Schemmel Property Group Closes Highest Sale on Casey Key Since February 2007

PROPERTY SELECTED FOR “PALMETTO” MOVIE LOCATION SELLS ON CASEY KEY

SARASOTA, Fla. (July 28, 2009) – Signature Sotheby’s International Realty, the luxury real estate brokerage firm, is pleased to announce that sales associate Joel Schemmel and his team at The Schemmel Property Group recently closed a significant sale for $6.2 million. The property is located at 1538 N. Casey Key Road, Osprey.

Often referred to as one of Sarasota County’s Marquee properties, Hollywood even sought it out as the prime location for the movie “Palmetto” starring Woody Harrelson and Elizabeth Shue in 1998. The home is on well over two acres stretching from the Gulf of Mexico to the Intra-Coastal Waterway. The entire façade of the home as well as the interior is “fossilized coral stone” mined from a private quarry and brought to Casey Key. Stonemasons spent over three years working on the home, which includes many other custom stone carvings and features. The property includes an elaborate main home, dock/guest house, enormous patios, an incredible stone fountain/pool area and a tennis court.

“Particularly in today’s economic environment, homes of this caliber require a unique, dynamic and comprehensive marketing strategy along with the ability to consistently communicate market activity and pricing trends to both sellers and buyers”, says Schemmel. “The Sotheby’s International Realty network provided the platform to market this Estate not only locally but nationally and internationally as well.”

According to the Mid-Florida Regional Multiple Listing Service, this residence – known as “Sugar Bay Estate” – is the highest sale on Casey Key since February 2007. Schemmel and his team have closed over $15 million in volume on Casey Key since 2008 making him one of the top selling agents on Casey Key for closed transactions in 2008 – 09.

Schemmel moved swiftly in the real estate world after relocating to Sarasota from Europe in 2003 and is currently ranked among the top agents in Sarasota based on closed sales. Joel’s career also encompasses over fifteen years working with Arthur Andersen, Andersen Legal, and the Ernst & Young Law Alliance both in the USA and Europe. Joel was an International Partner within each of these organizations and immediately before returning to the USA, was managing partner of a 45-attorney law firm based in Central Europe.

As the number one producing team of Signature Sotheby’s, the Schemmel Property Group consisting of Joel Schemmel, Kathleen Ucci and Sharon Chiodi continues to surpass company goals. The individual skills and experience of each of the team members’ come together to further enhance the level of service provided to their clients. The result is instantaneous synergy and greater depth of service resulting in client satisfaction, repeat customers, ongoing referrals and sales such as this.

Signature Sotheby’s International Realty is located at The Plaza at Five Points, 50 Central Avenue, Sarasota, Florida 34236 and in Venice at 230 S. Tamiami Trail, 34285.
About Signature Sotheby’s International Realty
Local expertise. Global connections. As Sarasota, Manatee and Charlotte County’s exclusive Sotheby’s affiliate, Signature Sotheby’s International Realty artfully unites extraordinary properties with extraordinary lives. Focusing on the customer, the company is proud to carry the centuries-old reputation of the Sotheby’s brand and its time honored tradition of providing exceptional service. As part of the Sotheby’s global network of more than 10,000 sales associates in more than 500 offices in the U.S. and 37 other countries and territories, Signature Sotheby’s International Realty connects buyers and sellers from around the world. For more information, visit www.signaturesir.com.

About Sotheby’s International Realty Affiliates LLC
Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby’s International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. In February 2004, Realogy Corporation, a global provider of real estate and relocation services, entered into a long-term strategic alliance with Sotheby’s, the operator of the auction house. The agreement provided for the licensing of the Sotheby’s International Realty name and the development of a full franchise system by Realogy’s subsidiary, Sotheby’s International Realty Affiliates LLC. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Sotheby’s International Realty Affiliates LLC supports its affiliates with a host of operational, marketing, recruiting, educational and business development resources. Franchise affiliates also benefit from an association with the venerable Sotheby’s auction house, established in 1744. For more information, visit www.sothebysrealty.com.

Contact
Joel Schemmel
50 Central Avenue, Suite 110
Sarasota, FL 34236
Phone: (941) 308-6497