Dona & Sam Scott III Acquire Condo Unit 17 In Sarasota For $11.35M
605 South Gulfstream Avenue
$11,350,000
$1,938/SF
Building Size
5,855 SF
Asset Type
Condo
Closing
May 20, 2024
AI
The condo located at 605 South Gulfstream Avenue Unit 17 in Sarasota was sold for $11,350,000. Spanning 5,855 square feet, the unit was purchased by Dona & Sam Scott III from sellers Curtis Jordan & Paige Petersen. The price per square foot for this transaction was $1,939, marking it as the highest downtown sale in Sarasota to date. Curtis Jordan and Paige Petersen had acquired the condo in 2021 for $7.2 million before selling it.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $11,350,000
- Address: 605 South Gulfstream Avenue Unit 17
- Market: Sarasota
Kathleen Callender of Florida Capital Realty represented the buyers, Dona & Sam Scott III, while Lisa Morris from Douglas Elliman was the seller's representative, assisting Curtis Jordan & Paige Petersen in the deal. Post-sale, Curtis Jordan and Paige Petersen acquired a $9.5 million residence in Indian Beach, marking the most expensive transaction in the area since 2006.
Players
Sarasota Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.40%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93