Schemmel Property Group Successfully Markets Prestancia Estate Home

One of the truly marquee properties located in Prestancia sold last week for $985,000.  The home at 4193 Escondito Circle, originally built by Gary Roberts of Bamboo Building & Development is certainly one of the most dramatic homes in Prestancia.  Perfectly positioned on a premium lot overlooking TPC’s Stadium Golf Course, this one-of-a-kind French colonial estate captures golf course and distant lake views from almost every room.  

This is the seventh property this year with a sales price over $500,000 that has been sold in Prestancia and the forth to sell over $750,000.  In 2009 there were a total of three sales over $500,000 but there were no homes sold over $750,000. 

In 2009, fourteen of the seventeen properties sold in Prestancia were under $500,000.  This year so far only nine of the sixteen properties sold YTD are under $500,000. 

In addition to the recent sales, three properties have gone under contract in the last month which shows continued activity in Prestancia through the sometimes slower summer months.  Of the three properties, two of them were listed over 500,000.

“Last year the activity on homes over $500,000 here in Prestancia was minimal”, said Joel Schemmel, listing agent for 4193 Escondito Circle.  “We are very excited about the level of activity we have seen in recent months, especially on the larger estate homes.  This signals continued strength in our local real estate market not only in Sarasota, but in Prestancia.”

The Schemmel Property Group currently has seven properties listed for sale in Prestancia ranging in price from $339,000 for a 2,100 sq. ft. maintenance free villa to $1,350,000 for a 5,500 sq. ft. estate home.  If you would like any additional information on Prestancia or any of our other magnificent properties please fill out the contact us page or email us directly at toni.schemmel@sothebysrealty.com.

Posted 8.25.2010

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