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683 Mourning Dove Drive

$11.5M Sale Of 683 Mourning Dove Drive Sets New Record On Bird Key
SOLDSingle Family

$11.5M Sale Of 683 Mourning Dove Drive Sets New Record On Bird Key

683 Mourning Dove Drive

$11,500,000

$1,758/SF

Building Size

6,540 SF

Asset Type

Single Family

Closing

Dec 6, 2023

AI

The record for the highest real estate sale in Bird Key, Sarasota was broken on December 6th with the transaction of 683 Mourning Dove Drive, which sold for $11.5 million. The waterfront single-family property sits on approximately half an acre and spans 6,540 square feet. The home boasts a 75-foot infinity pool and a private dock, adding to its allure.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $11,500,000
  • Address: 683 Mourning Dove Drive
  • Market: Sarasota
  • Asset Type: Single Family
  • Acres: 0.5

The buyers, Jerald and Kathleen Kamiel, were represented by Judy Kepecz-Hays from Coldwell Banker Realty. The sellers, Douglas and Teresa Franklin, enlisted the services of Bryce Coudare-Atkins and Teresa Franklin, who represented Dalton Wade Inc. in the deal.

It is worth noting that this sale slightly exceeded the previous record, highlighting the desirability and value of the property. The expertise and negotiations of the buyer's representative, Judy Kepecz-Hays, and the seller's representative, Bryce Coudare-Atkins and Teresa Franklin, played significant roles in the successful transaction. The buyers and sellers can now move forward with their respective plans, thanks to the culmination of this noteworthy deal.

Players

Judy Kepecz-Hays

Coldwell Banker

Broker

$78.8M

vol

6 deals

Broker

Sarasota 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

1.38%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93