Updated Jul 22, 2026
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:
- Property Type: Single Family Home
- Transaction Amount: $6,025,000
- Address: 900 Alameda Lane
- Market: Sarasota
- Acres: 1.77
- Square Footage: 3,209
- Price Per Square Foot: $1,878
- Seller: Anne & Frank Folsom Smith
- Buyer’s Representative: Eric Hill - Exit Bayshore Realty
- Seller’s Representative: Martha Thorn - Coldwell Banker
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
Saint Johns 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
2.63%
Cash-on-Cash
-0.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93