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900 Alameda Lane

Updated Jul 22, 2026

Anne & Frank Folsom Smith Sell Sarasota Single Family Home For $6,025,000 With Martha Thorn & Eric Hill As Reps
SOLDSingle Family Residence

Anne & Frank Folsom Smith Sell Sarasota Single Family Home For $6,025,000 With Martha Thorn & Eric Hill As Reps

900 Alameda Lane

$6,025,000

$1,877/SF

Building Size

3,209 SF

Asset Type

Single Family Residence

Closing

Aug 31, 2023

About this deal

AI

The property located at 900 Alameda Lane is a single-family home situated on 1.77 acres in the Sarasota market. It has a total square footage of 3,209 and was purchased for $6,025,000, equating to a price per square foot of $1,878. This estate was initially listed at $11.9 million before price reductions were made. The remodeled property, designed by architect Frank Folsom Smith, features a main house, guest cottage, carriage house, and a swimming pool.

Summary of transaction details:

Eric Hill from Exit Bayshore Realty represented the buyer in this transaction, while Martha Thorn from Coldwell Banker represented the sellers. This collaboration facilitated the successful closure of the deal involving the Indian Beach property.

Players

Eric Hill

Exit Bayshore Realty

Broker

$6M

vol

1 deal

Broker

Anne Folsom Smith

Seller

$6M

vol

1 deal

Seller

Saint Johns Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $1.9K per square foot on a published $6M for 3,209 square feet (2023).

Visit Coldwell Banker to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.63%

Cash-on-Cash

-0.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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