Yasser Roushdy Acquires Development Site In Duck Key From John Mcpherson For $4.6M

The property involved in this transaction is a development site located at 341 East Seaview Drive in Duck Key. It was sold for $4,600,000, encompassing a building size of 41,777 BSF and 2,744 SF. The property is situated on approximately 0.91 acres with over 200 feet of water frontage, which will allow for the construction of a new waterfront estate.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $4,600,000
• Building Size: 41,777 BSF
• Price per Building Size Foot: $110
• Square Footage: 2,744 SF
• Price per Square Foot: $1,676
• Buyer: Yasser Roushdy
• Seller: John Mcpherson
• Broker Representatives: Nicholas Arias & Joseph Suarez - Trustpoint Realty

This transaction highlights the expertise of Nicholas Arias and Joseph Suarez representing the buyer, Yasser Roushdy, in acquiring a development site that is positioned within a competitive and desirable market characterized by a scarcity of available properties. The transaction is part of a broader trend of off-market opportunities being offered throughout the Middle Keys, which include areas such as Key Colony Beach, Duck Key, and Islamorada.