Updated Sep 9, 2024
H. Lee Scott Jr. & Linda Scott Acquire Sarasota Single Family Home For $11.25M
626 S Owl Dr, Sarasota, FL 34236
$11,250,000
$1,710/SF
Building Size
6,576 SF
Asset Type
Single Family Residence
Closing
Jun 1, 2023
About this deal
AI
A waterfront home on Bird Key in Sarasota has been sold for a record-breaking price of $11.25 million. The 6,576-square-foot home features five bedrooms, with water views from every main room. The property also boasts high-end amenities such as a backup generator and an elevator.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $11,250,000
- Address: 626 South Owl Drive, Sarasota
- Market: Sarasota
H. Lee Scott Jr. and Linda Scott are the buyers of this property. H. Lee Scott Jr., the former CEO of Walmart, and his wife Linda Scott, have made this record-breaking purchase. Roger Pettingell from Coldwell Banker Realty represented the buyers in this transaction.
The sellers of the property are Dawn and Henry Duques. Susan Fox and Jonathan Fox from Compass acted as the sellers' representatives in this deal.
Players
Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.41%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93