Updated Sep 9, 2024
$12M Casey Key Beachfront Estate Sold In Record-Breaking Sale
1312 Casey Key Rd Nokomis, FL 34275, USA
$12,000,000
$1,739/SF
Building Size
6,900 SF
Asset Type
Single Family
Closing
Aug 31, 2023
About this deal
AI
The Tweenwater Estate, a waterfront property located at 1312 Casey Key Road, Nokomis, was recently sold for $12,000,000. Spanning over 6,900 square feet, this single-family residence sits on a spacious 0.94-acre lot. The sale price equates to approximately $1,739 per square foot, reflecting the high demand for luxury homes in Sarasota County.
Summary of transaction details
- Property Type: Single-Family Residence
- Transaction Amount: $12,000,000
- Address: 1312 Casey Key Road, Nokomis
- Market: Nokomis
- Asset Type: SFR
- Acres: 0.94
The transaction was facilitated by Lisa Napolitano and Valerie Dall’Acqua from Premier Sotheby’s International Realty, representing the seller. Brian Corcoran from The BRC Group acted as the buyer's representative in the deal.
This sale on Casey Key demonstrates the strong demand for luxury homes in the area. The property's waterfront location, bespoke features, private beach access, and coastal ambiance played a significant role in attracting buyers. Notably, this sale represents the highest transaction on Casey Key in the past two years, emphasizing the desirability of this exclusive neighborhood.
Players
Nokomis Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93