The Indian Beach property at 900 Alameda Lane in Sarasota was recently sold for $6,025,000. The property, a single-family home situated on a 1.77-acre plot, features a main house, guest cottage, carriage house, and a pool. Architect Frank Folsom Smith oversaw the remodeling of the estate, which offers a total of 3,209 square feet of living space. With a price per square foot of $1,878, this transaction represents a significant discount from its initial listing price of $11.9 million.

Summary of Transaction Details

• Property Type: Single Family Home
• Transaction Amount: $6,025,000
• Address: 900 Alameda Lane, Sarasota
• Market: Sarasota
• Square Footage: 3,209

The buyer of the property is Michael Peterman, the founder of VeraData, a Fort Myers-based analytics company that specializes in providing marketing and fundraising solutions to nonprofit organizations. Representing the buyer in this deal is Eric Hill, who works for Exit Bayshore Realty. On the seller's side, the estate was sold by Anne and Frank Folsom Smith, with Martha Thorn of Coldwell Banker serving as their representative. This acquisition by Michael Peterman reflects his investment in a stunning Sarasota property that offers both privacy and luxurious amenities.