BRADENTON -- A home built a long stone's throw from DeSoto National Memorial Park has been sold in a relatively rare real estate transaction on a stretch of riverfront.
Bradenton-area construction contractor Louis Merucci and his wife, Lynn, sold the home at 7610 DeSoto Memorial Highway for $2.5 million May 4. It is the highest price paid in the past decade for any of the 20-plus shoreline homes in the Bishop Point area.
According to Manatee County property records, the buyers are William and Carol McKnight. The couple owns a 16-year-old, 4,539-square-foot house on less than 1 acre on the south shore of Manatee River. The Meruccis bought the property for $495,000 in 1997. They tore down an existing home on the property and built a new one two years later.
Property records show the most recent sale in the Bishop Point area was a $1.2 million transaction in 2012 in which a 6,000-square-foot home on 79th Street Northwest changed hands. The same year, a 1-acre lot at 7706 DeSoto Memorial Highway sold for $817,000.
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The listing agents in the transaction were Leigh Simons and Martha Marlar with the Lakewood Ranch office of Premier Sotheby's International Realty.
Jay Travis and Christy Travis of ReMax Alliance brought the buyer to the transaction.
Debbie Vogler, a real estate agent with the Bradenton office of Michael Saunders & Co., said despite recent sales, she believes future listings on Bishop Point will be few and far between.
"I wouldn't really foresee that neighborhood becoming less stable," she said.
With activity picking up in the luxury home market over the past year, homes on the market sell well. Vogler, listing agent on a $2 million home for sale in the McNeil Point neighborhood to the east, said riverfront real estate is attractive.
"That area right there just has gorgeous views," she said.
There has been some high-end activity along the Bradenton riverfront to the west of the park where two homes on 85th Street Northwest each sold for $2.8 million in February.
Matt M. Johnson, Herald business reporter, can be reached at 941-745-7047, or on Twitter@MattAtBradenton.