High-end sales of Sarasota real estate have lagged similar to the national trend. Even Hugh Hefner took a big price reduction when he recently sold his California home. Many Sarasota sellers are getting the message and finally reducing prices causing the market to see some activity.
In Sarasota, Florida two recent sales gave estate sellers a boost in confidence that the high-end market is rebounding in this area. According to Sarasota MLS records, the recent sale in Lido Shores was originally listed at $11,000,000. It sold for 7,423,500 or 67% of original price.
Casey Key homes for sale have demanded top prices for many years. The home at 1538 North Casey Key Road recently sold for $6,200,000 (adjacent parcel included with the original listing was sold off in 2008 for $3,797,500). The listing was originally priced at a whopping $20,035,000. Both properties were on the market for several years.
Sarasota Florida waterfront real estate has been prime real estate for decades. Luxury home buyers have pursued properties in Sarasota largely because of the beautiful beaches and warm weather. Sarasota brings culture into the picture too. The cultural venues of this delightful city include an opera, ballet and symphony. The downtown area of Sarasota is a place to enjoy shopping, dining and professional services as well as Sarasota’s fabulous Bayfront Park. The Sarasota lifestyle is the best!
If you are interested in receiving any information on Sarasota real estate, head over to BuySarasota.com to start your search. We regularly show all Sarasota barrier islands of Casey Key, Siesta Key, Bird Key, Lido Key and Longboat Key as well as the mainland Sarasota.
Wednesday, August 5, 2009
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