MANATEE -- Even as one of the most active years for luxury residential real estate draws to a close, million-dollar homes in Manatee County are still selling at a quick clip.
During mid-November, five residential properties priced at more than $1 million sold in the county. Notable among them was one purchased by a Maryland neuropathologist and newspaper columnist and another by a local medical doctor.
The priciest transaction during the one-week mid-month stretch came when Mark and Susan Butt of Frederick, Md., purchased a one-third acre, Manatee River front property at 616 Regatta Way in The Inlets in Bradenton. According to county land records, the Butts paid $1.48 million on Nov. 19 to the seller, homebuilder Medallion Home of Bradenton. The couple owns Tox Path Specialists, a company that specializes in neuropathology evaluations. Mark Butt also authors a humorous column for the Frederick News-Post. He and his wife took out a $1.18 million mortgage to purchase their new property.
Just downriver in Palmetto, another waterfront home sold the day before for $1.45 million. John and Linda Bessey of Kamas, Utah purchased a 7-year-old, 4,700 square-foot home in the Riviera Dunes neighborhood at 106 12th Ave. E. for $1.45 million. The couple took out a $745,000 mortgage on the property.
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The third-biggest sale of the week came on Nov. 20, when Dr. Barbara Bakas purchased at 6946 Westchester Circle in Lakewood Ranch. A physician with Suncoast Family Wellness in University Park, Bakas paid $1.25 million for the 5,154-square-foot home, according to records. She took out a $960,000 mortgage for the purchase.
Sales of homes costing more than $1 million in Manatee and Sarasota counties have already surpassed last year's total of 483, hitting 516 as of the start of December.