judy Kepecz-Hayes of Coldwell Banker. The sale is also noteworthy for having gone to contract in only 128 days; an amazing feat in what has otherwise been a challenging market for sellers in the upper end.
The other sale-represented by Ken Torrington and Terri Derr, also of the Longboat Key office of Michael Saunders & Company-proved to be the largest in The Oaks since December 2007. The property, located at 136 Osprey Point Drive in the Oaks Bayside, sold on April 17 for $3.175 million. Joan Parkinson, of the Palmer Ranch office of Michael Saunders & Company, represented the buyer.
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