As of April 11, 2009, we have had 13 single family waterfront sales listed at or above $1.5 million, county-wide in Sarasota. The highest sale, 5871 Gulf of Mexico drive, closed at $7.125m in February. This was for a gulf front property on Longboat Key, built in 2008, 7,046 square feet of living area on just over an acre of land.
The next highest sale was the property at 784 Dream Island Rd, also on Longboat Key, which sold for $3m in January, for a 3,780 sq ft home on 1.5 acres of bayfront property.
The other 11 properties ranged in sales price from $1.150m to $2.9m and 4 of these were sales on Manasota Key, which had almost no activity in 2008.
The good news is there are 19 additional sales pending with list prices ranging from $1.5m to $5.550m, and these are all anticipated to close by the end of May. I will be updating these sales on the blog, so watch for the reports.
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