$16.5 MILLION ESTATE IS HIGHEST SALE EVER ON CASEY KEY

SARASOTA, Fla., May 7, 2021 (Newswire.com) - A one-of-kind coastal retreat on Casey Key has sold for $16.5 million; it is the most expensive sale ever on Casey Key and tied for the highest sale ever recorded in MLS in Sarasota County. Nestled on 3.7 acres between the Gulf of Mexico and Sarasota Bay, this resort-like compound encompasses 120 feet of direct Gulf frontage and well over 1,000 feet of bay frontage. Located at 1900 North Casey Key Road, the property was marketed exclusively by Joel Schemmel of Premier Sotheby's International Realty's Downtown Sarasota office. Jennifer Linehan of Michael Saunders & Company brought the buyer.

A remarkably quick sale for a listing at this price point, the extraordinary estate was only on the market for 40 days. The combination of a truly amazing home and property, effective targeted marketing, and the high demand for luxury waterfront properties led to this impressive new benchmark. 

Situated on one of the largest lots on Casey Key, this tropical paradise boasts unique features and outstanding amenities. Framed by 12-foot ceilings and walls of glass, the 9,600-square-foot home showcases turquoise water views from every room. Multiple outdoor seating areas, saltwater pool, spa, fire pit, and bocce ball court are all brilliantly complemented by extensive landscape architecture. A separate guest house/party pavilion has 2,320 square feet of living space that includes over 1,600 square feet of covered outdoor entertainment space. The canopied nature preserve leads to two private beaches on the bay, while a boat dock, two grandfathered boat lifts, and a kayak launch provide easy access to the Intracoastal Waterway.

Quote:

"This amazingly curated property has everything aligned to maximize its stunning Gulf-to-Bay views, offering the ultimate private escape. Homes of this magnitude and price point typically stay on the market for long periods of time—the fact that it sold in just 40 days signals that the Sarasota ultra-luxury market is in high demand."

- Joel Schemmel, Premier Sotheby's International Realty

About Premier Sotheby's International Realty

Headquartered in Naples, Florida, Premier Sotheby's International Realty has over 1,400 professionals in over 40 locations throughout Florida and North Carolina. Premier Sotheby's International Realty also benefits from an association with the storied Sotheby's auction house, established in 1744. The brokerage is a division of The Lutgert Companies, a prominent member of Southwest Florida's business community since 1964. For more information, visit premiersothebysrealty.com.

Source: Premier Sotheby's International Realty