Alexis Smith-Frady Represents Buyer In $14.995M Sale Of Siesta Key Estate
4300 Higel Avenue
$14,995,000
$1,740/SF
Building Size
8,615 SF
Asset Type
Single Family
Closing
Apr 15, 2024
AI
A beachfront estate in Siesta Key, known as Chateau du Soleil, was sold for $14.995 million. The property spans 8,615 square feet and comprises six bedrooms, six full bathrooms, and three half bathrooms. It offers luxurious amenities such as a private sugar sand beach, marble countertops, a new pool and spa, and separate guest quarters.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $14,995,000
- Address: 4300 Higel Avenue
- Market: Sarasota
- Size: 1.58 Acres
The sale was facilitated with Mark Coppens of Living Vogue LLC representing the seller and Alexis Smith-Frady of Compass Real Estate representing the buyers.
Players
Sarasota Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93