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H. Lee Scott Jr. & Linda Scott Acquire Sarasota Single Family Home For $11.25M

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SOLD
$11,250,000

Florida

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Single Family Residence6,576 SF
Sold 06/01/2023
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Property Image
SOLD

H. Lee Scott Jr. & Linda Scott Acquire Sarasota Single Family Home For $11.25M

626 S Owl Dr, Sarasota, FL 34236

See Similar Deals
Single Family Residence6,576 SF
Sold 06/01/2023
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,710
Total Square Footage:6,576 SF
Transaction Type:Sale

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

Roger Pettingell
2 deals$22.2M volume(941) 387-1840
BROKER

Susan Fox
Compass
1 deal$11.3M volume(941) 544-6648
BROKER

Jonathan Fox
Compass
1 deal$11.3M volume(202) 322-9379
BROKER

Details

SOLD
IMAGE: Susan Fox, Roger Pettingell & Jonathan Fox DATE: 06/01/2023 ADDRESS: 626 South Owl Drive MARKET: Sarasota ASSET TYPE: Single Family BUYER: H. Lee Scott Jr. & Linda Scott SELLER: Dawn & Henry Duques BUYER'S REP: Roger Pettingell - Coldwell Banker Realty (@ColdwellBanker) SELLER'S REP: Susan Fox & Jonathan Fox - Compass (@Compass) (@CompassFl) SALE PRICE: $11,250,000 SF: 6,576 ~ PPSF: $1,71 NOTE: H. Lee Scott Jr., former CEO of Walmart, and his wife Linda Scott, have bought a waterfront home on Bird Key in Sarasota for a record-breaking price of $11.25 million. The newly built 6,576-square-foot home offers five bedrooms, water views from every main room, and high-end features like a backup generator and an elevator.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$600,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$39,968.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$53,330.74
Annual Debt Service$639,968.87