Updated Sep 5, 2024
Sarasota Beachfront Property Sold For $13.95M With Buyer's Rep Natasha Shevchuk & Seller's Rep Charles Buky
171 Whittier Drive
$13,950,000
$2,440/SF
Building Size
5,716 SF
Asset Type
Single Family Residence
Closing
Sep 12, 2023
About this deal
AI
A Sarasota beachfront property located at 171 Whittier Drive has been sold for $13.95 million in an all-cash deal, making it the highest sale in Sarasota this year. The property is situated on 0.42 acres and features a five-bedroom estate with smart home features, an elevator, gourmet kitchen, outdoor kitchen, and a wine room.
Summary of transaction details
- Property Type: Single-Family Residential (SFR)
- Transaction Amount: $13,950,000
- Address: 171 Whittier Drive
- Market: Sarasota
- Property Size: 0.42 acres
The buyer, represented by Natasha Shevchuk from 1st Premier International Properties, and the seller, represented by Charles Buky from Coldwell Banker Realty, successfully concluded the deal. This transaction marks a significant milestone in the Sarasota real estate market, showcasing the demand for high-end properties in the area.
On the Map
$13,950,000
$2,440/SF
Single Family Residence
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Sarasota Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.4K per square foot on a published $14M for 5,716 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.14%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93