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1312 Casey Key Rd Nokomis, ...

Updated Sep 9, 2024

$12M Casey Key Beachfront Estate Sold In Record-Breaking Sale
SOLDSingle Family

$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

Lisa Napolitano

Sotheby's International Realty

Broker

$18.5M

vol

2 deals

Broker

Nokomis Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Deal FAQ

About $1.7K per square foot on a published $12M for 6,900 square feet (2023).

Visit Valerie Dall'Acqua to view all their deals.

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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

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