Buyers at the high end of the market are choosing a lifestyle, not just a home. It’s about living on the water, the location, boating and all the amenities that come with it.
What is truly amazing is not just our sale of 835 Norsota Way but the number of buyers who were interested in this property when it sold. There were at least four other parties that expressed serious interest and who are now wishing they had done something.
We have a very similar situation with respect to our listing at 4141 Higel on Siesta Key. There are at least five parties who have expressed interest. We will see who comes forward and purchases what we consider to be one of the best deals for new construction on Siesta Key and/or Sarasota County in general (even if they pay full list price of $3,995,000). Where else can you find over an acre on Siesta Key, new construction with almost 7,500 square feet under air, incredible Gulf and Bayou views, protected boating water, a six car garage and deeded Gulf/Beach access.
835 Norsota Way - Bay Front Dock
More about 835 Norsota Way Sale and The Market
This recent sale is the second highest sale on Siesta Key this year and is significant as it shows that there is activity at the high end of the real estate market in Sarasota. As a result of the extension of the home buyer tax credits this year and the number of short sale and foreclosure properties turning over, we have watched as sales have picked up across the lower end of the market. The high end market has been hit hard through this recession, but we are starting to see buyers coming back to the market as they are feeling much more confident in both the economy and the housing market.
The Italian Renaissance Estate at 835 Norsota Way was meticulously renovated utilizing an array of opulent materials and finishes throughout including; intricate moldings, exotic granites and marbles, state-of-the-art wiring and equipment, elevator, professional appliances, European cabinetry, and polished travertine. The home included over 6,300 sq ft under air and uninterrupted views of Sarasota Bay front including, the Ringling Causeway, downtown area, and Golden Gate Point. This grand estate boasts; a formal living area with fireplace, private dining room with coffered ceiling, family room with wet bar, gourmet kitchen, media room, and two powder baths.
Another truly exceptional Sarasota lifestyle successfully marketed and sold by the Schemmel Property Group at Signature Sotheby’s International Realty.
